University Of Chicago News
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Almost three years ago, when Goldman Sachs Group Inc. paid $550 million to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty Corp. in a horribly complex deal named Abacus.
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Williams College, ranked first among U.S. liberal-arts schools, plans the biggest borrowing in its 220-year history as education debt trails the $3.7 trillion municipal market by the most since 2010.
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The wealth effect from rising house prices may not be as effective as it once was in spurring the U.S. economy.
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Retailers including Best Buy Co. and JC Penney Co. lost a bid in court to invalidate patents owned by a Texas licensing company over prepaid electronic gift cards.
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Stanford University and the University of Chicago, among the 10 highest-ranked U.S. schools, plan to offer tax-exempt revenue bonds amid the biggest rally this year in the $3.7 trillion municipal-debt market.
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U.S. Treasury Secretary Jacob J. Lew will meet tonight with Wall Street executives after convening several economists earlier this week to discuss challenges facing the labor market including long-term unemployment.
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President Barack Obama said he is nominating Penny Pritzker, the Chicago businesswoman, philanthropist and Hyatt Hotels Corp. heiress who led record fundraising for his 2008 campaign, as secretary of commerce.
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President Barack Obama has worked to avoid racial politics during much of his presidency. Now, the structure promoting his legacy is at risk of getting caught up in them.
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Wall Street’s self-regulator announced today that it has hired a chief economist who will for the first time shape a formal process for measuring the costs and benefits of new regulations.
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Former Goldman Sachs Group Inc. executive Fabrice Tourre lost a bid to bar a recorded 2007 phone call from a July 15 trial of U.S. Securities and Exchange Commission claims that he misled investors in a collateralized debt obligation.
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