Charlie Herman

Business and Economics Editor

Charlie Herman appears in the following:

Pfizer Plans NYC Layoffs

Tuesday, May 11, 2010

Drugmaker Pfizer confirmed Tuesday that it will relocate or lay off workers in its New York City office. While a company spokesman would not confirm the number of employees affected, Pfizer stressed it will keep its headquarters on 42nd street near Grand Central Station, even as it plans to sell ...


Stock Markets Volatile, After Turbulent Day

Friday, May 07, 2010

Markets fell sharply today following a huge sell-off on Wall Street yesterday.


Goldman Sachs to Conduct Comprehensive Review

Friday, May 07, 2010

At the bank’s annual meeting, Lloyd Blankfein told Goldman Sachs shareholders that the firm, under fire from critics on all sides, will undertake a comprehensive review of its business practices.

“Questions have been raised that have gone to the heart of our most fundamental value, how we treat our clients,” ...


Markets Plunge Before Bouncing Back

Thursday, May 06, 2010

Reminiscent of the chaotic last days of 2008, fear once again gripped Wall Street on Thursday as investors worried that Greece's debt crisis could spread throughout Europe.

At one point, the Dow Jones Industrial Average was down more than 992 points, the biggest intraday drop on record. Depending on the time, ...


Senator Carl Levin on the Wall Street Crisis, Junk Bonds and Michigan Foreclosures

Friday, April 30, 2010

We speak with United States Senator Carl Levin (D-Mich.) on how the actions of bankers on Wall Street directly affected the lives of homeowners living on Main Street. Credit default swaps, collateralized debt obligations and the mechanics of the murky mortgage markets are contributing to the media buzz surrounding the President’s call for Wall Street reform legislation. But it's easy for some of the truly important parts of the debate to lost in a sea of accusations.