Stocks dropped more than 1 percent on Monday as steep slides in commodity prices hit energy and materials shares, while below-forecast data gauging New York factory activity dented the economic outlook.
U.S. stocks dropped more than 1 percent on Monday as steep slides in commodity prices hit energy and materials shares, while below-forecast data gauging New York factory activity dented the economic outlook.
Private equity firm Apollo Global Management is in talks to buy U.S. packaging maker Pactiv Corp in a leveraged deal, according to media reports.
Stock futures were higher on Monday as a fresh wave of mergers and acquisitions helped dissipate worries over the impact of heavy euro-zone debt loads on a global recovery.
Private equity firm Apollo Global Management is in talks to buy U.S. packaging maker Pactiv Corp in a leveraged deal, the Wall Street Journal said, citing people familiar with the situation.
A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high-frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc, according to a document obtained by Reuters.
Goldman Sachs Group Inc and a consortium of other top banks are part of an effort to save ShoreBank Corp, a Chicago bank with Washington ties, a community activist close to the institution said on Friday.
Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again.
Prosecutors are conducting a broad criminal investigation of six major Wall Street banks, including JPMorgan Chase & Co and Citigroup Inc, to determine if they misled investors, a person familiar with the matter said on Thursday.
U.S. authorities are expanding their probes of past mortgage securities deals, with New York's attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.
Former Lehman Brothers Asia executives, who headed the bank's structured products division and its syndicate business, have launched their maiden hedge fund investing in distressed structured credit assets, said the partners in the fund firm, Oracle Capital.
Gold surged to a record high on Wednesday as investors sought safety from the risk of Greece's debt crisis spreading to other countries, with demand for coins, bars and bullion-backed exchange-traded funds all climbing.
A private equity deal for Fidelity National Information Services Inc , currently being negotiated, could be worth around $15 billion if a buyout is agreed, a source familiar with the situation said on Tuesday.
The story of how Pennsylvania's capital city Harrisburg has lurched toward the precipice of financial ruin is a cuckoo tale involving one man's vision of creating a hub for museum lovers, a possible FBI investigation, and a $45,000 tomahawk that may or may not have been owned by Chief Crazy Horse.
The top securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.
Investors soothed by the stock market rebound should not get too comfortable in U.S. homebuilder shares. Last week's sell-off in that sector was no mere blip triggered by unrest on Greek streets far from placid U.S. suburbs.
The Dow and the S&P 500 fell in a volatile session on Tuesday as fears that a $1 trillion bailout for Europe won't solve the region's deep-seated problems blunted an improving U.S. economic picture.
The top U.S. securities regulator said no single event had been found to explain Thursday's mysterious market plunge but the events were unacceptable and additional safeguards were coming.
Market watchdogs and six major exchanges agreed new safeguards were needed to curb trading in plunging markets, an effort to address last Thursday's mysterious market free fall.
U.S. stock index futures pointed to a strong start for Wall Street on Monday, with shares set to rebound as confidence was boosted after global policymakers came up with an emergency rescue package worth around $1 trillion aimed at preventing Greece's debt crisis from spreading through the euro zone.
President Barack Obama said on Friday that regulators would look for ways to prevent a repeat of Thursday's mysterious stock market meltdown, adding to expectations the U.S. government will make new regulations to curb runaway computer trading.
Shock waves from the stock market plunge rippled through Washington on Friday, prompting lawmakers to call for an amendment to a Wall Street reform bill that could lead to safeguards against technology glitches.
