U.S. stock index futures rose more than 1 percent on Thursday after Wal-Mart Stores Inc reported second-quarter results that topped Wall Street's expectations, boosting investors' confidence in consumer spending ahead of a government report on July retail sales.
Shares in UBS on Thursday extended gains as investors expected the settlement of a damaging U.S. tax dispute to allow the bank to focus on becoming profitable again.
Asian stocks and commodities rose on Thursday after the Federal Reserve said it spotted stability in the U.S. economy, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
Asian stocks and commodities rose on Thursday after the Federal Reserve said the ailing U.S. economy was showing signs of leveling out, spurring investors to buy back shares and other riskier assets and sell U.S. dollars.
The U.S. Securities and Exchange Commission is including options exchanges in its review of controversial flash orders, which give traders an advance look at trading orders, the regulator said on Wednesday.
Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter.
Loss-making lender Amcore Financial Inc said its unit will sell two branches to First National Bank and Trust Co of Beloit, Wisconsin to improve liquidity and return to profitability, sending its shares up more than 16 percent.
Manulife Financial Corp said on Wednesday it has bought AIC Ltd's Canadian retail investment fund business, boosting its mutual fund arm in another big-player takeover of an independent fund company.
Hedge fund manager John Paulson, who earned a fortune by betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp and other lenders during the second quarter, according to a regulatory filing.
The U.S. coal business of miner Rio Tinto PLC submitted a new application on Wednesday for an initial public offering of up to $500 million.
The U.S. Securities and Exchange Commission has told Arthur Samberg, a once powerful hedge fund manager, it plans to file civil insider trading charges against him and his firm, Pequot Capital Management.
The days of secret bank accounts are numbered for U.S. taxpayers and European tax dodgers should also watch out after the United States and Swiss bank UBS AG agreed to settle a tax evasion case.
The U.S. Securities and Exchange Commission has told former hedge fund manager Arthur Samberg that it planned to bring an enforcement action against his firm, Pequot Capital Management, according to a source familiar with the matter.
The days of secret bank accounts are numbered for Americans after UBS and the U.S. and Swiss governments agreed to settle a dispute over whether the Swiss bank should be forced to disclose the names of 52,000 rich U.S. clients suspected of tax evasion.
Stocks gained on Wednesday ahead of a key announcement by the Federal Reserve, led by technology and homebuilding shares after positive earnings reports.
The U.S. government and Swiss bank UBS have reached an agreement in a case seeking names of approximately 52,000 names of suspected American tax evaders. The governments have initialed agreements and will later sign a final accord, Justice Department lawyer Stuart Gibson told U.S. District Judge Alan Gold in Miami today, Bloomberg reported.
Stocks rose on Wednesday after a selloff in the previous session, with technology shares gaining, as homebuilder stocks rallied after a positive earnings report from Toll Brothers Inc.
Emdeon Inc shares started trading for $17.75 in their debut on Wednesday following their initial public offering, and rose to as much as $18.24.
Buyout funds including Permira and KKR have been told to submit their first bids by September 1 for Citigroup Inc's Bellsystem24, a leading Japanese telemarketer, in what might be the largest private equity deal in Japan this year, sources familiar with the process said on Wednesday.
The U.S. government and Swiss bank UBS AG have initialled agreements to settle their tax evasion dispute, a U.S. government attorney said on Wednesday, ending weeks of tough negotiations between the two sides.
Stock index futures edged up on Wednesday after a selloff in the previous session but investors shied away from big bets ahead of Federal Reserve statements on the state of the economy.
Switzerland is striving to settle a long-running tax evasion dispute between UBS and the U.S. government that challenges Swiss banking secrecy, before a key pre-trial conference on Wednesday.
