A specialized trading strategy known as dividend trades harms markets, misleads investors, and should not be included in overall reports of trading volume, the International Securities Exchange said on Monday.
Google Inc acquired online photo-editing site Picnik, as the Web search leader continues with a deal binge includes three acquisitions in about three weeks.
The Aussie dollar rallied in early Asia yesterday before running into some resistance around the 90 cent handle to settle at 0.8975 heading into offshore trade.
Mexican billionaire Carlos Slim is happy with his current investment in New York Times Co, one of his close aides told Reuters on Monday.
Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the central bank, will step down in late June, giving President Barack Obama the opportunity to name a top policy maker.
The U.S. stock market rose on Monday as economic reports continued to signal recovery in key sectors of the economy.
Mexican billionaire Carlos Slim is happy with his current investment in New York Times Co, one of his close aides told Reuters on Monday.
A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.
UBS could be facing a total bill running to nearly 40 million Swiss francs ($36.97 million) after the Swiss government said on Tuesday it would pass on to the bank the costs of intervention in a bitter U.S. legal battle.
Argentine President Cristina Fernandez on Monday scrapped a decree to tap $6.6 billion in foreign reserves to help honor public debt this year, but ordered the use of reserves to pay multilateral lenders. In her state of the union address to Congress, Fernandez said she had signed a new decree allowing the use of about $4 billion of central bank reserves to pay lenders such as the World Bank and the Inter-American Development Bank.
Consumer spending increased slightly faster than expected in January while the U.S. manufacturing sector grew, underscoring views economic recovery is progressing.
The broad U.S. stock market rose in another light trading session on Monday due to rising shares in the tech sector and target firms linked to a flurry of mergers and acquisitions deals.
U.S. stocks headed for a second straight day of gains on Monday, boosted by AIG's deal to sell a unit for $35.5 billion and efforts to solve Greece's debt problems, which have clouded the outlook for global recovery.
Shares of U.S. airlines rose on Monday amid growing sentiment the economy may be on the mend and that the airline industry is poised for mergers.
Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
Lockheed Martin Corp, the No. 1 information technology provider to the U.S. government, is working hard to better predict and protect against increasingly sophisticated and stealthy cyber attacks.
American International Group Inc has asked former employees of its Financial Products unit for information about how much they earned elsewhere after leaving the company as it prepares to hand them retention payments, a source familiar with the matter said on Monday.
Stocks rose on Monday, boosted by AIG's deal to sell its Asian life insurance unit and prospects for solving Greece's debt problems, which have increased fears about the outlook for global recovery.
Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution.
Greece needs to take further action quickly to tackle its debt crisis and meet its budget goals, European Union Economic and Monetary Affairs Commissioner Olli Rehn said on Monday.
Britain's Prudential will buy AIG's Asian arm for $35.5 billion in the insurance sector's biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.
U.S. stocks rose on Monday, boosted by several mergers, including a deal by AIG to sell its Asian life insurance unit, and as a possible resolution appeared for debt-troubled Greece in the form of European Union aid.
The tech and capital goods sectors are leading a stock market rally on Monday on bullish industry reports and economic data that points to recovery.
Non-OPEC crude oil supply is set to surge in 2010 and 2011by 51.8 mn barrels per day and 52.3 mn barrels per day respectively and susbequently face consecutive decline from 2012, according to an analysis by Bank of America-Merrill Lynch (BofAML). The optimism comes from expected production in news fields in Brazil, FSU, Norway, West Africa and Gulf of Mexico. If Iraq and Nigeria supplies increase as announced then crude oil would find it difficult to rise above $100 over the next decade, BofAML ...
Philippines is likely to grant permission to private firms to import up to 150,000 tons rice apart from its previous allocation of 200,000 tons due to the increased demand, said an official on Monday. NFA is considering additional quantity of 100,000 to 150,000 tons for private sector importation due to the overwhelming response from them, spokesman for the state-run National Food Authority (NFA).
Consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, a government report showed on Monday.
NEW YORK, March 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles but faces an uneven recovery as consumers keep a tight rein on spending.
U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery.
Stocks extended gains on Monday after a report showed the U.S. manufacturing sector continued to grow in February, while a run-up in semiconductor company shares and Apple Inc's stock underpinned advances in the technology sector.
Goldman Sachs Group Inc's board has rejected demands from shareholders that the firm investigate recent compensation awards, recoup excessive compensation and reform pay practices.
