Citigroup Inc repaid $20 billion to the United States, as the bank works to reduce government involvement in its compensation practices.
A commission created by Congress to look into causes of the financial crisis will question the chief executives of Goldman Sachs Group Inc, JPMorgan Chase & Co, Morgan Stanley and other big banks at its first public hearing next month
French-based Icade will buy Compagnie la Lucette, another real estate firm, from Morgan Stanley to create a entity with a portfolio of over 5.7 billion euros ($8.2 billion).
Glencore , the secretive Swiss commodities trader, took a step toward a public listing valuing it at more than $35 billion, as investors bought bonds that could give them a near 6 percent stake.
In a move seen as a precursor to an initial public offering for Glencore International AG, a group of institutional investors will invest about $2.2 billion into the Swiss commodity trader, the Wall Street Journal said, citing people familiar with the situation.
Stock index futures pointed to a higher open on Wednesday after data showed personal spending rose in November, though by less than expected.
Stock index futures rose on Wednesday, a day after chipmaker Micron Technology swung to a quarterly profit and as investors awaited data expected to show an improvement in consumer sentiment.
U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.25 percent and Nasdaq 100 futures up 0.35 percent.
World stocks rose for a third straight session on Wednesday and the dollar set a two-month peak against the yen after upbeat U.S. housing market data fanned expectations for a solid recovery in the U.S. economy.
Indian and Australian shares led Asian stock markets higher on Wednesday, while oil and gold came under pressure as the dollar held firm thanks to optimism about the U.S. economy.
Lawyers for Galleon hedge fund founder Raj Rajaratnam objected on Tuesday to the government's request to schedule his criminal trial ahead of a parallel SEC case, saying the move could compromise the defense's case.
Investors are ready to bet big again on superstar hedge fund manager Kenneth Griffin, having told his Citadel Investment Group that they plan to commit $1 billion early next year, people familiar with the matter said.
Stocks logged another 14-month high on Tuesday as a surge in existing home sales indicated more stabilization in housing and boosted optimism about the economic recovery.
Warren Buffett's Berkshire Hathaway Inc said on Tuesday Comcast Corp Chief Operating Officer Stephen Burke has been elected to its board of directors.
Your roving Whiskey reporter just came back from the Big Apple last week after a short afternoon's jaunt to the Japan Society. Lest you think I'm going to tell you to invest in kimono (like carry trade sweethearts did a few years back), don't be fooled.
Stocks rose on Tuesday, briefly lifting the S&P 500 to a 14-month high, as a surge in existing home sales indicated more stabilization in housing, increasing optimism about the economic recovery and prospects for profits.
Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, thanks to the Federal Reserve's repeated assurances that U.S. interest rates would stay low for an extended period.
China CNR Corp (601299.SS), one of the country's two big train makers, has priced its A-share initial public offering at 5.56 yuan a share, the top of an indicated range, raising 13.9 billion yuan ($2.04 billion).
Stock index futures were higher on Tuesday, extending gains from the previous session, as investors awaited a final reading on third-quarter economic growth and existing home sales data.
Stock index futures were higher on Tuesday, extending gains from the previous session, as investors awaited a final reading on third-quarter economic growth and existing home sales data.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.28 percent, Dow Jones futures up 0.27 percent and Nasdaq 100 futures up 0.51 percent at 3:40 a.m. EST.
Inflation's Breathing Room; Innocent Pleas in Galleon Case;Storm May be Costly