Result Page 1251 for Latest Markets / Finance News & Archive

Nokia takes aim at iPhone, Blackberry with N97

The flagship mobile computer N97 will begin selling in more than 75 countries this month, the world’s largest mobile-phone maker said on Tuesday.

Wall Street trims gains as financials offset data

U.S. stocks reduced earlier gains on Tuesday as financial shares came under pressure after several companies announced stock offerings. Major indexes had been higher in morning action after better-than-anticipated housing data bolstered hopes that the recession is abating.

Barclays sees $50 billion hedge fund inflows this year

Improving markets and a need to recoup 2008 losses will prompt investors to pour $50 billion into hedge funds this year and slow redemptions, Barclays Capital said in a report on Tuesday.

Bank of America touts speed in raising capital

The bank on Tuesday touted the speed with which it has raised $33 billion in capital to nearly meet a government mandated goal that will serve to protect the bank from a worse than expected downturn in the economy.

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Morgan Stanley expects TARP bailout exit in June

Morgan Stanley said Tuesday it expects to pay back the government’s TARP (Troubled Asset Relief Program) bailout investment by the end of June, announcing today that it intends to raise $2.2 billion by selling common stock.

Wall Street rises after pending home sales

U.S. stocks rose on Tuesday as key housing data provided further evidence the U.S. recession was abating.

B of A, JPMorgan, others raise $18 billion

Bank of America Corp , JPMorgan Chase & Co and several other banks said they have raised at least $18 billion as lenders scramble to extricate themselves from Washington's grip.

Exclusive: Global consumer confidence stabilizing

Global consumer confidence is stabilizing after falling for 18 months, providing a glimmer of hope for a shattered world economy in which three quarters of households cut spending, a survey showed on Tuesday.

Morgan Stanley to raise $2.2 billion to repay TARP

Morgan Stanley plans to raise $2.2 billion in common equity to bring it closer to repaying its TARP loans, the company said on Tuesday.

U.S. pending home sales see biggest gain in 7 years

Pending sales of previously owned U.S. homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group on Tuesday showed, buttressing views the U.S. recession was easing.

Morgan Stanley to offer $2.2 billion in common equity

Morgan Stanley plans to raise $2.2 billion in common equity to bring it closer to repaying its TARP loans, the company said on Tuesday.

Abu Dhabi makes $2.5 billion from Barclays stake sale

Abu Dhabi sold an 11 percent stake in Barclays on Tuesday, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears that the rally in bank shares may be over.

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Wall Street seen flat ahead of pending home sales

U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.

Abu Dhabi set for windfall on Barclays stake sale

Abu Dhabi on Tuesday sold about 3.5 billion pounds ($5.7 billion) of shares in UK bank Barclays , traders said, to reap a near 1.5 billion pound profit in just seven months.

Geithner sees China backing U.S. policy, dollar

Chinese officials are giving U.S. efforts to pump up its ailing economy a vote of confidence and understand why higher budget deficits are a temporary necessity, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

Stock futures flat to lower ahead of pending home sales

U.S. stock index futures pointed to a flat to slightly lower open on Wall Street on Tuesday as investors looked to book profits a day after the S&P 500 index jumped to its highest close in seven months on positive economic data.

Oil falls below $68 from seven-month high

Oil fell below $68 a barrel on Tuesday as prices slipped from a sharp rally to a seven-month high in the previous day.

U.S. stock index futures point to lower open

U.S. stock index futures pointed to a mostly lower open on Tuesday, on profit taking, as the market gives back some of the previous session's strong gains.

World stocks slip after recent gains

World stocks edged lower on Tuesday after a buoyant session the day earlier and the dollar climbed off its lows against major currencies.

Citi halts severance payouts to some former execs: report

Citigroup Inc told about five former top executives that they will not be paid tens of millions of dollars in promised severance payouts, the Wall Street Journal said, citing people familiar with the matter.

Oil falls below $68 after day-ago jump

Oil fell nearly $1 to below $68 a barrel on Tuesday as investors took profit from a jump of more than 3 percent a day earlier, but analysts said sentiment remained bullish amid growing signs of economic recovery.

Asia shares extend rally, hope worst is over

Improving global manufacturing data lifted Asian shares on Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.

Dow gets shake-up as GM, Citi kicked out of average

General Motors and Citigroup were kicked out of the closely watched Dow Jones industrial average on Monday, marking a historic fall from grace for two once venerable American corporations.

Bank of America wins in $1 billion-plus California lawsuit

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

Oil falls after 3-percent jump, holds above $68

Oil fell on Tuesday but held above $68 a barrel as investors took profit from a jump of more than 3 percent a day earlier, spurred by hopes of economic recovery on the back of improving factory activity.

JPMorgan, Amex to sell stock to get out of TARP

JPMorgan Chase & Co and American Express Co on Monday announced plans to sell $5.5 billion of common stock, hoping to position themselves to quickly repay funds from the government's bank bailout plan.

Wall Street jumps on recovery bets and GM; AmEx off late

U.S. stocks rose on Monday, sending the S&P 500 to its highest close in seven months, as reassuring economic data reinforced hopes that demand will stabilize, while General Motors' long-expected bankruptcy filing ended uncertainty about the automaker's fate.

Bank of America wins in $1 billion-plus Calif lawsuit

Fed lays out rules for banks wanting to repay TARP

The largest U.S. banks seeking permission to re-pay the government aid received will have to meet some conditions the Federal Reserve said on Monday.

U.S. manufacturing shrinks at slower pace in May

The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.

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