Stock index futures turned positive on Friday after jobs data showed the unemployment rate fell to a five-month low last month, even as employers unexpectedly cut jobs.
Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests before granting them an active role in Chapter 11 reorganizations.
Food giant Kraft Foods and Warren Buffett's Berkshire Hathaway sold $17.5 billion in debt on Thursday, braving a suddenly weak corporate bond market to finance major acquisitions, market sources said.
Not all the derivative contracts American International Group Inc wrote on complex securities backed by now-toxic mortgages have ended up being a disaster.
The chairman of the U.S. Senate Banking Committee, Christopher Dodd, blasted banks and Wall Street on Thursday for a refusal to work with Congress on financial reforms that borders on insulting to the American people.
The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.
The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.
A prominent Goldman Sachs Group executive expressed support on Thursday for some of the many financial regulation reforms being considered by Congress since taxpayers bailed out his firm and others like it.
Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
Nearly all Europe-related stocks, bonds and exchange traded funds are selling heavily during the morning New York session.
An online campaign has started to save the job of an Australian banker who became an internet sensation after he was caught on live television viewing images of scantily-clad supermodel Miranda Kerr on his computer.
Kraft Foods Inc on Thursday launched a 4-part, $9.5 billion debt sale to help finance its acquisition of British confectioner Cadbury, IFR reported.
Borders Group Inc shares spiked nearly 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and it could even be part of an industry consolidation.
Borders Group Inc shares spiked more than 40 percent on Wednesday after its largest investor, William Ackman, said there was little likelihood the struggling bookseller would file for bankruptcy and could even be part of an industry consolidation.
After a two day rally, the stock market is struggling on Wednesday with a slight decline in morning trading as mixed economic data is released.
Hedge fund Paulson & Co has received a request for information from the U.S. securities regulator in connection with an investigation into complex securities at the heart of the financial crisis, the Financial Times said, citing people familiar with the matter.
U.S. stock index futures were mostly flat on Wednesday, following two days of strong market gains and ahead of key jobs and services sector data expected to show the U.S. economy has continued to improve.
Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal.
Asian shares powered ahead on Wednesday with energy and resources stocks leading the way, as demand for riskier assets increased after Wall Street rallied on upbeat U.S. earnings and economic data.
One of President Barack Obama's top advisers argued on Tuesday to impose new limits on commercial banking activity, noting strong conflicts of interest in financial institutions' proprietary or private investment activity.
Former Wall Street hedge fund manager David Slaine pleaded guilty last December to charges of insider trading that reaped profits of $3 million, U.S. prosecutors said on Tuesday.
The stock market continued its rally to close for a gain on Tuesday despite a fall in banking sector shares ahead of testimony from White House advisor Paul Volcker.
