Wall Street

As hedge funds in Greenwich, Conn. fall, so does the real estate. Amy Scott talked revenue loss and surveyed available commercial space around town with real estate agent Steven Greenbush, who works with financial firms.

With all the scrutiny banks are getting these days, the industry is being extra cautious. Goldman Sachs is moving its annual investor conference from Las Vegas to San Francisco, the latest sign of a new, more serious era on Wall Street. Amy Scott reports.

The Dow Jones Industrial Average includes a number of companies whose stocks haven't exactly been stable — Bank of America and General Motors to name a couple. With all that volatility, is it really an accurate representation of the overall market? Jeremy Hobson reports.

General Electric closed its fourth quarter on one of the toughest years in its 117-year history. Alisa Roth looks into whether or not the drop is recession-based.

Apple sales hit $10 billion for the first time last quarter, and the brand still grabs consumers worldwide. But the company is predicting a less-stellar performance in the first quarter. Ashley Milne-Tyte reports.

IBM reported its latest profit numbers last night, and they were good. The company accredits its success to software sales and Internet security services. Ashley Milne-Tyte reports.

Troubled financial giant Citigroup is merging its Smith Barney brokerage arm with rival Morgan Stanley. It'll be the largest brokerage firm in the world. What should you do if one of those firms manages your funds? Dan Grech reports.

Hedge funds will soon send out year-end letters, most of them detailing how much they lost in the last year. Even though investors might not be looking forward to the missives, some of them can be pretty entertaining. Amy Scott reports.

A lot of news came from banking institutions this week, and very little of it was good. Kai Ryssdal takes a look at reports from Citigroup and Bank of America with T. Rowe Price's Andy Brooks and Wall Street columnist Heidi Moore.

Aluminum maker Alcoa has announced a quarterly loss of more than $1 billion, and it plans to cut 13% of its workforce to balance it out. Jeremy Hobson reports why stronger demand could help the company.