S&P to Pay $1.5 Billion Fine to US, States Over Mortgage Bond Ratings
S&P will pay more than a year’s profit to settle suits that it inflated ratings on subprime-mortgage bonds.
Goldman Sachs Profit Declines on Drop in Fixed-Income Trading
The firm posted its lowest annual trading revenues since 2005.
How Meredith Whitney’s American Revival Fund Sputtered in Debut Year
Whitney’s American Revival Fund started investing in heartland stocks in November 2013, and by last October her main backer asked for its money back.
Commodities Drop to 12-Year Low as Oil Slumps Amid Global Glut
Oil prices are tumbling, but there's even more to the commodity story.
Meredith Whitney’s Fund Said to Drop 11% as Office Put on Market
Her American Revival Fund has lost money on electronics retailer Conn's Inc. and other poor bets, experts say.
How America Is Kicking Its Oil Habit
The U.S. is producing the most oil in 31 years, growth is accelerating and crude prices are plunging. So why is Americans’ petroleum use waning?
Citigroup Risk Executive’s Death Suspected as Suicide
Shawn D. Miller, a Citigroup Inc. executive who helped create an international standard for responsible lending, died from what police now suspect was a self-inflicted wound.
Janus Positioning to Gather Money as Gross Move Reshapes Market
Janus is in conversations with countless institutions and advisors as the firm seeks to grab some of PIMCO's outflows, CEO Richard Weil says.
Former PIMCO Parent Pacific Life Moves Accounts to Janus
Pacific Life is moving some money to Bill Gross’ new firm, Janus, which said the decision pre-dated Gross’ exit.
S&P 500 Pares Biggest Loss Since 2011; Bonds Trim Rally
Jittery markets go through wild ride but recover at close. S&P lost 3% but ended day down 0.8%.