Stock futures were poised for a slightly lower open on Thursday after the government said new jobless claims rose more than expected and a slew of big corporate earnings reports, including UPS, 3M, Dow Chemical and Merck.
The managers of Galleon's $500 million Asia fund are exploring a possible buyout of the unit, sources told Reuters on Thursday, as the Singapore-based traders strive to keep investors on board after redemption requests.
Stock futures were mixed on Thursday ahead of leading indicator and jobless data and a slew of big corporate earnings reports, including UPS, Amazon.com, 3M, Dow Chemical and Merck.
Travelers Cos Inc's (TRV.N) quarterly profit more than quadrupled beating expectations, as underwriting gains surged.
News, details on bond issues in the European markets on Thursday:
Britain's top share index shed 1 percent by midday on Thursday, suffering a broad-based sell-off after disappointing earnings news from the U.S., with energy stocks the biggest laggards as crude fell.
U.S. stock index futures dipped on Thursday ahead of leading indicator and jobless data and a slew of big corporate earnings reports, including American Express, Amazon.com, Dow Chemical and Merck.
Credit Suisse Group AG said it was upbeat about its prospects after exceeding third-quarter net profit forecasts by a wide margin thanks to a solid investment banking performance and good client inflows.
Private equity firm Cerberus Capital Management is planning to take gun maker Freedom Group Inc public in a $200 million initial public offering, according to a regulatory filing.
Boutique investment bank Imperial Capital Group Inc is planning to raise as much as $150 million in an initial public offering.
Bank of America Corp agreed to sell First Republic private bank to a group of private equity investors.
Google Inc has suspended the services of investor relations firm Market Street Partners -- the tiny firm federal investigators said tipped off hedge fund traders on Google's 2007 earnings.
The Galleon Group, caught up in the largest-ever hedge fund insider-trading scandal, is liquidating its funds even as investors enjoy one of the firm's best years.
The Obama administration plans to order that top earners at firms that received billions of dollars in government bailouts will see cash payouts cut by an average of about 90 percent from last year, a source familiar with the matter said on Wednesday.
U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo shares and a wider-than-expected loss from Boeing disappointed investors.
Morgan Stanley's riskier trading operations have stolen the thunder from its growing brokerage -- at least for now.
Morgan Stanley's riskier trading operations have stolen the thunder from its growing brokerage -- at least for now.
Galleon Group, whose founder has been charged with masterminding the biggest-ever insider-trading scheme involving hedge funds, is shutting down.
Wells Fargo & Co and U.S. Bancorp posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages.
Electronic trading services provider Knight Capital Group Inc's quarterly profit fell short of expectations, as its trading income took a hit from lower market volatility and higher regulatory transaction fees, sending its shares down 18 percent.
Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with running one of the biggest insider-trading schemes ever involving a hedge fund.
Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with running one of the biggest insider-trading schemes ever involving a hedge fund.
