Bond turmoil worse than Internet bubble: Bear CFO
NEW YORK (Reuters) - Bond market turmoil sending investors fleeing from risk may be a worse predicament than the 1980s stock market fall and Internet bubble burst, Bear Stearns Chief Financial Officer Sam Molinaro said on Friday.
Clean tech becomes big business
SAN FRANCISCO (Reuters) - Clean technology is evolving from environmental issue to big business, opening a world of opportunities for companies, entrepreneurs and investors who see a chance to -- yes -- clean up, says a new book.
Wells Fargo, other lenders curb mortgage loans
NEW YORK (Reuters) - Wells Fargo & Co , Wachovia Corp and other lenders are limiting mortgages to some of their more creditworthy borrowers as worries about U.S. homeowner defaults widen.
Subprime lender First NLC lays off 645 employees
NEW YORK (Reuters) - First NLC Financial Services LLC, a subprime mortgage lender being sold by Friedman, Billings, Ramsey Group Inc , said on Friday it has laid off nearly half of its 1,350 employees as it combats a slumping housing market.
Nike CEO Parker earns $1.25 million salary in 2007
LOS ANGELES (Reuters) - Nike Inc Chief Executive Mark Parker earned $1.25 million in salary in fiscal 2007, according to a filing, his first full fiscal year as head of the global athletic shoe company.
July job growth slowest in five months
WASHINGTON (Reuters) - The U.S. unemployment rate rose to 4.6 percent in July as employers added jobs at the slowest rate in five months and the government actually reduced its workforce, the Labor Department said on Friday.
Bear Stearns, lender shares fall on credit worries
NEW YORK (Reuters) - Shares of investment banks and lenders sank on Friday as a series of events stoked fears that a slowing U.S. housing market would lead to more mortgage losses and erode earnings.
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