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Wall Street sinks for fourth straight week

Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another U.S. recession and destabilization in Europe's financial system.

 

Report: SEC has destroyed Wall Street probe records for 20 years

A former Securities and Exchange Commission lawyer has told Congress the regulator has routinely destroyed records of initial investigations ...

 

Stephen Colbert questions God's job performance

We're mad at Congress, mad at President Obama, mad at Wall Street. Can't anyone live up to their job description? What about God? How's His performance ...

 

Stock market takes a dive after credit downgrade

Wall Street stocks plummeted Monday morning on the first-ever downgrade of the United States' credit rating, with the Dow Jones Industrial Average plunging as much as 380 points in the first hour of trading.

 

Wall Street suffers worst selloff in two years

Wall Street suffers worst selloff in two years

Investors fled Wall Street in the worst stock-market selloff since the middle of the financial crisis in early 2009 in what has turned into a full-fledged correction. The Dow and the S&P tumbled more than 4 percent on Thursday and the Nasdaq lost 5 percent on fear the United States is staring at another recession and that Europe's sovereign debt crisis is swallowing two of its largest economies.

 

Prostitution ring for Wall Street clients busted

Seventeen people were indicted on Wednesday on charges of running a high-end prostitution ring that catered to Wall Street clients who often spent more than $10,000 in a night, authorities said.

 

It was a low-down, no-good godawful bailout. But it paid.

It was a low-down, no-good godawful bailout. But it paid.

But you know what? The bailout, by the numbers, clearly did work. Not only did it forestall a worldwide financial meltdown, but a Fortune analysis shows that U.S. taxpayers are also coming out ahead on it — by at least $40 billion, and possibly by as much as $100 billion eventually. This is our count for the entire bailout, not just the 3 percent represented by the massively unpopular Troubled Assets Relief Program. Yes, that’s right — TARP is only 3 percent of the bailout, even though it gets 97 percent of the attention.

 

Laptop in trash turns into treasure for reporters

A discarded laptop found in the garbage has turned out to be a treasure trove of new information about the only lawsuit the SEC has brought over Wall Street’s mortgage debacle.

 

Book by Mayor’s Daughter Is Fiction, With Tell-All References

Book by Mayor’s Daughter Is Fiction, With Tell-All References

Georgina Bloomberg’s new book, “The A Circuit,” is about a family headed by a blunt-talking Wall Street billionaire who lives in a Manhattan town house and “owns half of New York.”

 

Cisco results beats Street view, shares rise

Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations.

 

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