The Federal Reserve banks paid a record $46.1 billion to the U.S. Treasury in 2009 as aggressive bond purchases and lending to fight the financial crisis swelled its net income by nearly 47 percent to a record $52.1 billion.
For sale: my vote in Ukraine's election on Sunday. From 300 to 500 hryvnias ($37-$63). Can gather others who want to sell.
Stock index futures dropped on Tuesday on a subpar start to earnings season following Alcoa Inc's worse-than-expected results and Chevron Corp's warning that its income would be sharply lower.
Zimbabwe, the country with over 1,00,000 per cent inflation, has done everything to cash in on the gold boom witnessed in the world during the past year. As a result, the country's gold production has gone up by almost 35 per cent to 4.2 tonnes last year. This is a remarkable recovery fro Zimbabwe and its mining sector despite erratic power supply.
Days after the Vietnam government announced the closure of some 20 gold exchanges operating in the country, investors have abandoned the gold trading floors and turnover in the bourses has plunged. Early this month, Vietnam's central bank-the State of Bank of Vietnam-asked all the gold exchanges to shut shop by March 31. Vietnam has around 20 gold trading floors where investors could deposit a small fund and then trade 14 times the value of their initial investment.
Hackers calling themselves the Iranian Cyber Army briefly hijacked the home page of China's top search engine, Baidu Inc, on Tuesday weeks after doing the same thing to Twitter.com.
Stock index futures dropped on Tuesday on a subpar start to earnings season following Alcoa Inc's worse-than-expected results and Chevron Corp's warning that its income would be sharply lower.
Stock index futures dropped on Tuesday after Alcoa posted worse-than-expected results and Chevron warned that its income would be sharply lower in a disappointing to start to earnings season.
Household income in China surged in the last six years, especially for top earners, putting the country on track to eclipse the United States as the biggest consumer market in a decade, Credit Suisse said in a report on Tuesday.
American Airlines and its partners in the Oneworld alliance sweetened their offer to Japan Airlines to $1.4 billion to keep the struggling national carrier from joining hands with rival Delta Air Lines .
China's central bank signaled in its open market operations that it was tightening monetary conditions at a faster-than-expected pace in response to increasing concerns about the economy overheating.
U.S. stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.6 percent.
World stocks fell on Tuesday as investors digested early results from the U.S. and European earnings seasons while the dollar climbed on a Chinese view its decline has hit bottom.
Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.
Shares of Japan Airlines were flooded with sell orders on Tuesday on growing expectations the carrier is headed for bankruptcy and a delisting from the Tokyo exchange.
Asian stocks fell on Tuesday, a day after hitting a 17-month high, on investor jitters about tighter monetary policy in China, while the dollar rose after a Chinese sovereign fund official said the currency has bottomed.
U.S. retailers are in for a much better year as the economy improves, but stubborn unemployment and high consumer debt levels will limit the extent of the recovery, industry experts said on Monday.
Bank of America executive Gregory Curl is expected to lose the chief risk officer post he has held since mid-2009 as new Chief Executive Brian Moynihan installs his own circle of close lieutenants, the Wall Street Journal reported in its online edition.
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.
The U.S. Federal Reserve looks set to end its reliance on the federal funds rate, long its primary monetary policy tool, when the time comes to tap the brakes as the economy recovers.
WHAT: U.S. December retail sales reportWHEN: Thursday, January 14 at 8:30 a.m. (1330 GMT)
U.S. industrial shares lifted the Dow and the S&P 500 on Monday to new 15-month highs after China bolstered expectations the world economy would strengthen, but Nasdaq fell on profit-taking in tech stocks.
The U.S. Securities and Exchange Commission is seeking to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote on the merger between the two companies.
Star bond fund manager Jeffrey Gundlach fired back at his former employer, Trust Company of the West, on Monday, saying the firm had smeared him in a lawsuit it filed last week.
The U.S. government has provided more than $1 trillion of support to financial companies in a bid to keep credit flowing to the U.S. economy.
The Australian Dollar opens marginally higher on Tuesday against its U.S. counterpart at 0.9311.
Star bond fund manager Jeffrey Gundlach on Monday fired back at his former employer, Trust Company of the West, saying the firm had smeared him in a lawsuit it filed last week.
The White House and New York's top prosecutor attacked excessive Wall Street bonuses, as the nation's biggest banks prepare to hand out awards critics say were made possible by taxpayer bailouts.
U.S. industrial shares lifted the Dow and the S&P 500 on Monday to new 15-month highs after China bolstered expectations the world economy would strengthen, but Nasdaq fell on profit-taking in tech stocks.
