Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender.
NYSE Euronext said it sold a big stake in its U.S. derivatives trading platform to five powerful market players, following the pattern of exchange operators partnering with dealers in the face of possibly sweeping regulatory changes.
What do Jigsaw from Saw, Freddy Krueger, and Jason from Friday the 13th all have in common, besides serial killing? Videogames, if the horror stars' latest round of promotions are to be believed.
Stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.
U.S. stocks fell on Friday, led by financial stocks as reports painting a mixed economic picture dented optimism fed by the economy's return to growth.
U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.
U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.
Cost-cutting helped NYSE Euronext beat earnings expectations, and the transatlantic exchange operator announced the sale of a big stake in its U.S. derivatives exchange.
International controls over capital movements and new global playing rules are needed to reinvent the global financial system, billionaire investor and philanthropist George Soros said on Friday.
U.S. stocks fell on Friday, the day after logging their best gains in three months, as sectors that have led the rally pulled back.
Goldman Sachs Group plans to trim the rescue loan it arranged for CIT Group Inc by $875 million to $2.125 billion, CIT said on Friday.
U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.
Argentina's October tax collections are seen rising 7.4 percent from a year ago, pushed up by social security inflows, analysts said.
U.S. government debt market prices advanced on Friday, as weaker stocks and data suggesting a sluggish economic rebound rekindled a safety bid for bonds.
Moody's Investors Service on Friday said it has downgraded $180 billion of U.S. collateralized loan obligations, or about 65 percent of deals it reviewed, as part of a broad appraisal of CLO ratings.
Consumer prices in the euro zone fell year-on-year for a fifth straight month in October, data showed, but they are expected to start growing in November as oil costs rise above year-earlier levels.
Troubled trucking giant YRC Worldwide (YRCW.O) Inc on Thursday posted a larger-than-expected loss for the third quarter but said it was making progress on a financial restructuring as shipping trends stabilized.
European shares had drifted lower by midday of the last trading day of the month after surging in the prior session on U.S. GDP data, as falling energy stocks, hit by weaker crude prices, offset gains in financials.
U.S. consumer spending fell in September after four months of gains as a government program to boost auto purchases ended, adding to fears that economic growth could stumble without government support.
Wall Street was looking at a weak open on Friday, a day after the market logged its best gain in three months, as investors await data that will shed light on consumer sentiment and Midwest business activity.
Wall Street was looking at a weak open on Friday, a day after the market logged its best gain in three months, as investors await data that will shed light on consumer sentiment and Midwest business activity.
U.S. consumer spending fell in September after four months of gains as a government program to boost auto purchases ended, adding to fears that economic growth could stumble without government support.
World stocks crept higher on Friday, marginally extending gains that followed the United States' emergence from recession while the dollar steadied off the previous session's losses ahead of data that will add more fuel to the recovery debate.
Employment costs in the United States rose 0.4 percent in the third quarter, in line with Wall Street expectations, as the longest recession in decades continued to eat away at worker pay and benefits, Labor Department data showed on Friday.
Billionaire investor and philanthropist George Soros said on Friday China will be the biggest winner of the global financial crisis while the United States stands to lose the most.
Simon Property Group Inc (SPG.N) reported higher-than-expected third-quarter funds from operations, partly on lower operating costs, and the company raised the low end of its forecast for the year.
U.S. government debt prices added small gains briefly on Friday after data showed personal spending fell and income posted no growth in September, supporting the view of a sluggish economic rebound.
U.S. commercial real estate lender iStar Financial Inc (SFI.N) reported a wider-than-expected third-quarter loss and said it was in compliance with all of its bank and bond covenants.
