Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on September 27, a federal judge ordered on Thursday, postponing the proceeding from July 29 in the biggest insider trading case of a generation.
Hedge fund manager John Paulson, a long-term investor in Bank of America , said on Thursday he welcomed the settlement reached between the lender and mortgage bond investors.
The Greek parliament approved detailed austerity and privatization bills on Thursday in a crucial vote to secure emergency funds and avert imminent bankruptcy, but longer-term dangers still lurk.
Google Inc can be sued for allegedly violating federal wiretap law in a lawsuit over the data collection methods of its Street View cars, a judge has ruled.
Argentina suffered a setback over its $100 billion debt default in 2002 when New York's highest court said the country should keep paying interest on some bonds even after they mature or investors demand their principal back early.
Google Inc stopped inviting users to join its new social network less than 48 hours after beginning a limited rollout of the service.
The vast majority of self-directed investors say they don't understand the fees their brokers charge, and they aren't happy about it, says a new survey.
Treasury Secretary Timothy Geithner has signaled to White House officials that he is considering leaving the administration after a deal to raise the U.S. debt limit is reached, Bloomberg News reported on Thursday, citing three anonymous sources.
U.S. stocks ended a volatile quarter on Thursday with their biggest four-day rally since September as positive economic data and a temporary resolution of Greece's debt crisis indicated further gains in July.
Hedge fund manager John Paulson, a long-term investor in Bank of America , on Thursday said he welcomed the settlement reached between the lender and mortgage bond investors.
The Federal Reserve ended its $600 billion bond-buying program, known as QE2, on Thursday and has yet to offer any hints of more monetary easing to come.
MBIA Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion.
Investors in Nasdaq newcomer Crumbs hope to cash in on the cupcake craze.
Google Inc can be sued for allegedly violating federal wiretap law in a lawsuit over the data collection methods of its Street View cars, a judge has ruled.
U.S. stocks advanced for a fourth straight day on Thursday in an end-of-quarter rally that was boosted by a surprisingly strong economic report covering the U.S. Midwest.
Business activity in the U.S. Midwest grew more than expected this month, helped by a jump in new orders, a report showed on Thursday.
The London Stock Exchange's aborted bid for Canada's TMX Group has raised the tally of failed cross-border exchange deals to three in four as the sector faces an uphill battle to secure longed-for consolidation.
A slew of lay-offs hitting banks gathered pace on Thursday, with thousands more job losses set to hit retail businesses and market divisions, as lenders fight off a limp economic recovery, trading woes and tougher regulation.
St. Louis Federal Reserve President James Bullard said on Thursday that while the central bank's massive bond buying program impacted financial markets immediately, its effect on the broad economy will lag by as much as a year.
Wall Street rose for a fourth consecutive session on Thursday in an end-of-quarter rally that was boosted by a surprisingly strong economic report covering the U.S. Midwest.
As Europe struggles to put together a second bailout of Greece, to supplement the rescue effort launched last year, the crisis may force a second bailout of another indebted country in the region: Ireland.
Emerging market debt issuance has soared in the first six months of 2011, driven by heavy corporate bond volumes and flying in the face of debt problems in the developed world, but risk aversion may erode demand in the second half.
St. Louis Federal Reserve President James Bullard said on Thursday that while the central bank's massive bond buying program impacted financial markets immediately, its effect on the broad economy will lag by as much as a year.
President Barack Obama will hold a town hall meeting on the U.S. economy and jobs on July 6, the White House said on Thursday, but it will be in the virtual world of Twitter, not a brick and mortar building.
Emerging market debt issuance has soared in the first six months of 2011, driven by heavy corporate bond volumes and flying in the face of debt problems in the developed world, but risk aversion may erode demand in the second half.
The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.
Germans are increasingly afraid of becoming the target of cyber-criminals, with 85 percent fearing thieves will steal their credit card data or gain online access to bank accounts.
The revised Federal Reserve rules governing how much banks charge retailers to process debit card purchases was given a big thumbs-up by some analysts, who expect the rules to be a huge boost to card networks Visa and MasterCard .
The Greek parliament passed a second austerity bill Thursday, opening the way for the EU and IMF to release a 12 billion euro ($17 billion) loan installment which Athens urgently needs to stave off bankruptcy.
Stocks gained for a fourth straight day on Thursday as equity markets rallied into the end of the quarter, boosted by a surprisingly strong report on manufacturing in the U.S. Midwest.
