Sales of previously owned U.S. homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support.
Stocks snapped a three-day slide on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a Senate vote for a second term helped ease investors' concerns.
Charles Schwab Corp added a record number of wealth adviser teams as clients last year, benefiting from a wave of breakaway brokers leaving traditional firms to launch their own shops.
Goldman Sachs Group Inc , in the crosshairs of the pay debate, is capping compensation at $1.6 million for its partners in the UK, according to a source familiar with the matter.
The U.S. Senate looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
A broad-based stocks advance drove the S&P 500 up 1 percent on Monday as signs that Federal Reserve Chairman Ben Bernanke would win a U.S. Senate vote for a second term relieved the market of some of the uncertainty that contributed to last week's decline.
U.S. stocks moved higher on Monday as signs that Fed Chairman Ben Bernanke would win a U.S. Senate vote for a second term helped lift shares beaten down in last week's sell-off, such as technology stocks.
The Cayman Islands and other offshore money centers could become scapegoats unless regulation is stepped up on Wall Street's biggest banks to avert another potential financial crisis, a former IMF chief economist warned.
Carsten Kengeter, co-chief executive of UBS Investment Bank, is stepping back from his additional role as joint head of fixed income, currencies and commodities , following two high profile appointments in the securities business. UBS appointed Neal Shear, 55, as head of global securities on Monday and named Roberto Hoornweg, 41, as global head of securities distribution, as it loo...
U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
The S&P 500 index is up 7.33 points or 0.67 percent in early afternoon trading. The basic materials sector leads the rally, with the Dow Jones U.S. Basic Materials Index is up 1.3 percent and the Dow Jones U.S. Oil & Gas Index up 1 percent.
U.S. stocks edged higher in choppy trade on Monday as investors scooped up shares beaten down in last week's sell-off, including materials and technology stocks, but caution persisted over plans to curb bank risk-taking.
Sales of previously owned homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support.
U.S. businesses plan to increase hiring and capital spending in the first half of this year, a survey showed on Monday, steps that could give the economic recovery further impetus.
U.S. stocks rose on Monday, set to snap a three-session sell-off that wiped out index gains for the year, as U.S. Federal Reserve Chairman Ben Bernanke edged closer to winning support for a second term.
Sam's Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members.
Oil prices slipped slightly on Monday to approach a one-month low near $74 a barrel on continuing signs of weak demand and concerns over a U.S. proposal to tighten bank trading rules.
Corrects city where Cisco CEO spoke in paragraph 11
U.S. stocks slightly pared gains on Monday after data showed sales of used homes fell more than expected month over month in December.
The S&P 500 rose slightly in early trading amid signs over the weekend that Fed Chairman Ben Bernanke will be confirmed for a second term.
American International Group Inc said it has restricted the personal use of corporate aircraft by its executives, other than its chief executive.
U.S. stock index futures pointed to a strong gain at the open on Monday and looked set to reverse a three-day selling spree that wiped out index gains for the year as U.S. Federal Reserve Chairman Ben Bernanke edged closer to winning support for a second term.
U.S. stock index futures pointed to gain at the open on Monday after the worst 3-day slide in 10 months following fears a White House plan to curb risk-taking by banks would cut profits.
U.S. stock index futures pointed to a 1 percent rise on Monday after the worst 3-day slide in 10 months, which came on fears that the White House plan to curb bank risk-taking would cut profits.
Oil prices steadied below $75 a barrel on Monday, after slipping toward a one-month low on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter Chinese monetary policy and a U.S. proposal to toughen bank trading rules.
Stock index futures pointed to a rebound on Wall Street on Monday following last week's sharp sell-off, with futures for the S&P 500 up 0.82 percent, Dow Jones futures up 0.74 percent and Nasdaq 100 futures up 0.51 percent at 4:15 a.m. EST.
World stocks added to the previous week's fall on Monday, weighed down by Wall Street losses, uncertainty over U.S. bank plans and concern that Greece's debt crisis could spread.
President Barack Obama's proposals to split traditional banking activities from riskier areas will harm U.S. banks without international co-ordination, a prominent Swiss banker said in Monday's Financial Times.
Oil prices fell on Monday, approaching one-month lows near $74 a barrel, on continued market unease over possible tighter monetary policy in China and a U.S. proposal to tighten bank trading rules.
