Futures Little Changed After China Data
Stock index futures were little changed on Monday as economic data in China gave investors reason to pause after a 3-day rally.
Futures little changed after China data
Stock index futures were little changed on Monday as economic data in China gave investors reason to pause after a 3-day rally.
Citi names Tague M&A co-head
Citigroup Inc has appointed Peter Tague, a veteran of its investment banking operation based in New York, as co-head of its global mergers and acquisitions group as it seeks to bolster its market share in landmark and cross-border transactions.
The Chinese Equation: Inflation Down + Trade Deficit Up = Stimulus?
Call us crazy, but the two most recent major economic data releases by China -- the consumer price index on Friday and the trade balance on Saturday -- indicate there could be a case to be made for monetary stimulus in the world's second-largest economy.
Court OK Of $25 Billion Mortgage Deal To Be Sought Monday
The $25 billion settlement between five large U.S. banks accused of abusive mortgage practices on the one side and federal and state government officials on the other side that was announced Feb. 9 will be filed in federal court on Monday, people familiar with the matter said.
A Tough Bonus Season Looms for Wall Street and New York
The fiscal downturn has hit Wall Street executives where it hurts most --their wallets -- and locales dependent upon their income rank as collateral damage.
BofA in side deal with government on mortgage foreclosures: WSJ
Bank of America, one of five banks in $25 billion settlement with the government over foreclosure practices, has struck a side deal that will allow it to reduce penalties in return for bigger cuts to borrowers' mortgage balances, the Wall Street Journal said.
Citigroup CEO Vikram Pandit Receives Total Compensation of $14.9 Million for 2011
Citigroup Inc. Chief Executive Vikram Pandit received a total compensation of $14.9 million for 2011, which includes salary, cash bonus and deferred stock.
Citi CEO Pandit's 2011 pay soars to $14.9 million
Citigroup Chief Executive Vikram Pandit finally got his payday. The third biggest U.S. bank company paid Pandit $14.86 million in 2011, compared with a salary of $1 and no bonus in 2010, according to a filing with the Securities and Exchange Committee.
AT&T Makes The Call, Plans To Sell Yellow Pages
AT&T Inc. is seeking to sell a stake in Yellow Pages in an approximately $1.5 billion deal with private equity firm Cerberus Capital Management LP, Bloomberg reported.
ECB Keeps Interest Rates The Same: 1.0%
The European Central Bank held interest rates at 1.0 percent for the third month running on Thursday, pausing to assess the impact of a dramatic sweep of measures that has unsettled some at the bank.
Facebook Adds 25 more Underwriters for IPO
Facebook Inc added 25 banks to help underwrite the company's initial public offering, meaning most of Wall Street will have a role in the share sale, according to an amended IPO filing on Wednesday.
Senators to Hear Pitch for Tougher Cyber Security
Top U.S. officials are set to push for tougher cyber-security measures to protect the nation's water, electrical and telecommunications grid at a closed-door meeting with senators on Wednesday evening, congressional and White House staffers said.
Facebook Gets $8 Billion Financing, Adds 25 Underwriters
Facebook Inc. has named 25 underwriters and received multi-billion dollar package of financing, according to an amendment to its S-1 filing with the U.S. Securities and Exchange Commission.
Treasury Selling $6B In AIG Stock
The Treasury Department plans to sell $6 billion of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an election year to unwind the unpopular crisis-era bailout.
PayPal Sparks Furor over Limits on 'Obscene' e-books
PayPal, the online payments arm of eBay Inc, has sparked a furor in the publishing world by asking some e-book distributors to ban books that contain obscene themes including rape, bestiality or incest.
IBM’s Watson Supercomputer: Next Stop, Wall Street
Now that IBM’s (NYSE: IBM) Watson supercomputer has gone to the doctor, it’s going to Wall Street.
Obama Expands Housing Relief to Military, FHA Borrowers
The U.S. government will cut fees on federally insured mortgages and move to expand home-loan relief to military veterans, President Barack Obama announced Tuesday.
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Lehman emerges from bankruptcy
Lehman Brothers Holdings Inc's record $639 billion bankruptcy ended on Tuesday, clearing the way for it to start distributing about $65 billion to creditors starting on April 17, court documents show.
Lehman emerges from bankruptcy
Lehman Brothers Holdings Inc's record $639 billion bankruptcy ended on Tuesday, clearing the way for it to start distributing about $65 billion to creditors starting on April 17, court documents show.
Gold Down 2% after Breaking below 200-Day Moving Avg
Gold fell 2 percent in heavy volume on Tuesday after breaching a key support, as renewed concerns about Greece's debt triggered economic fears, while some analysts say the metal looks oversold and poised for a rebound.
Gold Falls More Than 1%, Falls Below $1,690
Gold prices fell more than 1 percent in Europe on Tuesday, pushing through support at $1,690 an ounce, as jitters over whether private creditors will agree to a Greek bond swap deal and wider euro zone growth pressured the euro versus the dollar.
Yelp Shares Plunge 15% on First Day After IPO
Shares of Yelp (NYSE: YELP) the San Francisco-based review Web site, plunged nearly 15 percent Monday, the first after their $107 million initial public offering.
Pension Plans: Are Big US Firms Betting on a Bull Market With New Accounting Step?
A significant but largely unnoticed shift is underway in how big U.S. companies account for pensions on their books. The move to mark-to-market accounting could signal that corporate America is betting on rock-bottom interest rates and continued economic recovery through 2012 and into next year.
AIG Selling 6 Billion of AIA Shares, to Repay Bail-out
American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out.
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