Banking, Finance & Services

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The leader of one of India's largest technology outsourcing companies, Satyam Computer Services, on Wednesday admitted cooking its books and committing other grave financial wrongdoing to inflate profits over several years. The revelation shook India's stock market and sent shockwaves across the country's booming software industry. Read More

In a glimpse at how the nation's loss of more than 600,000 manufacturing jobs this year is boiling over, workers laid off from Republic Windows and Doors, said they would not leave, after company officials announced that the factory was closing. The workers were owed vacation and severance pay and were not given the 60 days of notice generally required by federal law in lay-offs. Read More

As public scrutiny of Wall Street pay intensifies, one bank has already decided what it will award in bonuses to its top seven executives this year: nothing. Read More

As the Federal Reserve and Treasury Department careen from one financial meltdown to another, desperately trying to hold together the financial system -- and with it, the U.S. and global economy -- there are few voices denying that Wall Street has suffered from "excesses" over the past several years. Read More

In a move that could reverberate throughout the fund industry, the nation's second-largest pension fund is considering lifting a nearly eight-year ban on tobacco investments. Read More

When U.S. troops or embassy officials want to investigate Iraqis - such as interrogating prisoners, the principal intermediary is a Manhattan based-company named L-3. The company has just lost its biggest contract for failing to recruit qualified translators, and is also being investigated for human rights abuses. Read More

In the last two years, Robert K. Steel has been co-chairman of one commission that claimed heavy-handed regulation was stanching financial innovation and another that argued that hedge funds could police themselves. Read More

Over the last 50 years, a network of cronies helped former Indonesian president Suharto build a business empire and amass a multi-billion dollar fortune. Today his successors face an uphill battle to recover the money even after his death. Read More

The CEOs of three-quarters of the world's 100 largest companies have just completed an uncomfortable weekend at the tiny Swiss ski resort of Davos, while their companies' share prices nosedived on global stock markets, amid concern that the U.S. economy is staggering towards recession. Read More