Lost amid the talk about Goldman Sachs being a vampire squid and making money from the subprime mortgage bust is the fact that the firm lost $6 billion trading, of all things, its own stock. Yes, …

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How Goldman Lost Money Trading Its Own Stock

If there’s any lesson from the downfall of Detroit’s carmakers over the past several years, it’s that it’s that the smart money can’t find an easy solution to Motown’s woes. When private equity giant Cerberus Capital Management said it would buy …

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A Motown headache for Cerberus

NEW YORK (Reuters) – U.S. stocks fell on Monday as concerns about the global economy’s health weighed on Wall Street following a sell-off in Chinese equities.

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Wall Street slips on China sell-off; energy, banks slide

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Poll: Is Marvel a Good Deal for Disney?

GE chief Immelt says the U.S. should aim to have manufacturing jobs make up 20% of total employment. Is that realistic?

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Trying to Revive U.S. Manufacturing

From 2006 through 2008, the supposedly smartest shop on Wall Street lost $6 billion trading, of all things, its own stock. Goldman bought high and sold low, says BW’s David Henry

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Goldman Sachs: Not So Smart After All

We are closing in on the one-year anniversary of the collapse of Lehman Brothers.

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After Lehman: What Lessons Have Investors Learned?

Roseland-based Automatic Data Processing has purchased a Hoboken-based payroll company that focused on small businesses. First Priority Pay CEO Jerry Carter Jr. said the transition will be completed at the end of the year. He would not disclose the terms…

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ADP buys Hoboken-based First Priority Pay

LOS ANGELES (Reuters) – Plane maker Boeing said on Monday that Scott Carson, commercial airplanes chief, is retiring and will be replaced by Jim Albaugh, effective on Tuesday.

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Boeing names Albaugh to head commercial plane unit

I did some shopping yesterday for the first time in more than three months. And it felt strange.

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Shopping in a Recession

Indexes ended an otherwise strong August on a down note Monday after China’s benchmark index tumbled 6.7%

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U.S. Stocks Finish Lower

After giving the stock market solid gains during August, investors still worried about the economy backtracked a bit during the final day of the month. Stocks fell in light trading Monday after a plunge in China’s main stock market sent a wave of selling…

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China – Business – Investing – United States – Futures contract

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Stocks end strong month with a bout of selling

Brazil’s president pledged to exert more state control over immense offshore oil finds and funnel profits toward social spending, proposing new rules Monday for foreign investors needed to tap deeply buried reserves.

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Brazil Boosts State Control for New Oil Finds

CHICAGO (Reuters) – A cluster of U.S. regional reports on Monday showed business picking up steam in August, suggesting the national economy is finally breaking free of its deep recession.

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Regional surveys show U.S. economy is picking up

U.S. Sen. Charles Grassley says he remains hopeful a limited health care reform package can be negotiated. But the Iowa Republican says he believes a small group negotiating the issue agrees a government-run public option won’t be part of the package….

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Chuck Grassley – United States – Republicans – Healthcare reform – Iowa

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Sen. Grassley hopeful on limited health reform