Shares of Alibaba.com Ltd fell nearly 8 percent to a two-month low early on Friday morning after sources said parent Alibaba Group is seeking up to $4 billion in debt financing, expected to help it buy back a 40 percent stake from Yahoo Inc.
A contrite Jon Corzine, in his first public defense of his leadership of now-bankrupt futures brokerage MF Global, told U.S. lawmakers he never intended to break rules and had no clue what happened to hundreds of millions of dollars in missing customer money.
Walnut Place, a group of undisclosed investors who oppose Bank of America Corp's $8.5 billion mortgage bond settlement, is the Baupost Group, a distressed debt fund, according to an attorney for the bank.
Investors are cautiously optimistic about their investment plans in developing countries over the next 12 months despite increased concerns about the euro zone debt crisis, a survey by the World Bank's political risk insurance agency found on Thursday.
Online bargain-hunting on Cyber Monday enjoyed a breakout year in Canada in 2011, according to data released by eBay, further evidence that U.S.-style pre-holiday discounts are spreading northward.
Shares of Coinstar Inc jumped 11 percent after media reports that the kiosk maker's Redbox rental service is partnering with Verizon Communications for a new online streaming service.
EU leaders are committed to a new fiscal compact for the euro zone, including much tighter control of public finances and, in the longer term, could consider joint debt issuance, an early draft of conclusions at an EU summit said on Thursday.
Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial bazooka to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.
Europe's banks must find 114.7 billion euros of extra capital, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis and restore investor confidence.
Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial bazooka to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.
The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week, suggesting the labor market's recovery was gaining momentum.
Ford Motor Co restored its dividend for the first time in five years on Thursday, with a quarterly payout of 5 cents per share that the No. 2 U.S. automaker said it could maintain during any future downturn.
Boeing Co , on track to notch its highest number of commercial aircraft orders since 2007, is working to bag what many experts say are the last available orders in a buying spree by U.S. operators.
The European Central Bank spooked financial markets Thursday by dousing hopes of dramatic crisis-fighting action in the euro area shortly before European leaders began what the French president billed a last chance summit.
Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial bazooka to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.
U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.
Zynga Inc Chief Executive Mark Pincus on Thursday told a group of potential investors that the social games company could double the number of its paying players.
European Union leaders gathered on Thursday for a critical two-day summit focused on trying to find a solution to the euro zone debt crisis.
Most U.S. motorists surveyed acknowledged few situations in which they would not use a cell phone or text while behind the wheel although they support measures to curb both practices, data released on Thursday by the Transportation Department showed.
The following comments were made on Thursday at a House Agriculture Committee hearing to examine the bankruptcy of MF Global. It was the first hearing to bring the major players together since the firm's collapse.
U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.
Wall Street fell on Thursday, dragged down by financial stocks, after the European Central Bank tempered hopes that policymakers were readying a financial bazooka to contain the debt crisis.
U.S. President Barack Obama said on Thursday he was very concerned about the euro zone crisis and believed the European Union had the resources to solve it if leaders could find the political will.
European Union leaders gathered on Thursday for a critical two-day summit focused on trying to find a solution to the euro zone debt crisis.
Gold prices tumbled more than two percent Thursday after the European Central Bank doused hopes that it would accelerate purchases of debt-choked Eurozone nations.
Wachovia Bank, owned by Wells Fargo & Co, agreed to pay $148 million in a settlement with state and federal authorities over allegations of bid-rigging and other abuses in the municipal bond derivatives market.
Google does not work with nor does it support Carrier IQ, the software maker which has been accused of violating millions of mobile phone users' privacy rights, Executive Chairman Eric Schmidt said on Thursday.
Hackers are bombarding the world's computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through oil supply disruption.
The following are remarks by EU leaders at a meeting of the conservative European People's Party in Marseille, southern France, ahead of an EU summit in Brussels.
Bank stocks led a sell-off on Wall Street on Thursday after the European Central Bank tempered hopes that policy-makers were priming a much anticipated financial bazooka to tackle Europe's raging debt crisis.
