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Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Investors were also encouraged by news that sales of previously-occupied U.S....
The legacy of J.C. Penney's former CEO continues to cast a dark cloud over the department-store chain. Penney on Thursday widened its loss in the first quarter on a 16% plunge in revenue. It marks the fifth straight quarter that the struggling company...
Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...
Bloomberg Chief Executive Daniel L. Doctoroff admitted that giving its journalists access to some subscriber information for its data terminals was "a mistake." The company went into damage control mode last week shortly after it disclosed that...
Tags: Federal Reserve, News Media, Bloomberg L.P.
For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...
Nearly 100,000 troubled borrowers were shortchanged on payments from Goldman Sachs Group Inc. and Morgan Stanley & Co., the Federal Reserve said — money intended to compensate for possible errors and abusesduring foreclosure proceedings in 2009...
Warren Buffett's Berkshire Hathaway Inc. said first-quarter profit rose 51% on gains from investments and insurance operations. Net income climbed to $4.89 billion, or $2,977 a share, from $3.25 billion, or $1,966, a year earlier, the Omaha, Neb.,...
Mark Tercek had some horribly awkward moments after he left Goldman Sachs to run a U.S. environmental charity, the Nature Conservancy. At one of his first big staff meetings, he committed a total eco no-no by drinking from a plastic water bottle. When...
J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson. The 30-second video went live on YouTube, Facebook...
Investors remained cautious at the start of a big week for company earnings on Wall Street. About a third of the companies in the Standard & Poor's 500 index, including Exxon Mobil and Apple, are reporting earnings this week. Analysts currently expect...
SHANGHAI — Gov. Jerry Brown's trade mission to China this week is intersecting with one of the most controversial issues of his governorship: California's $68-billion bullet train. The governor has staked part of his legacy on the rail network,...
WASHINGTON -- Goldman Sachs and Morgan Stanley will begin sending $247 million in payments on Friday to nearly a quarter-million people under a settlement of foreclosure-abuse allegations with regulators, the Federal Reserve said. The two Wall Street...
May 22, 2013 |Story| AP Member Choice Complete
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May 14, 2013 |Story| Los Angeles Times
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May 3, 2013 |Story| Bloomberg
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Apr 22, 2013 |Story| Los Angeles Times
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Apr 29, 2013 |Story| Los Angeles Times
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