The Latest

The majority of banks and financial services companies bailed out by the Troubled Asset Relief Program are probably in worse condition than publicly disclosed, according to an new study.

An analysis of charitable foundations set up by professional basketball players found that many of them spend only a fraction of their money on charitable activities.

Tax and accounting software vendor Intuit made BusinessWeek's list of the World's Most Influential Companies.

Freddie Mac has named Raymond G. Romano as chief credit officer as the tarnished mortgage capital provider seeks to restore its reputation.

Hopefully there will be many lessons learned from the Bernard Madoff scandal once there is a better understanding of exactly what happened. I am sure there will be a number of in-depth books written on the subject. There will be chapters on asset allocation, due diligence, risk management, the SEC, internal operations of investment companies, compliance officers, investment advisors, fund of funds, hedge funds, auditors, peer review, whistleblowers, independent custodians, lawsuits, transparency, and regulatory change. All of the above are very interesting, but the chapter that I am most interested in is the one on human nature.

Noted cowboy philosopher, musician, author and sometime gubernatorial hopeful, Kinky Friedman, recently voiced his rather definite opinion on the government’s ability to run things.

A group of 61 members of Congress has written to President Bush asking him to suspend rules that require senior citizens to withdraw money from their severely depleted retirement accounts by the end of the year.

CEOs at many companies are earning a greater proportion of their compensation in the form of stock, but they're still getting more cash than ever, according to a new study.

PricewaterhouseCoopers believes that M&A activity will be dominated in 2009 by "mergers of necessity" as distressed companies seek the protection of more stable parents.

Figtree Software has released Figtree Sales Analysis, a management decision-making tool for businesses that use AccountMate software.