JPMorgan Chase & Co said it expects to record a $1.1 billion charge in its second-quarter results after returning $25 billion in taxpayer funds to the U.S. government.
The S&P 500 and Nasdaq rose on Friday as positive broker comments on Microsoft boosted technology shares, but the major averages lost ground for the week for the first time in five weeks.
In the month of May unemployment in the West toppled 10 percent for the first time as it reported an unemployment rate of 10.1 percent.
The S&P 500 and Nasdaq rose on Friday as positive broker comments on Microsoft boosted technology shares, but the major averages lost ground for the week for the first time in five weeks.
In the month of May unemployment in the West toppled 10 percent for the first time as it reported an unemployment rate of 10.1 percent.
Dutch twin brothers who mugged a teenager in the northern town of Groningen were arrested after being caught on camera by a car gathering images for Google's online photo map service, police said.
The Dow slipped on Friday and the S&P 500 was flat as falling oil prices pressured energy shares, but Microsoft boosted the Nasdaq and tech sector after positive broker comments for the software maker.
Eleven U.S. states on Friday called for a deeper probe into the $165 million of bonuses that American International Group Inc awarded employees in a unit whose losses led to a federal bailout of the insurer.
The Nasdaq rose on Friday, boosted by positive broker comments on Microsoft Corp, while the S&P 500 and Dow were pressured by energy shares as the price of oil eased.
Robert Allen Stanford, 59, is set to appear in court today, after he and four other associates were indicted on fraud and obstruction charges in an alleged $7 billion Ponzi scheme to defraud investors, the U.S. Department of Justice said today.
Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
Berkshire Hathaway Inc's General Re Corp and other companies have won dismissal of lawsuit accusing them of helping American International Group Inc defraud investors.
The Obama administration's proposed financial regulatory revamp could upend Wall Street brokerages by compelling brokers to put their clients' interests ahead of their own, The Wall Street Journal said on Friday
Stocks rose on Friday as Microsoft lifted technology shares following positive comments from Goldman Sachs, and bets on a recovering global economy.
First Republic Bank - in the news this week after several private equity groups, including Blackstone and the Carlyle Group reportedly expressed interest in buying it from Bank of America Corp. - is a private banking and wealth management firm focused on high net worth individuals and their businesses.
Federal Reserve Bank of Kansas City President Thomas Hoenig said on Friday that the U.S. central bank was thinking seriously about its exit strategy, but inflation was not yet an imminent danger.
Switzerland and the United States have reached agreement on a double taxation treaty, the Swiss finance ministry said on Friday, a key step toward removal from a list of tax havens.
Japanese electronics maker Panasonic Corp has made major progress in talks with anti-trust regulators on its planned takeover of Sanyo Electric Co Ltd, and is considering launching a tender offer for the smaller rival as early as next month, Kyodo news agency said.
Texas billionaire Allen Stanford will appear in federal court in Virginia on Friday to answer allegations he orchestrated a massive fraud through his Antigua bank that bilked investors out of billions of dollars.
Stocks rose on Friday as a recent spate of improving economic data beckoned investors back into equity markets for a second day, but analysts warned sentiment remained fragile.
Oil firmed toward $72 a barrel on Friday, gaining for a third day, supported by views on equity markets that the economy may be stabilizing and due to geopolitical concerns over key oil producers Iran and Nigeria.
A distressingly slow U.S. housing recovery, with inflation-adjusted home values expected to decline over the next five years, makes it unlikely that housing wealth will drive consumer spending in the next decade, a Reuters/University of Michigan survey found.
Oil slipped below $71 a barrel on Thursday in volatile trade as investors weighed signs of slightly better demand against concerns over the fragility of any economic recovery.
E*Trade priced a stock and debt exchange offers on Friday as it seeks to raise about $1.4 billion to boost its equity capital.
Stock index futures pointed to a higher open on Wall Street on Friday as a recent spate of improving economic data beckoned investors back into equity markets for a second day.
Stock index futures pointed to a higher open on Wall Street on Friday as a recent spate of improving economic data beckoned investors back into equity markets for a second day.
Former Merrill Lynch executive Winthrop Smith on Friday denied approaching Bank of America Corp Chief Executive Kenneth Lewis with two other former Merrill executives to discuss buying back all or part of the bank.
Texas billionaire Allen Stanford will appear in federal court in Virginia on Friday to answer allegations he orchestrated a massive fraud through his Antigua bank that bilked investors out of millions of dollars.
U.S. stock index futures pointed to a higher open on Wall Street on Friday as a recent spate of improving economic data beckoned investors back into equity markets for a second day.
R. Allen Stanford was arrested Thursday in Virginia by agents from the Federal Bureau of Investigations, his lawyer said, according to reports.
