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No doubt about it, December started out poorly, with the Dow Jones Industrial Average dropping 680 points, or 7.7%.

Legg Mason Inc. will take $316 million in after-tax charges to shore up money-market funds in the quarter that ends Dec. 31. (LM)

A biotech executive pleaded guilty Monday in federal court to charges stemming from submitting a fake audit report to the National Institutes of Health (NIH), the U.S. Department of Justice announced.

Among the companies whose shares are expected to see active trade in Tuesday's session are Staples Inc., Sears Holdings Corp., and Marvell technology Group Ltd.

SAN FRANCISCO, CA (MARKET WIRE) Kearny Venture Partners has hired Andrew Jensen as Chief Financial Officer, the firm announced today.

An industrial property portfolio stretching from Fremont to San Jose has been sold for $68 million to Intercontinental Real Estate Corp.,

A federal bank regulator recently accused the management of OneUnited Bank, one of the largest black-owned banks in the country, of running an unsound lending operation and ordered a top-to-bottom review of executive perks that included a 2008 Porsche and a housing allowance for a beach-front home in California.

Carl Icahn is effectively doubling down on his massive bet on Yahoo Inc., but the gambit will only work if the battered stock can get back to the $20 range.

Treasurys head toward a five-day rally that's taken yields to record lows, as investors anticipate the Federal Reserve will buy up bonds to lower interest rates.

Technology stocks close solidly higher, marked by a jump in Yahoo shares on talk about a potential new bidder, and by a late rally by Palm Inc.