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- a collective name for the U.S. financial industry
- Wall Street definition on BNET »
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- Wall Street Loves Obama
- Wall Street is coming on strong for Barack Obama in this year's presidential campaign donation race. Big investment firms such as Goldman Sachs and J.P. Morgan favor Obama over John McCain by margins of roughly four or five to one. So states a recent report by Chief...
- Blog posts 2008-07-18
- Earnings Up at Gap Inc.
- Yesterday Gap Inc. reported that second quarter net income jumped 19% due to belt tightening measures including job cuts and a decrease in inventory. The company also plans to buy back $1.5 billion in shares. New CEO Glenn Murphy, who's been on the job for just four weeks, answered questions...
- Blog posts 2007-08-24
- Tracing Missing Madoff Money
- Victims who have lost massive amounts of money due to Bernie Madoff?s infamous Ponzi scheme are now desperately searching for their missing investment funds. Priya David reports.
- Videos 2009-03-15
- Is Bernanke A Good Coach?
- As the rally on Wall Street ended with a near six point loss, how has Federal Reserve Chairman Ben Bernanke's rare 60 Minutes interview impacted the economy and Wall Street. Anthony Mason reports.
- Videos 2009-03-16
- Fury Over AIG Bonuses
- Seventy-three AIG executives were given bonus checks worth $1 million or more. The company has received nearly $200 billion in tax dollars to stay afloat. Nancy Cordes reports.
- Videos 2009-03-17
- Ponzi Scheme Victims Speak Out
- Katie Couric speaks with several investors who lost substantial amounts of money in a Ponzi scheme orchestrated by Wall Street financier Bernie Madoff, who recently pleaded guilty to fraud charges.
- Videos 2009-03-12
- AIG's Relationship With Obama
- Press secretary Robert Gibbs insisted that President Obama's outrage over AIG's spending was real. But, as Chip Reid reports, his economic team signed off on the controversial bonuses.
- Videos 2009-03-17
- New Rules For Madoff Victims
- Infuriated investors who lost massive funds due to Bernie Madoff's Ponzi scheme may receive some of their money back. As Randall Pinkston reports, the IRS has issued new guidelines for fraud victims.
- Videos 2009-03-17
- Obama Angered By 'Excess'
- President Obama said that he's not only angered by the AIG bonuses, but by Wall Street's culture of excess. But, as Chip Reid reports, Obama took responsibility, saying "the buck stops with me."
- Videos 2009-03-18
- AIG Asked To Return Bonuses
- The CEO of AIG told Congress that employees who received six-figure bonuses will have to return at least 50 percent. But, as Nancy Cordes reports, this may not satisfy lawmakers or the public.
- Videos 2009-03-18
- Salvaging Troubled Banks
- With toxic assets being cleaned up and a huge Wall Street rally, is the economy finally getting back on track? Katie Couric spoke with Liz Ann Sonders, chief investment strategist at Charles Schwab.
- Videos 2009-03-23
- Partying And Bailout Bucks
- Northern Trust Bank threw a lavish party after receiving $1.6 billion in taxpayer's bailout money. The bank says bailout funds were not used and the event put people to work. Bill Whitaker reports.
- Videos 2009-04-15
- World Markets Tumble
- Financial experts say investors need a clearer sign from Washington before committing capital, now that the Dow has dropped 19 percent since January.
- Videos 2009-02-24
- Stocks Hit 12-Year Low
- Katie Couric speaks with Anthony Mason about the Dow Jones hitting its lowest level since 1997 and further turmoil on Wall Street.
- Videos 2009-02-23
- Banks Behind Wall Street Scare
- The Dow's triple-digit tumble was led by the country's biggest financial institutions. Anthony Mason reports on how Wall Street is responding to the possibility of the U.S. nationalizing banks.
- Videos 2009-04-15
- Nationalizing U.S. Banks?
- The idea of the federal government taking control of failing banks is a scary proposition to many. As Katie Couric reports, it would keep banks open, but is government bureaucracy the wrong medicine?
- Videos 2009-04-15
- Learning from Japan's Gaffes
- The U.S. is not the only nation to face a massive recession. As Barry Petersen reports, Japan suffered an economic crisis during the 1990's, and there were setbacks with their version of a stimulus.
- Videos 2009-02-15
- Wall Street Backlash
- President Obama's executive pay cap for companies that receive federal funds is the first step to retain control of bailout money. Jeff Glor reports.
- Videos 2009-04-15
- Obama Cautious On Bank Plan
- With the Treasury Dept. taking stock of the "toxic assets" affecting many troubled banks and a huge Wall Street rally, the White House remains cautiously optimistic. Chip Reid reports.
- Videos 2009-03-23
- Madoff To Plead Guilty
- Bernard Madoff is expected to plead guilty to orchestrating one of the biggest frauds in U.S. history. Madoff insists he acted alone but prosecutors believe he had help. Armen Keteyian reports.
- Videos 2009-03-11
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