European Council President Herman Van Rompuy warned against complacency in handling the euro zone debt crisis and stressed the need for meeting budget rules and reducing deficits.
The chief negotiator for the body representing private sector holders of Greek bonds expressed confidence on Saturday that a bond swap deal which is a key part of Greece's bailout program would be completed successfully next week.
Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on Friday.
Less than a year after a series of tornadoes caused some of the worse insured losses in U.S. history, the insurance industry is likely facing substantial costs again after storms killed at least 33 people on Friday.
The euro zone sovereign debt crisis has eased in recent weeks, ECB Governing Council member Athanasios Orphanides said on Saturday, adding more needed to be done to convince markets the euro zone had an effective crisis handling mechanism in place.
Stocks have proven the naysayers wrong so far in 2012. And the February jobs report could be just the ticket to keep the bulls going next week.
Nomura Holdings and billionaire investor George Soros have cut their stakes in Taishin Financial to about 1 percent each from about 3 percent last year, marking the latest exodus by foreign investors from Taiwan's over-banked market.
Chipmakers LSI and Mediatek Inc and chip design house STMicroelectronics NV did not violate Rambus Inc's patented chip technology, a judge at the International Trade Commission said on Friday.
A federal judge rejected Credit Suisse Group Inc's bid to dismiss a lawsuit by National Century Financial Enterprises bondholders that accused the Swiss bank of deceiving them about the health care finance company and missing its vast, roughly $2.9 billion fraud.
BNY Mellon Corp is sticking with employee stock options, even as many major U.S. banks cut them, and despite its previous awards losing more than $850 million in value since 2008.
Consumer review website Yelp Inc made a sparkling market debut on Friday, buoyed by optimism ahead of Facebook's public listing and hopes for further successful public listings by Internet companies down the road.
Facebook Inc will add banks in coming weeks to help underwrite its initial public offering, two sources familiar with its plans said on Friday.
Facebook Inc will add more banks in coming weeks to help underwrite the company's initial public offering, two sources familiar with its plans said on Friday.
A senior Morgan Stanley investment banker was placed on leave after police accused him of hurling racial slurs at a taxi driver of Middle Eastern descent and stabbing him in the hand with a pen knife over a fare dispute.
Financier J. Ezra Merkin, accused of secretly steering $2.4 billion in client funds to Ponzi schemer Bernard Madoff, is close to settling a lawsuit brought by the New York attorney general for about $400 million, according to a person close to the matter.
The S&P and Nasdaq notched their eighth week of gains out of the last nine, but momentum ran out on Friday as stocks ended the day lower in a thinly traded session.
Stocks slipped on Friday as a session with sparse economic data gave investors little reason to push indexes higher, but the S&P 500 and Nasdaq remained on track for their eighth positive week in the last nine.
JPMorgan Chase & Co. is looking to sell its metal concentrates business due to U.S. regulatory restrictions following its acquisition of RBS Sempra Commodities, and currently faces a deadline of mid-year, industry sources told Reuters.
Calling it a sickness to this world, members of the formless 'hacktivist' group of computer programmers known as Anonymous informally declared war on religion on Friday, March 2, hacking the websites of three Christian organizations all based in and around Charlotte, North Carolina. The homepages for Bethel Outreach International Church, Charlotte International Church, and Crossfire Ministries were all replaced with the 30-minute long YouTube video, Richard Dawkins: An Atheist....
Barclays Plc tapped the European Central Bank for 8.2 billion euros ($10.8 billion) of cheap funding this week, marking a U-turn for the bank as it had previously been worried about the risk of political interference if it took funds.
A renewed drop in housing prices could thwart the U.S. economic recovery in the short term while Washington's lack of a credible, comprehensive fiscal plan poses a major medium-term risk, a top IMF official said.
Caterpillar Inc. (NYSE: CAT), the world's biggest heavy machinery maker, will pay about $447 million to Mitsubishi Heavy Industries Ltd. to gain sole control of their joint venture, Caterpillar Japan Ltd.
Stocks slipped on Friday as a session with sparse economic data gave investors little reason to push indexes higher, but the S&P 500 and Nasdaq remained on track for their eighth positive week in the last nine.
Spain's highest court wants the top court in Europe to decide if requests by Spanish citizens to have data deleted from Google's search engine are lawful, in a case that could put more pressure on it to review its privacy policies.
Wall Street's biggest banks are locked in an increasingly frantic struggle with the Federal Reserve over the right to retain the jewels of their commodity trading empires: warehouses, storage tanks and other hard assets worth billions of dollars.
Dutch Prince Johan Friso, who was caught in an avalanche two weeks ago, was flown to a special clinic in London yesterday. Friso, who was buried in snow for 20 minutes, and had his heart stop beating for 50 minutes, has been in a coma due to major brain damage.
U.S. stocks edged lower on Friday in a session with sparse economic data, but the S&P 500 and Nasdaq remained on pace for their eighth positive week in the last nine.
Spain set itself a softer deficit target for 2012 than originally agreed under the euro zone's austerity drive, putting a question mark over the credibility of the European Union's new fiscal pact.
The U.S. economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a credible, comprehensive fiscal plan, posing a major medium-term economic risk, a top IMF official said.
Consumer review website Yelp Inc's shares traded more than 60 percent above their initial public offering price in their market debut on Friday, as investors rushed to buy a piece of the growing local advertising market.
