Stock index futures pointed to a lower open on Friday after weak European economic data fanned concerns about the depth of the global recession and UBS cut its rating on global equities.
J.C. Penney Co Inc posted a lower quarterly profit on Friday as efforts to contain costs and trim inventory failed to overcome a decline in sales, and its shares fell 5 percent before markets opened.
Abercrombie & Fitch Co posted a much bigger-than-expected quarterly net loss as cost-cutting efforts failed to offset a sales decline, and its shares fell 7.5 percent in premarket trading.
The U.S. oil price fell almost $1 to below $58 on Friday, pressured by weak demand and as the U.S. dollar firmed against the euro.
Stock index futures pointed to a lower open on Friday ahead of consumer price data, while some financial shares rose on news that four insurers can tap government bailout money.
The U.S. oil price fell toward $58 on Friday, pressured by weak demand and as the U.S. dollar firmed against the euro.
U.S. life insurers Principal Financial Group, Ameriprise Financial Inc and Prudential Financial Inc, all with a solid capital position, may not accept funds under the U.S. Treasury's Troubled Assets Relief Program , analysts at Keefe, Bruyette & Woods said.
The U.S. oil price firmed slightly toward $59 on Friday as global stock markets rose, although weak demand capped oil's gains.
Oil prices rose toward $59 on Friday as European equities opened higher, shrugging off gloomy German economic data and a firmer dollar.
U.S. Federal Officials have urged banking giant Bank of America Corp to revamp its board and bring in directors with more banking experience, the Wall Street Journal said.
Hartford Financial , the No. 4 U.S. insurer beset by worries about capital, won approval on Thursday to raise $3.4 billion via the government's bank bailout plan, sending its shares 6 percent higher.
Two U.S. Securities and Exchange Commission employees are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a source familiar with the matter said on Thursday.
Hartford Financial , the No. 4 U.S. insurer beset by worries about capital, won approval on Thursday to raise $3.4 billion via the government's bank bailout plan, sending its shares 6 percent higher.
Private equity firm The Carlyle Group has agreed to pay $20 million to the State of New York and follow a new code of conduct rules for interacting with public pension funds to settle a corruption investigation carried out by the office of New York Attorney General Andrew Cuomo.
Tom’s objective was to secure a highly coveted pharmaceutical sales position. His main concern—one brought up in previous interviews—was that he lacked the preferred business-to-business (B2B) sales experience.
Private equity fund The Carlyle Group will pay a $20 million penalty to settle its role in a probe of investment firms that hired politically connected people to help them get chosen to manage New York state's pension fund, the state's attorney general said on Thursday.
Wells Fargo & Co., whose chief executive previously said the bank did not need or want a $25 billion infusion from the government last year, said on Thursday it is set to make its next quarterly dividend payable to the U.S. Treasury on Friday.
International Energy Agency on Thursday said global demand in oil consumption will fall 3% in line with the OPEC agreements rising prices due to sentiment rather than supply and fundamentals demands.
The Obama administration moved on Wednesday to exert more control over the shadowy over-the-counter derivatives market, now closely linked to the global credit crisis.
The number of U.S. workers filing new claims for jobless benefits rose last week, Labor Department data showed on Thursday, largely pushed up by auto plant shutdowns related to Chrysler's bankruptcy.
Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry.
Adoption of new technology could lower total energy consumption of US by 2030 according to a study released today by the American Council for an Energy Efficient Economy (ACEEE).
A severe kernel security hole was detected in Windows 7 RC security researcher 360 Security said on Thursday.
The recovering high-yield, high risk debt market has lost two managers at Black Rock, Inc, according to a report.
U.S. securities regulators plan tougher rules to hold investment advisers more accountable for their clients' money following money manager Bernard Madoff's massive fraud of as much as $65 billion over two decades.
Stocks rose on Thursday as a recent pullback fueled buying of technology and financial shares on bets that equities may extend the run-up from early March.
President Barack Obama pressed the U.S. Congress at a town-hall meeting on Thursday to pass credit card reform measures cracking down on abusive practices by credit card companies.
About $1 billion has been recovered to pay back the defrauded customers of swindler Bernard Madoff, but settlements in the coming weeks will boost the number significantly, the trustee winding down the Madoff firm said on Thursday.
U.S. securities regulators plan tougher rules to hold investment advisers more accountable for their clients' money following money manager Bernard Madoff's massive fraud of as much as $65 billion over two decades.
Lehman Brothers Holdings Inc , which sent global markets into a tailpsin after filing for bankruptcy in September 2008, is looking at spinning off its remaining assets, the Wall Street Journal said in an unsourced article.
