Bad Paper

While not recommending that homeowners forgo their responsibilities, Professor Brent White told CNBC  that there is a different set of rules for the businesses and homeowners.

In its first public comments since a crisis erupted over the liabilities of its public companies, Dubai’s department of finance has clarified that it will not guarantee the debts of Dubai World, a state-owned entity

France and Germany are under pressure to raise the number of troops they have in Afghanistan after decisions by the Obama administration and several Nato powers and US allies to commit to a major new deployment

A prominent Kuwaiti conglomerate is suing the Carlyle Group in a local court, alleging that the US private equity firm misrepresented the safety of its affiliate, Carlyle Capital Corp, a public debt fund that collapsed in March 2008

Industrial companies operating in the US are warning that they will face a heavy regulatory burden should US Congress fail to pass climate change legislation

NEW YORK (Reuters) – U.S. stocks rose on Monday, helping the Dow post its fifth straight monthly gain, on hopes that possible fallout from Dubai’s debt woes will be contained.

DUBAI (Reuters) – The Dubai government said on Monday it wasn’t responsible for the debts of Dubai World, dealing a blow to creditors’ assumptions that the Arab emirate would guarantee the conglomerate’s liabilities.

NEW YORK (Reuters) – U.S. stocks declined moderately on Monday as weak data on holiday retail sales prompted questions about the consumer’s ability to spend.

(Reuters) – U.S. stock index futures were slightly higher early on Monday, following the previous session’s sharp retreat, with futures for the S&P 500 up 0.22 percent, Dow Jones futures up 0.13 percent and Nasdaq 100 futures up 0.24 percent at 0855 GMT.

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LOS ANGELES (AP) — When a Los Angeles hairstylist accepted a collect call from a customer, she had no idea it would run more than $45. And no idea that’s just what collect calls from pay phones cost in the mobile age….

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In keeping with Warren Buffett’s long-term way of looking at things, we bring back our timeless and time-tested predictions to mark the coming new year.

In its first public comments since a crisis erupted over the liabilities of its public companies, Dubai’s department of finance has clarified that it will not guarantee the debts of Dubai World, a state-owned entity

Barack Obama will attempt to satisfy both sides of the Afghanistan debate when he unveils his long-awaited strategy for the war at a speech at West Point military academy on Tuesday night.