Goldman Sachs Group Inc's first-quarter earnings are expected to benefit from the increased use of derivatives by European clients seeking ways to hedge risk, according to an internal report seen by Reuters.
Britain's economy shrank by more than expected in the last three months of 2011 than previously thought, driven down by a weaker services sector, official data showed on Wednesday.
Mark Zuckerberg wants at least $5 billion from Wall Street investors, but those investors will not be getting much face time in return.
Britain's economy shrank by more than expected in the last three months of 2011 than previously thought, driven down by a weaker services sector, official
Pressure is building in Britain and Australia for fresh probes into Rupert Murdoch's News Corp, already under siege over phone-hacking claims, after allegations that it ran a secret unit that promoted pirating of pay-TV rivals.
Societe Generale aims to cut the liquidity needs of its corporate and investment bank by 50 to 60 billion euros ($79.93 billion) as it sells more loans, the French bank said on Wednesday in a slide presentation.
CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group , the insurance company he runs. Of course, that depends on how one defines profit.
Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter.
Insolvent oil refiner Petroplus said on Wednesday it planned to negotiate a sale of its assets and would delist its stock and a $150 million convertible bond from the Swiss bourse by mid-May.
With all the events transpiring across the globe – natural calamities, political crisis, social unrest, violence, or at the very least, stress from working long hours – summer is always the best time to unwind, spend time with family, and take a break. People work to have a great holiday but finding the best place to go to yearly usually poses a problem.
Bank of America Corp is looking to create an international advisory board that could help steer chief executive officer Brian Moynihan's overseas strategy, according to sources familiar with the matter.
Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory in the U.S. economic recovery, warning against complacency in policymaking as the outlook brightens.
Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland , the Financial Times reported on Wednesday.
BATS Global Markets Inc stripped Chief Executive Joe Ratterman of the chairman's role on Tuesday, days after the No. 3 U.S. exchange operator's botched initial public offering.
Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.
A lawyer discovered how far the U.S. Supreme Court will go to close itself off from the public when it hears a case, no matter how many people on Twitter may be interested.
Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.
U.S. companies and the federal government would be able to share information about cybersecurity threats more easily under a bill introduced in the U.S. House of Representatives on Tuesday.
Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.
Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter.
“Rush” a new movie from Apollo 13 director Ron Howard slated to come out in 2013 might be the best racing movie since the 1971 Steve McQueen classics, “Le Mans,” and rumors are swirling that 2008 Formula 1 world champion Lewis Hamilton may have a role in the film.
Prior to the arrival of Chinese president Hu Jintao in the Indian capital of Delhi, a Tibetan activist named Jamphel Yeshi set himself on fire in protest during a demonstration, suffering severe burns that covered most of his body.
Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.
Stocks hovered near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.
Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
Americans were more worried about inflation in March than at any time in the last 10 months and consumer confidence waned in the wake of higher gasoline prices.
Wall Street paused near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.
EU antitrust regulators are set to fine 13 logistics firms, including UPS, Panalpina and Expeditors, on Wednesday for taking part in a cartel, two people familiar with the matter said on Tuesday.
Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
The central bank's decision to provide dollar swap lines to Europe was made in the United States' best interests and not solely to benefit Europe, a top Federal Reserve official said on Tuesday.
