Oracle software sales rise offsets weak hardware
Oracle Corp beat Wall Street's earnings estimates as new software sales came in at the high end of the company's forecast, offsetting a sharp drop in hardware revenue.
Fed Fining Eight More Home Mortgage Lenders In Robo-Signing Scandal
The Federal Reserve plans to fine eight more bank holding companies for improper home mortgage foreclosures, the latest fallout from the so-called robo-signing scandal in which banks filed foreclosure documents without verifying their accuracy.
Court to SEC, Citigroup: See you in September
A federal appeals court will wait until late September to review U.S. District Judge Jed Rakoff's rejection of a U.S. Securities and Exchange Commission fraud settlement with Citigroup Inc over mortgage investments.
Moody’s Could Downgrade Global Investment Banks: Nomura
U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.
US Economic Snapshot: How Are We Doing?
In the context of a quiet week with comparatively few headlines out of Europe and U.S. government data showing relatively few surprises, many economists predicted a continuation of a positive mood, driven by recent growth in the labor market. However, there are concerns about gasoline prices.
SEC's No-Fault Settlement Policy Gets Court Support
A panel of federal appeals judges said Thursday that there's a "strong likelihood" a lower court's rejection of a $285 million civil-fraud settlement between the SEC and Citigroup will be overturned.
Russian Billionaire Faces Law Suit From Former Wife Following Purchase of $88M Central Park West Apartment
Russian billionaire Dmitry Rybolovlev -- who reportedly purchased an $88 million Central Park West apartment for his daughter while she attended school in New York-- is facing accusations from his estranged wife regarding the true reason for purchasing such a lavish pad.
SEC-Citigroup fraud settlement gets new life
A federal appeals court stopped just short of throwing out a judge's controversial rejection of the U.S. Securities and Exchange Commission's $285 million settlement with Citigroup Inc in a fraud case.
Bank of America's stock soars after passing stress test
Bank of America Corp shares on Wednesday hit their highest level in seven months after a Federal Reserve stress test affirmed one of the more troubled U.S. banks had made progress in improving its capital levels.
Citigroup failure in Fed test raises questions
Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.
Investor Confidence Fizzles, Consumer Sentiment Off: Daily Market Wrap
Whatever buzz came from the post-FOMC statement and catapulted stocks up on Tuesday turned into a hush Wednesday afternoon. Equities started strong but ended with a whimper.
Wall Street slips after rally, but Apple up again
Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.
Citigroup: Shares Fall After No. 3 Bank Flunks 'Stress Test'
Shares of Citigroup (NYSE: C) fell more than 4 percent Wednesday after the Federal Reserve said the No. 3 U.S. bank flunked a “stress test” of its financial viability.
Banks Stonewalled Probe Of Foreclosure Practices: Housing Agency
The inspector general for the U.S. Department of Housing and Urban Development said banks involved in the nationwide settlement on foreclosure practices significantly hindered its investigation.
Wall Street edges up after Fed outlook, bank results
Stocks were largely flat on Wednesday as investors balanced comments from the Federal Reserve on the economy and banking sector against the recent, five-day rally.
Wall Street to open flat after Fed outlook, bank results
Stock index futures pointed to a flat open on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
Pre-Market Movers (FRAN, ZION, RF, RVSN, CLWR, LSI, STI, C, MTGE, FITB)
The companies whose shares are moving in pre-market trade on Wednesday are: Francesca's Holdings Corp, Zions Bancorporation, Regions Financial Co, RADVision Ltd, Clearwire Corp, LSI Corp, SunTrust Banks, Citigroup, American Capital Mortgage Investment Corp and Fifth Third Bancorp.
Futures flat as investors weigh Fed's economic outlook
Stock index futures were little changed on Wednesday as investors weighed comments from the Federal Reserve on the economy and banking sector against the recent five-day rally.
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Futures edge higher on economic optimism
Stock index futures edged higher on Wednesday, putting the benchmark index on track for its sixth straight advance after comments from the Federal Reserve on the economy and banking sector helped boost optimism.
Facebook’s IPO Revisions: More Things To Know
Facebook filed for an IPO on Feb. 1 but has since amended its registration document twice. Here are four important things to know about the world's biggest social media company.
Stock index futures signal mixed Wall Street opening
Stock futures signaled a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 up 0.1 percent, the Dow Jones futures down 0.2 percent and the Nasdaq 100 futures falling 0.1 percent.
U.S. Stocks Surge, Dow Jumps to Highest Level since 2007 and Nasdaq Crosses 3000
The Dow Jones Industrial average rose 218 points, or 1.8%, to close at 13,177, which was the highest since Dec .31, 2007.
Fed gives high marks in bank stress tests results
Most of the largest banks passed their annual stress test, the Federal Reserve revealed in an earlier-than-expected release of the results, after JPMorgan Chase pulled the trigger on announcing its glowing marks and helped lift the stock market.
Financials Rally After JPMorgan Dividend Announcement
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
Financials Rally Following JPMorgan Dividend Announcement
JPMorgan Chase and Co. (NYSE:JPM) announced Tuesday afternoon it would be raising the dividend payout to shareholders and engaging in a sizable stock buyback program, in a show of balance sheet strength coming just days after the bank was green-lighted through the Federal Reserve's now-yearly "stress tests." The markets rallied.
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