Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal filings.
U.S. stock index futures were slightly higher on Friday ahead of the key monthly jobs report for November.
U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.
World stocks slipped slightly and the dollar was steady on Friday as investors waited for U.S. jobs data, the latest signal about how far the U.S. economy is recovering.
Japan's All Nippon Airways said it and fellow StarAlliance members United Airlines and Continental Airlines plan to apply for antitrust immunity to allow closer cooperation on transpacific routes.
Bank of America Corp's board is set to meet next Tuesday and is expected to discuss the appointment of a new chief executive, the Wall Street Journal reported, citing people familiar with the situation.
Asian stocks held most of the week's gains before monthly U.S. jobs data on Friday, although property and bank shares fell in many markets as soft U.S. data raised concerns about the pace of economic recovery.
The United States may be emerging from recession but some firms are canceling holiday parties for a second year in a row and others are bragging about having fun on the cheap.
China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how television shows and movies are made, but how they are delivered to the home.
Talk show host, Oprah Winfrey, headed to the White House on Thursday for an interview with the president and his wife ahead of airing a Christmas Special.
Friendster, one of the world's earliest social networking sites, will be sold to an Asian buyer by the end of December for at least $100 million, a source familiar with the matter said.
President Barack Obama asked leaders in various capacities today how companies could start hiring again in opening remarks that were part of a business forum convened in Washington today.
Friendster, one of the world's earliest social networking sites, will be sold to an Asian buyer by the end of December for at least $100 million, a source familiar with the matter said.
Friendster, one of the world's earliest social networking sites, will be sold to an Asian buyer by the end of December for at least $100 million, a source familiar with the matter said.
U.S. lawmakers told President Barack Obama's top advisers on Thursday not enough was being done to combat corruption in Afghanistan, singling out allegations against the Afghan president's brother, whom Defense Secretary Robert Gates acknowledged was a problem.
Bank of America Corp will sell nearly $19 billion in equity later on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
Bank of America Corp sold more than $19 billion of equity on Thursday amid strong investor interest as it races to shed government regulatory curbs that have bedeviled its CEO search.
U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
Luxury U.S. homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as revenue slumped and it wrote down the value of its land holdings, sending its shares down 7.5 percent.
U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.
President Barack Obama on Thursday urged corporate America to help tackle the nation's highest unemployment in 26 years but also hinted at federal tax credits and aid to states to ease jobless woes.
