The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law at Lehman Brothers and other firms.
Goldman Sachs Group Inc CEO Lloyd Blankfein and other top executives, pressured by public outrage to slash their bonuses, still received tens of millions of dollars in distributions from an internal investment fund in 2009.
European Commission President Jose Manuel Barroso urged EU member states on Friday to agree a standby aid package Greece after Athens said it could turn to the IMF for help.
Washington's bid to put finishing touches on healthcare reform this weekend should help lift uncertainty on Wall Street, but there may be some turbulence along the way next week as the recent rally appears to be fraying.
The Federal Communications Commission plans to begin a process in a few months aimed at auctioning airwaves that failed to garner enough interest during the 2008 spectrum auction.
Republicans in the House of Representatives on Friday recommended the country's top two mortgage finance companies, the recipients of a massive government bailout during the height of the financial crisis, be phased out in four years in order to restore stability to the housing market.
The euro fell on Friday over doubts Greece would win euro-zone aid, capping its worst week since January, and concerns about the UK economy hit sterling. A report on Thursday that Greece saw limited prospects for euro-zone assistance raised concerns about the country's ability to service its debt. On Friday, the euro fell as far as $1.3502, its lowest level in more than two weeks. It was down 1.7 percent this week, its worst showing since late January.
In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.
Billionaire investor Carl Icahn launched an offer on Friday to buy Lions Gate Entertainment Corp , a move that would hamper the studio's expected bid for storied rival Metro-Goldwyn-Mayer Inc .
The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.
The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree a standby aid package for Greece next week but France and Germany struck different notes and the euro slid.
Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.
Boeing Co said on Friday it will accelerate planned increases in production of two of its popular wide-body planes to accommodate heightened demand from airlines that had curbed orders in the last two years because of the economic crisis.
Stocks ended down on Friday, with the Dow snapping its eight-session winning streak, as renewed worries about Greece sparked a climb in the dollar and weighed on commodity prices.
JPMorgan Chase & Co , the second-largest U.S. bank, paid Chief Executive Jamie Dimon $1.32 million in salary and extra compensation in 2009, according to the company's proxy filing.
Trading revenue at U.S. commercial banks fell 66 percent in the fourth quarter, the Office of the Comptroller of the Currency said on Friday, as uncertainty over pending derivatives legislation added to a seasonal slowdown in trading.
Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.
The Federal Reserve may be required to make public some of its records on emergency lending programs to banks in the financial bailout, an appeals court ruled on Friday in cases brought by news organizations.
A small company that has opened the door for companies to quickly sign endorsement deals with top athletes is eyeing the music world as its next target market.
The U.S. Senate Banking Committee will remove a provision from the financial reform bill that bank regulator Sheila Bair said could allow for backdoor bailouts, a panel spokeswoman said on Friday.
Stocks fell on Friday, following the Dow's eight consecutive days of gains as a rising dollar hurt oil prices and weighed on energy stocks.
Removes reference in 9th paragraph to FedEx being the largest package shipping company
The head of the House of Representatives' Oversight Committee said on Friday he had asked the Federal Reserve to provide all documents relating to a rule waiver that allowed then-New York Fed Board Chairman Stephen Friedman to hold and purchase stock in Goldman Sachs Gorup .
U.S. stocks slipped on Friday, after the Dow's eight days of gains, as a rising dollar hurt crude oil prices and weighed on energy stocks.
The European Union's monetary affairs chief urged the bloc's leaders on Friday to agree on a standby aid package for Greece next week after Athens said it could seek IMF help if it gets no firm promise of European aid.
Wall Street edged lower on Friday, weighed down by energy shares as crude oil prices tumbled under pressure from a rising U.S. dollar.
Bailed out British lender Lloyds Banking Group said on Friday it would return to profit this year thanks to a bigger than expected drop in bad debts, wrong-footing forecasts for another loss and sending its shares sharply higher.
Chinese food safety regulator, State Food and Drug Administration is said to have ordered a thorough investigation into the unhygienic supplies of edible oil, which is estimated to be about one-tenth of total Chinese edible oil supplies.
India's cooperative major NAFED has chalked out a scheme to develop country's high potential organic farming, thus to generate income from across the globe.
China's leading banks will likely affirm their lending will remain brisk and be more profitable this year, their immediate capital needs have been met and that souring loans are at manageable levels.
