World oil prices continued its southern journey and dropped below $74 in Asian trade Friday mainly on demand concerns linked to European debt crisis. Light sweet crude for June delivery was seen trading at $ 73.75 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 79.77 a barrel in London.
Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.
The number of workers filing for jobless benefits fell only slightly last week, suggesting the unemployment rate will remain elevated even as recovery in the labor market builds steam.
U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
Five U.S. banks and four European lenders are being investigated by U.S. authorities, as they widen their probe of the role of banks in past mortgage securities deals, according to news reports.
The New York attorney general has begun an investigation into eight banks to determine whether they provided misleading information to agencies that rate mortgage securities, The New York Times reported on Thursday.
CHICAGO (Reuters.com) - Some 80 years ago John Ruocco's then16-year-old uncle was struck and killed by a drunk driver in the Bronx. Although it happened years before he was born, Ruocco grew up hearing about the tragedy from his parents, who witnessed it, and vowed to do something about drunk driving. A couple of years ago Ruocco finally made good on the promise, developing a test that sends real...
Being an only child had its perks. I'd sprawl out across the backseat and go wherever the road brought us. We'd drive from Rhinebeck, New York down the east coast to the Jersey Shore, North Carolina or Florida for family vacations.
New York Attorney General Andrew Cuomo sued a Bank of New York Mellon Corp unit and two former senior officers on Tuesday, claiming they kept clients in the dark about investing with Bernard Madoff.
The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent U.S. stocks into Thursday's dizzying intraday spiral.
The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent U.S. stocks into Thursday's dizzying intraday spiral.
U.S. stocks were lower on Thursday after weaker-than-expected retail sales and as the European Central Bank failed to offer additional measures to stop a debt crisis from engulfing the euro zone.
U.S. stock index futures pointed to a lower open on Thursday after weaker-than-expected retail sales and the European Central Bank left monetary policy unchanged, disappointing investors who hoped the ECB would prevent a debt crisis from engulfing the euro zone.
Warm weather and a desire to refresh wardrobes should have helped retailers increase sales in April, showing consumers are willing to spend a little more in an improving economy.
Craigslist.com was subpoenaed on Monday by Connecticut's attorney general, who is investigating whether the popular online classified ad service is doing enough to quash prostitution on its site and whether it may be profiting from it.
U.S. consumer confidence firmed to a 1-1/2-year high in April, while house prices rose in February on an annual basis for the first time in more than three years, in fresh signs of a strengthening economy.
General Motors Co on Tuesday said it would invest about $890 million to upgrade five North American plants to build the next-generation V8 engine for its full-sized pickup trucks.
U.S. home prices fell in the month of February, but rose compared to a year ago for the first time in more than three years, in the latest sign that the housing market is slowly recovering.
Home prices fell in the month of February, but rose compared to a year ago for the first time in more than three years, in the latest sign that the housing market is slowly recovering.
The writer of a book entitled How I caused the credit crunch worked for the unit of Goldman Sachs that sold the financial product at the heart of U.S. fraud allegations against the bank.
Stocks staged a late-day comeback on Thursday as strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's shaky finances.
Stocks staged a late-day comeback on Thursday as another steady drumbeat of strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's finances.
