Private equity firm Lone Star Funds will pay $400 million for Accredited Home Lenders. Lone Star's not the only buyout gang throwing money at sub-prime's corporate wreckage. Steve Tripoli reports.
Flextronics, the world's second-largest manufacturer of electronic components produced for retailers, is buying the number five company in the market, U.S.-based Solectron, for $3.5 billion. Amy Scott reports.
After seven long years, the S&P 500 has climbed back into record-setting territory. And it's looking better than ever. Allan Sloan explains why today's S&P is leaner, meaner and less risky.
When the owner of Fox News first came courting, the publishers of The Wall Street Journal snubbed him. Now they're interested, but only if he pays more than the $60-per-share price on the table. Ashley Milne-Tyte reports.
Wal-Mart's annual shareholder meetings have often had a pep rally feel. But with a flat stock price, sluggish sales and PR problems, the company may need some cheerleading at this year's meeting on Friday. Amy Scott reports.
The country's fourth largest bank, Wachovia, has paid nearly $7 billion to merge with brokerage firm AG Edwards, creating one of the top retail brokerages. And these days it's all about access to customers, Alisa Roth reports.
Northwest Airlines is taking off with a lighter load today as it exits Chapter 11 protection. It shed $2.4 billion in annual costs during bankruptcy, but there could still be turbulent skies ahead. Annie Baxter explains.
Desperate to cool off its stock market, Beijing tripled the tax rate on trades today. In response, the Shanghai composite index tumbled 6.5% — and Wall Street shrugged. Nancy Marshall Genzer reports.
