Origin of Wall Street’s Plunge Is Still Unclear to Regulators
By GRAHAM BOWLEY
Officials from federal agencies hunted for clues amid a tangle of electronic trading records to find out what caused Thursday’s near panic on Wall Street.
Leaders from the euro-area countries approved a Greek rescue package and promised steps to stanch a debt crisis before markets open on Monday.
Officials from federal agencies hunted for clues amid a tangle of electronic trading records to find out what caused Thursday’s near panic on Wall Street.
By luck, savvy or lightning speed, there were gobs of money to be made from the bargains that came and went in an instant on Thursday.
Though most European banks have limited exposure to Greece, their vulnerability to larger European countries with debt problems is greater.
Brushing off a strong U.S. job report, traders focused on lingering questions about European debt and Thursday’s plunge. Market regulators said that they had not yet determined the cause of the decline.
Payrolls surged with an unexpectedly strong 290,000 jobs last month, but the unemployment rate rose to 9.9 percent.
Douglas Ballard and Joseph Todd Foster were charged with bank fraud, and a developer, Guy Mitchell, is accused of using funds from the bank to buy an island in the Bahamas.
At a relatively friendly meeting with Goldman shareholders, Lloyd Blankfein struck a conciliatory but firm tone.
Many fear that Kyoto’s delicate temples and gardens have been overwhelmed by modern-day concrete boxes, and plans for more new construction are raising alarm.
While you were in class, some laws and regulations were approved that may change your (financial) life.
Jeff Sommer with Gretchen Morgenson on market uncertainty, Fannie Mae and Freddie Mac; Tim O’Brien and Natasha Singer on Teva Pharmaceuticals; Paul Lim on corporate earnings; and David Segal on airline refunds.
Pessimists, technologists and pragmatists sound off about security alarm systems. Choose your category.
A growing number of people are turning to acupuncture for help with conditions including infertility, chronic pain, depression and menopause symptoms.
Job losses and pay cuts have combined with falling home values to prompt more homeowners to appeal their property taxes.
The Commerce Department said residential construction spending rose at an annual rate of 1.6 percent in the first quarter, but nonresidential construction fell 17.4 percent.
On whether cutting taxes is likely to force legislators to cut government spending as well.