Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings, though some worried whether the gains were racing ahead of longer-term economic prospects.
Asian stocks rose for the ninth day in 10 on Monday, with investors still focused on upward momentum in corporate earnings and moving money into riskier, higher-yielding assets.
The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday.
(Corrects in 13th paragraph proper name of GAO to Government Accountability Office)
The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday.
Job woes despite recovery, Accused CEO dies, Top Five at Box Office
Hazem al-Braikan, a Kuwaiti CEO accused last week by the U.S. Securities and Exchange Commission of making suspicious stock trades was found dead in an apparent suicide, a security official at the Kuwaiti Interior Ministry said on Sunday, according to Bloomberg.
A brash Kuwaiti financier facing a fraud suit by U.S. authorities was found dead Sunday in an apparent suicide that sent shockwaves through the Gulf Arab financial sector.
MasterCard shares might be a better bargain than Visa Inc , according to a report in Barron's.
Citigroup Inc shares could more than double by 2012, financial weekly Barron's said in its July 27 edition, citing the company's global footprint and earnings power.
The nice thing about a deep recession is that it doesn't take much of a rebound to make the official data look healthy even if the economy is not.
Wall Street may take a breather this week after an earnings-driven rally lifted the major U.S. stock indexes to their highest levels in months.
U.S. authorities are targeting client visits by Swiss-based bankers from UBS in their efforts to identify U.S. citizens with accounts at the bank who may have evaded tax, a Swiss newspaper said on Sunday.
(Adds dropped word below in first paragraph and typo in paragraph four)
Kuwait's Al-Raya Investment Co said on Saturday it has committed no violations after the U.S. Securities and Exchange Commission sued its CEO financier Hazem Khalid Al-Braikan over suspicious stock trades.
Kuwait's Al Raya Investment said on Saturday it has committed no violations after the U.S. Securities and Exchange Commission sued its CEO financier Hazem Khalid Al-Braikan over suspicious stock trades.
High speed trading for stocks is under pressure from a senior Senator who has called on the top U.S. securities regulator to ban a certain type of orders which he says gives and advantage to some traders over others.
Citigroup Inc said it has appointed three new directors, including a former New York State banking superintendent, and given board member Jerry Grundhofer the job of chairman of its retail banking unit.
Georgia banking officials today announced that State Bank and Trust co. has agreed to acquire the assets and deposits of six community banks operated by Security Bank Corp, raising $300 million in capital for the acquisition.
New York CPAs warned of new law in effect Sunday
Bankers and traders, no matter where they work, might have Goldman Sachs Group Inc to thank for heftier bonuses this year.
U.S. regulators closed seven small banks on Friday, a pace matching a one-day total seen earlier in July and bringing the number of failures so far this year to 64.
Guaranty Financial Group Inc , the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and write-downs
Rubik's is set to unveil a new Touch Cube based on sensor technology this weekend at QVC, a TV retailer in its 'Christmas in July' segment.
CIT Group Inc , a 101-year-old lender fighting for survival, is planning a large debt exchange offer within weeks and may not sell any assets before fixing its capital structure, a source close to the company said on Friday.
The Nasdaq fell on Friday, halting a 12-day run-up, following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares lifted the Dow and the S&P 500 to fresh 8-month closing highs.
The collapse of Lehman Brothers last September marked the start of a downward spiral for big investment banks. For a smaller fraternity of Internet brokerages, it has set off a dramatic spurt of growth.
The Nasdaq fell on Friday, halting a 12-day run-up, following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares lifted the Dow and the S&P 500 to fresh 8-month closing highs.
Nortel Networks Corp, a former Canadian tech icon with roots going back to World War One, started selling key assets on Friday in an auction process that has already polarized opinion and sometimes reads like a soap opera.
Oil rose to top $68 a barrel on Friday on optimism a turnaround in the global economy would lift battered fuel demand.
