Stocks News

Global Inflation vs. Global Currencies - Analysis and Discussion with Nick Bennenbroek of Wells Fargo Bank

Mobile phone maker Motorola's India-born chief Sanjay Jha has emerged America's top paid CEO, while Citigroup's Vikram Pandit tops the league among bailed out banks, a survey said today.

The U.S. unemployment rate soared to 8.5 percent last month, a fresh 25-year high, as employers slashed 663,000 jobs and cut workers' hours to the lowest level on record, the government said on Friday.

WASHINGTON -- Mortgage finance giants Fannie Mae and Freddie Mac plan to pay more than $210 million in bonuses through next year to give workers the incentive to stay in their jobs at the government-controlled companies.

Asian stock markets climbed Friday after the world's major powers pledged more than $1 trillion to combat the global economic crisis and China's hard-hit factories showed signs of new life.

Analysis and interview with Fred Crawford, CEO of AlixPartners talking about the survey regarding the consumer spending and advising companies on restructuring or bankruptcy.

The nation's unemployment rate jumped to 8.5 percent in March, the highest since late 1983, as a wide swath of employers eliminated 663,000 jobs.

WASHINGTON - New signs that the recession could be nearing a bottom emerged yesterday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months.

World leaders drew praise on Friday not so much for the boldness of their $1.1 trillion package to help revive the global economy as for at least not making the crisis worse by failing to agree.

David Maley left his internship at Lehman Brothers last summer figuring he would be back on Wall Street in a glamorous investment banking job once he graduated from Colgate University in May.