Futures climb ahead of data on jobs, manufacturing
Stock index futures advanced on Thursday, indicating the S&P 500 may resume its march higher ahead of data on the labor market and a report on regional manufacturing.
Russia to sell $6 billion stake in Sberbank
Russia's biggest lender Sberbank plans to start a roadshow for the sale of a $6 billion government stake on April 16, in a move that underscores its arrival as a major player in a European industry decimated by the global financial crisis.
China's BoCom raises $8.9 billion in private placement
China's fifth-largest lender, Bank of Communications Co Ltd , will raise $8.9 billion to meet tighter capital requirements by placing shares with existing shareholders such as HSBC and the country's finance ministry.
Shares, dollar near highs on bright outlook
European shares traded near eight-month highs on Thursday as a brighter global economic outlook fuelled investor risk appetite, underpinning the dollar and reducing the appeal of safe-haven government debt.
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Analysis: Sharp reshuffle blunts expectation for change
An expected $3.5 billion record net loss as TV sales slumped is raising a red flag with investors worried that Sharp has fumbled its business strategy. Takashi Okuda's appointment as its new boss suggests it is not about to flinch and abandon making TVs.
Dollar gains; shares slip on China growth woes
Asian shares eased on Thursday on renewed concerns about Chinese growth, but a brighter global economic outlook underpinned the dollar and kept investor risk appetite intact, reducing the appeal of safe-haven government debts.
FDIC shoots to kill on too big to fail
Bank regulators are launching a campaign to sell the markets on the idea that too big to fail is dead.
China's new microblogging rules to make Weibo more attractive
New real-identity rules to be imposed on China's Weibo are likely to make the country's most popular microblogging platform more alluring to advertisers, as Sina Corp seeks to start generating revenue from its product later this year.
Analysis: Delta-Boeing clash threatens Obama bid to renew Eximbank
Concerns raised by Delta Air Lines about the fairness of U.S. Export-Import Bank loans to help Boeing export aircraft are complicating President Barack Obama's push to quickly renew the bank's charter.
Bank of America's stock soars after passing stress test
Bank of America Corp shares on Wednesday hit their highest level in seven months after a Federal Reserve stress test affirmed one of the more troubled U.S. banks had made progress in improving its capital levels.
Citigroup failure in Fed test raises questions
Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
Treasury to sell stock in six bailed-out banks
The U.S. Treasury said on Wednesday that it plans to sell its preferred stock position in six community banks as part of the Obama administration's effort to unwind bailout programs from the financial crisis.
CME Group's rising CEO mixes wit, swear words, diplomacy
Phupinder Gill - named this week to be CME Group Inc's next CEO - made a caustic comment that nearly wrecked talks in the late 1990s over linking up with cross town rival Chicago Board of Trade.
NY Mets owners lose ruling on key Madoff issue
Owners of the cash-strapped New York Mets baseball team lost a key ruling ahead of a federal trial over whether they should return $303 million because they turned a blind eye to Bernard Madoff's fraud.
Wall Street retreats after rally, but Apple up again
The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs.
A little extra inflation would backfire: Volcker
The U.S. economy is recovering pretty well and trying to juice it up by allowing a little extra inflation would be disastrous, Paul Volcker, the former Federal Reserve chairman known for successfully reining in double-digit inflation, said on Wednesday.
New York City to be paid $500 million in SAIC fraud case
New York City will be paid more than $500 million by computer contractor SAIC in a fraud case related to the company's work for the city, officials said on Wednesday.
Wall Street slips after rally, but Apple up again
Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.
S&P 500 flirts with 1,400, then dips on day after rally
The S&P 500 knocked on 1,400 before edging lower on Wednesday as investors digested the previous session's rally on the Federal Reserve comments on the economy and the banking sector.
Crude stocks rise, oil products fall: EIA
Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday.
St. Patrick's Day 2012: Best Irish Pubs in New York City
Check out some of New York City's best Irish pubs for St. Patrick's Day 2012.
Bernanke says Fed to make bank rules clearer
The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.
Wall Street edges up after Fed outlook, bank results
Stocks were largely flat on Wednesday as investors balanced comments from the Federal Reserve on the economy and banking sector against the recent, five-day rally.
Bernanke: despite some recent signs of improvement, U.S. recovery frustratingly slow
The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.
Wall Street to open flat after Fed outlook, bank results
Stock index futures pointed to a flat open on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
China's Tencent targets growth in online ads
Tencent Holdings Ltd, China's biggest internet company by revenue, plans to step up its expansion in social networking, search and e-commerce to attract more online advertisers as it looks to diversify from its competitive core gaming market.
Current account in Q4 widens more than expected
The current account deficit widened much more than expected to $124.1 billion in the fourth quarter of 2011, as imports rose and exports dropped, a government report showed on Wednesday.
Mortgage purchase demand rose last week: MBA
Demand for home purchases picked up for the third week in a row last week, though applications for refinancing sagged, an industry group said on Wednesday.
Futures flat as investors weigh Fed's economic outlook
Stock index futures were little changed on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
Futures edge higher on economic optimism
Stock index futures edged higher on Wednesday, putting the benchmark index on track for its sixth straight advance after comments from the Federal Reserve on the economy and banking sector helped boost optimism.
BoAML hires UBS broker to boost weakened team
Bank of America Merrill Lynch said on Wednesday it had hired UBS corporate broker Peter Luck, helping to bolster a team depleted by a string of senior departures.
Euro zone formally approves 2nd Greek bailout: statement
Euro zone countries formally approved on Wednesday a second, 130 billion euro financing package for Greece that will keep Athens funded until 2014, the chairman of euro zone finance ministers Jean-Claude Juncker said in a statement.
Fed gives mostly high marks in bank stress tests
Most of the largest banks passed their annual stress test, according to the Federal Reserve, in a conservative report card that underscored the recovery of the financial sector but called out a few laggards, including Citigroup.
BMW warns sees no signs of end to incentive war
BMW , the world's largest premium carmaker, warned that more and more profit-eroding incentives are being offered to sell luxury cars at the moment, adding there are no signs this will change anytime soon.
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