Archive for May 8th, 2008

Fortress Investment Group reported Thursday a sharp decline in earnings as its core hedge fund business felt the effects of Wall Street's market swoon.

Facebook, the world's second-largest social networking Web site, will add more than 40 new safeguards to protect young users from sexual predators and cyberbullies, attorneys general from several states said Thursday.

What a difference a year makes for private equity.

Flag-waving American loyalists were heartened to see the announcement that Toyota's January-to-March profit sank 28%. It provided evidence that even mighty Toyota can't escape the Four Horsemen of the Apocalypse - the deadly combination of high fuel prices, surging raw material costs, the global credit crunch and a strong yen.

SUNNYVALE, Calif. -- For many Yahoo employees, it was business as usual at the Internet company's Silicon Valley headquarters this week.

The Boston-based institutional money manager shrugged off questions Thursday about its possible legal exposure to bad bets in the subprime market.

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Read full story for latest details.

Retail gasoline prices have jumped to new record high, auto group AAA's Web site showed Thursday.

Americans remain split on whether homeowners about to default on their mortgages should receive special treatment to help them keep their houses, according to a new CNN/Opinion Research Poll.