Stocks index futures edged up on Tuesday, pointing to a slightly firmer start for Wall Street, ahead of a Federal Reserve meeting where policymakers are expected to reiterate a pledge to keep interest rates low for a long time.
World stocks climbed on Tuesday while the dollar was corralled as investors bet the U.S. central bank will repeat its vow of keeping interest rates low for an extended period after its monthly meeting.
Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.
(Updates to note senators' news conference on Tuesday)
President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
Barclays Plc considered UBS AG its preferred merger target just weeks before it bought U.S. assets from the collapsed Lehman Brothers Holdings Inc , the Financial Times said in its online edition on Monday.
Noted global investing advisor Marc Faber says people need to accumulate some gold every month as the yellow metal is the best bet against plunging currencies. He said since gold is the only 'currency and commodity' that can withstand economic turmoils and large fiscal deficits of nations, it is imperative that people continue to buy gold. Gold is the best and soundest investment in the world, he said.
Finance ministers from the 16-country euro zone agreed on Monday to mobilize financial aid for Greece rapidly if needed but revealed little of how their standby plan for the debt-stricken nation would work.
Lehman Brothers Holdings Inc on Monday filed a plan with the U.S. bankruptcy court in Manhattan to wind down its remaining assets and operations -- and end the largest U.S. bankruptcy case in history.
Yahoo Inc's head of North American revenue and market development is leaving the company to join private online content start-up Demand Media, becoming the latest executive to depart the Web giant's ranks.
Euro zone finance ministers agreed on Monday on a mechanism that would allow them to help Greece financially if needed, but revealed no details except that it would be without loan guarantees.
(Corrects date Bradford joined Yahoo to September 2008)
The Wachovia Bank unit of Wells Fargo & Co is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation.
The Australian Dollar opens lower today against the greenback at 0.9135.
The New York Federal Reserve Bank's president would become a political appointee and bank chiefs like JPMorgan Chase's Jamie Dimon could no longer sit on the board of their regulator under a proposal unveiled by the head of the Senate Banking Committee on Monday.
Credit card delinquency rates improved at JPMorgan Chase & Co and a majority of others -- a sign the lenders still face hurdles in the wake of the deep recession.
U.S. regulators released a blueprint for upgrading Internet access for all Americans, with Internet speeds up to 25 times the current average, expanded coverage and more airwaves for mobile services.
The former president of New York's privately held Park Avenue Bank was arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.
The Federal Reserve would take on a greatly expanded role in financial regulation under new legislation unveiled on Monday by a top Senate Democrat, in a push to move ahead with the regulatory reform that has been a top priority of President Barack Obama.
Investors in February pulled an estimated $3.7 billion from U.S. stock-focused mutual funds, dashing hopes of a rebound in demand for equities, while showering $19.7 billion on taxable bond funds, according to a report from Morningstar.
The stock market rallied from a morning loss to inch into positive territory by the closing, a pattern often seen in recent sessions.
Credit card delinquency rates slipped or held firm at most major U.S. lenders last month, showing fewer Americans are falling behind on bills, and providing some evidence that the worst of consumers' stress may be over.
U.S. regulators released a blueprint for upgrading Internet access for all Americans, with an emphasis on speed, expanding coverage and freeing up more airwaves for mobile services.
Credit card delinquency rates slipped or held firm at five major U.S. lenders last month, showing fewer Americans are falling behind on bills and suggesting the worst of consumers' stress may be over.
Corrects last paragraph to make clear TARP application was made in November 2008 and chairman Glascoff spoke on March 10, 2009. The errors first occurred in UPDATE 1
Stocks were little changed on Monday as a late rebound in financial stocks offset nagging worries the Chinese government may tighten credit, a move that could slow growth in the global economy.
The former president of New York's privately held Park Avenue Bank was arrested on allegations of fraud on Monday, including charges of making false statements in the failed bank's application for U.S. government bailout funds.
Boston Scientific Corp suspended sales of its implantable heart defibrillators on Monday after failing to notify regulators of changes in how it manufactures the devices, sending shares down as much as 19 percent to a one-year low.
The stock market fell modestly on Monday as market participants digest developments on policy decisions from world governments, notably those of the U.S. and China.
The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill on financial regulatory reform unveiled on Monday by the chairman of the Senate Banking Committee, Christopher Dodd.
