WASHINGTON (Reuters) - U.S. banks will no longer be able to make big trading bets with their own money after regulators finalized on Tuesday a rule shutting down what was a hugely profitable business for Wall Street before the credit crisis.
Even after he confessed to orchestrating the biggest Ponzi scheme in history, Bernard L. Madoff insisted on two points: He acted alone, and his separate market-making operation was �legitimate, profitable and successful in all respects.
Chip Wilson, the billionaire founder of yoga clothing retailer Lululemon, has resigned as chairman over controversial statements about body size.
MasterCard Inc. (MA), the second-biggest bank-card network, said its board approved an 83 percent dividend increase and a 10-for-1 stock split.
Office Depot said Tuesday it has chosen Boca Raton, Fla. for its new headquarters over Naperville. Office Depot completed its merger with Naperville-based OfficeMax last month, but the pair hadn't yet announced where the combined company would be ...