Standard & Poor's is the subject of a US investigation over a rating it issued in 2007 on the eve of the financial meltdown, according to the agency's parent company McGraw-Hill.
Goldman Sachs is mulling drastic spending cuts as it braces for what could be one of its worst quarterly reports since it went public more than a decade ago, the New York Times reported Tuesday.
NEW YORK — Piles of cash built up since the financial crisis have left big US companies sitting pretty as financial markets gyrate, but their reluctance to invest is holding back US growth.
WASHINGTON (Reuters) - The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup.
Historic US legislation to overhaul the rules on Wall Street took a big step Monday towards final passage as a holdout Republican senator said he would vote for the White House-backed bill.
