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.
The dollar edged lower against the yen during Asian trading Wednesday as investors took profits on the greenback's recent gains ahead of next week's Federal Reserve meeting.
General Motors will shutter its production facilities in Australia, the US car company announced on Wednesday, blaming the strong currency and small local market.
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.