September was the worst month on record for hedge fund performance, but for one legendary player what's going on in the markets now must seem like its coming straight from the gates of hell.
Obama names Commerce head
President-elect Barack Obama plans to nominate New Mexico Gov. Bill Richardson to be secretary of Commerce, a Democratic source told CNN on Tuesday.
FDIC chief: Step up foreclosure prevention
The nation's top banking regulator warned Tuesday that help for troubled homeowners is failing to keep pace with the foreclosure crisis.
$700 billion bailout gets first audit
The first official review of the federal government's $700 billion financial rescue plan said Treasury has yet to address "critical" oversight issues to ensure the plan is working.
Stocks rally after rout
Stocks rallied Tuesday morning as investors scooped up shares hit in the previous session's selloff, in which the Dow lost 680 points on worries about the economy.
Ford unveils turnaround plan
Ford Motor became the first of the three U.S. automakers to unveil its turnaround plans to Congress Tuesday, but the plan contained little in the way of new cost cuts or other changes beyond...
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