The U.S. is one Senate vote away from averting a federal government default and toward taking a step in the direction of fiscal health: The Senate is expected to vote and pass the bipartisan debt deal legislation Tuesday around noon EDT, and President Barack Obama is expected to sign it quickly.
he British-based bank may slash at least 1,400 more jobs in 2011, after already having eliminated another 1,400 positions this year
The TD-MI Monthly Inflation Gauge has indicated a 0.3% rise in July, bringing the year-on-year figure to 3.2%. The result takes inflation above the Reserve Bank's target band of two to three per cent.
Brokers have expressed outrage at a recent move by Firstfolio to impose a fee on non-performing originators.
South Korea's central bank bought 25 tonnes of gold over the past two months in its first purchase in more than a decade, saying the time was ripe to boost its gold holding, but markets barely moved on the news.
Communication software maker Synchronoss Technologies Inc posted better-than-expected quarterly results, helped by a 13 percent jump in revenue at its largest customer, AT&T Inc, and raised its full-year outlook.
HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, on Monday said it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
HighTower Advisors, a firm that is expanding by poaching financial advisers from the big brokerages, said on Monday it hired a private banking team from Merrill Lynch managing more than $1 billion of client assets.
Interest rates on most Treasury bills fell on Monday after a tentative deal among top Washington lawmakers to raise the debt ceiling soothed anxiety of a sovereign debt default.
Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday.
Twitter announced on Monday that it had received another significant investment, this time $800 million from Russian investment firm DST Global. The deal gives the social media company an $8 billion valuation, but a big question still remains--why?
The increase in the debt ceiling is only half of what President Obama was asking for and will therefore create another round of default trauma when the next debt ceiling is reached. I
High inflation and soaring real estate prices have thrown thousands of residents into dire straits.
In the rush to strike a debt deal to raise the debt ceiling and avoid a U.S. Government default, one question has been overlooked: will the debt deal increase or decrease the U.S. unemployment rate?
Banks around the world are likely to keep slashing jobs in order to compete better in what is a cut-throat global business.
Money market funds face uncharted waters if a debt deal is not reached soon in Washington, but Joe Morgan is not ready to abandon ship.
High inflation and soaring real estate prices have thrown thousands of residents into dire straits.
I wasn't one of those people who lost a bunch of money when dot-com stocks blew up in 2000, but to be honest, that's because I didn't make a lot of money in the bubblicious run up, either.
The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit rating.
Senate Democrats aimed to seize the initiative in efforts to head off a ruinous debt default by pushing their deficit-cutting plan on Saturday toward a possible compromise with a divided Republican Party.
The top after-market NYSE gainers on Friday are: Dynegy, Unifi, iSoftStone Holdings, Orbitz Worldwide, Terex, Crexus Investment, Miller Petroleum, Gildan Activewear, HSBC Holdings and MEMC Electronic Materials.
Hollywood is on global expansion overdrive, with the international box office racking up a larger percentage of overall film revenues than ever before.