INVESTMENT

U.S. stocks edged higher on Friday as a sharp jump in new home sales suggested the economic recovery was on track, adding to optimism about corporate earnings.

U.S. stock index futures rose slightly on Friday as Greece asked the European Union and International Monetary Fund to trigger an aid package in what could be the largest state bailout ever attempted.

U.S. stock index futures rose on Friday as Greece asked the European Union and International Monetary Fund to trigger an aid package in what could be the largest state bailout ever attempted.

President Barack Obama scolded Wall Street on Thursday for its furious efforts to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented

Goldman Sachs Group Inc intensified its public relations counteroffensive over fraud charges on Thursday as the company's chief executive watched President Barack Obama urge Wall Street to back regulatory reforms.

Private equity firm Blackstone Group reported higher quarterly earnings on Thursday that beat analysts' estimates as the value of its vast private equity investments continued to rebound.

Goldman Sachs risks losing clients wherever politicians hold sway after U.S. accusations the Wall Street powerhouse committed fraud, posing a threat to some lucrative business areas.

Private equity giant Blackstone Group reported a rise in quarterly earnings that beat analysts' estimates, and said it was seeing concrete signs of improvement in its investment portfolio.

A German state bank said it had severed business ties with Goldman Sachs Group Inc, citing U.S. regulators' allegation that the dominant Wall Street bank committed fraud, while France eyed an investigation of its own.

Within days -- perhaps even hours -- of news that Goldman Sachs was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street's most profitable bank.

France could become the latest country to examine whether Goldman Sachs Group Inc defrauded investors in marketing a mortgage investment product while the hedge fund that played a key role in the deal moved to head off investor concerns.

Paulson & Co, the hedge fund linked to civil fraud charges against Goldman Sachs Group Inc, moved to head off investor concerns about its role in a deal that has scarred the reputation of the Wall Street bank and overshadowed blow-out quarterly earnings.

The Nasdaq was set to rise on Wednesday boosted by Apple's blowout quarter, while the broader market pointed to a flat open as bank shares faced pressure despite strong earnings from Morgan Stanley.

Some of John Paulson's clients are indicating they may withdraw money from the billionaire's hedge fund firm, after it was involved in a transaction that led the U.S. government to file a lawsuit against Goldman Sachs Group Inc , The Wall Street Journal said.

Citigroup Inc Chief Executive Vikram Pandit stressed the bank was now focusing on responsible finance, a comment that comes as rival Goldman Sachs wrestles with legal woes.

Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain's market watchdog launched its own probe.

Charles Schwab Corp agreed to pay $200 million to settle a federal class-action lawsuit targeting its money-losing YieldPlus mutual fund, erasing nearly all of its first quarter profit.

The stocks and bonds of investment bank Goldman Sachs , which reported stunningly strong quarterly earnings on Tuesday, have steadily fallen in price since U.S. regulators charged the bank with fraud last week, leaving many investors looking for new ways to trade the bank's securities.

International markets like China and Brazil drove profits at U.S. industrial companies in the first quarter, many of which beat Wall Street estimates and raised their full-year forecasts.

Goldman Sachs Group Inc reported blow-out quarterly earnings on Tuesday, but investors appeared to focus on the U.S. fraud case against the bank as Britain's market watchdog launched its own probe.

State Street Corp , one of the world's largest institutional investors, reported higher quarterly earnings and said unrealized losses in its investment portfolio shrank.