Blackstone shares have pre-earnings rally

Shares of private equity firm Blackstone Group rose 7.5 percent on Thursday, which options analysts attributed to expectation of positive earnings when the firm […]

House to take on ‘too big to fail’

One year after risky practices by the nation’s biggest banks almost brought down the economy, many of those institutions are even bigger — and […]

Home sales rebound to highest level in 2 years

Sales of existing homes rebounded sharply in September to their highest level in two years, getting a strong boost from first-time homebuyers, according to […]

Losing their lifeline - 7,000 a day

Another day, another 7,000 people run out of unemployment benefits.
One month after the House passed a bill extending unemployment benefits, the issue is still […]

State jobless picture brightens a little

Fewer states posted an increase in unemployment in September, even as the national rate recently hit a 26-year high of 9.8%.
Jobless rates increased in […]

Holiday shoppers to spend $22.27 less

Nearly two-thirds of holiday shoppers say the economy will affect their buying this year, with the average amount being spent dropping by about $22, […]

Dow can’t hold 10,000

Stocks slumped Friday, at the end of an upbeat week on Wall Street, as a sour response to General Electric and Bank of America’s […]

Bear Stearns case: Not so simple

In yesterday’s opening statements in the criminal case against two Bear Stearns hedge-fund managers, Brooklyn federal prosecutors followed all the pundits’ advice and did […]

AIG bonuses in the cross hairs

Congress is resurfacing its outrage over AIG’s bonuses after a report detailed the vast scope and scale of the troubled insurer’s executive compensation plan.
Neil […]

Generics: A prescription for lower costs

Americans think about health care every time they open the plastic container of pills ordered by their doctor.
Annual spending on prescription drugs — more […]