Goldman Sachs Group Inc on Friday awarded chief executive Lloyd Blankfein and other executives a stock bonus worth almost $9 million, according to a filing with the U.S. Securities and Exchange commission.
A federal appeals court reinstated on Friday a proposed class-action lawsuit accusing Dell Inc of selling defective notebook computers.
After declining for most of the day on continued worries of contagion from Greece's sovereign debt and a disappointing nonfarm payrolls report, U.S. stocks staged a comeback around 2:00 pm to close higher, led by commodities firms.
(Corrects final paragraph to show Dow briefly slipped below 10,000 on Thursday, but didn't close there)
(Corrects paragraph 2 to show Dow didn't close below 10,000 on Thursday, but did slip briefly below that level)
The Nasdaq turned positive late in the session on Friday, while the Dow and the S&P pared losses to nearly flat as investors snapped up technology and materials stocks.
A federal appeals court reinstated on Friday a proposed class-action lawsuit against Dell Inc, alleging that the company sold defective notebook computers.
A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday.
A weak job market and tight credit conditions caused consumer credit to fall $1.73 billion in December, the eleventh straight monthly decline, a report from the Federal Reserve showed on Friday.
The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
U.S. stocks fell on Friday, failing to recover from the previous day's brutal selloff, after U.S. jobs data pointed to a slow recovery and investors worried about the health of the euro zone's weakest economies.
Funds and property valued at about $370 million traced to accused Ponzi schemer Allen Stanford have been located, but disputes over control of the assets are holding up disbursement, liquidators for Stanford's offshore bank said on Friday.
The Dow industrials and S&P 500 index fell more than 1 percent in early afternoon trading on Friday, with the energy and industrials sectors weighing on the market.
Bipartisan efforts to tighten U.S. financial regulation ground to a halt in the Senate on Friday, leaving Democrats to proceed on their own and painting Republicans into an uncomfortable political corner.
The unemployment rate surprisingly fell to a five-month low in January and factory payrolls grew for the first time since 2007, hinting at a labor market recovery even though the economy lost 20,000 jobs.
U.S. stocks fell in choppy trade on Friday as investors struggled to interpret a mixed jobs report, while sovereign debt troubles in the euro zone roiled markets heading into the weekend.
JPMorgan Chase & Co JPM.N>, which reported $11.7 billion in profit in 2009, awarded Chief Executive Jamie Dimon a compensation package worth about $16 million.
JPMorgan Chase & Co JPM.N> awarded Chief Executive Jamie Dimon restricted stock worth almost $8 million plus a package of 10-year stock options, according to an SEC filing on Friday.
BTA Bank , the second-largest bank in Kazakhstan, sought bankruptcy protection in the United States to protect itself from U.S. creditors while it restructures $11.6 billion of debt at home.
U.S. stocks dropped and briefly hit session lows in late morning trading on Friday, with shares of energy companies falling as oil dropped more than $3 a barrel. An S&P index of energy stocks lost 1.8 percent.
The White House on Friday welcomed the Labor Department's report that the unemployment rate had fallen to a five-month low, saying it showed encouraging signs of gradual labor market healing.
Wells Fargo & Co's brokerage expects to add more than 1,400 financial advisers this year through a combination of poaching from rivals and training rookie brokers.
Kazakh state-run bank BTA has filed for protection from creditors in a Manhattan bankruptcy court after some of them took action against the lender which is restructuring $11.6 billion in debt.
Major U.S. indices are range-bound in the morning session on Friday as investors digest the U.S. unemployment rate report and monitor the ongoing sovereign debt contagion from Greece. The Dow has been hovering around the psychologically important level of 10,000 this session, dipping below it at various times.
U.S. stocks edged higher on Friday after a mixed jobs report and despite lingering worries over the fiscal health of some European countries.
The senator leading the effort to pass a financial reform bill said on Friday he has reached an impasse with his Republican counterpart and will begin drafting new legislation to be considered later this month.
U.S. stocks edged higher on Friday after a mixed jobs report and despite lingering worries over the fiscal health of some European countries.
Toyota President Akio Toyoda apologized for safety problems that have left the Japanese carmaker in crisis as the group considered another recall -- this time over the brakes on the newest Prius hybrids.
President Barack Obama, looking for ways to drive down high U.S. unemployment, will announce plans on Friday to expand credit for small businesses, a main source of job creation in the United States.
Payrolls unexpectedly fell in January, but the unemployment rate surprisingly dropped to a five-month low, according to a government report on Friday that hinted at labor market improvement.
