Goldman Sachs Group Inc shares rose as much as 5.4 percent on Friday on rumors of a possible settlement with regulators and a feeling that the stock could be oversold.
The Senate approved a reform of Wall Street on Thursday and President Barack Obama may be signing into law the most sweeping changes to financial rules since the 1930s as soon as next month.
U.S. antitrust regulators gave Google Inc approval to buy mobile advertising rival AdMob, after months of delay and rumor that Google was headed for a court fight with government officials over the $750 million transaction.
Stocks rose on Friday, with bank shares leading a rebound as worries ebbed over the sovereign debt crisis in Europe and an overhaul of U.S. financial regulation.
Jim Owens, chairman and chief executive officer of Caterpillar Inc., is concerned that the U.S. is not on a path to sustain the global economic competitiveness our country has sustained for a long time.
U.S. antitrust regulators gave Google Inc approval to buy mobile advertising rival AdMob, after months of delay and rumor that Google was headed for a court fight with government officials over the transaction.
A federal appeals court on Friday threw out a ruling requiring Verizon Wireless customers to resolve disputes over alleged fraudulent cell phone charges individually through arbitration rather than as a class.
Goldman Sachs Group Inc shares rose as much as 4.5 percent on Friday morning on rumors of a possible settlement with U.S. regulators and a feeling that the stock could be oversold.
Stocks rose on Friday, with bank shares leading a rebound as worries ebbed over the sovereign debt crisis in Europe and an overhaul of U.S. financial regulation.
PepsiCo Inc plans to invest $2.5 billion in China over the next three years to expand its presence in a major, growing market where its drinks lag behind rival Coca-Cola Co .
U.S. state April unemployment rates were higher than a year ago in most states but fell from March 2010 levels in dozens of states, the Labor Department reported on Friday, as recession-fueled joblessness eased.
U.S. regulators and Goldman Sachs Group Inc have not reached an agreement to settle civil fraud charges, sources familiar with the matter said on Friday.
A key lawmaker from Switzerland's largest party said on Friday he expected parliament to back a controversial Swiss-U.S. deal to end a bitter tax dispute over UBS.
Stocks rose 1 percent on Friday, with bank shares leading a rebound from earlier declines as worries ebbed over the sovereign debt crisis in Europe and U.S. financial reform.
Norwegian browser developer Opera Software is moving its data processing capacity to a newly-built center in Iceland, one of the first foreign investment deals for the crisis-hit island as it tries to rebuild its economy.
Borders Group Inc said on Friday that a company controlled by financier Bennett LeBow has taken a $25 million equity stake in the struggling bookseller, making him its largest shareholder.
(Corrects lead to say flash crash was May 6, not last month)
Wall Street was slightly higher in volatile trade on Friday as the S&P 500 fell below the level reached during the market flash crash earlier this month before muscling into positive territory.
The number of mass layoffs by U.S. employers rose in April led by manufacturers who shed workers even as the economy began to recover.
Wall Street was slightly higher in volatile trade on Friday as the S&P 500 fell below the level reached during last month's market flash crash before muscling into positive territory.
(Reuters) - People using cholesterol-lowering statins have a higher risks of liver dysfunction, kidney failure, muscle weakness and cataracts and such side effects of the drug should be closely tracked, doctors said on Friday.
Abbott Laboratories Inc will pay $3.72 billion to acquire the branded generics business of India's Piramal Healthcare , as global drugmakers look to boost their presence in emerging markets.
