A computerised display of the FTSE 100 index in London. Global share prices crumbled Friday and investor anxiety mounted as political wrangling blocked a deal to save the US finance sector, a big US bank collapsed and a European institution showed signs o

Four months ago, judging myself to be the next Warren Buffett, I logged on to my Charles Schwab account and did something that in hindsight was astonishingly stupid: I bought shares of Citigroup.

May 6 (Bloomberg) -- European stocks fell for a second day after UBS AG lost $17.3 billion in its investment banking unit and Swiss Reinsurance Co. 's profit missed analysts' estimates, renewing concern that the crisis in credit markets will deepen.

Dreman/Claymore Dividend & Income Fund (the "Fund")(NYSE: DCS), a non-diversified closed-end management investment company, today announced a partial at-par redemption of its outstanding Auction Market Preferred Shares, liquidation preference $25,000 pe

Stocks fell sharply on Friday with the Dow closing below 12,000 for the first time since mid-March as rising oil prices and warnings of more mortgage-related write-downs at banks reignited investor fears of worse to come.