With news coming from Athens, from Cupertino, from Madison Square Garden, and beyond, the S&P 500 ends the week at a multiyear high, while, despite a failure to hold the 13,000 mark, the Dow industrials join the S&P in a 0.3% advance. Nasdaq rises 0.4%.
What good is private equity, anyway? Critics say these investment pools make money the wrong way -- buying "target companies," slashing jobs, piling on debt and selling the remnants, which by then are doomed to fail. Defenders say PE is a strong creator of jobs and value, and a vital source of outsized returns for pension funds, university endowmen […]
After toppling long-standing regimes, destabilizing others and grabbing the world's attention, the Arab Spring's protestors most likely remain amazed at the far-reaching effects of their actions in early 2011. Although their demands in Tunisia and Egypt were focused squarely on long-term economic and political betterment, they also had an immediate […]
Whereas poor entrepreneurs were at one time unable to get even one loan, now they frequently can get three or four. And that's a problem, according to participants in the 3rd Annual Women's World Banking Advanced Leadership Program, which took place last week at Wharton Executive Education. Too many loans can cause clients to "drown themselves […]
As of Monday, Raf Simons will no longer be working for Jil Sander. His abrupt departure was announced on Thursday, after rumors of a break - and the return of Jil Sander herself.
Rising gas prices are fueling consumer anger and election-year politics, but so far they have done little to damp optimism about the U.S. economic outlook.
There's growing momentum to boost the resources of the International Monetary Fund to help the euro zone build a financial firewall, OECD head Angel Gurria said.
Albino D'Amato decided not to do a formal show this season. The French-Italian designer is in the middle of a move to Paris after seven years in Milan, so he's scaling back and regrouping. His Fall collection is its own kind of homecoming. The designer studied architecture and industrial design in school, and his earliest collections were full of t […]