China Investment Corp, the $200 billion sovereign wealth fund, has agreed to invest about $1 billion in Los Angeles-based Oaktree Capital Management, the Wall Street Journal reported on its website on Friday.
Shares of China's top videogame company Shanda Games Ltd fell 14 percent on Friday in one of the worst trading debuts of the year, the latest indication that while the IPO market may be recovering, investors are still selective.
O2, Palm Pre's exclusive carrier when it comes to the UK from 16 October, has announced pricing for the iPhone rival which will cost the same in monthly charges as Apple's 3GS device.
Bank of America Corp formally denied U.S. Securities and Exchange Commission claims accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1merger, and said it is seeking an order dismissing the regulator's complaint.
Stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.
St. Louis Federal Reserve President James Bullard said on Friday it is difficult to communicate the Fed's likely monetary policy direction clearly to markets with benchmark interest rates near zero.
Twitter nabbed $100 million in funding and a $1 billion valuation on Friday from five firms including mutual fund giant T. Rowe Price, as investors bet that the Web sensation's explosive growth will yield actual revenue or a lucrative deal.
New orders for long-lasting U.S. manufactured goods fell in August and sales of new homes rose below expectations, government data showed on Friday, fanning fears that recovery from recession would be anemic.
U.S. stocks fell for a third straight day on Friday on disappointing housing and durable goods data, while Research In Motion's lackluster results dented optimism about technology spending.
Stocks fell for a third straight day on Friday after disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented optimism about tech spending.
President Barack Obama's pay czar said on Friday he was using formulas and data analysis to determine executive compensation rather than relying on pay caps.
U.S. Federal Reserve officials mused about the timing and pace of the central bank's removal of its unprecedented support for the economy on Friday, saying the shift could be abrupt and might be hard to communicate to financial markets.
Ambac Financial Group , Bank of America and Germany's central bank are among new entities claiming assets against Lehman Brothers after banks and investors worldwide took losses to the largest bankruptcy in U.S. history.
IBM was the main supplier in a failed project by British intelligence to upgrade its communications system so various organizations and agents in different locations could share information, a report said on Friday.
Bank of America Corp urged a federal judge to dismiss the U.S. Securities and Exchange Commission's complaint accusing it of misleading shareholders about bonuses it let Merrill Lynch & Co pay employees before the companies' January 1 merger.
Stocks fell on Friday as investors wrestled with disappointing data on durable goods orders and housing, while Research In Motion's lackluster results dented recent optimism about technology spending.
The Dow briefly turned positive and the S&P 500 trimmed losses as gains by companies which fare better in an uncertain economy offset disappointing data.
Google Inc's voice service is an online software tool and should not be regulated, a Google lawyer told Reuters on Friday.
U.S. commercial banks reported a drop in trading revenues for the second quarter as earnings from interest products plunged, though revenues were boosted by improving credit markets, the Office of the Comptroller of the Currency said on Friday.
A shift in the Federal Reserve's accommodative monetary policy will likely come before it is clearly necessary based on economic data and could be rapid, a top Fed policymaker said on Friday.
U.S. stocks fell for a third straight session on Friday due to weaker-than-expected data on durable goods and home sales, while disappointing results from BlackBerry maker Research in Motion weighed on the Nasdaq.
President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks.
President Barack Obama's pay czar said on Friday he will not cap compensation for the top employees at bailed-out companies, and will not reveal names, when he releases the first wave of decisions within a few weeks.
U.S. commercial banks reported that trading revenue dropped dramatically during the second quarter to $5.2 billion, compared with record revenue of $9.8 billion in the prior quarter.
Oil prices rose above $66 a barrel on Friday, supported by evidence of improving consumer sentiment and heightened tension around Iran's nuclear program.
Sales of newly built U.S. single-family homes rose to their highest level in nearly a year in August, according to government data on Friday that indicated the housing market was gradually recovering from a three-year slump.
Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.
The Dow and S&P 500 stock indexes were little changed on Friday after a mixed bag of economic data, while the Nasdaq fell, hurt by disappointing results from BlackBerry maker Research in Motion.
U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum, a survey showed on Friday.
Shares of Research In Motion fell around 15 percent on Friday after the BlackBerry maker reported a lower profit and gave an outlook that fell short of analysts' expectations.
