SecondMarket rose to fame by offering investors a way to trade shares of the hot private companies they clamored for. Now many of those startups -- including the private market's Goliath, Facebook -- have gone public or will soon.
Citigroup will pay $158 million to settle charges that its mortgage unit defrauded the Federal Housing Administration by inaccurately claiming that certain mortgages were eligible for government insurance, government officials announced Wednesday.
FORTUNE -- Microsoft will always have its detractors. The truth is that Bill Gates moved away from the company he founded just as the Windows dynasty was being supplanted by rival technologies. That left CEO Steve Ballmer with the thankless task of trying to find a place for Microsoft in an industry where companies like Apple, Google and Facebook seemed to be increasingly setting the agenda.
Just days after unveiling its Model X electric SUV, Tesla Motors boasts that it has already taken orders for $40 million worth of the plug-in crossover.
Even in some of the biggest legal settlements, consumers often walk away with pocket change after the attorneys take their share. Here are five recent cases -- and what the little guys got.
Dim sum bonds may sound like something on a Chinese brunch menu, but they're actually one of the hottest investments to come out of the world's second-largest economy.
U.S. stocks were mixed early Wednesday as investors were encouraged by better-than-expected European economic data and China's support for the eurozone, but kept a wary eye on developments in Greece.
LightSquared's plan to become a fifth major nationwide wireless carrier hit a major snag this week, after government regulators said they would continue to bar the company from launching its network.
Dim sum bonds may sound like something on a Chinese brunch menu, but they're actually one of the hottest investments to come out of the world's second-largest economy.
FORTUNE -- It was supposed to be a savior. AOL's hyperlocal news venture Patch was created to fill the void left by the death of local newspapers around the country. Finding a dearth of online news in his Riverside, Connecticut hometown, Tim Armstrong co-founded Patch in 2007. Embedded editors would file local news and maintain neighborhood activity calendars; the local ad market was largely untapped, or so went the thinking. When Armstrong took the helm of AOL in 2009, the company acquired Patch for an estimated $7 million, making it a cornerstone of its transformation into an online media firm.
Greece's problems aren't all about debt. They're about competitiveness, and changing the arcane rules in areas from the cruise industry to pharmaceuticals would help it reboot its economy.
The dependability of cars is continuing to improve, according to a new survey by J.D. Power and Associates and domestic brands, in particular, are narrowing the gap in quality compared to the Japanese automakers.
I'm 38 and just rolled $120,000 into an IRA. I'm trying to decide whether I should invest it on my own or pay an investment firm a fee to do it for me. I'm inexperienced, so I really don't even know what information I should factor into this decision. Any suggestions? -- Trevor S.