NEW YORK — Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil empire of finance. On Wednesday, it got a black eye from one of its own.
WASHINGTON — Questioned by senators he once served with, Jon Corzine told a panel Tuesday that he never told anyone to “misuse” customer money that vanished when MF Global collapsed this fall.
WASHINGTON (AP) — One crisis averted, on to the next. The day after Congress managed to avoid a government shutdown — again — Republicans and Democrats stared ahead Tuesday at major fights over spending that underscore a deep divide that’s sure to define the fast-approaching national elections.
WASHINGTON — Employers added no jobs in August — an alarming setback for the economy that renewed fears of another recession and raised pressure on Washington to end the hiring standstill.
NEW YORK — Worries about Europe’s economic and debt problems sent stocks Tuesday to their first loss in four days. The major indexes bounced up and down in another volatile day. The Dow Jones industrial average fell more than 120 points in the first half hour of trading after a report showed that Germany’s economy stalled last quarter and dragged down growth for Europe.