Biotech, cancer, deals Luke Timmerman wrote: The recession will surely kill off some biotech companies that lack hard cash and the hard data that shows their experimental drugs can improve patients’ lives. But after I heard Seattle Genetics CEO Clay Siegall tell the story of how his company ra...

JP Morgan Chase has "plenty of capital" and wants governments to stop talking about nationalising banks according to its chief executive....

Seven trillion dollars. That's how much wealth evaporated from the stock market last year....

Citigroup's support for a plan to let bankruptcy judges modify the terms of troubled mortgages and help borrowers avoid foreclosure left its banking industry counterparts on the defensive yesterday, insisting that the plan would do more harm than good....

Third of three parts The contracts were flying out of AIG Financial Products. Hardly anyone outside Wall Street had ever heard of credit-default swaps, but by early 2005, investment banks were snapping them up to insure all kinds of deals in case of default, fueling one of the great financial boo......

1. Weekly Standard editor and New York Times columnist William Kristol was hardly alone in thinking that the Democratic primary was Clinton's to lose, but it took a special kind of self-confidence to make a declaration this sweeping more than a year before the Iowa caucuses. After Iowa, Kristol......

Treasury Department officials were working the telephones yesterday to make sure that Freddie Mac, one of the nation's two troubled mortgage giants, will be able to sell $3 billion of its securities tomorrow in a previously scheduled sale that has now become a crucial test of investor confidence....

Four months ago, judging myself to be the next Warren Buffett, I logged on to my Charles Schwab account and did something that in hindsight was astonishingly stupid, even for my own very long roster of financial screw-ups. I clicked over to the trading page and bought shares of Citigroup....

When times were sunny, banks promised scores of companies money for a rainy day. Now that day is here — and the banks, hard pressed themselves, are worried they will have to keep their promises. With the economy struggling, some corporations are starting to tap so-called revolving lines of credit ...

One is a free-market Republican from Wall Street with roots in the rural Midwest and a passion for bird-watching. The other is a rumpled, union-hall Democrat from Bayonne, N.J., who once famously described himself as "a left-handed, gay Jew."...