A British hedge fund is fighting to control the board of directors of CSX, which owns 21,000 miles of train tracks in the U.S. Jeremy Hobson reports Congress is looking into the matter as an issue of national security.
Wall Street may have helped get us into the credit crunch, but many of its employees are paying the price. In this installment of our continuing series, we see how the crunch affected one mortgage-backed securities broker.
Lehman Brothers may be reporting its first quarterly loss and could seek billions to shore up its books. John Dimsdale looks at what that news could mean for the struggling financial sector.
The Securities and Exchange Commission is exploring whether credit-rating agencies that rate security or bond investments should also be required to rank how risky they are. Host Tess Vigeland talks to corporate law professor Eric Talley.
After 85 years on Wall Street, investment bank Bear Stearns will soon disappear. This morning, the bank's shareholders vote on the JP Morgan buyout. Jill Barshay reports why the bank is ready to accept a low buyout.
