Social responsibility of businesses questioned

When the Icelandic banking system was privatised in 2003, it inaugurated a period of furious expansion of both loans and risky investments. The bubble burst in 2008. At that time, the nominal assets of the three largest banks ...

Investors clamor for Facebook's IPO

Wall Street is about to get Facebook fever. The social networking giant with nearly 1 billion users is expected to file papers any day now to sell stock to the public. The timing stems partly from federal rules that would ...

China's Xinhua plans to list website: report

China's official Xinhua news agency plans to list its website by year-end, a report said Wednesday, as the government ushers more state media giants to the stock market.

Groupon shares soar after $700 million IPO

Groupon shares soared on Wall Street on Friday after the online daily deals sensation raised $700 million in the biggest initial public offering by an Internet company since Google.

Report: H-P bolsters defenses, hires Goldman Sachs

(AP) -- Hewlett-Packard is beefing up its defenses in an effort to fend off activist investors who, with enough shares, could demand drastic changes at the company, according to a published report.

Bailed-out banks issued riskier loans

Banks that received federal bailout money ended up approving riskier loans and shifting capital toward risky investments after getting government help, say University of Michigan researchers.

Cracking the code

After the 2008 financial crisis hit, many people were startled to learn that the leaders of some investment banks knew little about the risks their firms had taken.

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