To see the mental state of financial markets at the moment you need only to sit at a computer with an Internet connection and watch investors respond to journalism. ...more

September 12, 2008

The Bush administration, acting to avert the potential for major financial turmoil, announced Sunday that the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 8, 2008

The Bush administration, acting to avert the potential for major financial turmoil, says the federal government was taking control of mortgage giants Fannie Mae and Freddie Mac. ...more

September 7, 2008

Oracle Corp. founder Larry Ellison, a longtime fixture on the list of the world's richest people, now is ensconced atop The Associated Press' rankings of the top-paid chief executives in the United States. ...more

August 22, 2008

Never mind. Or, in the words of Merrill Lynch & Co. Chief Executive Officer John Thain, "Our clients have been caught in an unprecedented liquidity crisis. We are solving it by giving them the option of selling their positions back to us." ...more

August 13, 2008

To be comfortable is to be "in a state of tranquil enjoyment and content; free from pain and trouble; at ease," the Oxford English Dictionary says. It's hard to think of a less appropriate description of the situation at Merrill Lynch & Co. after the bank's latest pirouette. ...more

August 1, 2008

Guess who holds your mortgage now? It's your friendly neighborhood hedge fund. Dozens of hedge funds, private equity groups and other investors have plunged into the beaten-down mortgage market in recent months, buying tens of thousands of distressed loans and foreclosed properties around the country. ...more

July 31, 2008

Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems. ...more

July 31, 2008

Chip Ganassi shocked the NASCAR industry when he shut down Dario Franchitti's unsponsored race team, putting last year's IndyCar Series champion and 71 other employees out of work. That it happened to Ganassi, a multi-car owner who six weeks ago won the Indianapolis 500, was a wake-up call to every team owner not named Childress, Gibbs, Hendrick or Roush. ...more

July 16, 2008

Investors bailed out of investment bank stocks Monday as concerns about the credit crisis prompted one analyst to call for Lehman Brothers Holdings to go private. ...more

July 15, 2008