Morgan Stanley announced today it has collected $4 billion for a new infrastructure fund. Credit Suisse and General Electric did them one better, raising more than $5 billion. Jill Barshay reports on where they're going to put all that money.
First-quarter earnings season is upon us and profit numbers are under the microscope. Alisa Roth investigates where expectations come from and what they mean for investors.
Battered Citigroup has raised money from investors, laid off employees and sold off chunks of the business. It wasn't enough. Today the company announced it would sell off $400 billion in assets. Amy Scott has more.
The Securities and Exchange Commission is stepping up its scrutiny of investment banks. After the Federal Reserve engineered the rescue of Bear Stearns, regulators want a little something in return. Amy Scott reports.
The New York Stock Exchange hopes to finish acquiring the American Stock Exchange by the third quarter of this year. As many as 75% of Amex employees may be laid off after the merger. Alisa Roth reports.
Investors in the insurance company Aflac have become the first shareholders of a major U.S. company to vote on top executives' salaries. They overwhelmingly rubber-stamped a pay package put together by the board of directors. John Dimsdale reports.
Paul J. Richards (Top) and Hector Mata (Bottom)/AFP/Getty Images
Microsoft has finally given up on wooing Yahoo into a long-term relationship. And today shareholders punished Yahoo with a 15% price drop. Host Tess Vigeland talks with C-Net's Ina Fried about what happened.
Yahoo's stock is taking a beating today. This weekend, Microsoft raised its $43.7 billion bid for the company, but Yahoo turned it down. Amy Scott looks now at what's next for both companies.
