China's central bank pledged to maintain loose monetary policy to support the economy and said it would ensure sustainable credit growth without resorting to heavy-handed quotas to rein in a lending spree.
Transatlantic exchange group NYSE Euronext on Thursday said it planned to cut 290 jobs in Europe and the U.S. as second-quarter earnings before one-off items dropped 34 percent to $132 million.
World stocks and commodity prices rose on Thursday after China's central bank reaffirmed loose monetary policy and European corporate earnings cheered investors, while the dollar and government bond prices fell.
Goldman Sachs Group Inc and Deutsche Bank AG were issued subpoenas by a U.S. Senate panel looking for evidence of fraud in the 2008 mortgage-market meltdown, the Wall Street Journal said, citing people familiar with the matter.
China's central bank pledged to maintain loose monetary policy and use market tools, not quota-style controls, to ensure sustainable credit growth that will support economic recovery.
Chinese stocks see-sawed in skittish trade on Thursday, as the central bank reaffirmed loose monetary policy, while other Asian markets regained enough poise after the previous day's shakeout to edge back to 2009 highs.
Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday.
Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
Oil eased toward $63 a barrel on Thursday, after sliding almost 6 percent the day before on data showing a jump in U.S. crude stocks, while the market kept an eye on measures by China to manage credit growth.
Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network cut expenses and credit-strapped consumers used their debit cards more.
A phone call to the New York Stock Exchange from an investor worried that he'd just been duped helped spark a chain of events early last week that led U.S. authorities to file fraud charges against a Kuwaiti financier, who was later found dead in his home.
Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network cut expenses and credit-strapped consumers used their debit cards more.
Corrects headline to show the company reported its fiscal third quarter results, not second quarter results
Yahoo Inc investors are disappointed it could not milk more money from Microsoft Corp, but said they were relieved a deal was struck that would allow Yahoo to focus on its other, stronger businesses.
Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network cut expenses and credit-strapped consumers used their debit cards more.
On the heels of closing a $24 billion state budget deficit, California faces new financial trouble -- from its public pensions.
Weak demand for new civilian aircraft and defense equipment pulled U.S. orders for costly durable goods down in June but the underlying trend toward an improved pace of manufacturing activity continued.
Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network sold its stake in Brazil's VisaNet, trimmed expenses and consumers used debit cards more.
U.S. stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.
Stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.
Microsoft Corp and Yahoo Inc have launched a 10-year Web search deal to challenge market leader Google but stopped short of combining other advertising businesses or suggesting any deeper ties.
Two thirds of the Federal Reserve districts across the U.S. reported weakening activity in commercial real estate despite a moderated or stabilized pace of decline in the overall economy, according to a report issued by the Federal Reserve today.
Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
Corrects final paragraph to show that Nasdaq's decliners outnumbered advancers
The pace of the recession has slowed or stabilized in most areas of the United States, the Federal Reserve said on Wednesday in a report that pointed to protracted job market weakness even as the economy transitions to recovery.
Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
The trustee winding down imprisoned swindler Bernard Madoff's former firm sued his wife on Wednesday, seeking at least $44.8 million for investors bilked in Wall Street's biggest investment fraud.
Stocks fell on Wednesday as investors worried that China's banks might be poised to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.
The wife of imprisoned swindler Bernard Madoff was sued on Wednesday by the trustee recovering money for investors defrauded in Wall Street's biggest investment fraud, court documents showed.
Bill Gross, the influential manager who runs top bond fund PIMCO, on Wednesday lambasted his industry for charging investors hefty fees for subpar performance amidst the worst economic crisis since the Great Depression.
