Federal Reserve Chairman Ben Bernanke said Thursday that economic growth will slow noticeably in coming months while surging oil costs will raise inflation pressures. But he said the economy is nowhere close to the stagflation nightmare of the 1970s and he predicted an economic rebound by mid-2008. ...more

November 9, 2007

It's getting lonelier at the top for black CEOs. Only four blacks will be left running Fortune 500 companies after Stan O'Neal's abrupt retirement from the top spot at Merrill Lynch & Co. last week and Monday's announcement by Time Warner's Dick Parsons that he will retire at the end of the year. ...more

November 7, 2007

Citigroup Inc. Chairman and Chief Executive Charles Prince, beset by the company's billions of dollars in losses from investing in bad debt, resigned Sunday and is being replaced as chairman by former Treasury Secretary Robert Rubin. ...more

November 5, 2007

Senate Banking Committee Chairman Christopher Dodd says Merrill Lynch & Co.'s $161.5 million compensation package for former chairman and Chief Executive Officer Stan O'Neal may revive efforts in Congress to give shareholders more power to curb CEO salaries. ...more

November 3, 2007

Merrill Lynch's departing chief executive, Stan O'Neal, will walk away with $161.5 million in stock, options and retirement benefits, the company said Tuesday. ...more

October 31, 2007

Stan O'Neal's legacy will be cemented as the $8 billion man. That's about the size of the massive write-down Merrill Lynch & Co. had to take during its just-ended quarter, which has ruined the reputation of the investment bank's CEO. ...more

October 31, 2007

Florida's major theme parks see growth ahead, despite continued dismal economic news about the U.S. housing market and the decline of the dollar. ...more

October 9, 2007

SEBRING –– Those who know Mario Trevino from his younger days remember the "baker boy" who helped in his father's bakery and even sold bread out of a van. These days Trevino is more likely to be sitting behind the desk as a Merrill Lynch financial advisor, teaching clients how to manage their money better. But banker or baker, Trevino has been a big believer in hard work. "I've been through the school of hard knocks and have learned to do all the things other people aren't willing to do." When his father started a Mexican bakery and grocery store, which grew to three locations before the hurricanes put them out of business, all of the family worked there. ...more

October 8, 2007

The 1970 United Auto Workers strike against General Motors Corp. went on for 69 days and helped push the nation into a recession. This time, industry watchers predict the strike will be short. ...more

September 26, 2007

Wall Street fell moderately Monday as investors anxiously awaited the Federal Reserve's impending decision on interest rates. ...more

September 18, 2007