Markets / Finance
European Banking Giant Braces For $1 Billion Libor Fine
October 24 2014 11:50 PM
Germany's largest lender is reportedly on the cusp of a deal over Libor-rigging allegations, which have cost the bank billions already.
Fannie Mae Settles Shareholder Lawsuit For $170M
October 24 2014 8:09 PM
Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized during the crisis.
Giant Gold Nugget For Sale In California
October 24 2014 2:11 PM
The six-pound so-called "Butte Nugget" was found by a gold hunter in the Butte County mountains.
'Amazon Not On Fire'
October 24 2014 1:25 PM
Since its founding, Amazon has barely eked out a profit. And investors are not happy about the company's latest disappointments on Wall Street.
Can Elections Predict Stock Market Performance?
October 24 2014 12:18 PM
Experts say midterm election years are bad for markets, but 2014 will be different.
Amazon Takes $170M Writedown On Fire Phone
October 24 2014 11:03 AM
Once expected to be a game-changer, the Fire phone has sold few handsets during its four months of availability.
Pfizer's $11B Buyback Plan Deflates AstraZeneca Bid Hopes
October 24 2014 5:19 AM
Pfizer, which has a market valuation of about $180 billion, earlier this year failed in its $118 billion bid to buy British rival AstraZeneca.
Rajaratnam's Brother Reaches Insider Trading Deal With US SEC
October 24 2014 12:53 AM
As part of the agreement, Rajaratnam, 43, also agreed to be barred from the securities industry, the SEC said.
US Stock Futures Tumble On Reports Of Ebola Case In NY
October 23 2014 11:52 PM
U.S. stock futures tumbled while safe-haven assets such as the yen and U.S. bonds gained on Friday after reports that a doctor who returned to New York tested positive for Ebola.
Merkel Says EU Will Discuss Bridging Finance For Ukraine Next Week
October 23 2014 11:39 PM
The EU and Ukraine will discuss a bridging loan to Kiev next week so the country can pay in advance for Russian gas deliveries for the coming months, the German chancellor said.
Amazon Shares Tumble On Record Loss
October 23 2014 5:27 PM
Amazon’s third-quarter revenues and profits missed analysts’ expectations; investors are now concerned that the company is stretched too thin.
Uber Announces Flu Vaccine Pilot Program
October 23 2014 4:45 PM
Drivers transport a registered nurse to deliver and inject the shot to customers anywhere within the test cities of New York, Boston and Washington.
Pot vs. Beer Comparison Helps Build Support For Legalization
October 23 2014 2:57 PM
Advocates of marijuana legalization argue that cannabis is safer than alcohol, and they say the comparison is an election-winner.
Caterpillar Profit Beats View; Shares Surge
October 23 2014 2:54 PM
Caterpillar Inc (CAT.N) shares jumped more than 5 percent on Thursday after it reported a stronger-than-expected quarterly profit and raised its 2014 outlook, citing strong demand from the North American energy and construction industries.
Apple's Stock Price Goes Bananas Amid iPhone 6 Sales
October 22 2014 12:42 PM
Apple’s current market cap sits $608.8 billion, making it the most valuable company in the world.
Abbott Labs Profits Up On Growing Nutrition Business
October 22 2014 11:49 AM
The Illinois company has been making some big changes this year.
Boeing Soars In Q3 On Commercial Aircraft Back Orders
October 22 2014 10:52 AM
The world’s top aerospace giant says military aircraft orders up 3 percent. Company has 5,500 commercial aircraft on back order.
EU's Juncker Pledges Investment Plan For Jobs
October 22 2014 7:01 AM
Germany, Europe's dominant economy, is resisting calls for it to spend more to kick-start growth.
At Least 11 Banks To Fail European Stress Tests: Report
October 22 2014 6:53 AM
The results of the stress tests on 130 banks by the European Central Bank are due to be unveiled on Sunday.
Indian Companies Fear Tougher Penalties From Emboldened Regulators
October 22 2014 1:56 AM
Cleaning up India's grubby business climate is top of the agenda for both regulators and Prime Minister Narendra Modi's government.