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NEW YORK (AP) — Stocks are moving lower following the release of the minutes of the Federal Reserve's January policy meeting. The minutes show that officials agreed further gradual reductions in their stimulus would be appropriate as long as the economy keeps improving. They discussed the need to stress that the Fed's key short-term interest rate would remain near zero, but they couldn't agree on how to modify their commitment to keep the rate near zero "well past" the time unemployment falls below 6.5 percent.
A U.S. Bankruptcy Court judge has approved Lehman Brothers Holdings Inc.'s $767 million settlement with Freddie Mac — an agreement that releases hundreds of millions of dollars to return to the failed investment bank's creditors.
WASHINGTON (AP) -- Senate leaders announced last-minute agreement Wednesday to avert a threatened Treasury default and reopen the government after a partial, 16-day shutdown. Congress raced to pass the measure by day's end.
SARASOTA – This weekend marks five years since an event that helped trigger the economic crash into the great recession.
NEW YORK (AP) -- The Dow has never been higher.
NEW YORK (AP) -- The Dow closed above 14,000 on Friday for the first time in more than five years.
SANTA MARIA, Brazil (AP) -- There was no alarm, no working fire extinguisher, no sprinkler and almost no escape from the nightclub that became a death trap for more than 200 Brazilian college students.
The world of a Wall Street trader looks intimidating from afar. All those numbers, all those abbreviations, all that money, all that risk.
Jared Dillian, author of "Street Freak," worked on Wall Street as a Lehman Brother trader from 2001 to 2008.
"Street Freak" by Jared Dillian portrays Wall Street excesses before the collapse of Lehman Brothers.