Latest Stories

Latest Stories


French bank loses billions to fraud

Stephen Beard | Jan 24, 2008
Societe Generale, the second-largest bank in France, says one of its traders racked up $7.14 billion in losses from fraudulent transactions. How did he do it? Stephen Beard reports.
Posted In: Wall Street

Stimulus aims to put cash in our pockets

Stacey Vanek Smith | Jan 24, 2008
Americans can expect a hefty tax refund from the I.R.S. this spring, and homebuyers will have an easier time getting home loans if a proposed economic stimulus plan agreed to by the Bush administration and House Democrats is enacted. Stacey Vanek-Smith reports.
Posted In: Economy

A Rogue Trader?

Chris Farrell | Jan 24, 2008
The $7.2 billion fraud at France's SocGen, the world's leading equity derivative trading house, is breathtaking....

Poverty Readings

Chris Farrell | Jan 24, 2008
I'd love suggestions on books to read or research about poverty in the U.S....

The Market Fall-Out

Chris Farrell | Jan 24, 2008
Question: Help! I retired a couple years ago and the market was going up. Now it's going down, down, and more down. How do I stabilize my savings...

Wal-Mart CEO sees green opportunities

Jeremy Hobson | Jan 24, 2008
In a speech to store managers, Wal-Mart's CEO details plans to use the chain as a source for sustainable goods and services. Jeremy Hobson has more.
Posted In: Retail

Traders see another rate cut coming

Jill Barshay | Jan 24, 2008
Traders are betting the Fed will cut its target interest rate by at least a half a percentage point next week. Jill Barshay reports the predictions from the futures market.

Behind Societe Generale's losses

Stephen Beard | Jan 24, 2008
Societe Generale is chalking up the loss of $7 billion to an "inept employee." Stephen Beard reports analysts see the losses as the latest chapter in the saga of shady banking practices.
Posted In: Investing

The latest 'Thing' in art, delivered

| Jan 24, 2008
A subscription art club in San Francisco locally mass-produces and delivers a new piece every few months. And despite varying costs each time, the business model is holding up pretty well. Julie Caine has more.

Colleges profit from riskier investing

Lisa Napoli | Jan 24, 2008
Some Ivy League schools are doing so well they're offering free tuition to students from less-wealthy families. Lisa Napoli looks into a recent report for how the richest universities are managing to pull funds in a slow economy.
Posted In: Education