MARKETS / FINANCE

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.

The U.S. trade deficit with China narrowed to its lowest level in nearly a year in February, while the nation's overall trade gap widened as strengthening domestic demand triggered a surge in imports.

U.S. stocks slipped on Tuesday as Alcoa Inc's results disappointed investors at the start of the earnings reporting season, while a drop in oil prices weighed on the energy sector.

U.S. consumer confidence rebounded in April after hitting in March its lowest level in a year, boosted by stock market gains and modest job market improvement, a research group said on Tuesday.

Greece has passed its first borrowing test since euro zone leaders agreed on a potential aid package, but the high price it paid on Tuesday for short term cash failed to quash doubts that it can beat its crisis alone.

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.

Former Washington Mutual Chief Executive Kerry Killinger on Tuesday said regulators unfairly seized the Seattle-based thrift in September 2008 and sold it to JPMorgan Chase & Co. for a bargain price of $1.9 billion.

U.S. stocks dipped on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues, as investors sought more evidence to justify the lofty levels on Wall Street.

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.

2010 is going to be another tough year for graduates. The economy is still in downturn and competition for jobs is as fierce as ever. No one said graduating was ever going to be easy!

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.

Writing your first resume can be very daunting, especially if you have little to no work experience to speak of.

The International Energy Agency (IEA) on Tuesday upwardly revised global oil demand forecast for this year by 30,000 barrels a day. In its latest oil market report, the Paris-based IEA said world oil demand will probably reach 86.60 million barrels per day this year, an increase from 84.93 million in 2009. Non-OPEC output is predicted to rise 220,000 barrels per day to 52 million barrels per day. Meanwhile, total OPEC production declined in March.

The exciting news from the CFTC gold and silver hearings seem to have coinincided with the predictable gold move.

Heads I win, tails you lose. That seems to be the latest mantra of gold vis-à-vis equity markets. Recently, Indian equity market is on a song and had crossed 18,000 points mark which was last seen over two years ago. At a time when equity market is showing gains normally bullion markets witness a fall. Because, investors shift their money from bullion to equity.

Greek literature boasts three great writers of tragedy: Aeschylus, Sophocles, and Euripides in the olden days. But, now Greek tragedy has nothing to do with literature. It is all about money or rather Euro. In the ancient days, the largest festival for Greek tragedy was the Dionysia held for five days in March or April, for which prominent tragedians usually submitted three tragedies and one satyr play each. In 2010, Greek Tragedy is again performed in March-April with three major players like G...

China is on a gold buying spree these days. The Chinese central bank-the People's Bank of China-is taking a series of steps to increase its gold reserves to ensure that the precious yellow metal replaces forex reserves held in the US dollar. Chinese people in cities, small towns and rural areas are buying gold jewellery, gold coins and gold bars for investment like never before. Gold jewellery showrooms are mushrooming across the Chinese hinterland.

With last year's panic selling fading from memory, shareholders of General Electric Co are looking for signs that the largest U.S. conglomerate's slump is nearing an end.

Investors are coming to believe that the global economic recovery is real and it is safe to invest in a Goldilocks climate of slow growth, low inflation and solid earnings, a monthly poll showed on Tuesday.

European Central Bank policymakers gave the thumbs-up on Tuesday to the euro zone's rescue package for Greece as the debt-laden country passed a key test of its ability to raise fresh funds.

ProPublica, in an historic first for online journalism, won a coveted Pulitzer Prize on Monday for investigative reporting about controversial deaths at a New Orleans medical center following Hurricane Katrina.

Wall Street was set for a slightly lower open on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months.

Good morning dear traders, my favourite crosspair EUR/USD had yesterday some strength again - it did not go into the knees as I did expect in the morning.

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.

Lehman Brothers used a small company called Hudson Castle to shift investments off its own books before it collapsed, The New York Times reported on Tuesday.

U.S. stock index futures slipped on Tuesday, a day after Alcoa reported in-line quarterly profit but lower-than-expected revenues as the Dow closed above 11,000 for the first time in almost 19 months.

Popular microblogging site Twitter is all set to unveil its advertisement model on Tuesday, which would mark its first step toward allaying concerns about its revenue generating potential.

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fall 0.1 to 0.3 percent, pointing to a weaker start on Wall Street on Tuesday.

World stocks eased off a 18-1/2 month high on Tuesday ahead of key corporate earnings, while the yen dipped after lawmakers from Japan's ruling party said it should fall to around 120 per dollar.