SEC Reported Not Charging Lehman; Schapiro Statement Disputed

The staff of the U.S. Securities and Exchange Commission has concluded its investigation into Lehman Brothers Holdings and will not likely recommend charges, according to the excerpt of a memo.

Facebook IPO

Facebook Market Makers Losing At Least $100 Million

Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other tra...

Running of the Bulls 2011 in Pamplona, Spain

Is Germany Next? Investors Flee Madrid's CDS For Berlin

Investors are increasingly making a "flight to quality" as they pull out of credit-default swaps hedges on Europe's primary index as well as the ...

Ettore Gotti Tedeschi

President Of Vatican Bank Forced To Resign

A source in the bank did not provide the reasons behind the dismissal.

How Much Did Facebook’s Bankers Rake In For The Mega-IPO?

Facebook (Nasdaq: FB), the No. 1 social network, didn’t just set records for enriching inside investors like CEO Mark Zuckerberg, COO Sheryl Sandberg, Accel Partners and Digital Sky Technologies.

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Aerospace

  • NASA reveals passenger plane designs for 2025

    NASA reveals passenger plane designs for 2025

    On the heels of MIT's design for the plane of the future, National Aeronautics and Space Administration (NASA) has given a sneak peek into some of the new ideas they have slated for the not-so-distant future.

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