The chief executive officer of brokerage giant Merrill Lynch, Stanley O'Neal, stepped down Tuesday after the company posted a record quarterly loss and questions arose over decisions to invest in the troubled mortgage market. Analysts discuss O'Neal's downfall and what…
Crude oil prices hit new a new high Friday, closing at more than $91 per barrel amid news of more Middle East tensions, including expanded U.S. sanctions against Iran. An energy analyst and a government professor assess the reasons for…
The volatility of the financial markets this summer has stemmed from weaknesses within the mortgage industry and other risky loan operations. Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world.
Stock markets endured another week of highs and lows. The NewsHour talks to financial analysts about recent actions by the Federal Reserve and major financial institutions and what they may mean for the uneven market.
Federal investigators announced multiple arrests and indictments Thursday in an insider trading scheme that involved four of Wall Street's biggest institutions. Margaret Warner reports, and then guests discuss the case.
Parent Company Tribune Co. ousted L.A. Times editor Dean Baquet this week when he resisted pressure to cut jobs. On the East Coast, rumors were floating that the Philadelphia Inquirer could lose as much as one-third of its newsroom positions.
By PBS NewsHour
Louis Rukeyser, for years a fixture on Friday nights as the host of the PBS series "Wall $treet Week," died Tuesday at his home in Connecticut after a battle with a rare bone marrow cancer.
Securities regulators announced Monday the final terms of a $1.4 billion Wall Street research settlement, ending almost two years of investigations into charges that analysts issued biased research to gain investment banking business.
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