The subprime-mortgage meltdown, which has triggered a larger meltdown throughout the credit markets, is the latest example of grand-scale faulty logic and short-term thinking.
Morgan Stanley CEO John J. Mack has identified Zoe Cruz, a co-president, as the leading candidate to succeed him.
The House passed a one-year reprieve from the alternative minumum tax for an estimated 23 million taxpayers.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
The IRS could miss its early season filing peak if Congress waits until December to complete its tax bill.
J. Andrew Kalbaugh is the new chief executive of Mutual Service Corp. of West Palm Beach, Fla.
Consumer confidence fell this month to the lowest level in more than two years, according to the RBC Cash Index.
An increase in exports helped push the U.S. trade deficit for September down to $56.5 billion.
Fund giant's Aa3 rating makes it a low credit risk, but Moody's still worries about transparency.
Affiliated Managers Group today announced that it had purchased a stake in ValueAct Capital Partners.
