A hearing is scheduled today into allegations that an Atlanta-based hedge fund defrauded clients who invested hundreds of millions of dollars. But the lead defendant and the money are nowhere to be found. Bob Moon has more.
The yield on 10-year treasury notes has reached its highest level in almost two years. Why care? Those yields play into everything from inflation to how much you pay for your mortgage. Alisa Roth reports.
More than 1200 retired GM autoworkers have lodged formal complaints against a deal between the automaker and the United Auto Workers to require pensioners to pay more for their healthcare. A federal hearing into the matter concludes today and Judge Robert Cleland has until April 1 to approve or reject the deal. Ashley Milne-Tyte reports.
It's time once again for economics editor Chris Farrell to help you sort out what's smart, what's stupid and what's the "Straight Story." This week, BlackRock and Merrill Lynch plan to come together. Chris offers a toast