Lawyers in a $586 million settlement of IPO litigation stemming from the demise of the Internet stocks bubble want to be paid $245 million, nearly three times the average for such large settlements, according to court papers filed on Tuesday.
Swiss bank Julius Baer started moves to list its U.S. asset management arm Artio in New York, cashing in on higher equities markets to provide a timely boost for its acquisition war chest.
Goldman Sachs Chief Executive LLoyd Blankfein urged policymakers keen to rebuild confidence in financial markets to refrain from creating a system designed solely around protecting us from the 100-year storm.
Barrick Gold will issue $3 billion in stock to eliminate all of its fixed-price gold hedges and a portion of its floating hedges, taking a $5.6 billion hit to third-quarter earnings, the world's top gold miner said on Tuesday.
Stock index futures pointed to a flat open on Wednesday after a three-day run-up as commodity prices were little changed after driving the market in recent days.
Stock index futures pointed to a weaker open on Wednesday after a three-day run-up and commodity prices flattened after driving the market in recent days.
World stocks slipped on Wednesday as investors paused ahead of key U.S. data, having pushed them to 11-month highs the previous day, while the low-yielding dollar held near its 2009 low against the euro.
Kraft played down speculation on Tuesday that it would be prepared to raise its offer for Cadbury PLC , after the British chocolate company rejected its 10.2 billion pound ($16.7 billion) offer.
New York Attorney General Andrew Cuomo threatened on Tuesday to file charges accusing top Bank of America Corp executives of failing to disclose essential details about its takeover of Merrill Lynch & Co.
Hedge funds took in $8.3 billion in new money last month, according to preliminary data from BarclayHedge that suggests the industry is recovering after investors pulled out record amounts of cash last year.
American International Group Inc is interviewing banks this week on managing a planned initial public offering of a life insurance unit, American Life Insurance Co, sources familiar with the matter said on Tuesday.
Hedge fund returns rose for the sixth straight month in August but underperformed the broader stock market, where hopes of a quick economic recovery fueled strong gains last month, according to data released on Tuesday.
American International Group Inc is interviewing banks this week to manage a planned initial public offering of life insurance unit American Life Insurance Co, sources familiar with the matter said.
Standard & Poor's said on Tuesday U.S. credit card losses declined in July, but forecast bad loans would soon resume their upward trend as thousands of Americans lose their jobs.
Metallurgical Corp of China Ltd plans to raise as much as $5.3 billion in its initial public offering (IPO) in Shanghai and Hong Kong, making the biggest IPO in 18 months in Hong Kong and the second biggest IPO on the Chinese mainland this year.
Gold powered through the $1,000 per ounce psychological barrier on Tuesday, carried by a wave of pent-up technical momentum and dollar weakness, with some analysts eyeing last year's record high at $1,030.80.
UBS has put some of its worst problems behind it but still needs to work hard to rebuild its badly damaged reputation, the Swiss bank's chief executive told employees in an internal memo on Tuesday.
Credit Suisse downgraded American International Group Inc to underperform from neutral, saying near-term sale of businesses would leave little to no value for common equity holders.
Royal Bank of Scotland has appointed Goldman Sachs to consider a sale or other options for RBS Aviation Capital, one of the world's biggest plane leasing businesses, a person familiar with the matter said.
Global banking giant HSBC and Warren Buffett's Berkshire Hathaway should be paying staff the biggest bonuses, according to a new bonus model from a management consultant.
Wall Street was set to open nearly 1 percent higher on Tuesday as rising commodity prices and an uptick in merger and acquisition activity fueled hopes the economy is strengthening.
Emerging markets stocks hit a new year high on Tuesday, rising to levels last seen before the Lehman Brothers collapse, and world stocks headed firmly toward a new 2009 peak.
