Recent Articles
| 12:12 PM 12/31/2010
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(May 30) - It's a sunny Friday afternoon in Bridgeport, Conn., and drivers are feeling the pain as they pull in to the Freedom Premium Fuels service station. Nate Carter, a polished young salesman for the Cumulus Media radio...
| 2:30 PM 12/11/2009
More employees of firms receiving extensive government aid will face caps on their pay, thanks to Obama administration pay czar Kenneth Feinberg (pictured).
For top-earning workers at Citigroup (C), American International Group (AIG), General Motors and GMAC, Feinberg has limited cash compensation...
| 12:40 PM 12/10/2009
It would appear that France and Britain are on the same page when it comes to bankers' bonuses. Their leaders certainly are -- literally.
French President Nicolas Sarkozy and British Prime Minister Gordon Brown co-wrote an opinion piece in Thursday's Wall Street Journal calling for governments...
| 10:40 AM 12/10/2009
Politicians, lawyers and insurance salesmen now have some company in America's doghouse: A new survey finds that Wall Street bankers are among the country's least favorite people. This suggests that while financial firms may have begun to mend their bottom lines, they're a long way from...
| 3:15 PM 12/8/2009
The battle for Diedrich Coffee (DDRX) is over. It ended Tuesday morning after Green Mountain Coffee (GMCR) beat out Peet's Coffee and Tea (PEET) with a $290 million takeover bid. Diedrich, which makes single-serving cups of ground coffee for home or office percolation, saw its stock explode this...
| 3:20 PM 12/7/2009
Citi isn't getting off the hook anytime soon. But Cincinnati-based Fifth Third Bancorp might. It took $3.4 billion to mend its bruised balance sheet and could need to raise as little as $1 billion to repay TARP
| 2:00 PM 12/2/2009
Tired of TARP? It doesn't sound like it's going away just yet. The Treasury Secretary gave Congress a strong signal that the $700 billion bailout fund will survive beyond its initial expiration date on Dec. 31. The government "is actually close to the point" where the program can end, but not there yet.
| 10:55 AM 12/2/2009
It's no secret that one of the biggest dangers facing banks today is that loans to builders of office towers, malls and other commercial properties are going sour at a quickening pace. Financial regulators, including Fed Chairman Ben Bernanke and Federal Deposit Insurance Corp. chief Sheila Bair, have warned of the risk.
| 4:00 PM 11/24/2009
It's no secret that the financial sector is struggling. Even so, new figures from the Federal Deposit Insurance Corp.'s so-called secret list of troubled banks show an industry in increasing distress. The number of banks on the regulator's confidential watch list increased by 33% in the third...
| 4:00 PM 11/23/2009
There's a bidding war brewing over Diedrich Coffee (DDRX), the maker of single-serving cups of joe for home or office percolation.
Diedrich agreed on Nov. 2 to sell itself to Peet's Coffee and Tea (PEET), the java chain that is said to have inspired Starbucks (SBUX). But now Peet's has...