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The Federal Reserve signaled on Wednesday it was not close to raising interest rates, saying that the economy remained weak even though the recession appeared to be over.
The Securities and Exchange Commission is likely to bring charges against additional defendants in its wide-ranging insider-trading case against Raj Rajaratnam and his hedge fund firm, the Galleon Group, an S.E.C. lawyer said at a court hearing on We...
Berkshire Hathaway, the investment vehicle of Warren E. Buffett, said on Tuesday that it planned to buy the 77.4 percent of Burlington Northern Santa Fe it did not already own for $26 billion in cash and stock, in the largest deal in Berkshire history.
Even amid the contraction of the venture capital industry, which fertilizes the seeds of new technology start-ups, some firms are expanding, The New York Times’s Claire Cain Miller reports.
Federal prosecutors indicated on Friday that Bernard L. Madoff's longtime auditor is expected to plead guilty next week and has agreed to cooperate with investigators.
The real estate slump has even hit Bernard L. Madoff. Federal marshals have cut the prices for his Manhattan penthouse and his home in Palm Beach, Fla.
Colm Kelleher, the chief financial officer of Morgan Stanley, said Tuesday that mergers and acquisitions appeared likely to rebound next year as the financial markets improve.
Oracle may be about to get a taste of its own medicine, after lobbying the European Union to force one of its biggest competitors, Microsoft, to loosen its iron-like grip on software code and other intellectual property.
Lloyd C. Blankfein, chief executive of Goldman Sachs, argued Tuesday that his bank was easier to manage than its bigger rivals, and he defended Goldman against proposals to break up the biggest banks.