Here's a sure way to gain financial independence: Win the lottery! One lucky lotto player took his winnings to the bank and to his hometown of Battagram, Pakistan. Miranda Kennedy reports.
A recent Supreme Court case said an investor's lawsuit could only go forward if there was compelling evidence of the company's intent to rip them off. Tess Vigeland talks to Berkeley law professor Eric Talley about what this could mean for investors.
The Federal Reserve today put out a set of guidelines for subprime mortage lenders. The only thing is, the "standards" are voluntary. So, what's the point? Jill Barshay reports.
A lot of the recent private-equity acquisitions have been paid for with borrowed money. But some of the people loaning the money for those kinds of deals are now saying there's too much debt involved. Amy Scott reports.
Guitar Center, which started almost a half century ago as a small appliance and organ shop in Hollywood, has been bought in a private-equity deal. How did the company get to being worth $2 billion? Rachel Dornhelm reports.
As hedge funds become more accessible to everyday investors, commentator David Frum offers this friendly warning: It's not possible for thousands of funds to beat the market, year in and year out. And there will be losers when the ride is over.
Media magnate Rupert Murdoch isn't likely to sweeten his $5 billion bid to the Bancroft family. Staci Kramer of PaidContent.org says the Wall Street Journal newspaper was headed for big changes anyway.
The Indian tribe bought the cafe, restaurant and hotel chain for close to $1 billion, and now has plans to take the franchise overseas to Europe, South America, China and India. Amy Scott reports.
It doesn't happen often, but for the first time in a decade, all five members of the SEC will walk the Hill to answer questions from Congress on hedge funds, executive pay and market oversight. Jeremy Hobson reports.
