Stocks edged higher on Thursday as investors bought beaten-down technology and commodity shares, while a positive broker comment on Goldman Sachs boosted the financial sector.
IBT Staff Reporter
Jul 09, 2009
U.S. stocks rose on Thursday as investors snapped up beaten-down technology and commodity shares, while a positive broker comment on Goldman Sachs boosted the financial sector.
IBT Staff Reporter
Jul 09, 2009
American International Group Inc , the insurer rescued by a series of federal bailouts, may have zero equity value due to the risk of more credit default swap losses and the disposal of key assets at low valuations, Citigroup said.
IBT Staff Reporter
Jul 09, 2009
The purported theft of a Goldman Sachs trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business.
IBT Staff Reporter
Jul 07, 2009
Credid Card Mess; Senate's Climate Debate; Auto Shakeout Spreads
IBT Staff Reporter
Jul 07, 2009
U.S. credit card delinquencies reach all-time high
Consumers are increasingly failing to meet credit card payments as they battle high unemployment rates and a shrinking economy which has left many cash strapped. Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter.
IBT Staff Reporter
Jul 07, 2009
A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said Monday.
IBT Staff Reporter
Jul 07, 2009
Mortgages Warning, Unfriendly Skies, New GM near reality
IBT Staff Reporter
Jul 06, 2009
Japan's Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis has created room for new players to serve hedge funds, a senior executive said on Monday.
IBT Staff Reporter
Jul 06, 2009
A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said on Monday.
IBT Staff Reporter
Jul 06, 2009
More mortgage losses expected
Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market. According to a S&P report the more dire assessment is likely to significantly impact bonds originally carrying AAA ratings.
IBT Staff Reporter
Jul 06, 2009
A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.
IBT Staff Reporter
Jul 06, 2009
A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.
IBT Staff Reporter
Jul 06, 2009
Goldman Trade Codes Stolen, Judge OKs Sale to 'New GM,' Rio's Sell-off
IBT Staff Reporter
Jul 06, 2009
High Volume Trading Codes at Goldman Sachs Stolen: FBI, Judge approves sale to New GM, Rio Tinto sells food packaging division for $1.2 billion
IBT Staff Reporter
Jul 06, 2009
Some of the top stories making the first half of this day.
IBT Staff Reporter
Jul 06, 2009
Wilmar International, the world's largest listed palm oil company, has hired three banks to handle what sources say could be a $3 billion flotation of its China business.
IBT Staff Reporter
Jul 03, 2009
The European Central Bank kept euro zone interest rates at 1.0 percent on Thursday, bolstering expectations they will stay there well into next year, and said it would start buying bonds next week.
IBT Staff Reporter
Jul 02, 2009
U.S. stock futures were modestly higher on Tuesday ahead of a new round of data that may give investors insight into the state of the recession-hit economy on the last day of the second quarter.
IBT Staff Reporter
Jun 30, 2009
U.S. stock futures were flat on Tuesday ahead of a batch of new data that may give investors insight into the state of the recession-hit economy on the last day of the second quarter.
IBT Staff Reporter
Jun 30, 2009
American International Group Inc , the insurer rescued by a series of federal bailouts, is set to pad out its shrinking board on Tuesday when a new slate of directors stands for election at its annual meeting.
IBT Staff Reporter
Jun 29, 2009
U.S. commercial banks reported record trading revenue in the first quarter of 2009, benefiting from wide trading margins and gains from interest rate products, the Office of the Comptroller of the Currency said on Friday.
IBT Staff Reporter
Jun 26, 2009