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Michael de la Merced

Charges Expected Against Standard and Poor’s

This week civil charges are expected to be filed by the Department of Justice and New York state prosecutors against  Standard and Poor’s, the rating service. Its allegedly rosy ratings for mortgaged backed securities understated the severity of the growing housing crash and may have  actually  contributed to the financial crisis.   The charges also accuse the rating service […]

A.I.G. Considers Bailout Lawsuit

JP Morgan Chase Announces $2 Billion Loss

AT&T Drops T-Mobile Bid

Corzine to Testify Before Congress

Corzine Resigns From MF Global; Hires Criminal Attorney

Former New Jersey governor and Goldman Sachs executive Jon Corzine resigned as chairman and CEO of MF Global, the brokerage firm that filed for bankruptcy on Monday. Corzine has chosen to  forfeit his $12 million severance package. Under Corzine’s leadership, MF Global lost two-thirds of its market value. A federal investigation is now under way after […]

The World

Buffett buys multi-billion dollar railroad

Development & Education

Berkshire Hathaway, the investment vehicle of Warren Buffett, is buying the 77.4 percent of the railroad company Burlington Northern that it doesn’t already own. The deal is being valued at $34 billion, making it the largest deal in Berkshire history.

The World

Car Troubles: Court Blocks Chrysler Sale To Fiat

Global Politics

Thanks to the protest of a group of Indiana-based debt holders, the U.S. Supreme Court issued a stay on the deal to sell Chrysler to Italian carmaker Fiat. Joining us to look at how the Court will proceed Michael de la Merced of the New York Times.