Washington Mutual, this country's biggest savings and loan, is the target of another investigation. This time it's the Securities and Exchange Commission that is looking into whether the S&L handled mortgages based on inflated home appraisals. Jeremy Hobson has more.
Some positive analysts think the bonuses on Wall Street will come up, and others hear that bonuses are down. Ashley Milne-Tyte tells us who is most likely to walk away with a healthy check.
Hit hard by the credit crisis, Bear Stearns and many other banks have taken huge write-downs. Janet Babin reports that with about 150 billion more of them to go, some large firms are seeking a cash infusion from overseas.
Goldman Sachs earnings come out today, and while the firm is expected to have healthy numbers, it's not easy to be considered the "smartest firm on Wall Street." Sam Eaton reports people will be watching closely.
With only seven shopping days left until
Christmas, sales aren't living up to expectations — which weren't that high to begin with. Retail management, on the other hand, is on a buying binge. Dan Grech reports.
There was plenty of applause on Wall Street today for the news that air-conditioner company Trane sold for a cool $10 billion to Ingersoll Rand. Companies flush with cash are stepping in to keep the economy moving. Jill Barshay reports.
The world's biggest bank has done something very unusual. It has voluntarily taken $49 billion in potential liabilities and put them on its balance sheet. Jill Barshay reports.
With Rupert Murdoch set to take control of the Wall Street Journal, rival media companies are making their own moves to stay competitive. Lisa Napoli has more on how networks and newspapers are responding.
