Qualcomm announced its new upgraded Snapdragon processors with higher speeds, reaching 1.3GHZ with 3D, multimedia and graphics processing plus power consumption improvements at a Computex show in Taipei, Taiwan
Ally Bank, the banking unit of auto and mortgage lender GMAC, on Monday denied competitors' complaints that it is paying excessive interest rates to attract deposits while on a government-funded lifeline.
Stocks rallied on Monday as reassuring economic data spurred optimism the recession is abating, overshadowing a long-expected bankruptcy filing by General Motors.
Stocks rallied on Monday, sending the Nasdaq up slightly more than 3 percent as reassuring economic data fueled hopes the recession is abating, eclipsing a long-expected bankruptcy filing by General Motors .
The closely watched Dow Jones industrial average reshuffled the deck on Monday, removing both General Motors Corp and Citigroup Inc in a widely anticipated move.
Oil jumped more than 2 percent Monday, touching a near seven-month high as improving global factory activity bolstered expectations of an economic recovery.
Stocks rose sharply on Monday as strong economic data bolstered optimism the worst of the global recession was past, even as General Motors filed for bankruptcy and was removed from the Dow industrial index.
General Motors Corp will be replaced by Cisco Systems Inc in the Dow Jones Industrial Average and Citigroup Inc will be replaced by Travelers Companies Inc , Dow Jones Indexes said on Monday.
U.S. Treasury Secretary Timothy Geithner on Monday reassured the Chinese government that its huge holdings of dollar assets are safe and reaffirmed his faith in a strong U.S. currency.
U.S. stocks were poised for a sharply higher open on Monday as stronger economic data from China fueled optimism that the worst of the global recession was past, even as General Motors filed for bankruptcy.
The U.S. manufacturing sector contracted at a slower rate in May, while consumer spending fell modestly in April, according to reports on Monday that were further evidence the deep recession was easing.
Freddie Mac this week is offering to buy back from investors up to $30 billion principal amount of its debt to reduce its effective short-term debt, the second-largest U.S. home funding provider said on Monday.
Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
U.S. stock index futures rose more than 1 percent on Monday as stronger Chinese economic data lifted investor optimism that the worst of the global recession was past.
U.S. stock index futures rose more than 1 percent on Monday as stronger Chinese economic data lifted investor optimism that the worst of the global recession was past.
SunTrust Banks Inc , a U.S. Southeast regional bank ordered by federal regulators to raise $2.2 billion of equity capital, on Monday speeded up a previously announced capital-raising plan, hoping to benefit from recent investor demand for banks' securities.
Bank of America Corp's corporate and investment banking unit has hired Ethan Harris as head of North America economics and David Bianco as head of U.S. equity strategy, two of the highest-profile appointments since the acquisition of Merrill Lynch & Co.
Goldman Sachs was on Monday selling up to about $1.9 billion worth of shares in Industrial and Commercial Bank of China at a discount of 4 percent to 6 percent to the Chinese lender's Monday closing price, according to a term sheet.
Shares in Irish biotechnology company Elan Corp rose more than 5 percent on Monday on weekend news it was in advanced talks to sell a minority stake to U.S. drugmaker Bristol-Myers Squibb Co .
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.
Morgan Stanley and Citigroup Inc have launched their brokerage joint venture at least a month ahead of schedule, the companies said on Monday.
From time to time we like to look at what's been working (or not) in the market over various periods of time. When the market was not moving +20% in 7 weeks
U.S. consumer spending fell in April from March, despite personal income posting the largest increase in 11 months, a government report said on Monday, showing activity in the second quarter getting off to a slow start.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.
Australian Dollar: Positive sentiment towards the Aussie dollar continued on Friday entering offshore trade marginally above 79 cents amidst continued concern over the 1.75 trillion USD government debt.
U.S. consumer spending fell in April, despite personal income posting the largest increase in 11 months, a government report showed on Monday, pointing to lackluster consumption activity in the second quarter.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.
Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
China's manufacturing sector continued to expand moderately in May as new export orders improved, two surveys showed on Monday, adding to tentative signs that the world's third-largest economy is stabilizing.
U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.
