Wall Street firms are changing their bonus policies, but the revisions are not cutting back the street's appetite for risk, according to a survey by eFinancialCareers.com
Stocks rose on Tuesday amid signs the global economy was recovering and optimism that corporate earnings reports will beat expectations.
Broker dealers must be held to a higher standard if they provide financial advice to clients, regulators told lawmakers on Tuesday as Congress weighs changes to the U.S. financial regulatory system.
U.S. antitrust regulators have approved Adobe Systems Inc's deal to buy web analytics firm Omniture Inc, the Federal Trade Commission said on Tuesday.
U.S. stocks gained sharply on Tuesday after Australia became the first G20 country to raise interest rates since the onset of the financial crisis, and on optimism for a strong U.S. earnings season.
Oil prices rose toward $72 a barrel on Tuesday as investors bought commodities to hedge against a weaker dollar, and the U.S. government forecast an increase in world oil demand.
Stocks rose sharply on Tuesday after Australia became the first G20 country to raise rates since the onset of the financial crisis, and on optimism for a strong U.S. earnings season.
Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.
Boeing Co , its reputation tarnished by the troubled 787 Dreamliner program, said on Tuesday it would delay the first flight and delivery of its 747-8 Freighter and take a $1 billion charge because of high production costs and tough market conditions.
Oil prices rose above $71 per barrel on Tuesday as the dollar slipped against major currencies and after a U.S. government agency raised its forecast of world oil demand for the fourth quarter.
Cisco Systems Inc's overture for Norway's Tandberg puts U.S.-based Polycom Inc in play as it is the only public company now left in the video conferencing market.
Stocks rose more than 1 percent on Tuesday on renewed hopes for a global economic recovery after the Australian central bank raised interest rates and in anticipation of the start of an improved U.S. earnings season.
Boeing Co , its reputation tarnished by the troubled 787 Dreamliner program, said on Tuesday that it would delay the first flight and delivery of its 747-8 Freighter, news that further eroded the credibility of the world's No. 2 plane maker.
Stocks rose at the open on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates and in anticipation of an improved earnings season.
Stocks were set to open higher on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates and in anticipation of the start of an improved earnings season.
The dollar fell broadly Tuesday while stocks rose after Australia's interest rate rise, the first in a G20 economy in more than a year, boosted confidence the global economic recovery is on track and others may follow.
Oil prices rose more than $1 to above $71 per barrel on Tuesday, helped by a fall in the U.S. dollar after a report Gulf Arab states were in talks to replace the greenback with a basket of currencies in oil trading.
Stock futures rose on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates and in anticipation of the start of an improved earnings season.
Business process outsourcing company Sykes Enterprises Inc (SYKE.O) said it plans to acquire ICT Group Inc (ICTG.O), a provider of customer management and BPO services, for about $263 million in a cash-and-stock deal, to increase scale and expand its global reach.
Japan's government put pressure on the central bank on Tuesday to avoid ending its emergency funding for companies too soon, with the finance minister saying the economy had yet to regain balance.
Pioneer Drilling Co (PDC.A) said it would increase its 2009 capital budget by $15 million, and that it amended its revolving credit agreement reducing the total commitments available under the facility.
Stocks are expected to trade higher on Tuesday as the futures for the Dow Jones industrial average, S&P 500 and Nasdaq Composite were up 0.2 to 0.3 percent at 4.18 a.m. ET.
Stock futures rose on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates.
Hong Kong stocks closed up for a
second straight session on Tuesday, spurred by gains on Wall
Street overnight, while higher gold and copper prices fuelled a
rally on commodity-related shares.
European shares rose in early trade on Tuesday, adding to gains in the previous session as further evidence of global economic recovery boosted demand for riskier assets like equities.
Britain's leading share index rose 0.5 percent early on Tuesday, drawing strength from a rebound on Wall Street overnight, with gains in banks and miners offsetting weakness in defensive telecoms and pharmaceuticals.
U.S. stocks are expected to trade higher on Tuesday as the futures for the Dow Jones industrial average DJc1, S&P 500 SPc1 and Nasdaq Composite NDc1 were up 0.2 to 0.3 percent at 0818 GMT.
A group of investors led by Starwood Capital Group and private equity firm TPG have won the auction for assets of failed Corus Bank, in a deal that will see them invest about $554 million, a source familiar with the situation said on Tuesday.
The dollar fell across the board on Tuesday while world stocks rose after Australia became the first developed economy to raise interest rates in more than a year and data showed the U.S. services sector expanded for the first time since 2008.
The U.S. Federal Reserve must pre-emptively state it will not buy more Treasury bills in order to implement a cohesive exit strategy from the massive monetary bailouts it has provided, economic consultants Ian Bremmer and Nouriel Roubini wrote in an opinion column on the Wall Street Journal's website.
