European Union regulators unveiled draft plans on Wednesday to force short sellers of stocks to publicly disclose significant positions in a bid to crack down on those who abuse the market.
John Meriwether's hedge fund firm JWM Partners LLC plans to close his current hedge fund, which lost 44 percent from September 2007 to February 2009, Bloomberg reported, citing a person familiar with the matter.
MSC Software Corp, a simulation and software services company, has agreed to a $360 million buyout by private equity firm Symphony Technology Group and private investment firm Elliott Management Corp.
Wall Street looked for a slightly higher open on Wednesday after the International Monetary Fund said the global economy was starting to pull out of recession, offsetting investor anxiety over the start of quarterly earnings season.
Malaysian telecom firm Axiata has expressed interest to buy the Sri Lankan and Cambodian assets of Luxembourg-based telecom operator Millicom worth at least $500 million, sources with direct knowledge of the deal told Reuters.
Switzerland has vowed to prevent UBS from handing over client information to U.S. authorities, in an attempt to defend bank secrecy, saying a tax case targeting its main bank is souring diplomatic ties.
Japan's Nikkei share average and oil prices hit six-week lows on Wednesday as investors pulled funds out of bets on the global economy's recovery and favored safe havens, such as the U.S. dollar and government bonds.
Texas oil billionaire T. Boone Pickens has called off plans to build the world's biggest wind farm in the Texas Panhandle, the Wall Street Journal said.
Japan's Nikkei share average and oil prices hit six-week lows on Wednesday as investors pulled funds out of bets on the global economy's recovery and favored safe havens, such as the U.S. dollar and government bonds.
The purported theft of a Goldman Sachs trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business.
California IOU recipients can turn to credit unions and check-cashing storefronts if a state budget deal does not appear by Friday and if three major banks refuse to accepting the notes beyond Friday as planned, analysts said on Tuesday.
The United States Natural Gas Fund suspended issuance of new shares because it ran out of them, Bloomberg reports on Tuesday.
Credid Card Mess; Senate's Climate Debate; Auto Shakeout Spreads
U.S. credit card delinquencies reach all-time high
Consumers are increasingly failing to meet credit card payments as they battle high unemployment rates and a shrinking economy which has left many cash strapped. Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter.
Deutsche Bank AG has agreed to sell Worldwide Plaza, a 1.8 million square-foot skyscraper in New York City, for $600 million to developer George Comfort & Sons and partner RCG Longview, The Wall Street Journal reported, citing two people familiar with the matter.
European initial public offerings remained sparse in the second quarter, with most companies likely to defer going public until mid-2010, an expert on new listings from PriceWaterhouseCoopers (PwC) said.
Kohlberg Kravis Roberts & Co has reached a deal to unload half of the equity in South Korea's No.2 beer maker, which it agreed to buy for $1.8 billion, to Affinity Equity Partners, two sources with direct knowledge of the process said on Tuesday.
The regulator of the U.S. futures markets is considering tough new rules to clamp down on speculative trading in energy and other commodities and will hold public hearings in the next few weeks to seek comment.
U.S. stock futures pointed to a flat open on Tuesday as investors turned cautious ahead of corporate earnings results, and talk for the need of a second fiscal stimulus package underscored worries about the U.S. economic recovery.
Futures pointed to a slightly higher open on Tuesday as the price of oil broke a four-session losing streak, which could lift energy shares, but investors remained cautious ahead of the start of earnings season.
A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said Monday.
U.S. tax authorities have discovered far fewer than the 52,000 accounts with Swiss bank UBS AG suspected of being used by Americans to avoid taxes, the U.S. government said in a court filing on Monday.
