Yahoo! Finance News – Ben Bernanke, Stephen Massocca, Paulson & Co., Ford Motor Co, Bernanke: Shadow Banking System Still Poses Risks
Federal Reserve Chairman Ben Bernanke said on Friday that the shadow banking system continued to pose a threat to financial stability, and that bank funding markets might still not be able to cope with a major default.
S&P 500 Breaks String of Record Closes
The S&P 500 broke a five-day string of record closing highs on Thursday, ending a fairly volatile session lower as recent momentum lost steam and Apple shares declined.
Paulson Hedge Fund Puts Hotel Unit in Bankruptcy to Escape Lawsuit
Billionaire investor John Paulson has put a real estate unit of his hedge fund into bankruptcy to thwart a lawsuit.
Ford Tells Shareholders to Be Patient About Stock Price
The executive chairman of Ford Motor Co asked for patience from investors who pressed him about the company’s languishing stock price at the automaker’s annual meeting.