Wall Street banks avoided their worst fears of the Volcker rule after regulators crafted the ban on speculative trading to leave market-making operations intact.
In a sad carnival of a trial currently playing out in U.S. District Court in New York, Frank DiPascali�who faces a 125-year prison term for infinite crimes as Madoff's longtime chief henchman�has turned government witness, testifying against five former Madoff ...
General Motors said Wednesday it will close its Holden production facilities in Australia, a move that will cost thousands of jobs and casts doubt on the future of the country's struggling auto sector.
Sydney: Most Asian share markets lurched lower on Wednesday as investors booked profits on a range of once-crowded positions, largely to the benefit of bonds and the detriment of the U.S.
Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos.