U.S. private equity firm Kohlberg Kravis Roberts & Co is reconsidering its plan to list in New York, the Financial Times reported on Thursday.
Texas billionaire Allen Stanford has surrendered to authorities and will face criminal charges on Friday tied to an alleged massive fraud involving certificates of deposit issued by his Antigua bank, his lawyer said.
Now that Goldman Sachs Group Inc has settled its $10 billion debt with the U.S. taxpayer, investors are wondering about the Wall Street firm's other looming presence -- Warren Buffett.
Microsoft finally announced that its new antivirus software, codenamed ‘Morro’, will officially be named “Microsoft Security Essentials” and comes out on June 23 serving Windows end-user for free.
Motorola unveils Endeavor HX1 Bluetooth headset
Global headset leader, Motorola on Thursday unveiled its first combine crystal talk Bluetooth headset Endeavor HX1, bundles with true bone conduction technology, and is set to hit Asia next month.
Texas billionaire Allen Stanford was prepared to surrender to U.S. authorities in Virginia on Thursday night after a warrant was issued for his arrest, Stanford's lawyer said.
IBM on Thursday said it has unleashed its free of charge Lotus Symphony, an open source alternative of Microsoft Office for viewing documents, spreadsheets, and presentation, which could give companies millions of dollars in savings.
Senior U.S. lawmakers launched an assault on Thursday on the centerpiece of the Obama administration's financial reform plan -- giving the Federal Reserve new powers to police broad risks in the economy.
American International Group Inc had questioned for years a retirement bonus plan for top managers because it was funded by a private company at no cost to AIG and that may have violated good governance standards, AIG's former CEO Maurice Hank Greenberg testified on Thursday.
Red Hat on Thursday said it has begun its beta testing on its new Qumranet's KVM (Kernel Virtual Machine) based hypervisor enterprise virtualization products, set to launch later this year.
More than 800,000 New York state residents were unemployed in May, the highest level in 33 years, and another sign the state is still mired in recession, the state labor department said on Thursday.
The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
Apple’s could sell more than 500,000 new iPhones in its debut this weekend, driving Apple’s profits for the current quarter according to analysts.
NYSE Euronext and the Depositary Trust & Clearing Corp. said they will launch a joint venture to create a new clearing house for U.S. fixed income derivatives.
Personal income taxes, a key revenue generator for most U.S. states, plummeted 26 percent, or $28.8 billion, in the first four months of 2009 compared to the same period in 2008, according to a Rockefeller Institute of Government report on Thursday.
The Dow and S&P 500 gained on Thursday, breaking a three-day losing streak, as data on the job market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
Former HealthSouth Corp boss Richard Scrushy was ordered to pay $2.9 billion on Thursday after a judge found him responsible for an accounting fraud that nearly brought down the hospital chain.
Senior U.S. lawmakers launched an assault on Thursday on the centerpiece of the Obama administration's financial reform plan -- giving the Federal Reserve new powers to police broad risks in the economy.
A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.
Stocks gained on Thursday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.
The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.
A federal appeals court said three former Merrill Lynch & Co bankers may be retried on charges they helped Enron Corp defraud shareholders over a sham transaction involving Nigerian power barges.
The Dow and the S&P 500 rose on Thursday following three days of losses as economic data pointing to stabilization in the job market and improving regional business conditions lifted investor sentiment.
Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.
Pier 1 Imports Inc posted a narrower-than-expected quarterly loss, helped by improved merchandise margins due to reduced supply chain costs and decreased clearance activity, sending the home furnishings retailer's shares soaring 25 percent.
The number of U.S. workers filing new claims for jobless benefits rose last week but the number of people staying on the benefit rolls after collecting an initial week of aid fell for the first time since January, a government report showed on Thursday.
Treasury Secretary Tim Geithner urged Congress to act quickly on the Obama administration's regulatory reform proposals, saying past efforts had started too late after the will to act had faded.
For a growing number of oil traders, there's a new math at work in the traditional career calculus: why take the stress, long hours and uncertainty of a Wall Street job when the easy money is in physical trading?
Stock index futures turned higher following a government report showing that the number of people staying on jobless benefits after drawing an initial week of aid posted its largest one-week drop since November 2001.
With many beginning to question the sustainability of the recent increase in sentiment surrounding a global economic recovery and commodity prices the Aussie dollar appears to have found some relatively solid topside resistance.
