If we want corporations to maintain accountability for tragedies like the Gulf oil spill, we have to force them to do so through laws that are fully enforced and penalties higher than the economic benefits of thwarting the laws.
City and county officials said Tuesday that they will face massive layoffs unless Congress passes the $75 billion Local Jobs for America Act. But the bill's prospects look dim.
BP earmarked $32.2 billion last quarter for current and future Gulf oil spill costs – leading to $17 billion in losses. Yet BP is cautiously optimistic with Robert Dudley set to take over in October.
Health care hikes, higher taxes and lack of access to liquidity and capital markets are keeping most American business owners on the outside of the recovery looking in.
Big American companies may never rehire large numbers of workers. And they won’t even begin to think about hiring until they know American consumers will buy their products.
Carl Icahn has relaunched a hostile bid for the Hollywood studio, known for film and television hits like 'Precious' and 'Mad Men.'
LEHMAN BROTHERS - RICHARD FULD: Under Mr. Fuld’s leadership at Lehman, the company underwrote more mortgage-backed securities in 2006-07 than any other firm. The housing market crash showed Lehman's exposure to these high-risk financial instruments and the firm began to lose money. Fuld refused offers to sell, and the Treasury Department did not engineer a rescue, as it did for another investment bank. Lehman's bankruptcy in late 2008 also ended Fuld's job. Code Pink protesters hold up signs as Fuld testifies at a House Oversight and Government Reform Committee hearing in October 2008.
Stock prices: The Dow and Nasdaq moved solidly positive for 2010 in afternoon trading Monday. The S&P 500 pared its year-to-date losses.