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Lehman Was Set To Pay 50 Execs $700 Million Just A Year Before Collapse

Critics say the compensation packages underscore how dangerously out of touch Wall Street was in the years leading up to the financial crisis and Great Recession.

Is Moderate Growth Good For The Economy?

Growth will remain low and consumers will be cautious as long unemployment stays high, economists say. And as long as consumers remain frugal, companies will be reluctant to hire aggressively. But is a modest rate of growth of 2 percent to 3 percent better for the U.S. in the long run?

Bidding Wars Return To Real Estate

Sales of previously owned homes are up more than 10 percent from last year, according to The Wall Street Journal. At the same time, the number of homes for sale is at the lowest levels in years. The result, say many real estate firms, is that most of the offers being made these days come with competing bids.

Amazon's Profits Exceed Wall Street's Expectations

Online retailer posted first-quarter profits Thursday that beat analysts' estimates. Its total profits last quarter were $190 million. Shortly after the numbers were released, Amazon's stock shot up 15 percent.

Dilemma For European Banks: Clean Books Or Lend?

European banks' efforts to clean up their balance sheets could actually end up hurting the continent's already-battered economy, the International Monetary Fund warns. Banks may be afraid to lend, which would hit troubled countries like Italy and Spain hard.

When Should A Country Abandon Its Own Money?

More people use Disney Dollars than Iceland's krona. Is it time to give up on the currency?