PALO ALTO, California (Reuters) - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six "imperatives." "There is every reason to believe that pure market solutions are not viable," Summers told a Stanford Institute for Economic Policy Research conference. The speech comes against the backdrop ...

NEW YORK (Reuters) - Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book "Liar's Poker," says Wall Street bonuses at banks bailed out by Washington are "a very elegant form of theft." Lewis's latest book "The Big Short: Inside the Doomsday Machine," to be published next week, tells the story of the ...

Shares of Clear Channel Outdoor Holdings Inc. rose Friday after the billboard advertising company posted a smaller net loss for the fourth quarter and beat Wall Street's revenue forecast. Late Thursday, the company announced a net loss of $56.8 million, or 18 cents per share, compared with a loss ...

NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear. As the members of the Economic Club of New York tucked into their wild mushroom bisque and basil roasted chicken at the ornate Grand Hyatt ballroom in Midtown ...