ProPublica Staff United States (ProPublica) – by Cora Currier According to the Wall Street Journal, the Securities and Exchange Commission has warned a top banker that it may bring civil charges against him for his role in creating a risky collateralized debt obligation, or CDO, that exploded spectacularly as the housing market crashed. It’s the [...]

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – World Bank President Robert Zoellick plans to leave his post after five years when his term expired on June 30. Zoellick began his term under President George W. Bus. He previously served the Bush administration as deputy secretary of state and U.S. Trade [...]

Diane Alter – AHN News Reporter Brussels, Belgium (AHN) – Greek politicians have reached a deal that will help the financially ailing Mediterranean country avoid a messy default. Political leaders struck a deal for a package of austerity measures Thursday. The move clears the way for a swap to cut the nation’s debt and secure [...]

Diane Alter – AHN News Reporter Washington, D.C., United States (AHN) – Roseanne Barr has filed the official paperwork necessary to run for the Green Party nomination for president of the United States. Barr filed her paperwork with the Federal Election Commission on Jan. 25. Her filing creates a four-way race for the Green nomination, [...]

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Wall Street opened lower Friday after a report showed that the U.S. economy expanded less than forecast.. Just after the opening bell, the Dow Jones Industrial Average was lower by 33 points, the Standard and Poor’s 500 Index was flat and the [...]

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Wall Street opened mixed to lower Friday morning following earnings reports from General Eclectic and Google that disappointed. Just after the opening bell, the Dow Jones Industrial Average was flat, the S&P 500 Index was down 3 points and the NASDAQ fell [...]

Diane Alter – AHN News Reporter Atlanta, GA, United States (AHN) – Oh how the tall and mighty have fallen. Atlanta’s tallest building, Bank of America Plaza, a tower bought at the market peak, has been struggling with rising vacancy rates and a heavy debt load. A foreclosure date has been set for the storied [...]

Diane Alter – AHN News Reporter Berlin, Germany (AHN) – In an auction Monday, Germany sold $4.96 billion of six-month bills that had a average yield of negative 0.0122 percent. The sale marked the first time on record that yields at a German debt auction moved into negative territory. The sale basically means that investors [...]

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Last year was turbulent, trying and tumultuous for global stocks and commodities, And for many investors and traders, 2011 couldn’t end soon enough. In the final trading day of 2011, the Dow Jones Industrial Average closed down 69 points, but managed to [...]

Linda Young – AHN News Writer Rome, Italy (AHN) – Italy’s borrowing rate came down slightly at its latest bond auction, but still remained high with investors worried over the eurozone debt crisis. Interest rates on 10-year bonds dropped by only 0.5 percentage points from the yield prices on debt auctioned in November. However, economists [...]

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Friday after a mixed November durable goods orders report that showed a 3.8 percent increase, the most in four months. In light trading, just after the opening bell, the Dow Jones Industrial Average was up 15 points, the [...]