Stocks were set to open higher on Monday, extending gains following Wall Street's best week in 4 months, after CIT Group Inc clinched a deal that could help avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
Stellar earnings from U.S. banks have raised expectations that European rivals will follow suit in the next month, although rising bad debts have the potential to douse that optimism.
Charles Schwab Corp , the largest U.S. online brokerage, denied allegations by New York Attorney General Andrew Cuomo of civil fraud in its marketing and sale of Auction Rate Securities .
U.S. and European IT budgets are expected to fall 2 percent over the next year, less than the 5 percent decline expected three months ago, according to a survey of 100 chief information officers carried out by UBS.
Stock index futures rose on Monday after CIT Group Inc clinched a deal that could avoid bankruptcy, removing some uncertainty as the financial sector recovers from a deep crisis.
Charles Schwab Corp , the largest U.S. online brokerage, denied allegations by New York Attorney General Andrew Cuomo of civil fraud in its marketing and sale of Auction Rate Securities .
U.S. stock index futures were higher, pointing to a firmer start on Wall Street on Monday, with both the Dow Jones futures and the S&P 500 futures up 0.3 percent by 3.56 a.m. ET, and the Nasdaq futures up 0.2 percent.
Private equity firm Kohlberg Kravis Roberts & Co on Monday moved a step closer to merging with its Euronext-listed fund after receiving approval from the board of the fund to combine businesses.
Private equity firm Kohlberg Kravis Roberts & Co on Monday moved a step closer to merging with its Euronext-listed fund, after receiving approval from the board of the fund to combine businesses.
Citigroup is facing fresh problems at its private-investments division over two funds that were overseen by Michael Froman, who left the bank's Alternative Investments unit in January to be a White House aide, the Wall Street Journal said.
Microsoft Corp will likely report the first annual sales dip in its history as a public company, but investors are looking beyond that for upbeat comments on Windows 7, signs of a tech sector recovery, and even a deal with Yahoo Inc to challenge Google Inc.
Microsoft Corp will likely report the first annual sales dip in its history as a public company, but investors are looking beyond that for upbeat comments on Windows 7, signs of a tech sector recovery, and even a deal with Yahoo Inc to challenge Google Inc.
CIT said to reach deal, High Level UBS tax talks, India rejects Clinton push
Earnings are set to take center stage again this week as more marquee U.S. companies line up to report their quarterly scorecards and investors decide whether to keep pushing stocks higher.
Shares of Goldman Sachs Group Inc could rise to between $175 and $200 in the next year if the investment banking firm can continue to report quarterly profits of $4 to $5 a share, Barron's said, citing analyst predictions.
Nomura Holdings Inc's U.S. brokerage unit said it has hired Ciaran O'Kelly from Bank of America Corp as a managing director and head of equities in the Americas.
Several large investment firms are creating new lending companies that plan to go public to raise billions of dollars to take advantage of the distress in the commercial real estate market, and more are on the horizon.
The Swiss foreign minister is due to meet U.S. Secretary of State Hillary Clinton on July 31, just days before a deadline to reach a settlement in a damaging U.S. tax case against UBS .
CIT Group Inc was in talks with a bondholder group on Saturday, as the lender tried to hammer out a rescue financing deal before markets opened and avoid bankruptcy, a source close to the situation said.
CIT Group Inc was in talks with a bondholder group on Saturday, as the lender tried to hammer out a rescue financing deal before markets opened and avoid bankruptcy, a source close to the situation said.
State-owned China Investment Corp., the nation's sovereign wealth fund, had agreed to buy 40% of Citic Capital Holdings Ltd., Caijing reported on Friday, citing a company letter addressed to investors.
CIT Group Inc is in talks with a group of bondholders for $2 billion to $3 billion in rescue financing as it tries hard to avoid bankruptcy, a source close to the company said late on Friday.
