NEW YORK - Five years after Ponzi scheme mastermind Bernard Madoff's arrest, his claim that he alone was responsible for the more than $17.3 billion fraud is being demolished in the conspiracy trial of five former employees charged with helping him.
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.
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.