INVESTMENT

The United States and UBS AG have reached an agreement in principle to settle their dispute over U.S. demands for the names of thousands of wealthy Americans suspected of using the Swiss bank to evade taxes, a U.S. Justice Department attorney said on Friday.

Economy stabilizing, Tax Row Deal, Chevron's plunge

The United States government and Swiss bank UBS AG have reached an agreement in principle on the major issues in their tax evasion dispute, a U.S. Justice Department attorney said on Friday.

Stock index futures edged higher on Friday as investors bet that key economic data will show the economic slump is ebbing.

Asian stocks pushed higher on Friday and were poised to score double-digit gains in July as investors keep pouring funds on bets the region's growth engine will lead the global economy out of recession.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Asian stocks pushed higher on Friday and were poised to score double-digit gains in July as investors keep pouring funds on bets the region's growth engine will lead the global economy out of recession.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.

U.S. financial regulators would gain the power to restrict holdings of over-the-counter derivatives under legislation to be crafted in the coming months, the chairmen of two House of Representatives committees said on Thursday.

Bank of America Corp plans to set up a wholly owned subsidiary in China to expand in the world's fastest-growing major economy, people briefed on the plan said.

Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.

Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.

General Electric Co shares climbed more than 7 percent on Thursday after a powerful U.S. lawmaker said he saw no great need for the largest U.S. conglomerate to spin off its finance arm.

Stocks advanced on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.

Stocks rose on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.

General Electric Co shares climbed 5 percent on Thursday after a powerful U.S. lawmaker suggested a planned financial regulatory overhaul would not force the largest U.S. conglomerate to spin off its hefty finance arm.

Auto parts maker Federal-Mogul Corp (FDML.O) posted a sharp drop in quarterly profit on Thursday, but reported substantial progress from earlier in 2009 as it cut costs to address the economic downturn and production cuts by its automaker customers.

Leading investors have taken their holdings of stocks back up to levels last seen just before the collapse of Lehman Brothers, a series of Reuters polls showed on Thursday.

Stock index futures extended gains on Thursday after a government report showed a gauge of underlying labor trends fell for a fifth-straight week even as the number of new claims for jobless benefits rose slightly more than expected.

Stock index futures rose on Thursday following another string of stronger-than-expected quarterly corporate profits, a broker upgrade for General Electric Co , and fresh indications that the global economic downturn is easing.