MARKETS / FINANCE

MasterCard Inc named Chief Operating Officer Ajay Banga as chief executive, signaling the increasing importance of emerging markets to the credit and debit card processing company.

Pimco will not be buying new Greek debt as it believes a euro zone rescue package fails to tackle the country's longer-term solvency challenges, the chief executive of the bond fund told Reuters.

Taking advantage of easy credit, highly rated U.S. companies are loading up on debt to expand and acquire rivals, sacrificing ratings in the process, Standard & Poor's said on Monday.

ProPublica, a nonprofit news organization, won a coveted Pulitzer prize on Monday for The Deadly Choices at Memorial about controversial deaths at a New Orleans medical center in the wake of Hurricane Katrina.

The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.

China's state-owned Sinopec plans to buy ConocoPhillips' stake in the huge Syncrude project in Canada's oil sands for $4.65 billion, marking one of the Asian country's largest investments ever in North America.

WHAT: U.S. March retail sales reportWHEN: Wednesday, April 14 at 8:30 a.m. ET

Tribune Co filed its bankruptcy reorganization plan on Monday, setting the U.S. newspaper publisher up for a showdown with a large group of lenders that called the terms unfair and demanded the right to propose a rival plan.

Global hedge funds took in $16.6 billion in new money in February as pension funds and wealthy investors raced to capture a piece of the industry's recent strong returns, data released on Monday show.

The Obama administration vowed on Monday to push for even tougher financial regulation reform, as legislation heads for the Senate floor as soon as next week.

The Dow industrials closed above 11,000 for the first time in almost 19 months on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors.

Electronic Arts Inc has reached a publishing and distribution deal with a new game studio formed by the creators of the Call of Duty franchise, which became a blockbuster for EA rival Activision Blizzard Inc.

General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.

China is all set to start building its third West East Pipeline project by the end of this year, according to an official statement. The pipeline is designed to transmit 30 billion cubic meters of gas annually. It will also act as a catalyst for delivering imported natural gas from Central Asia, it said.

Gold has the dubious distinction of abetting crimes across the globe. And, this time the yellow metal has done something which the world has never seen or heard till now. It is worse than 9/11 or 26/11 terror strikes on World Trade Center and Mumbai respectively. You must be wondering where did such a big crime occurred. Because, this terrorism is a bloodless one. Here, only gold and dollars are involved - that too in trillions. The new crime is called financial terrorism. And if you dare to ex...

U.S. stocks rose on Monday as expectations of solid first-quarter earnings spurred buying in financial, energy and industrial sectors, while news of an aid plan for Greece calmed worries about sovereign risk.

General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.

Morgan Stanley Chief Executive James Gorman was not satisfied with his firm's financial performance in 2009 and believes it is time the firm begins carrying out its business plan after a make-over of key businesses.

U.S. stocks advanced on Monday after European leaders agreed to an emergency aid plan for Greece and ahead of quarterly results from Alcoa Inc, which marks the unofficial start to earnings season.

The prominent economists who determine the dates when U.S. recessions begin and end have yet to agree on what seems to be a foregone conclusion on Wall Street: the recession is over.

The global space business grew to $261.6 billion in 2009, expanding 7 percent from 2008 and 40 percent over the past five years at a time when other industries were slammed by recession, according to a report released Monday by the nonprofit Space Foundation.

Creditors of state-owned Dubai World will give their response to the indebted conglomerate's debt restructuring proposal within weeks, one of its main lenders said on Monday.

The pace of Chinese bank lending slowed in March, marking an initial victory by Beijing in its campaign to stop the world's third-largest economy from bubbling over.

James Gosling, creator of the Java computer language and one of the most prominent employees in Oracle Corp's newly acquired Sun Microsystems, has resigned from Oracle.

Iceland's former prime minister and central bank head and five other former officials acted with gross negligence in failing to prevent a banking collapse in 2008, an official investigation found on Monday.

DynCorp International Inc has accepted a $1.5 billion takeover bid, including the assumption of debt, from private equity firm Cerberus Capital Management LP , the defense contractor said on Monday, sending its shares up 48 percent.

It is too soon to determine when the U.S. recession ended as data showing economic growth resumed are subject to revision, the arbiter of U.S. business cycles said on Monday.

U.S. bank regulator Sheila Bair defended her agency's move to clamp down on excessive banker pay on Monday , saying the stability of the financial system is at stake.

Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default evaporated.