Result Page 382 for Latest Markets / Finance News & Archive

Gold Falls on Weak Bullion Demand, Investor Retreat

Gold prices fell Tuesday on a lack of Asian demand for bullion and investor discouragement that four consecutive daily efforts to push the price convincingly above the mid-$1,700s failed.

India Gold Futures Down Due to S&P Downgrading

India gold futures fell back on Tuesday afternoon to their lowest level in a week, following overseas trends, where fears of a possible credit rating downgrade for eurozone nations by Standard & Poor's weighed.

S&P piles pressure on Franco-German budget plan

Standard & Poor's has warned it may carry out an unprecedented mass downgrade of euro zone countries, including Germany and France, if EU leaders fail to deliver a convincing agreement on how to solve the region's debt crisis in a summit on Friday.

Surprise S&P move sends European markets lower

European stocks, bond futures, and the euro were sent reeling on Tuesday by the shock warning from Standard & Poor's that it might downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.

More news

Lehman hearing may herald end of bankruptcy

Lehman Brothers Holdings Corp is about to take its last step toward exiting a more than three-year-long bankruptcy process, a move that should enable it to begin paying back investors next year.

Wall St up but warning on Europe chills rally

Socks gained on Monday, but the day's rally was dampened by news that Germany and other top-rated European nations could see their credit ratings cut.

Ecuador, Kinross Gold in Tentative Fruta del Norte Deal

Ecuador's government and Kinross Gold Corp. reached an agreement in principle on terms of the Canadian company's plan to produce gold from the country's Fruta del Norte deposit.

S&P warns 6 euro zone nations of possible downgrade: report

Standard & Poor's has warned Germany, France and four other top-rated euro zone countries that they risk losing their AAA rating in the next 90 days as the region's debt crisis deepens, the Financial Times reported on Monday.

U.S. Postal Service seeks to end next-day mail

The cash-strapped U.S. Postal Service on Monday moved forward with plans to end next-day delivery of letters, postcards and other First Class mail.

CFTC tightens limits on brokerages using customer funds

The U.S. futures regulator unanimously approved on Monday tighter limits on how brokerage firms can use customer funds, a measure the now-bankrupt MF Global had encouraged the agency to delay.

November service sector cools, factory orders fall

Growth in the U.S. service sector eased last month, and new orders for factory goods fell in October, tempering recent optimism that the U.S. economy may be poised for a more vigorous rebound.

Franco-German budget plan demands EU treaty change

The leaders of France and Germany agreed a master plan on Monday for imposing budget discipline across the euro zone, saying the EU's basic treaty will need to be changed in the search for a sweeping solution to its debt crisis.

Facebook grabs Gowalla team, but not technology

Facebook has hired the co-founders of Gowalla, one of the pioneering companies that developed the concept of checking in at real-world locations with mobile phones.

Paris, Berlin push for EU treaty change by March

The leaders of France and Germany said on Monday they would push for EU treaty change by March to introduce closer fiscal union and sanctions for countries flouting deficit limits in a bid to shore up confidence in the euro zone.

Stocks gain on hopes for EU debt solution

Stocks jumped at the start of what could be the most important week of the year for Wall Street as hopes grew that European leaders will find a solution to the region's debt crisis at a summit on Friday.

Exclusive: Many Americans already done with holiday shopping

More than a third of U.S. shoppers are already done with most of their holiday shopping, a survey showed on Monday, signaling that retailers need to offer bigger incentives to win sales in the few weeks before Christmas.

SAP splashes out in cloud-computing frenzy

SAP AG's $3.4 billion takeover of SuccessFactors will help it keep up with peers in the frenzied race for cloud-computing business, even if the price paid is very high at first glance, analysts said on Monday.

Gold Prices Lower on Eurozone Progress

Gold prices fell Monday after European leaders and Italy's new head of state produced specific plans for containing their sovereign debt crisis.

Wall Street gains on hopes for EU debt solution

Rajaratnam begins 11-year insider trading sentence

Hedge fund multimillionaire Raj Rajaratnam began serving his 11-year prison sentence on Monday - the longest on record for insider trading - at a former military base near a small, leafy Massachusetts town.

Highlights: Sarkozy, Merkel outline euro zone master plan

Following are highlights of a news conference by French President Nicolas Sarkozy and German Chancellor Angela Merkel following bilateral talks in Paris to hone joint proposals for more central control of euro zone budgets.

Nov service sector cools, factory orders fall

Growth in the U.S. service sector eased last month, and new orders for factory goods fell in October, tempering recent optimism that the U.S. economy may be poised for a more vigorous rebound.

Cloud stocks jump on SAP bid for SuccessFactors

Stocks of several cloud-computing companies rose on Monday, after German software giant SAP offered to buy Web-based software maker SuccessFactors at a high premium on Friday.

Instant view: Service sector growth slows in November

The pace of growth in the vast U.S. services sector slowed in November to the slowest since January 2010, according to an industry report released on Monday.

Insight: Bearish views on brokers may not be bearish enough

Investors pessimistic about the prospects of U.S. banks and brokers have some good company: Wall Street chief executives.

EBay shares gain on holiday sales optimism

EBay Inc Inc shares rose more than 4 percent on Monday after an analyst upgraded the e-commerce company, citing strong holiday sales.

Sarkozy, Merkel outline euro zone master plan

November service sector growth slows

The economy showed signs it was decelerating, with an index of service activity pointing to slower growth in November while new orders for factory goods declined in October for the second straight month.

Comcast to start selling Verizon mobile early 2012

Comcast Corp , the largest U.S. cable operator, will start selling Verizon Wireless products in four markets early next year, its top cable executive said on Monday.

CFTC approves rule on protection of customer funds

The U.S. futures regulator approved on Monday a rule that puts tighter limits on how brokerage firms can use customer funds, a measure that the now-bankrupt MF Global had encouraged the agency to delay.

Factory orders dip 0.4 percent in October

New orders for factory goods fell in October for the second straight month, suggesting a possible softening in the manufacturing sector, which has supported the economic recovery.

Software Shares up After SAP’s SuccessFactors Buy

Shares of specialty software vendors like MicroStrategy and Qlik Technologies rose sharply early Monday as investors contemplate Oracle’s retaliation for SAP’s $3.4 billion bid for SuccessFactors.

Italy would collapse without austerity plan: Monti

Italy would have collapsed without the government's tough new austerity package, Prime Minister Mario Monti said on Monday, saying his country ran the risk of a Greek-style emergency.

CFTC set to vote on rule opposed by MF Global

The futures regulator will vote on Monday on a rule that would put tighter limits on how brokerage firms can use customer funds, a measure now-bankrupt MF Global had encouraged the agency to delay.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

MARKETS / FINANCE

Pages