Record Losses Hit Big Firms’ Pensions
The nation's largest corporate pensions won't meet federal-funding requirements without a big infusion of cash, improved asset values or a change in law.
The nation's largest corporate pensions won't meet federal-funding requirements without a big infusion of cash, improved asset values or a change in law.
The SEC filed insider-trading charges against Mark Cuban, saying he dumped his stake in an Internet company upon learning of a share offering.
Target's net slid 24%, as more customers defaulted on Target credit-card bills. A share buyback was suspended.
Yahoo CEO Jerry Yang will step down from his post as soon as the board finds a replacement for him.
U.S. life insurers are seeking a slice of bailout funds by buying up tiny banks in a move aimed at converting to S&L holding companies.
Investors holding securities backed by Countrywide mortgages are criticizing Bank of America's move to modify loans following a settlement.
Reid pledged to press ahead with legislation to aid Detroit's auto makers, but prospects for passage before a new Congress arrives next year remained dim.
Citigroup announced another 25,000 job cuts that will shrink the number of employees by 20% since Pandit took over last December. (Citi's presentation)
Hewlett-Packard is extending its normal weeklong holiday shutdown to two weeks, the latest tech company to make short-term cost-cutting measures.
Senate Democrats prepared a bill to rush financial aid to ailing auto makers, but the fate of the package remained uncertain amid strong Republican opposition.
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