Result Page 302 for Latest Markets / Finance News & Archive

Retrial between Oracle and SAP set for June 2012

Oracle Corp and SAP AG are scheduled to kick off a retrial on June 18, 2012, over copyright infringement allegations against a SAP unit, a U.S. judge ordered on Tuesday.

Salesforce's canceled HQ project puzzles investors

Web-based software maker Salesforce.com Inc's cancellation of plans to build a massive office complex in San Francisco has puzzled investors and city officials.

Goldman CEO details hiring plans in Salt Lake City

Goldman Sachs Group Inc plans to add 300 workers to its fast-growing office in Salt Lake City, Utah, by the end of the year, Chief Executive Lloyd Blankfein told employees at a town hall meeting there on Tuesday, according to a Goldman staffer who was present.

Moody's must face whistleblower analyst's claim

Moody's Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated against him for questioning its ratings practices for risky mortgage debt.

More news

The iPad 3 units are being loaded on planes

Apple’s Market Capitalization on Brink of $500 Billion

Shares of Apple (NYSE: AAPL) briefly rose Tuesday to push the company’s market capitalization to a record $501 billion. Later, the shares closed at a record $536.41.

BofA's Montag sees investor risk appetite rising

It's not a message you hear often from risk-averse big banks but Bank of America Corp Co-Chief Operating Officer Thomas Montag on Tuesday told a roomful of hedge fund investors and managers that he had some good news.

Wall St edges higher on data, lower oil; tech leads

Stocks rose modestly on Tuesday as U.S. consumer confidence data and a sharp drop in oil futures prices relieved worries about lackluster spending.

PIMCO's Gross shifts to defensive investment model

It's time for defense, says Bill Gross, manager of the world's largest bond fund.

Dutch parliament backs Greek bailout, reluctantly

The Dutch parliament, which has been heavily critical of euro zone bailouts, gave grudging backing to Greece's second rescue package on Tuesday saying it was needed to stabilize the currency bloc.

Tenet says delayed payments from insurers hit results

Tenet Healthcare Inc on Tuesday said delayed reimbursements from some insurers caused it to report quarterly earnings below analyst estimates but the No. 3 U.S. hospital chain raised its full-year outlook because it expects to be paid later in the year.

Shares of Silver Mining Companies Jump

Shares of silver mining company shot up Tuesday, riding a jump in the price of silver as well as a wave of optimism that lifted most equity indexes.

Wall Street advances on confidence data; semis, retail

U.S. stocks gained on Tuesday as strong U.S. consumer confidence data outweighed initial disappointment caused by a disappointing report on durable goods orders.

EU Commission pressures Spain on budget

Spain must explain soon to the European Commission why its 2011 budget deficit was substantially higher than expected and deliver clear future budget plans, the Commission said on Tuesday.

JPMorgan targets $24 billion in annual profits

JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.

Tenet posts net loss but boosts outlook

Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense but raised its earnings forecast for 2012.

Instant view: Consumer confidence at 1-year high in February

Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.

JPMorgan targets $24 bln in annual profits

Impala Platinum Loses $263.66M in Illegal Rustenberg Strike

Impala Platinum , the world's second-largest platinum producer, said on Tuesday the costs of an illegal strike at its key Rustenburg operation in South Africa have reached 100,000 ounces and a loss of income of 2 billion rand ($263.66 million).

Tenet posts net loss, but boosts outlook

Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense, but raised its earnings forecast for 2012.

Housing secretary says FHA faces big risks

The Federal Housing Administration faces considerable risks to its finances and the Obama administration will continue to scale back the agency's presence in the mortgage market, the top U.S. housing official said on Tuesday.

Factory data clouds view on recovery's strength

New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

S&P downgrades Greece to selective default

Standard & Poor's on Monday cut Greece's long-term ratings to 'selective default', the second ratings agency to proceed with a widely expected downgrade after the country announced a bond swap plan to lighten its debt burden.

Wall Street rises on data, chipmakers up

Stocks rose on Tuesday on strong U.S. consumer confidence data, but gains were capped after a report showed a drop in durable goods orders.

Instant view: Durable goods sink most in 3 years in January

New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

Boeing set to deliver new upgraded 747 to VIP buyer

Boeing Co was set to make a first delivery of the passenger version of its upgraded 747, its largest and most recognizable commercial airplane, to an unnamed VIP customer on Tuesday, capping a development delay of more than a year.

Consumer confidence at 1-year high in February

Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.

U.S. bank industry in position to lend more: FDIC

The U.S. banking industry continues to recover from the economic downturn and the 2007-2009 financial crisis, with profits rising over the past year, but the improvement can only continue if lending picks up, the Federal Deposit Insurance Corp said.

January durable goods orders drop most in 3 years

New orders for long-lasting U.S. manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

ECB puts Greek banks on emergency aid after downgrade

Greece's central bank is likely to step in to smooth funding for the country's banks after an earlier-than-expected downgrade of the nation's credit rating prevented them from borrowing against Greek government bonds.

Australia's Kingsgate to boost Thailand gold yield

India Gold Seen Rising above 29,000 Rupees

Indian gold futures, which struck a two-month high last week, could extend gains to top 29,000 rupees, a level keenly watched by the market, due to higher crude oil prices and weakness in the dollar versus the euro, analysts said.

Home prices tumble in December: S&P

Single-family home prices ended 2011 on a downbeat note as a drop in December prices sent the seasonally-adjusted index to its lowest level since 2003, according to a closely watched survey on Tuesday.

Wall Street set to open flat after durable goods data

Stocks were set to open little changed on Tuesday after a report showing a sharp drop in durable goods orders cut into upbeat sentiment a day after the S&P 500 closed at its highest since June 2008.

Yahoo Could Throw Wrench into Facebook IPO

Internet giant Yahoo could throw a wrench into Facebook’s planned $5 billion IPO by demanding that the social-networking company enter into patent licensing agreements.

Durable goods sink most in 3 years in January

New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

MARKETS / FINANCE

Pages