5 Years After Financial Crisis, Are Big Banks Still A Threat?
It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some...
View ArticleJury Selection To Begin For Trial Of Madoff Employees
Transcript RENEE MONTAGNE, HOST: Nearly five years after Bernie Madoff was arrested for fraud, some of his former employees are about to go on trial in New York. The trial is expected to focus on how...
View ArticleSprecher Slams High-Speed Electronic Exchanges
The CEO of the firm that's about to take over the New York Stock Exchange has criticized alternative market trading. Jeffrey Sprecher said equity markets, including the NYSE, allow sophisticated...
View ArticleHealth Care Cancellation Cure Could Lead To Higher Premiums
The health care fix announced by President Obama on Thursday may be good news for some consumers, but it creates a big headache for insurance companies and regulators. An insurance industry trade group...
View ArticleJPMorgan Says It Broke No Law. So Why Pay The $13 Billion?
State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co.
View ArticleMen's Wearhouse Goes 'Pac-Man' On Joseph A. Bank
The retail company Men's Wearhouse has announced it is launching a takeover battle for rival Joseph A. Bank. What makes the effort unusual is that just last month Joseph A. Bank was trying to take over...
View ArticleThe Latest From The New York Train Derailment
Transcript ARUN RATH, HOST: It's ALL THINGS CONSIDERED from NPR West. I'm Arun Rath.A commuter train derailed as it was heading into Manhattan this morning, killing four people and injuring more than...
View ArticleIreland Exits Bailout Program, But Economy Still On The Mend
Ireland was one of the countries hardest hit by Europe's debt crisis. On Sunday, it passed a big milestone when the nation became the first country to formally exit the bailout program funded by the...
View ArticleJPMorgan Chase Settles Madoff Case For $1.7 Billion
JPMorgan Chase & Co. has agreed to pay $1.7 billion to settle criminal charges accusing the bank of ignoring obvious warning signs of Bernard Madoff's massive Ponzi scheme.
View ArticleStudy: Upward Mobility No Tougher In U.S. Than Two Decades Ago
A new study finds that contrary to widespread belief, it's no harder to climb the economic ladder in the United States today than it was 20 years ago.But the study did find that moving up that ladder...
View ArticleDays Of Turmoil Test Stability Of Emerging Markets
Transcript ROBERT SIEGEL, HOST: After losing a lot of ground, stock prices were back up a bit today. Investor anxiety about the state of the world's currency markets seemed to ease. The current turmoil...
View ArticleSenate Steps Into The Data Breach Controversy
Transcript AUDIE CORNISH, HOST: A top executive at the retail chain Target went to Capitol Hill today to try to explain the massive security breach that hit the company in December. Hackers stole...
View ArticleVideo Streaming Is Straining, But Who Will Ease The Tension?
Suzie Felber's kids are only just learning what a commercial is."They start screaming when they come on," she says. "They think the TV's broken."The Felbers usually stream television shows over the...
View ArticleNetflix Pays Comcast To Ensure Its Videos Stream Smoothly
Transcript ROBERT SIEGEL, HOST: Netflix is hoping that a deal it has struck with Comcast will mollify some of its unhappy customers. The company announced yesterday that it will pay to connect...
View ArticleMadoff Aides Found Guilty For Role In Massive Ponzi Scheme
Five of Bernie Madoff's former employees were found guilty of helping him fleece investors of $17 billion. They were convicted on charges of securities fraud, conspiracy and tax evasion.
View ArticleTraders Defend High-Speed Systems Against Charges Of Rigging
The FBI and the Securities and Exchange Commission revealed this week that they're both investigating the world of high-frequency stock trading. They did so at a time when a new book on the subject,...
View ArticleWith Proposed Mega-Merger On The Hill, Spotlight's On Consumers
Comcast and Time Warner executives ran into stiff opposition as they pitched their proposed merger to the Senate Judiciary Committee. The deal would give the combined company a large share of both pay...
View ArticleSending Money On An Overseas Round Trip To Avoid Taxes
Some investors avoid paying taxes in a move called round-tripping — sending money offshore, then investing it in U.S. stocks or bonds. A study estimates it costs the U.S. billions in lost...
View ArticleBuffett Defends Coke Position At Berkshire Hathaway Meeting
Warren Buffett is under fire for not opposing Coca-Cola's executive compensation plan more aggressively. Buffett spoke about his decision at a shareholder meeting for his company Berkshire Hathaway.
View ArticleCrowdfunding Can Help Build Business, But At What Cost?
Entrepreneur Andy Krafsur raised money for Spira Footwear by reaching out to friends and family. But that was a dozen years ago. After the economy tanked, the common tactic became a lot more...
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