financial

Some communities question if they can function along the Spartan economic guidelines touted by Tea Party activists. One place those municipal leaders might want to examine is Colorado's second-largest city. It's a laboratory in draconian fiscal conservatism.

New York Attorney General Andrew Cuomo has filed a civil lawsuit against Ernst & Young, alleging that the accounting giant helped now-defunct investment bank Lehman Brothers hide billions of dollars in debt from its investors via loans disguised as sales.

A former Goldman Sachs computer programmer has been convicted of stealing trade secrets and property in an effort to help a Chicago-based startup develop its own high-frequency securities trading operations.

Though the job market remains challenging, for one group, the labor market was at its steadiest of the year last month. The number of chief executives departing their jobs fell to 79 in November, the lowest monthly number of 2010, according to job-services firm Challenger, Gray & Christmas.

When the U.S. Department of Education published its new set of student aid rules recently, many education commentators saw a series of small tweaks to the current student aid system that came amid a few minor controversies -- and one glaring hole where a major controversy should have been. That...

When personal finance author Farnoosh Torabi recently spoke with students at Penn State, her alma mater, a young woman asked for her best advice on the elephant in the room -- student loans. "I said, 'Well let me ask you a question,'" Torabi later recounted. "'Do you know how much you're going to...

U.S. credit card delinquencies fell in October to the lowest levels of the year as more people were able to restart payments on their consumer debt, The Wall Street Journal reported, citing company filings.

Morgan Stanley is expected to report sharp declines in third-quarter earnings and revenue ahead of Wednesday's opening bell, hurt by months of weak trading activity. The financial giant is forecast to post earnings of 15 cents a share, less than half the 38 cents a share booked a year ago.

Goldman Sachs is expected to report a sharp drop in third-quarter earnings early Tuesday, due to a decline in trading activity in a market that's been light on volume for months. Goldman is forecast to report adjusted earnings of $2.28 a share.

Investors received another sign Friday that the U.S. economy is continuing to heal: The 2010 U.S. budget deficit came in at a smaller-than-predicted $1.29 trillion. Though it was still the second-highest deficit on record, the numbers reflect growth in tax revenues, and thus in the economy.