Euro zone banks' demand for central funding surged to a two-year high on Tuesday, and U.S. funds cut their lending to the bloc's banks, tightening a squeeze that looks unlikely to ease this year.
Some of the world's biggest financial firms are locked in a battle over the control of large banks in the $300 trillion market for privately traded derivatives in the United States.
U.S. stocks slipped on Tuesday as worry over Europe's debt crisis and weaker U.S. economic growth than previously thought kept selling pressure on for a fifth straight session.
U.S. bank earnings reached their highest point since the second quarter of 2007 but the industry continues to have trouble boosting revenue with the economy struggling.
Some of the world's biggest financial firms are locked in a battle over the control of large banks in the $300 trillion market for privately traded derivatives in the United States.
Denmark's Danske Bank A/S said on Tuesday Cevian Capital and funds it represents had raised their aggregate stake in Danske to 5.02 percent.
Campbell Soup Co , the world's largest soup maker, reported weak quarterly sales as higher prices at its U.S. soup and international businesses put off price-conscious shoppers, sending its shares down 5 percent.
U.S. stocks were little changed on Tuesday as persistent concerns over Europe and a weaker reading on U.S. economic growth kept investors on edge, although the downside was limited after four days of losses.
U.S. retailers trying to woo shoppers with early deals and longer hours this week, and throughout the holiday season, could be putting their profits at risk as shoppers search for bargains and not much else.
Netflix Inc's shares tumbled some 6 percent in premarket trading on Tuesday after it lowered its 2012 outlook leading several Wall Street analysts to cut their price targets for the online video and DVD rental company.
U.S. stock index futures pointed to a weaker open on Tuesday, putting the S&P on track for a fifth day of losses as persistent concerns over Europe and a weaker reading on economic growth kept investors on edge.
Former UBS trader Kweku Adoboli, who is accused of unauthorized trading which the Swiss bank says has cost it some $2.3 billion, was remanded in custody Tuesday by a London court until December 20.
U.S. stock index futures were little changed on Tuesday as persistent concerns over Europe kept investors on edge after four days of market losses.
China's trade balance faces the risk of sliding into a deficit for the first time in two decades in 2012 as export demand in Europe and the United States slumps, an academic adviser to the central bank said on Tuesday.
The shortfall of commodity customer funds at MF Global Holdings Ltd may be around $1.2 billion, about double initial estimates from regulators, the trustee liquidating the company said on Monday.
U.S. stock index futures were higher on Tuesday, indicating a market rebound following four days of losses, although persistent concerns over Europe kept investors on edge.
U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they are not satisfied with recent steps taken to strengthen the bank, the Wall Street Journal said, citing people familiar with the situation.
A top Federal Reserve official said on Monday that given recent improvements in the U.S. economy, any further central bank actions to boost growth should be through clearer communications about policy, rather than expanded bond buying.
Video rental company Netflix Inc said late on Monday that it agreed to sell $200 million of convertible debt to long-time backer Technology Crossover Ventures to raise new capital.
Gilead Sciences Inc struck a deal to buy biotechnology company Pharmasset Inc for about $11 billion in a huge and risky bet on the next generation of hepatitis C treatments.
The Federal Reserve could provide more clarity to the public about where policy is likely to go and how it might respond to various conditions, a top Fed official said on Monday.
U.S. stocks fell for a fourth session on Monday, as the lack of progress in dealing with heavy debt both in the United States and Europe further sapped investor confidence in equities.
Netflix Inc said it agreed to sell $200 million worth of convertible debt to private equity firm Technology Crossover Ventures .
Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein and Chief Financial Officer David Viniar could be asked to testify in former board member Rajat Gupta's civil insider-trading case, according to court documents.
Apple will announce its new store location in Grand Central Terminal on Tuesday, Nov. 22. Here's a sneak peak.
Wall Street bankers are used to vicious swings in fortunes - it is in their DNA. Make a killing in the good times, they say, because markets may turn against you tomorrow.
General Motors Co moved on Monday to speed up the restructuring of its money-losing Opel brand, naming its vice chairman and two other senior executives to lead the unit's board.
U.S. property and casualty insurer Alleghany Corp said on Monday it would buy reinsurer Transatlantic Holdings Inc for $3.4 billion in cash and stock -- though a sharp drop in Alleghany shares meant a separate, hostile bid for Transatlantic was at least temporarily more valuable.
Retailers trying to woo shoppers with early deals and longer hours this week, and throughout the holiday season, could be putting their profits at risk as shoppers search for bargains and not much else.
U.S.-listed shares of Focus Media Holding Ltd plunged to multiyear lows on Monday after short-selling firm Muddy Waters accused the company of significant overstatement of the number of screens in its LCD network, among other charges.
