Americans' net worth fell in 2008, erasing four years of gains, as the value of their houses and stock market portfolios decline, according to new Fed data.
Cuomo is in talks with Rep. Frank and other lawmakers on a plan to tie Wall Street pay to long-term performance of the firms.
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Sara Lee is examining a sale of its European household and personal-care business, as the firm seeks to reverse a sharp decline in its share price and focus on its core food and beverage business.
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With their core business in shambles, some venture capitalists styling themselves as investors in distressed assets and public companies.
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Citigroup is preparing to nominate at least three financial experts, including two former bank CEOs, to be directors as part of the overhaul of its board.
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Financier Bernard Madoff pleaded guilty to swindling billions of dollars. The judge ordered him jailed pending sentencing on June 16.
Commodity prices are down, but farmers are responding by cutting back their production, reducing the chances of lower prices reaching the supermarket.
In a speech to leading CEOs, Obama said he is ready to talk about cutting corporate income-tax rates.
Three executives of a Nebraska car dealership allegedly stole 81 new Toyota and Ford vehicles worth about $2.5 million. The three are in custody, arrested on charges of felony theft.
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European leaders rejected Obama's push for more global fiscal stimulus, saying the problem is lax regulation.
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GE lost its triple-A credit rating, but S&P's downgrade wasn't as bad as expected and GE shares and bonds rallied.
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The world's largest satellite-services companies are posting strong earnings and rising revenues.
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With the economy slowing, more couples are finding that spending tens or hundreds of thousands of dollars on any one day seems wasteful.
Cambodia is expected to get two million visitors this year. An intrepid few are venturing beyond crowded Angkor Wat to the enchanting jungles and lakes of Ratanakiri province.
The president's approval rating is below George W. Bush's in the same period of 2001.
More employers are prodding workers to take voluntary unpaid time off to cut costs -- but the programs can spark anxiety and contention.
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Houses near some of the world's top diving spots -- with ocean views to match.
Cities, counties and states across the nation are launching home-grown stimulus plans aimed at spurring local spending and keeping small businesses afloat.
In "Sunshine Cleaning," Amy Adams and Emily Blunt bring a steadfast sense of truth to the story of two sisters trying to jump-start their lives.
Physicists are learning to make objects disappear by crafting artificial blind spots from strange new fabrics that deflect revealing electromagnetic waves.
Now is an especially good time to buy Swedish glass, as a new generation of artists begins to take art glass into uncharted territory.
Jane Fonda's first appearance on Broadway in 46 years is less than revelatory, as Moisés Kaufman's "33 Variations" asks next to nothing of her.
The Fat Duck, the international shrine to molecular gastronomy, reopened to capacity crowds after shutting its doors following a mysterious outbreak of illness.
Cambodia is expected to get two million visitors this year. An intrepid few are venturing beyond crowded Angkor Wat to the enchanting jungles and lakes of Ratanakiri province.
Hugh Hefner and wife Kimberley Conrad Hefner, who have lived in adjacent mansions since their 1999 separation, are listing Ms. Hefner's L.A. home for $28 million. Photos
Tom Bales has created a high-tech playground -- complete with professional-grade telescope and observatory -- in his family's Florida compound.