Profit taking in technology stocks pushed Asian shares slightly lower on Wednesday, though they remained near a 15-month high, while some stability in the U.S. dollar and a rise in inventories knocked oil below $79 a barrel.
Morgan Stanley may hand over its unit Crescent Real Estate Equities Co to Barclays Capital, the Wall Street Journal said, citing people familiar with the matter.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.24 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.34 percent.
Profit taking in the technology sector weighed on Asian stocks on Wednesday, though they stuck close to a 15-month high, while some stability in the U.S. dollar and a rise in inventories pushed oil below $79 a barrel.
The time for the U.S. Federal Reserve to start pulling back its extensive support for the economy is not close at hand and policymakers have time to decide what sequence of steps they will take, San Francisco Fed President Janet Yellen said on Tuesday.
Some investors defrauded by epic swindler Bernard Madoff on Tuesday added accounting firm KPMG , JPMorgan Chase and Bank of New York Mellon to a civil lawsuit in a New York court, lawyer Joseph Cotchett said.
Dozens of employees at Galleon Group are hunting for new jobs as investors debate how to react after the hedge fund's founder was arrested and charged with running one of the biggest insider trading schemes.
Softer-than-expected U.S. housing starts last month and a drop in prices paid at the farm and factory gate pointed to an anemic economic recovery, backing views that interest rates could stay low for a while.
Bumper payouts to bankers should be seen as part of a longer term investment in London's economy, the vice chairman of Goldman Sachs International told a debate on ethics at St Paul's Cathedral on Tuesday.
An obscure hedge fund said it offered to buy $1 billion in debt from CIT Group Inc but declined to identify its source of capital. CIT would not comment on whether it was seriously considering the offer.
Stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.
The practice of brokers giving high-frequency traders unfettered access to the U.S. stock markets is raising anxiety among industry players who fear the risks it poses and the damage that could be done to their own reputations.
The dollar bounced back from a 14-month low against a basket of currencies in volatile trading on Tuesday as policymakers in Europe and Asia commented on the greenback's decline and options-related buying kept it from pushing though key levels.
The Aussie dollar continued to press higher in Asia yesterday trading marginally above the 93 cent handle following the release of the RBA board minutes with the central bank continuing to send the same bullish signals on interest rates. Support for the high yielding AUD continued throughout European trade with buyers lining up ahead of 0.9250 that was until North American investors entered. Disappointing housing data out of the U.S triggered a flight back into the Greenback and subsequently pus...
U.S. stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.
The internal watchdog for the U.S. Internal Revenue Service is expected to warn the agency for the fourth time about fraud in the multibillion dollar homebuyer tax credit program, according to a report to be released at a congressional hearing later this week.
Yahoo Inc's third-quarter profit more than tripled from a year ago, beating Wall Street estimates and sending its shares climbing 3 percent.
U.S. stocks retreated from 12-month highs on Tuesday as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers including Apple and Caterpillar.
California's attorney general sued State Street Corp on Tuesday for committing an unconscionable fraud against the state's largest pension funds and is seeking to recover more than $200 million in alleged illegal overcharges and penalties.
Space agencies and Google Inc are helping an international project to monitor forests by satellite to fight global warming, the head of an international earth observation group said on Tuesday.
U.S. stocks retreated on Tuesday, marking the third pullback in 12 sessions, as disappointing housing and inflation data prompted investors to book recent gains despite strong results from bellwethers, including Apple and Caterpillar.
The internal watchdog for the Internal Revenue Service is expected to warn the agency for the fourth time about fraud in the multibillion dollar homebuyer tax credit program, according to a report to be released at a congressional hearing later this week.
U.S. Senator Charles Schumer on Tuesday jumped in to the debate over anonymous trading venues known as dark pools, calling for tough new regulations a day before the U.S. Securities and Exchange Commission meets to consider new rules.
Credit Suisse said on Tuesday it would make executives wait three-to-four years for their bonuses, as governments press banks to use compensation packages to limit excessive risk taking.
U.S. stocks dropped on Tuesday, as disappointing data on the housing market outweighed strong earnings from bellwethers Apple and Caterpillar.
U.S. regulators voted on Tuesday to end a government program that guarantees some debt issued by banks, but also to set up a 6-month safety net facility.
President Barack Obama will announce a package of initiatives on Wednesday to increase credit to small businesses, an administration official said on Tuesday.
Asset manager BlackRock Inc on Tuesday reported quarterly earnings rose a stronger than forecast 46 percent as more risk-tolerant clients shifted their investments to higher-margin products like stock and bond funds.
Chemical maker DuPont posted a higher-than-expected 11 percent jump in third-quarter profit on Tuesday, but revenue fell short of Wall Street estimates.
U.S. stocks fell on Tuesday as strong quarterly results from bellwethers such as Apple and Caterpillar were offset by disappointing data on housing starts and inflation.
