Circuit City Stores Inc. has started the arduous process of dismantling its massive retail business, but it could take two years before the entire company completely disappears. ...more

January 30, 2009

Here's hoping the big audit firms get busy living and start sounding alarms at banks that are dying. ...more

January 17, 2009

When shareholders vote on Bank of America Corp.'s acquisition of Merrill Lynch & Co. today, they are expected to transform the bank into a business befitting its name and change the face of Wall Street. ...more

December 5, 2008

Citigroup's options are dwindling along with its stock price as the credit landscape deteriorates and fears escalate about future loan losses at the company. ...more

November 22, 2008

Morgan Stanley got a much-needed cash infusion on Monday, raising $9 billion by selling preferred shares to the Japanese bank Mitsubishi UFJ Financial Group Inc. ...more

October 14, 2008

The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector. ...more

October 7, 2008

NEW YORK (AP) - A battle broke out for control of Wachovia Friday as Wells Fargo signed a $15.1 billion agreement to buy the Charlotte, N.C.-based bank, while Citigroup and the federal regulators backing its earlier deal insisted that Citi's takeover bid go forward. ...more

October 5, 2008

American International Group said Friday it plans to sell a number of business units to pay off its massive government loan. ...more

October 4, 2008

WASHINGTON - A federal grand jury is investigating accounting and disclosure issues at Fannie Mae and Freddie Mac, the mortgage finance companies said Monday. ...more

September 29, 2008

Goldman Sachs Group, seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion. ...more

September 25, 2008