Result Page 1260 for Latest Markets / Finance News & Archive

Nikkei down as exporters slip on strong yen

Japan's Nikkei stock average slipped 0.6 percent on Thursday, as the yen rose to a fresh two-month high against the dollar weighing on Toyota Motor Corp and other exporters.

BofA seeks to repay $45 billion by year-end: report

Bank of America Corp wants to pay back $45 billion in bail-out funds by the end of the year, accelerated by a program to raise capital, the Financial Times reported on its website late on Wednesday.

Forex Daily Commentary - 21/05/2009

Australian Dollar: The Australian Dollar took a bit of a hit in Asian trade yesterday falling from a seven and half month high of 0.7783

Fed mulled increasing debt purchases in April

The Federal Reserve said on Wednesday it saw modest improvements in the U.S. economy last month, but it still saw big risks and left open the possibility of increasing its purchases of mortgage-related and government debt to keep credit flowing and spur recovery.

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Wall Street retreats on Fed outlook

Stocks fell on Wednesday, led by financials in a late-stage sell-off, after the Federal Reserve gave a more pessimistic view on the economy, tempering hopes for a quick recovery.

Obama to sign credit card crackdown into law

President Barack Obama was expected to sign into law on Friday a package of sweeping new limits on credit card interest rates and fees that won final approval from the U.S. Congress on Wednesday .

SEC offers 2 ways to give shareholders more say

Shareholders would have greater power to nominate corporate directors, a process now tightly controlled by company management, under a proposal issued by the U.S. Securities and Exchange Commission on Wednesday.

Philly Office Gameplan

MAIN FOCUS: FSLR using yesterday's high as buy trigger. If it holds above 194.29 it should retest $200 area. This may need some time to settup.

Obama voices concern about long-term joblessness

President Barack Obama, speaking to a high-level advisory panel of economic experts, said on Wednesday that U.S. financial markets had improved recently but he was concerned the country would face higher unemployment for some time.

Congress approves credit card crackdown

The U.S. House of Representatives voted on Wednesday to approve legislation to curb sudden credit card interest rate hikes and hidden fees, with President Barack Obama expected to sign it within days.

Financials and Fed caution sink Wall Street

Stocks fell on Wednesday, as financial shares sold off following their recent run-up and as the Federal Reserve offered a more pessimistic view on the economy's prospects.

Financials, Fed caution sink Wall St

Stocks fell on Wednesday, as financial shares sold off following their recent run-up and as the Federal Reserve offered a more pessimistic view on the economy's prospects.

WD to sell Manufacturing Facility to Hitachi

Western Digital Corp. will sell its Sarawak, Malaysia, substrate manufacturing facility to a subsidiary of Hitachi Global Storage Technologies, the hard drive manufacturing unit of Hitachi, Ltd.

U.S. investigators probe FTC Capital for fraud

U.S. investigators searched the New York offices of FTC Capital Markets Inc for evidence in a suspected investment fraud possibly involving hundreds of millions of dollars, a source familiar with the probe said on Wednesday.

Credit card crackdown wins Congress approval

The U.S. Congress on Wednesday gave final approval to a bill that would impose sweeping new limits on the credit card industry, with President Barack Obama expected to sign it into law within days.

Fed mulled increasing debt purchases in April: minutes

The Federal Reserve said on Wednesday that it saw modest improvements in the U.S. economy last month, but considered increasing purchases of mortgage-related and government debt to spur recovery.

Defensives lift Wall Street

Stocks rose on Wednesday as shares of McDonald's Corp and Procter & Gamble Co advanced on positive broker comments, but profit-taking in financials and the Federal Reserve's cautious comments on the economy kept gains in check.

Fed mulled increasing Treasury buys: minutes

The U.S. Federal Reserve saw modest improvements in the economic outlook at its April meeting, but mulled increasing purchases of mortgage agency and government securities to give the recovery an additional push, minutes of the meeting showed on Wednesday.

N.Y. charges 16 people in stock commissions case

Sixteen people who worked for defunct securities firm Joseph Stevens & Co Inc have been indicted over a scheme that netted $6.2 million in unlawful stock commissions, the Manhattan district attorney said on Wednesday.

Judge may rule by next month in WaMu/JPMorgan case

A bankruptcy court judge on Wednesday said she may rule by next month on efforts by Washington Mutual Inc to get back more than $4 billion in cash deposits to which it lost access when the bank was sold to JPMorgan Chase & Co last year.

U.S. SEC offers 2 ways to give shareholders more say

The U.S. Securities and Exchange Commission proposed on Wednesday to give shareholders greater power to nominate corporate board directors, a process now tightly controlled by company management.

U.S. SEC proposes aiding shareholders' proxy access

The U.S. Securities and Exchange Commission proposed on Wednesday to give shareholders greater power to nominate corporate board directors, a process now tightly controlled by company management.

Oil hits 6-month high over $62 on U.S. stockpile draw

Oil rose 2 percent on Wednesday to touch a six-month high over $62 a barrel as government data showed a steep drop in U.S. crude and gasoline inventories ahead of the summer driving season.

Dow briefly turns negative as banks drop

The Dow industrials briefly turned negative on Wednesday as bank stocks extended losses, while the S&P 500 and Nasdaq trimmed gains.

Wall St pares gains; McDonald's, P&G lift Dow

U.S. stocks pared gains on Wednesday as a pullback in financial shares offset positive broker comments on bellwethers McDonald's and Procter & Gamble.

Economy bottoming, pay reform needed: BofA CEO

Bank of America Corp Chief Executive Kenneth Lewis, whose bank sold $13.47 billion of common stock this month, on Wednesday said the worst of the economic downturn has likely passed and that conditions will not worsen as much as feared.

Geithner says US making headway in battling crisis

U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration was making headway in calming financial markets and would have a program to cleanse toxic assets from banks' balance sheets up and running by July.

Beauty business helps puts pretty face on recession

As the economy gets ugly, droves of out-of-work Australians, male and female, are finding a career in beauty really pays.

Geithner says making headway in battling crisis

Treasury Secretary Timothy Geithner said on Wednesday the Obama administration was making headway in settling financial markets and said a program to cleanse so-called toxic assets from banks' balance sheets will start operating over the next six weeks.

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