Fed Board Nominee Duke Gets Confirmed by U.S. Senate

Elizabeth Duke, a Virginia banker, was confirmed today by the Senate to a seat on the Federal Reserve Board of Governors, breaking a yearlong […]

Senate supports mortgage aid plan

A massive foreclosure rescue bill cleared a key Senate test Tuesday by an overwhelming margin, with Democrats and Republicans both eager to claim election-year […]

Blackstone

Blackstone Group isn’t celebrating a happy first anniversary as a public company.
It was exactly one year ago on June 22 that the private equity […]

Disney wants higher valuation but Wall Street hesitates

Walt Disney Co is waging a campaign to convince investors that its product range and brand make it more valuable than media peers and […]

Jeddah starts oil price dialogue, but no quick fix

World energy powers embarked on a new level of dialogue to rein in runaway oil prices at an emergency meeting in this Red Sea […]

Builders

Homebuilders’ confidence in the weak housing market fell in June, matching the record low in a monthly industry assessment index, a trade group said […]

U.S. airlines seek help to defer China and other services

U.S. airlines say they cannot afford to fly new routes or maintain all flights to China and other countries that restrict access, but they […]

Merrill

News and information company Bloomberg LP could be a hotly contested asset if a stake went on the block, although the most likely buyer […]

Accountant snared in alleged Livent fraud, court hears

Livent’s former chief financial officer Maria Messina was so deeply implicated in the theatre company’s fraud after failing to immediately report it that all […]

Trade gaps widens in April as oil prices surge

The U.S. trade deficit widened more than expected in April as the price of imported oil hit a record, pushing overall imports to an […]