Wall Street's five biggest firms are paying a record $39 billion in bonuses for 2007, a year when three of the companies suffered the worst quarterly losses in their history and shareholders lost more than $80 billion. ...more

January 18, 2008

Wall Street plunged again Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy. The major indexes each lost more than 1 percent, including the Dow Jones industrials, which finished down nearly 250 points. ...more

January 12, 2008

Over the years, we have grown accustomed to government bailouts of financial companies. The odd thing about the current credit crunch, however, is that it isn't the U.S. government that is doing the bailing. ...more

January 1, 2008

Woody Austin, who turns 44 in January and has been the epitome of a PGA Tour journeyman since his 1995 rookie year, just completed a season that made him one of golf's biggest newsmakers of 2007. ...more

December 14, 2007

Shares of Macrovision and Gemstar plunged Friday as investors soured quickly on a deal that would have the media technology company buy out the television listings business for $2.8 billion in cash and stock. ...more

December 8, 2007

Rising delinquency rates on car and truck loans have some industry analysts concerned that subprime mortgage troubles could spill into the automotive finance business. ...more

November 20, 2007

Federal Reserve Chairman Ben Bernanke said Thursday that economic growth will slow noticeably in coming months while surging oil costs will raise inflation pressures. But he said the economy is nowhere close to the stagflation nightmare of the 1970s and he predicted an economic rebound by mid-2008. ...more

November 9, 2007

It's getting lonelier at the top for black CEOs. Only four blacks will be left running Fortune 500 companies after Stan O'Neal's abrupt retirement from the top spot at Merrill Lynch & Co. last week and Monday's announcement by Time Warner's Dick Parsons that he will retire at the end of the year. ...more

November 7, 2007

Citigroup Inc. Chairman and Chief Executive Charles Prince, beset by the company's billions of dollars in losses from investing in bad debt, resigned Sunday and is being replaced as chairman by former Treasury Secretary Robert Rubin. ...more

November 5, 2007

Senate Banking Committee Chairman Christopher Dodd says Merrill Lynch & Co.'s $161.5 million compensation package for former chairman and Chief Executive Officer Stan O'Neal may revive efforts in Congress to give shareholders more power to curb CEO salaries. ...more

November 3, 2007