The fed Governor Ben Bernanke will today at 10am EST deliver a semi-annual monetary policy testimony to House Financial Services Committee in Washington. The Fed Chairman will comment on how the Fed observes the current U.S. economy and the value of dollar. Bernanke's comments may influence the volatility of the currency and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the USD, whereas his dovish view is considered as negative or b...
U.S. machinery maker Caterpillar Inc posted stronger-than-expected quarterly earnings on Tuesday and raised its full-year outlook, citing signs of stabilization in the world's credit markets and economies.
U.S. machinery maker Caterpillar Inc posted stronger-than-expected quarterly earnings on Tuesday and raised its full-year outlook, citing signs of stabilization in the world's credit markets and economies.
Stock index futures rose on Tuesday, a day after the S&P 500 hit its highest closing level in eight months, after Caterpillar Inc posted stronger-than-expected quarterly results.
Federal Reserve Chairman Ben Bernanke said the huge amounts of money the U.S. central bank has pumped into the economy will not undercut its ability to push borrowing costs higher when the time is ripe.
Stock index futures were little changed on Tuesday, a day after the S&P 500 hit its highest closing level in eight months and ahead of one of the busiest days of this quarter's earnings season.
World stocks approached a 9-month high on Tuesday while emerging stocks hit a 2009 peak as investors anticipated upward surprises from earnings results due later given a run of strong reports over the past week.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are down 0.1-0.2 percent, pointing to a lower start on Wall Street on Tuesday.
Asian stocks edged up to another 10-month peak on Tuesday after strong company earnings reassured investors that a U.S. economic recovery is taking root, prompting a further shift into riskier assets from the safe-haven dollar.
Asian stocks scaled a 10-month peak on Tuesday after upbeat company earnings reassured investors that a U.S. economic recovery is taking root, prompting a further shift into riskier assets and away from the safe-haven dollar.
Oil fell below $64 a barrel on Tuesday, as the dollar edged off six-week lows and on lingering skepticism over the pace of the global economic rebound.
Oil steadied near $64 a barrel on Tuesday, holding onto recent gains made as optimism over a global economic recovery sparked a rally in equity markets and a drop in the dollar.
CIT Group Inc secured a $3 billion loan facility from its bondholders on Monday and said it plans a comprehensive restructuring of its liabilities, but gave few details.
CIT Group Inc secured a $3 billion loan facility from its bondholders on Monday and said it plans a comprehensive restructuring of its liabilities, but gave few details.
After a tense week of negotiations, CIT Group inc on Wednesday announced that it has entered into a $3 billion loan facility provided by a group of its major bondholders and will begin to restructure its liabilities to provide additional liquidity and improve its capital position.
Morgan Stanley shook up its fixed-income trading leadership, two days before the Wall Street bank is expected to announce a second-quarter loss.
A U.S. judge delayed the trial of a former Credit Suisse Group AG employee on securities fraud charges to await the return on Monday of a co-defendant who fled to Spain.
U.S. lender CIT Group Inc said on Monday it secured a $3 billion credit facility from bondholders and would start a comprehensive restructuring, in moves seen crucial for the company to avoid a bankruptcy filing.
Twenty three tech companies are sued for patent infringement filed by a company named Tsera, LLC in the Eastern District of Texas in a Tyler court
President Barack Obama said on Monday that Wall Street banks had failed to show remorse for the wild risks that triggered a financial meltdown and helped to push the United States into recession.
CIT Group Inc anounced Monday it has entered into a $3 billion credit facility and has initiated a recapitalization plan:
CIT Group Inc has clinched $3 billion of emergency financing from bondholders, keeping the struggling lender out of bankruptcy, a person close to the matter said.
Nortel Networks Corp is in a stalking horse talks with Avaya Inc on its principal operating subsidiary Nortel Networks Limited (NNL) and certain of its other subsidiaries.
Toshiba on Monday introduces new lines of Digital Media Frames, not just a photo frame; it supports audio and video as well.
California's top lawmakers said on Monday they were confident an agreement with Governor Arnold Schwarzenegger on a state budget that closes a $26.3 billion deficit would be reached later in the day and voted on by the legislature on Thursday.
U.S. stocks jumped on Monday, driving the S&P 500 to an eight-month closing high, after CIT Group Inc was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week.
CIT Group Inc. has managed to get together $3 billion of emergency financing from bondholders enough to keep the struggling lender out of bankruptcy, a person close to the matter said, Reuters reported. The rescue has helped the troubled lender get time to restructure its debt. The loan however according to analysts is merely a delay of bankruptcy.
U.S. stocks jumped on Monday, driving the S&P 500 to an eight-month closing high, after CIT Group Inc was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week.
Microsoft's Macintosh Business Unit on Monday released a free Office 2008 update with service packed 2 featuring improved speed, stability and compatibility, equipped with SharePoint technology.
U.S. stocks rallied on Monday, pushing the S&P 500 to an eight-month closing high, after CIT Group Inc was thrown a lifeline to avoid bankruptcy, and investors bet corporate America would log another strong set of earnings this week.
