U.S. stocks soared Tuesday on good corporate earnings, falling Spanish interest rates and an International Monetary Fund forecast for strong economic growth in the United States.
Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.
Goldman Sachs Group Inc. (NYSE: GS) Chief Financial Officer David Viniar took questions from analysts on Tuesday morning in a wide-ranging call that touched on government regulation, risk, departures of the firm's partners and the firm's standing on Wall Street. Here are five key points.
The Coca-Cola Company (NYSE: KO), the world's largest soft-drink maker, reported first-quarter profits that topped analysts' estimates, helped by price increases and strong demand in emerging markets.
Goldman Sachs Group Inc. (NYSE: GS), the fifth-largest U.S. bank by assets, said Tuesday it had 23% less profit in the first quarter on falling investment banking and trading revenue, but its revenue beat analyst forecasts as it raised its dividend.
The companies whose shares are moving in pre-market trade Tuesday are: Endocyte, Comerica, Canadian Solar, Sprint Nextel, Valero Energy, U.S. Bancorp, Bank of America , China Gerui Advanced Materials Group, KIT digital, Host Hotels and Resorts and Goldman Sachs Group.
Futures on major US indices point to a higher opening Tuesday ahead of the quarterly earnings from top investment bank Goldman Sachs (NYSE: GS) and key housing data due to be released before market opens.
Spanish sovereign bond yields edged above 6 percent on Monday as investors grew wary of the government's continued struggles to reduce the deficit and improve labor market competitiveness.
Yahoo! Inc. (Nasdaq: YHOO), the beleagured No. 2 search engine, is expected to have flat revenue and earnings in the first quarter as it seeks to turn around stagnant advertising and search divisions under its new CEO.
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, has scheduled its first-quarter earnings announcement for after Tuesday’s market close.
The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.
The companies whose shares are moving in pre-market trade on Monday are: First Solar, Alpha Natural Resources, CF Industries Holdings, Advanced Micro Devices, Halliburton, Citigroup, Mattel, Hasbro, Infosys and SCANA Corp.
Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.
After suffering their worst two weeks of the year, stocks will look to quarterly earnings to determine whether the recent pullback has been exhausted or more losses are justified.
Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.
That Wall Street expects J.P. Morgan to outperform its peers shouldn't come as a surprise. Besides being the biggest, it's arguably among the three or four most stable big banks.
Same-store sales rose 0.5 percent from the previous week and 4.5 percent year on year, the International Council of Shopping Centers and Goldman Sachs reported. Redbook Research said same-store sales were up 0.8 percent from March and 4.1 percent from April 2011.
Shares of AOL (NYSE: AOL), the seventh-most-visited website, jumped nearly 50 percent in Monday trading after announcing a $1.1 billion patent deal with Microsoft.
AOL Inc
said it would sell over 800 of its patents and related applications to Microsoft Corp , and would grant Microsoft a non-exclusive license to the patents it retains, for slightly over $1 billion in cash.Following the tradition of big tech companies like Google and Apple, Facebook has reportedly chosen to list its shares on the Nasdaq under the ticker symbol FB. The report comes from The New York Times, which cites Facebook insiders with knowledge of the matter.
BTG Pactual, the largest independent investment bank in Latin America, said it is planning to raise up to $2.24 billion in a public offering that could signal the revival of Brazil's IPO market.
Who is Goldman Sachs? Wall Street's top investment bank, or a company that treats its clients like muppets in order to make as much profit as possible? And what does that mean for the rest of us?
