Top Federal Reserve officials on Tuesday offered differing messages about the direction of monetary policy, with one flagging the dangers of keeping interest rates too low for too long and another saying the economy was too weak to raise them.
EU internal market commissioner Michel Barnier was quoted on Wednesday as saying Brussels would conduct an internal investigation into the trading of credit default swaps related to Greece and other countries.
Swoozie's, a U.S. retailer of luxury gifts and stationery products, filed for bankruptcy protection on Tuesday, saying it was hurt by underperformance of recently acquired stores in the Northeast.
Director Oliver Stone was shocked when he revisited the world of high finance for the sequel to his 1987 hit movie Wall Street, describing what was happening there as the collapse of capitalism.
The White House has contacted Massachusetts Institute of Technology Professor Peter Diamond about joining the Federal Reserve's board of governors, Bloomberg reported, citing two people familiar with the discussion.
A U.S. judge sentenced a former general counsel of recruitment services company Monster Worldwide Inc to one-year probation after he pleaded guilty in 2007 and cooperated with a probe into a fraud over the backdating of millions of dollars worth of stock options.
The Securities and Exchange Commission plans to expand its New York office by about 8 percent this year as the financial regulator focuses more heavily on catching cheaters at hedge funds and brokerages.
Yahoo Inc CEO Carol Bartz said she does not believe Yahoo needs to discuss Google Inc's Internet search practices with government regulators.
The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever.
Independent wealth management shops continue to lure clients away from the big U.S. brokerages, according to a survey by online brokerage giant Charles Schwab Corp .
In a Senate hearing on Tuesday titled Restoring Credit to Main Street, witnesses stated that the inability of small businesses to obtain financing is severely hindering job creation in the United States.
The United States, pushing to promote global Internet freedom, on Tuesday declassified some of its initiatives on safeguarding government networks as it pursues partnerships in the effort.
ABC News reported on Tuesday
that while its weekly measure of U.S. consumer confidence
reversed course after hitting nearly a four-month low last
week, the gauge is still struggling to dig out of 2009 lows
after its worst year on record.
The U.S. Federal Reserve must be especially careful when the time comes to raise interest rates because of its bloated balance sheet, Minneapolis Fed President Narayana Kocherlakota said on Tuesday.
The strength of the Australian economy was evident once again yesterday following the release of a much stronger than forecast 1.2% rise in Retail Sales during January adding some support to the AUD/USD in early Asian trade.
The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two federal agencies had signed memorandum of understanding.
A former MBNA Corp executive who runs Bank of America Corp's global card services unit is leaving the company as part of a management shake-up within two of its biggest consumer businesses.
Stocks ended slightly higher on Tuesday as mergers and acquisitions supported selected sectors, but investors pulled back from recent gains in some big-cap technology and bank shares.
A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.
The euro rebounded from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to address Greece's debt crisis and held out hope for some form of help from the European Union. Earlier, the euro dropped as low as $1.3435, its lowest since May 2009, after Greece's biggest public union called for a 24-hour strike on March 16 to protest expected austerity measures from Athens. For more please [ID:nATH005239].
Supervisory powers over banks are critical for the Federal Reserve to do its job, Minneapolis Fed President Narayana Kocherlakota said on Tuesday.
The U.S. Federal Deposit Insurance Corp is expected to offer $3.8 billion of guaranteed securitizations backed by the residential mortgage assets of failed banks, market sources said on Tuesday.
Wells Fargo Advisors is in advanced talks to hire Tom Isaacs, a 25-year veteran Merrill Lynch adviser and manager, to oversee its branches in New York City, according to a source familiar with the talks.
U.S. technology companies would face civil or criminal liability unless they take reasonable steps to protect global human rights under legislation a top lawmaker plans to propose.
General Growth Properties Inc's unsecured creditors and suitor Simon Property Group on Tuesday criticized William Ackman's role in the mall owner's restructuring plan, alleging conflicts of interest given his position as a director and largest shareholder.
United Parcel Service on Tuesday said that Chief Executive Scott Davis' total compensation was roughly flat in 2009 at $6.2 million.
The head of Simon Property Group Inc said on Tuesday that despite signing an agreement, it has yet to receive any information from bankrupt General Growth Properties Inc , the smaller rival that Simon is trying to buy.
U.S. technology companies would face civil or criminal liability unless they take reasonable steps to protect global human rights under legislation a top U.S. lawmaker plans to propose.
Stocks headed for a third straight day of gains on Tuesday as investors drew cheer from more mergers and acquisitions and signs of progress in securing European financial backing for Greece.
Dow Chemical Co is selling its Styron basic plastics unit to private equity firm Bain Capital Partners for $1.63 billion.
