Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.
Morgan Stanley named a company veteran to run its U.S. prime brokerage business, which offers services ranging from clearing trades to lending money to hedge funds.
Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.
General Electric Co expects profit to be flat at its big industrial units next year as the world economy begins to recover from a brutal economic downturn.
The Aussie dollar retreated in local trade yesterday following the release of the RBA board minutes to the December meeting where rates were increased by another 0.25%.
U.S. producer prices jumped a surprising 1.8 percent last month and industrial output rose firmly, sparking inflation jitters in financial markets.
The U.S. Treasury will not recover any portion of the $3.7 billion still outstanding in loans it made to automaker Chrysler under the Troubled Asset Relief Program, according to the terms of a plan filed with bankruptcy court on Tuesday.
The U.S. Federal Reserve began a two-day meeting on Tuesday that was expected to show central bank officials are becoming more upbeat about the economy, but not enough to tighten monetary policy.
U.S. stocks fell further on Tuesday after General Electric Co , a Dow component and an economic bellwether, forecast flat 2010 profit and revenue.
U.S. stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns.
Delta Air Lines Inc forecast a $1.1 billion net loss for 2009 due to losses in its fuel hedges but said revenue trends in the fourth quarter suggested a better 2010.
Wells Fargo & Co sold $10.65 billion in stock on Tuesday to help repay a $25 billion bailout received from the U.S. government last year.
U.S. bank regulators on Tuesday approved a watered-down version of a proposal to jump-start the securitization market while boosting standards to avoid abuses that contributed to the economic crisis.
The Dow and S&P 500 fell on Tuesday, slipping from 14-month highs, as a jump in producer prices ignited fears of inflationary pressures.
Most U.S. credit card companies reported charge-offs rose in November after two months of declines in a sign that consumers remain under stress, sending shares down industrywide.
A report says that 38 percent of all U.S. stock trading is now done by firms that have naked sponsored access to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.
General Motors Co plans to repay roughly $8 billion in debt to the United States and Canada by June, a faster payback of the first portion of its bailout than the automaker previously committed to make.
Most U.S. credit card companies reported charge-offs rose in November after two months of declines in a sign that consumers remain under stress, sending shares down industrywide.
Corrects spelling of Penson Financial in 12th paragraph of December 14 story
Treasury Secretary Timothy Geithner said on Tuesday that U.S. banks will be in a better position to resume lending as they pay back the unprecedented cash injections the government provided to keep them afloat during the financial crisis.
Egypt is working on a $1 billion plan that will include increasing broadband penetration fourfold in the next four years to 4 million households, Communications Minister Tarek Kamel said on Tuesday.
The Dow and S&P 500 were slightly lower on Tuesday, slipping from 14-month highs, as a jump in producer prices ignited fears of inflationary pressures.
Dubai firms told bondholders they were safe a day after a bailout allowed troubled developer Nakheel to repay its bond, but investors still fretted over the future of the United Arab Emirates as an investment destination.
The U.S. Federal Reserve's executive compensation reforms are not significantly burdensome for Morgan Stanley and Goldman Sachs as the two Wall Street giants largely met the new standards even prior to the credit crisis, Sanford C Bernstein said.
Capital One Financial Corp and Discover Financial Services reported that credit-card charge-offs rose in November -- a sign that consumers remain under stress.
U.S. stocks fell on Tuesday after data showed producer prices rose more than expected, igniting fears of inflationary pressures.
Repayment of a $4.1 billion bond issued by Dubai developer Nakheel was set to complete on Tuesday, when other Islamic bond issuers reassured investors in replies to a soundness and health check by Nasdaq Dubai.
Wall Street was headed for a lower open on Tuesday as producer prices rose more than expected, igniting fears of inflationary pressures, and a gauge of manufacturing activity in New York state unexpectedly plunged in December.
UBS AG will not sue its former bosses after risky bets on subprime mortgages and a strategy of helping U.S. clients dodge taxes by hiding money in secret accounts brought the Swiss bank to its knees.
The government must craft a plan next year to get its ballooning debt under control or face possible panic in financial markets, a bipartisan panel of budget experts said in a report on Monday.
