At $639 billion, Lehman Brothers’ bankruptcy was the biggest in U.S. history. Now a federal judge has released a report saying that rather than working to prevent the collapse, senior Lehman executives, auditor Ernst & Young and other investment banks may actually have hastened it. Continue reading Lehman Brothers Hastened Its Own Bankruptcy: Report Lehman Brothers Hastened Its Own Bankruptcy: Report originally appeared on DailyFinance on Thu, 11 Mar 2010 20:17:00. Filed Under: Company News , JP Morgan Chase , Citigroup Permalink | Tweet this! | Comments

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Lehman Brothers Hastened Its Own Bankruptcy: Report

Hewlett-Packard launches a star-studded campaign — which an unnamed source told The Wall Street Journal will cost $40 million — to change its image as a printer and PC company. But is it just a waste of shareholder money? Continue reading HP: More Than Printers, and Willing to Waste Money to Prove It HP: More Than Printers, and Willing to Waste Money to Prove It originally appeared on DailyFinance on Thu, 11 Mar 2010 21:00:00. Filed Under: Company News , Technology , Hewlett-Packard Permalink | Tweet this! | Comments

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HP: More Than Printers, and Willing to Waste Money to Prove It

The textbook and nonfiction publisher — which is behind the For Dummies how-to series — reported healthy results for the third quarter, thanks to the education division and currency gains. Continue reading Profits ‘For Dummies’: John Wiley & Sons Reports Higher Profits, Earnings Profits ‘For Dummies’: John Wiley & Sons Reports Higher Profits, Earnings originally appeared on DailyFinance on Thu, 11 Mar 2010 15:53:00. Filed Under: Company News , Earnings , Media , Books , Currency Permalink | Tweet this! | Comments

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Profits ‘For Dummies’: John Wiley & Sons Reports Higher Profits, Earnings

Boeing boss Jim McNerney has been the recipient of much good news lately: The latest was that he had been tapped to lead the President’s Export Council, an advisory committee meant to help America increase its international trade. Ironic, perhaps, since McNerney allegedly wants to export Boeing’s jobs. Continue reading Will Boeing’s CEO Repay America by Hiring in China? Will Boeing’s CEO Repay America by Hiring in China? originally appeared on DailyFinance on Thu, 11 Mar 2010 16:06:00. Filed Under: Company News , Economy , People , Boeing Permalink | Tweet this! | Comments

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Will Boeing’s CEO Repay America by Hiring in China?

After months of trying to forge a bipartisan compromise, Sen. Christopher Dodd (D-Conn.), chairman of the Senate Banking Committee, says he’ll go it alone next week — and offer a finance reform bill without any Republican support. Continue reading Dodd and Democrats Move Ahead on Financial Reform Without the GOP Dodd and Democrats Move Ahead on Financial Reform Without the GOP originally appeared on DailyFinance on Thu, 11 Mar 2010 13:47:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Dodd and Democrats Move Ahead on Financial Reform Without the GOP

On Wednesday, Connecticut Attorney General Richard Blumenthal filed complaints against Standard & Poor’s and Moody’s Corp. based on their rating of structured finance products, such as mortgage-backed securities. Continue reading Legal Briefing: Connecticut Sues Ratings Agencies for Deceptive Practices Legal Briefing: Connecticut Sues Ratings Agencies for Deceptive Practices originally appeared on DailyFinance on Thu, 11 Mar 2010 14:00:00. Filed Under: Investing , Moody’s Corp. Permalink | Tweet this! | Comments

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Legal Briefing: Connecticut Sues Ratings Agencies for Deceptive Practices

The U.S. trade deficit, aided by a lower imported petroleum bill, unexpectedly fell 6.6% to $37.3 billion in January, the Commerce Department said Thursday. Continue reading U.S. Trade Deficit Shrinks on Falling Oil Imports U.S. Trade Deficit Shrinks on Falling Oil Imports originally appeared on DailyFinance on Thu, 11 Mar 2010 11:20:00. Filed Under: Economy Permalink | Tweet this! | Comments

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U.S. Trade Deficit Shrinks on Falling Oil Imports

British energy giant BP is picking up Devon Energy’s oil-rich assets off the coasts of Brazil, Azerbaijan and the U.S. for $7 billion. That’s a hefty price tag, but BP expects the deal to pay off quickly, and considering the potential of the Brazilian reserves, that optimism may be justified. Continue reading BP Buys Devon’s Offshore Oil Fields for $7 Billion BP Buys Devon’s Offshore Oil Fields for $7 Billion originally appeared on DailyFinance on Thu, 11 Mar 2010 11:30:00. Filed Under: Energy , Company News , BP Permalink | Tweet this! | Comments

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BP Buys Devon’s Offshore Oil Fields for $7 Billion

In the wake of the mortgage loan mess and financial crisis, Congress was hot to regulate this business. But the federal-level effort has lost steam, partly because lawmakers seem to have come around to the industry’s point of view rather than the consumer’s. Continue reading Costly Cash: Don’t Expect Federal Regulators to Protect You From Payday Loans Costly Cash: Don’t Expect Federal Regulators to Protect You From Payday Loans originally appeared on DailyFinance on Thu, 11 Mar 2010 09:00:00. Filed Under: Company News , Economy , General Electric , American Express , Bank of America , Credit , MasterCard Permalink | Tweet this! | Comments

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Costly Cash: Don’t Expect Federal Regulators to Protect You From Payday Loans

The U.S. Labor Department’s weekly jobless claims report is a mixed bag. Initial claims fell 6,000 to 462,000, but continuing claims rose 37,000 to 4.558 million. And the less-volatile four-week moving average increased 5,500 to 475,500. Continue reading Initial Jobless Claims Drop, but Continuing Claims Rise Initial Jobless Claims Drop, but Continuing Claims Rise originally appeared on DailyFinance on Thu, 11 Mar 2010 09:10:00. Filed Under: Economy Permalink | Tweet this! | Comments

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Initial Jobless Claims Drop, but Continuing Claims Rise