US stocks are trading mixed in afternoon session on Wednesday as declines from financials and raw-material producers weighed.
Stocks edged up on Wednesday but were off their earlier highs as bank shares turned negative.
US stocks advanced in early trade on Wednesday as better-than-expected first quarter earnings from JP Morgan buoyed sentiment.
Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday.
US stocks are mixed on global worries ahead of the unofficial start of first quarter earnings season.
The top after-market NASDAQ Stock Market gainers are: Exelixis, KIT digital, Tibco Software, Layne Christensen, and Schnitzer Steel Industries. The top after-market NASDAQ Stock Market losers are: Micrel, Extreme Networks, TranS1, Lionbridge Technologies, and NPS Pharmaceuticals.
Level 3 Communications said it agreed to acquire Global Crossing for about $1.9 billion stock deal to boost its service portfolio.
Saudi billionaire Prince Alwaleed bin Talal said on Saturday he supports Citigroup's reverse stock split and reinstatement of its cash dividend.
Investors looking for loan growth and surging revenues at the biggest U.S. banks, including Citigroup Inc are likely to be disappointed by first-quarter earnings.
Cerberus Capital Management LP and Centerbridge Capital Partners are among the bidders for Citigroup Inc's U.S. consumer-lending unit, Bloomberg News reported on Thursday, citing three people with knowledge of the matter.
After piloting the No. 2 U.S. bank through the financial crisis relatively unscathed, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon is now being extremely well rewarded.
Deutsche Bank has cut its profit estimates of online retailer Amazon , citing impact from Japan earthquake and tsunami.
Epsilon, the world's largest permission-based email marketing Services Company that serves TiVo users and many more, reported a breach in its security Friday and the list of companies affected keeps on growing, Mashable reported today.
Potentially millions of customer names an email addresses of retailers and financial institutions have been compromised as attackers breached a high-profile online marketer.
A nascent recovery in global dealmaking, focused on safer deals with clear strategic logic, probably marks the start of several years of rising mergers and acquisitions, senior bankers told the Reuters Global M&A Summit.
Citigroup Inc and Capital One Financial Corp were part of a large data breach that exposed the names and e-mail addresses of many large companies' customers, including those at some of the nation's largest banks.
Bankers at Citigroup were unaware when discussing the possible sale of chemical company Lubrizol Corp with the man tipped to succeed Warren Buffett that he had any intention to buy shares himself, the Wall Street Journal reported on Saturday.
Wilmington Trust Co on Friday sued three former bankers who defected to Citigroup Inc's private bank, claiming they took trade secrets and are using the information to attract clients.
US stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics (BLS) jobs report and slightly weaker than expected economic reports on jobless claims even as Chicago Purchasing Managers index weighed on the sentiment.
Morgan Stanley , Goldman Sachs and JPMorgan Chase & Co will soon join Citigroup and Bank of America Corp in allowing shareholders to vote on executive compensation, the Wall Street Journal said, citing people familiar with the matter.
The technology would make the company the third major player, behind Google and Apple, said to be entering the mobile payment sphere.
The move would leverage Google's advertising business, giving the company greater insight into how users view targeting advertising.
