A U.S. government watchdog will investigate the Securities and Exchange Commission's fraud lawsuit against Goldman Sachs Group Inc, the SEC's inspector general said on Friday, while two shareholders sued the bank over the fraud allegations.
G20 finance leaders said on Friday they had secured a better-than-expected global economic recovery but were wary of overconfidence as Greece's debt crisis put the focus on worsening public finances.
Proposals to hit banks around the world with new taxes to help pay for bailouts split world finance leaders on Friday.
U.S. stocks rose to a 19-month high on Friday as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low.
Lehman Brothers Holdings Inc sued Nomura Holdings Inc on Friday, saying the Japanese bank is not entitled to recover $760 million it claims, and instead owes it tens of millions of dollars.
Ford Motor Co will recall 33,256 of its 2010 model year cars and SUVs to replace potentially faulty front seat recliner mechanisms that could lead to injuries in an accident, according to a notice filed with U.S. safety regulators.
New orders for durable U.S. manufactured goods excluding transportation posted the largest gain in over two years in March while home sales hit an eight-month high, hinting at a pick-up in the pace of growth.
NEW YORK (Reuters Life!) - Crackberry is no joke.
Lehman Brothers Holdings Inc sued Nomura Holdings Inc on Friday, saying the Japanese bank is not entitled to recover the $720 million it claims, and instead owes it tens of millions of dollars.
A Goldman Sachs Inc director told hedge fund founder Raj Rajaratnam about Berkshire Hathaway's $5 billion investment in Goldman before the deal became public, the Wall Street Journal reported on Friday, citing a person close to the situation.
U.S. stocks rose on Friday as news from Merck soothed worries about the corporate cost of healthcare reform and energy shares were boosted by higher oil prices.
Chinese consumer reaction to electric cars made by Volkswagen AG will determine the fate of the German group's plans to lead the industry in battery-powered vehicles, the group's CEO said on Friday.
Johnson Controls Inc raised its fiscal-year earnings forecast on Friday after posting a better-than-expected quarterly profit amid increased auto production.
The Dow and S&P 500 edged higher on Friday, led by gains in energy and healthcare stocks.
Lenovo, the world's No.4 PC brand, has emerged as the leading candidate to buy struggling smartphone maker Palm, after the U.S. firm was rebuffed by other potential Asian buyers, sources said.
Diversified U.S. manufacturer Honeywell International Inc boosted its full-year earnings target after reporting a first-quarter profit that topped Wall Street's expectations.
World finance leaders will seek to assure markets on Friday that the global economy is recovering despite the cloud cast by debt-troubled Greece and its request for a huge bailout.
The writer of a book entitled How I caused the credit crunch worked for the unit of Goldman Sachs that sold the financial product at the heart of U.S. fraud allegations against the bank.
Johnson Controls Inc raised its fiscal-year earnings forecast on Friday after posting a better-than-expected quarterly profit amid increased auto production, sending its shares 2 percent higher.
U.S. stocks were little changed on Friday as a morning rally lost steam and worries about the long-term outlook for Greece's shaky finances curbed investors' appetite for risk.
Did you hear that Goldman Sachs made the Iceland volcano erupt? It did pretty well shorting airlines.
(Reuters) - Novo Nordisk's new diabetes drug Victoza proved more effective than Merck & Co's Januvia in a head-to-head study, boosting prospects for a product that has got off to a strong start in key markets.
