Stories by Daniel Wagner

Wednesday, March 20, 2013

Stocks rise on Fed, Cyprus news

Fear of a revived debt crisis in Europe faded from the stock market Wednesday, freeing the Dow Jones industrial average to touch an all-time high.
By Daniel Wagner

Thursday, March 7, 2013

Icahn bucks Dell buyout plan

A proposed buyout of computer maker Dell Inc. appeared less likely Thursday after activist investor Carl Icahn said Dell should remain a public company and reward shareholders with a big, one-time ...
By Daniel Wagner

Sunday, March 3, 2013

Payroll tax increase: Killer whale or red herring?

Companies are rushing to blame problems on higher Social Security taxes that took effect in January. But experts and analysts say that's only part of the story.
By Daniel Wagner

Tuesday, Feb. 5, 2013

S&P expects suit over its mortgage ratings

The U.S. government is expected to file civil charges against Standard & Poor's Ratings Services, alleging that it improperly gave high ratings to mortgage debt that later plunged in value and ...
By Daniel Wagner

Monday, Nov. 19, 2012

Stocks rise on hopes for budget deal, Europe

Since President Obama and a divided Congress were returned to power Nov. 6, the Dow had fallen six out of eight days and slid a total of 650 points.
By Daniel Wagner

Wednesday, Nov. 7, 2012

Dow falls 313

The Dow Jones industrial average plummeted as much as 369 points, or 2.8 percent, in the first two hours of trading. It recovered steadily in the afternoon, but slid into the close and ended down ...
By Daniel Wagner

Wednesday, Oct. 17, 2012

Citigroup CEO resigns

Vikram Pandit, who steered Citigroup through the 2008 financial crisis and the choppy years that followed, abruptly left the bank Tuesday, stepping down as CEO and as a director.
By Daniel Wagner

Monday, Sept. 24, 2012

Feds order Discover to refund $200M to cardholders

Discover Bank will pay millions in fees to settle accusations by regulators that it pressured credit card customers to buy costly add-on services like payment protection and credit monitoring.
By Daniel Wagner

Wednesday, July 18, 2012

Capital One to pay $210 million for marketing tactics

Capital One Bank was ordered to repay millions of credit card customers allegedly tricked into buying costly add-on services.
By Daniel Wagner

Friday, July 13, 2012

JPMorgan traders may have sought to conceal losses

JPMorgan's black eye nears $6 billion as bank says traders might have tried to conceal losses.
By Daniel Wagner

Wednesday, May 30, 2012

Europe worries stalk Wall Street; Dow loses 161

Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday.
By Daniel Wagner

Thursday, May 10, 2012

JPMorgan Chase reports huge loss

JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks.
By Daniel Wagner

Wednesday, May 9, 2012

US stocks fall on Europe doubts

Fear of European debt is once again playing havoc with Wall Street.
By Daniel Wagner

Sunday, Jan. 22, 2012

Tech stocks make gains in new year

Experts say the Nasdaq's gains reflect long-term currents that could lift tech stocks through 2012 and beyond.
By Daniel Wagner

Thursday, Dec. 22, 2011

Economy seeing positive signs

WASHINGTON - In in the latest sign that the economy is surging at year's end, unemployment claims have dropped to the lowest level since April 2008, long before anyone realized that the nation was ...
By Daniel Wagner

Wednesday, Oct. 19, 2011

Citigroup will settle, pay out $285 million

Citigroup has agreed to pay $285 million to settle civil fraud charges.
By Daniel Wagner

Sunday, Nov. 7, 2010

Small banks failing; larger firms recover

U.S. banks are failing at the fastest rate in two decades. No, the financial crisis hasn't returned. Wall Street doesn't need another bailout.  
By Daniel Wagner and Marcy Gordon

Friday, April 23, 2010

Watching porn instead of finances

WASHINGTON  - Republicans are stepping up their criticism of the SEC following reports staffers surfed porn sites on government computers.
By Daniel Wagner

Wednesday, Jan. 27, 2010

Geithner draws fire on AIG bailout role

WASHINGTON --- Democrats and Republicans alike pummeled Treasury Secretary Timothy Geithner on Wednesday over his role in the $180 billion bailout of insurance giant AIG Inc., venting public anger ...
By Daniel Wagner and Tom Raum

Tuesday, June 30, 2009

Meltdown 101: Risks of another Madoff-style scam

WASHINGTON - Monday brought some closure to Bernard Madoff's victims, who were swindled out of $65 billion in the largest recorded financial fraud - a scheme that was exposed in part because the ...
By Daniel Wagner
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Early voting in Augusta-area shows increase
Area early voting numbers are dwarfing turnout four years ago, particularly in Republican-leaning Columbia County, and forecast apossible record voting year for the Augusta area.