Bernard Madoff?s brother Peter finally peladed guilty Friday to conspiracy to commit a single count of securities fraud and another of falsifying records.
Toyota just can't seem to get the floor mats right on its cars. Toyota Motor Corporation (NYSE: TM) is recalling approximately 154,000 model-year 2010 Lexus RX 350 and RX 450 H cars for potential floor mat interference with accelerator pedal, the same problem which afflicted millions of the company's cars in 2009 and 2010. The National Highway Traffic Safety Administration (NHTSA) is considering launching an investigation of Toyota regarding delays in notifying the agency about the...
The Federal Housing Administration (FHA) won't adopt a new restriction that could have prevented thousands of prospective home buyers from obtaining low-cost mortgages.
The Venezuelan Supreme Court has ordered the seizure of $5.7 million in assets of a privately-funded news channel that's the last remaining network critical of president Hugo Chavez
Ford Motor Company (NYSE: F) must be asking itself when the European automotive market becomes too toxic as sales in the region slump, the euro zone teeters on the brink of disaster and carmaker predicts European losses of close to $600 million in the second quarter.
Apple will begin transitioning the leadership role within its hardware engineering department, now that Bob Mansfield has announced his retirement. Apple was quick to name Dan Riccio as Mansfield's successor, mentioning that Riccio will learn the new role over several months. During that time, the hardware engineering team will continue to report to Mansfield.
The United States gave China and Singapore exemptions from new sanctions targeting Iran's central bank and oil industry, which took effect on Thursday.
Stockton, California, officially filed for Chapter 9 protection Thursday after talks with bondholders and labor unions failed, making it the largest-ever U.S. city to file for bankruptcy.
Disappointed by the lack of aggressive action by the U.S. Federal Reserve during the meeting of its powerful rate-setting committee last week, and expecting little more than rehashed promises from the leaders of Europe this week, pessimistic market-watchers are turning to once again guessing when the clock atop the Eurozone time-bomb will finally run to 0.
One brand new feature to come to ?Diablo 3? is the real-money auction house, in which players can use actual cash to purchase items from other gamers. The idea has sparked controversy from the start, but now ?Diablo 3? fans have a whole new reason to watch their wallets in the auction house.
Mercosur, a four-nation regional trade bloc in South America, could suspend Paraguay's membership following the sudden removal of President Fernando Lugo last week
As expected, the New York City Council voted Thursday evening to override Mayor Michael Bloomberg's veto of a measure that would raise the minimum wage of employees of some companies that receive public subsidies to $11.50 an hour, or $10 an hour with benefits.
Shares of BlackBerry developer Research in Motion (Nasdaq: RIMM) fell nearly 20 percent after announcing a first-quarter loss of $518 million and a further delay in shipping the next-generation BlackBerry 10.
Consumer spending in the U.S. was flat in May for the first time in five months, the Commerce Department said Friday, as slower job creation and stagnant wage growth prompted Americans to cut back.
European leaders established Friday a set of measures to address the euro zone debt crisis, including an agreement to allow some rescue funds to be sent directly to struggling banks instead of adding to the public debt of reeling economies.
The evolving scandal, according to King, illustrated the need to separate the retail from invest banking.
Ever since the International Olympic Committee awarded London the 2012 Olympic games, many questions have been raised about the games' costs and benefits to the city.
India's BSE Sensex soared more than 430 points or 2.59 percent to a two-month high of 17448.48 Friday on positive global and domestic cues. The 30-share benchmark index opened at 17134.61 and reached a high of 17448.48 before closing down at 17429.98.
Reuters Market Eye - Morgan Stanley has upgraded Indian stocks to equalweight in its latest report after having rated them underweight since the first quarter of 2011.
Fushi Copperweld, Bank of America, Banco Santander, Caterpillar, Citigroup, Research In Motion, Nike and Infosys Ltd are among the companies whose shares are moving in pre-market trading Friday.
A committee which was formed to give recommendations on the implementation of the controversial general anti-avoidance rules (GAAR) provisions in India released its draft guidelines Thursday night. The draft guidelines have clarified that the GAAR will not be applied retrospectively.
There are big incentives for states to participate in the Medicaid extension.
Asian stock markets rallied Friday as sentiment was buoyed after leaders at the European Union summit in Brussels agreed on important plans to tackle the region's debt crisis.
U.S. stock index futures pointed to a higher open Friday as euro zone leaders at a Brussels summit agreed upon emergency measures to lower Italy's and Spain's borrowing costs and create a single regulatory oversight body for euro zone banks.
European markets rose Friday following encouraging announcements at the European Union summit in Brussels, where EU leaders are tackling the debt crisis threatening the financial union.
Crude oil futures rallied during Asian trading hours Friday after European Union leaders agreed on support for Spain and Italy.
The top after-market Nasdaq gainers Thursday were Smith & Wesson Holding Corporation, Lincare Holdings Inc, Fushi Copperweld Inc, Synta Pharmaceuticals Corp and Amtech Systems Inc. The top after-market Nasdaq losers were: Research in Motion Limited, Cree Inc, Seattle Genetics Inc, The Finish Line Inc and Ascena Retail Group Inc.
Japan's industrial production declined in May from the previous month, according to data released by the Trade Ministry Friday.
The top after-market NYSE gainers Thursday were: Accenture, Basic Energy Services, WellCare Health Plans, Sturm, Ruger & Company and Unit Corp. The top after-market NYSE losers were: Nike, Team Health Holdings, Thompson Creek Metals Company, Under Armour and Ford Motor Co.
Most Asian markets rose Friday as investors remained hopeful that policymakers would reach an agreement on bold steps to save the euro zone at the EU summit.
