BATS Global Markets, the U.S. exchange operator that withdrew its public offering Friday after a computer glitch sent its newly-issued stock into a tailspin, should develop a credible IPO plan and go through with it in the second quarter, its founder and current director said.
China Construction Bank , the world's No.2 lender valued at $193 billion, joined smaller rival AgBank in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders.
Greg Smith, the former Goldman Sachs executive who resigned this month and condemned the investment bank in a scathing New York Times opinion column, is seeking a deal to write a book about his experience there, the newspaper reported.
Jim Yong Kim, the U.S. nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, U.S. Treasury Secretary Timothy Geithner said in an interview.
Greece is well on track in its efforts to improve how it monitors its finances, the head of the European Commission's special task force said, while adding that its banking system remained in difficulty.
The United States said on Friday it would appeal a World Trade Organization ruling against a law requiring country-of-origin labels on all meat sold in grocery stores, a move that disappointed Canada and Mexico, both of which want the law changed.
Congressional investigators released details of emails from just before MF Global's bankruptcy that renew questions about whether anyone at the failed brokerage authorized the use of customer funds to cover an overdraft in London.
The battered housing market looks to be on the mend as buyers make a tentative return and house prices stabilize.
Portfolio managers will be doing some last-minute shopping for winners from the big stock market rally as they take part next week in the quarter-end ritual of window dressing.
Former MF Global official Edith O'Brien said in an October 2011 email that CEO Jon Corzine gave direct instructions to transfer $200 million from a customer account to cover an overdraft in a JPMorgan account in London, according to a congressional memo released on Friday.
U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities.
AOL Inc has received buyout offers from private equity firms and has hired Evercore Partners Inc to help it sell its over 800 strong patent portfolio, Bloomberg reported on Friday.
The Federal Reserve is still working out how best to supervise large financial institutions whose failure could cause domino effects across the financial system, Federal Reserve Chairman Ben Bernanke said on Friday.
Exchange operator BATS Global Markets Inc , whose shares traded briefly on Friday before being halted due to technical glitches, said it is withdrawing its initial public offering.
The National Enquirer stunned everyone by claiming that Nick Gordon was Whitney's drug dealer, but the evidence looks a bit limp.
Gold-mining stocks may be the most attractive way for investors to boost their stake in gold, especially if they are concerned about inflation. Investing profitably is not simply a matter of picking an attractive asset -- the asset must also be purchased at an attractive price.
Stocks rose in light volume on Friday, boosted by rising energy and basic materials shares, and the S&P 500 continued to show resilience even as it posted its second negative week so far this year.
The economic recovery is gaining momentum, though there are risks to the outlook including a weak job market and soft consumption, Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday.
While the full bill won't be in effect until 2014, the health care overhaul has already benefited millions of Americans, according to the Obama administration.
The U.S. brokerage arm of UBS AG shook up its leadership ranks on Friday, removing a layer of management under Chief Executive Officer Robert McCann and giving private wealth management head Jason Chandler a bigger role.
New single-family home sales fell in February while prices jumped to their highest level in eight months, according to a government report on Friday that was the latest to paint a mixed picture of the housing market.
Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking.
Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking.
The shooting and death of Trayvon Martin has not only shaken the moral and constitutional foundations of Florida's self-defense Stand Your Ground law, but it has also affected the entire nation. George Zimmerman, of Caucasian and Hispanic descent, shot and killed the 17-year-old African American on Feb. 26 while he was walking home to his father's house after going to a nearby store to buy candy. Zimmerman, a neighborhood watch captain, has not yet been charged in the shooting.
Stocks mostly inched higher on Friday as rising energy shares offset early weakness, though the S&P 500 remained on track to break a five-week streak of gains.
Silver Wheaton Corp., which gets its revenue under contracts with producing miners rather than produce silver and other metals itself, said Friday its fourth-quarter profit rose 20 percent on higher sales volumes and higher silver and gold prices.
Stocks edged lower on Friday, keeping the S&P 500 on track for its first weekly decline in six weeks as housing-related stocks fell after data showed a drop in single-family home sales.
Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.
Zynga Inc shareholders will sell Class A shares worth about $591 million, with founder and CEO Mark Pincus alone set to reap about $227 million based on Thursday's closing price.
Stocks opened flat on Friday, though the S&P 500 was on track to end a five-week winning streak after equities suffered their worst percentage drop in two weeks in the previous session.
