Vodafone (VOD.L:Quote) lifted its full-year profit outlook on Tuesday as strong growth in emerging markets and robust trading in northern Europe more than offset weakness on the southern fringes of the euro zone.
Owing to the soaring demand of Apple's recently launched fifth-generation iPhone - the iPhone 4S, an inventory survey reveals that most Apple stores in the U.S. and abroad have run out of stock on a daily basis.
Amgen Inc (AMGN.O) said it plans buy back $5 billion of its shares, or about 10 percent of outstanding stock, in a modified Dutch auction, which allows shareholders to choose the price at which they are willing to sell.
After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.
Wall Street may find it hard to rally this week as Greece's new and untested coalition begins the process of ratifying a 130 billion-euro lifeline and the fate of Italy's government hangs by a thread.
After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.
World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.
Chinese luxury home buyers are leading a legion of cash-rich non-UK investors in search of upmarket London homes, with demand driven by currency exchange rates that produce discounts of up to a quarter on purchase prices, research shows.
The top after market NYSE gainers on Tuesday were: Stone Energy, Kindred Healthcare, Kinder Morgan, Ferro Corp and ING Group. The top after market NYSE Losers were: Sprint Nextel, Verifone Systems, Masco Corp, SuperValu and Newpark Resources.
Prosecutors have filed a lawsuit against Allied Home Mortgage Capital Corp and its executives, Jim Hodge and Jeanne Stell, claiming that the company misled the federal Department of Housing and Urban Development (HUD) with bad mortgages.
French banks and lenders exposed to Greece and other weak euro zone countries slumped on Tuesday after Greece's leader said he would put a bailout plan to a referendum, raising the risk of a disorderly default.
French banks and other lenders exposed to Greece and other weak euro zone countries slumped on Tuesday after Greece's leader said he would put a bailout plan to a referendum, raising the risk of a disorderly default.
Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter results.
A look at the unsecured debts left behind in the wake of MF Global's bankruptcy show a surprising number of trade credit was owed to media companies.
The bankruptcy of New York-based MF Global Holdings brought the European debt crisis to New York, wiping out a respected firm and tarnishing the reputation of a former Goldman Sachs CEO.
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
Europe has staved off an imminent financial crisis and fears of a U.S. double-dip recession may have been overblown. With the Federal Reserve already lowering long-term interest rates through Operation Twist, it seems QE3 is not likely to come.
Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.
Europe's banks were told to cut dividends and bonuses to help them find 106 billion euros ($146 billion) to shore up their capital, and agreed to halve the value of their Greek government debt.
In the largest penalty of its type, UBS AG was fined $12 million by a U.S. brokerage regulator over the Swiss bank's systemic failure to properly handle millions of short-sale orders.
Swiss bank UBS AG overcame a 1.8 billion Swiss franc ($2 billion) rogue trading loss to post a smaller than forecast fall in third quarter net profit on Tuesday as its core wealth management business performed well.
