Diversified U.S. manufacturer 3M Co on Tuesday released an outlook that was below analysts' forecasts for the current year, ahead of a meeting with investors.
Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.
Stock index futures pointed to a lower open on Tuesday as declining oil prices pressured energy shares and 3M Co's outlook for the current year came in below analysts' forecast.
Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.13 percent at 4:33 a.m. EST.
James Gorman, who takes over as Morgan Stanley's chief executive on January 1, plans to put finance chief Colm Kelleher and banker Paul Taubman in charge of the company's institutional securities unit, the Wall Street Journal reported citing a person familiar with the situation.
Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their criminal cases, according to court records on Monday.
The U.S. Securities and Exchange Commission will likely seek public input on so-called high-frequency trading strategies, and whether traders using them gain any special advantages by placing fast computers next to exchanges.
Eight people charged in a coast-to-coast U.S. hedge fund insider trading investigation have at least one more month for possible resolution of their cases, according to court records on Monday.
JPMorgan Chase & Co. Chief Executive Jamie Dimon and Chief Financial Officer Mike Cavanagh are expected to publicly review the bank's financial results for the fourth quarter and take questions from banking sector analysts on January 15.
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, plans to raise up to HK$25.9 billion ($3.34 billion) from a Hong Kong initial public offering, a source close to the deal said on Sunday.
Translation company Language Line Services Holdings Inc hopes to go public in an initial public offering that would raise as much as $400 million.
Big, full-service brokerages have lost a significant chunk of business to online firms that told small investors they are better off making their own decisions, Aite Group said in a report.
The Carlyle Group , the U.S. buyout giant backing China Pacific Insurance (Group) Co Ltd, could make a $4 billion profit -- a return of more than six times its investment -- once China's No.3 life insurer floats shares in Hong Kong.
News, details on corporate bond issues in the European markets on Monday:
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100 futures down 0.52 percent, at 3:40 a.m. EST.
Gold prices fell 2 percent to session lows in Europe on Monday, on selling prompted by the dollar's rise to a five-week high versus the euro following above-consensus jobs data in the previous session.
Kuwait's sovereign wealth fund said on Sunday it had sold its stake in Citigroup Inc for a profit of $1.1 billion, becoming the latest Gulf investor to sell foreign shares as markets improve.
Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.62 percent, Dow Jones futures down 0.53 percent and Nasdaq 100 futures down 0.52 percent, at 0840 GMT (3:40 a.m. EST).
A global water crisis is looming, but the path to profits is a muddy mess of regulated industries, giant companies with small water operations, and start-up technologies.
The Shanghai Stock Exchange has approved the development of global exchange-traded funds by Chinese fund houses to track six overseas indexes including the Dow Jones industrial average , the Shanghai Securities News reported on Monday, citing Xu Ming, vice general manager of the exchange.
TCW Group Inc, one of the largest money managers in the world, fired its chief investment officer, Jeffrey Gundlach, and removed him from its board of directors after buying a smaller rival last week.
The U.S. dollar faces crosswinds as some of the extraordinary market developments that fueled the currency's sharp appreciation in the second half of 2008 fade or even reverse, the Bank for International Settlements said.
