The Federal Reserve on Friday lifted an estimate of the value of Bear Stearns and American International Group assets used to secure their rescue last year, potentially reducing losses to U.S. taxpayers.
Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock-market indexing business, which includes the Dow Jones Industrial Average , The Wall Street Journal reported on Friday.
A former UBS banker and key informant in the U.S. tax evasion case against Swiss bank UBS AG was sentenced to three years and four months in prison on Friday for helping a billionaire hide assets from U.S. tax authorities.
Bradley Birkenfeld, a key informant in the U.S. tax evasion case against Swiss bank UBS , was sentenced to three years and four months in prison on Friday by a federal court judge in Florida.
The extension of exclusive talks that could lead to a merger of India's Bharti Airtel and South Africa's MTN Group weakens the probability of the deal closing, UBS said in a research note.
Canadian investment firm Sprott Resource Corp announced plans on Friday to buy back up to 6.25 million of its common shares, saying the stock price does not reflect the value of its assets and prospects.
Hong Kong-based private equity firm First Eastern Investment Group plans to invest in a Wall Street bank as part of a strategy to build its presence in every major global financial hub, its chairman Victor Chu said.
Stock index futures pointed to a higher open on Friday, spurred by positive economic data from Europe, as investors awaited a U.S. report on existing home sales and a speech by Federal Reserve Chairman Ben Bernanke on the lessons from the financial crisis.
Stock index futures pointed to a lower open on Wall Street on Friday, with futures for the S&P 500 down 0.12 percent, Dow Jones futures down 0.39 percent and Nasdaq 100 futures down 0.42 percent at 0730 GMT.
Discount retailer Dollar General Corp, backed by powerful private equity firm Kohlberg Kravis Roberts & Co , filed for an initial public offering of up to $750 million on Thursday, according to a regulatory filing.
Discount retailer Dollar General Corp, backed by powerful private equity firm Kohlberg Kravis Roberts & Co , filed for an initial public offering of up to $750 million on Thursday, according to a regulatory filing.
Morgan Stanley is planning to hire as many as 400 traders and salespeople, a hiring spree that comes as the firm tries to dig its way out of three straight quarters of losses.
The United States stepped up efforts to crack Swiss bank secrecy codes on Thursday by indicting a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities.
The United States stepped up efforts to crack Swiss bank secrecy codes on Thursday by indicting a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities.
The United States widened efforts to crack Swiss bank secrecy codes by indicting on Thursday a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities.
Swiss Profit from Bailout; AIG CEO vows repayment; GM Greases Clunkers
Macquarie Group on Wednesday unveiled separate deals in the US and China, continuing a trend of consolidation in its fund management business.
Stocks rose on Thursday after a rebound in Chinese equities and a surprise expansion in U.S. regional manufacturing overshadowed rising jobless claims.
Switzerland sold its stake in UBS for 5.5 billion Swiss francs ($5.1 billion) on Thursday, making a solid profit from last year's rescue of its largest bank.
Jobless Claims Still High; Electric Ambitions; Decision Nears for Opel
Stock index futures pointed to a flat open on Thursday after data showed a surprise rise in weekly jobless claims for the second week running, adding to uncertainty over the economic outlook.
Stock index futures briefly turned negative on Thursday after weekly data showed an unexpected rise in first-time claims for jobless benefits.
