Bank of America, Citigroup and Barclays have received subpoenas from U.S. regulators probing the setting of the London interbank offered rate, or Libor, for U.S. dollars between 2006 and 2008, the Financial Times said, citing people familiar with the investigation.
SINGAPORE - Brent crude reversed losses, heading back toward $111 after losing 1 percent earlier on Thursday, as investors weighed Middle East tensions against risks to demand from the nuclear crisis in quake-hit Japan.
Japanese officials blamed the yen's surge to a record high on speculators and kept markets on alert for a possible intervention ahead of Group of Seven talks later on Thursday about steps to calm financial markets roiled by Japan's deepening nuclear crisis.
The Group of Seven advanced nations will hold talks later on Thursday to discuss the impact of Japan's deepening nuclear crisis, Japanese officials said, while dismissing the need for joint intervention in currency markets.
SINGAPORE, March 17 - Brent crude fell by as much as 1 percent on Thursday to below $110 as Japan's worsening nuclear crisis buffeted stock markets, raising questions about the impact of the earthquake on growth and energy demand.
Video game maker THQ Inc said it sold 375,000 copies of its new military-themed video Homefront on the first day of sales in North America.
The head of the main soft commodity exchange said on Wednesday he loved high-frequency traders, lauding their liquidity despite complaints from other traders that they're wrecking the market.
Lehman Brothers Holdings Inc said it hopes to win court approval of its reorganization plan in mid-November, more than three years after filing the largest bankruptcy in U.S. history.
Accused hedge fund manager Raj Rajaratnam did not get secrets about Advanced Micro Devices Inc
and eBay Inc from a former high-placed friend because the information was already public, his lawyer argued at trial on Wednesday.The yen soared to a record high against the dollar on Wednesday as concerns escalated over a nuclear crisis in Japan, and investors nervously watched to see if Japanese authorities will step in to stem the currency's rise.
The United States is playing a key role in support of Japan's aid, search, and rescue efforts.
After a year in which Johnson & Johnson's product quality control was deemed such a shambles that the U.S. government will oversee some plants, the board had praise for Chief Executive William Weldon and awarded him almost $29 million in overall compensation.
Senators, government organizations and even the President are throwing their support behind 'Do Not Track' legislation.
Wednesday’s housing data was terrible. February housing starts dropped to an annual rate of 479,000 units and building permits fell to an annual rate of 517,000 units. Both figures measure the pace of US housing construction.
Treasury Secretary Timothy Geithner said on Wednesday it is imperative that the United States cut its budget deficits, and he believes there is increasing bipartisan support in Congress to do so.
(Corrects month of Goggins departure in paragraph 12)
Producer prices surged in February at their fastest pace in 1-1/2 years, data showed on Wednesday, a day after the Federal Reserve said it had a watchful eye on inflation pressures it expects to subside.
Mergers sweeping financial exchanges are in part an unintended consequence of global financial regulatory reforms, the head of IntercontinentalExchange Inc said on Wednesday .
There is now one more catalyst that can push up oil prices.
Wal-Mart Stores Inc added another two stores to its list of planned locations in Chicago and said it was on pace to meet its goal of creating 10,000 jobs in that city by 2015.
Producer prices surged in February at their fastest pace in 1-1/2 years, data showed on Wednesday, a day after the Federal Reserve said it had a watchful eye on inflation pressures it expects to subside.
Oil rose 2 percent on Wednesday as escalating violence in the Middle East raised concerns about crude supplies, countering the wave of risk aversion sparked earlier this week by Japan's nuclear crisis.
