JPMorgan Chase & Co is disbanding its stand-alone Principal Investment Management Group's hedge-fund business and private-equity division and shifting staff from this unit to sit within existing businesses, according to a person familiar with the reorganization.
Planned layoffs at U.S. firms fell for a fourth consecutive month in May, reaching the lowest level in eight months and offering another sign that the United States may be pulling out of a steep economic tailspin.
U.S. private employers chopped more than half a million jobs in May, signaling job conditions remain tough and dashing some hopes the economy was not deteriorating as rapidly as thought, a report on Wednesday showed.
A nationwide index of non-manufacturing economic activity is expected to show activity slowed in May, but less so than in April, according to economists polled by Reuters.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were set to take profits ahead of key macroeconomic data on jobs and manufacturing.
The oil markets' seven-day rally faltered on Wednesday ahead of weekly U.S. inventory data and as investors grew more cautious ahead of the $70 a barrel mark.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were set to book recent gains ahead of key macroeconomic data on jobs and manufacturing.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were poised to pocket a portion of their recent lofty gains ahead of key macroeconomic data.
European stocks fell on Wednesday and government bonds ticked higher after investors turned cautious after optimism about the global economy pushed world stocks to fresh 7-1/2 highs and sterling to 2009 peaks earlier.
U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as investors were poised to pocket a portion of their recent lofty gains ahead of key macroeconomic data.
Distrust of business has risen in the wake of the financial crisis and about half those surveyed around the world see the private sector as corrupt, watchdog Transparency International said on Wednesday.
Asian shares hovered close to eight-month highs on Wednesday, pausing for breath after rallying on optimism that the global economy is through the worst, while the dollar struggled near its latest set of lows for the year.
Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.
The flagship U.S. program to revive consumer and small business lending picked up pace in June, showing investors have grown more comfortable with taking part in the government initiative and appetite for risk has increased across all markets.
JPMorgan Chase & Co. took the lead among financial institutions to raise at least $8.7 billion after the Federal Reserve imposed additional capital requirements on banks seeking to repay government aid received.
Sony has its plans to debut the awaited PSP Go in October with a suggested price of $249 at an ongoing event in Electronic Entertainment Expo (E3) 2009 conference in Los Angeles.
Clinton-era Securities and Exchange Commission Chairman Arthur Levitt has signed on as an advisor to Goldman Sachs Group Inc , the Wall Street firm said on Tuesday.
Pending sales of previously owned U.S. homes shot up by 6.7 percent in April, the biggest monthly gain in 7-1/2 years, according to a report on Tuesday that buttressed views the U.S. recession was easing.
Pending sales of previously owned U.S. homes shot up by 6.7 percent in April, the biggest monthly gain in 7-1/2 years, according to a report on Tuesday that buttressed views the U.S. recession was easing.
Stocks rose for a fourth straight day on Tuesday as an upbeat report on home sales bolstered hopes for an economic recovery as well as shares in construction companies.
Sun Microsystems opens the annual JavaOne conference this year with the debut of Java Store, a global marketplace for cutting-edge Java applications.
Stocks rose for the fourth straight day on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.
Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised more than $19 billion as lenders scramble to extricate themselves from Washington's grip.
Data suggests that the U.S. ban on short selling of financial stocks in 2008 did not impact stock prices, the chief executive of exchange operator Nasdaq OMX Group Inc told business leaders on Tuesday.
U.S. distressed debt, among the hardest hit asset classes last year, has become the best, with returns of 39.5 percent year to date as risk appetite improves, Bank of America Merrill Lynch said.
The FBI and other U.S. agencies are working to prevent fraud and corruption related to government bailout money and the economic stimulus package, in what could be the next wave of cases in the financial crisis, FBI Director Robert Mueller said on Tuesday.
Stocks rose on Tuesday as an upbeat report on sales of previously owned U.S. homes bolstered hopes for an economic recovery.
Pending sales of previously owned U.S. homes shot up by 6.7 percent in April, the biggest monthly gain in 7-1/2 years, according to a report on Tuesday that buttressed views the U.S. recession was easing.
U.S. employers and recruiters have largely given up expectations for an increase in hiring this year, and more are cutting starting salaries, according to a semi-annual survey by Dice Holdings Inc.
Clinton-era Securities and Exchange Commission chairman Arthur Levitt has signed on as an advisor to Goldman Sachs Group Inc , the Wall Street firm announced on Tuesday.
