INVESTMENT

UBS, the world's largest wealth manager, said its decision to sell stock was to take advantage of a window of opportunity that should allow it to raise about 3.8 billion Swiss francs ($3.46 billion).

Stocks rallied on Thursday as investors were relieved Fed Chairman Ben Bernanke withstood a barrage of pointed questions from Congress on the Bank of America-Merrill Lynch deal relatively unscathed.

Auto parts supplier Lear Corp is preparing to file for bankruptcy as soon as next week, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Bank of America Corp was sued on Thursday in a federal lawsuit in New York, accusing the largest U.S. bank of discriminating against female brokers at the former Merrill Lynch & Co by offering them lower retention bonuses than their male counterparts.

Oil and gas producer PetroQuest Energy Inc's public offering of 10 million shares was priced at $3.50 a share, a discount of 5 percent to the stock's Wednesday closing price.

Stock index futures fell on Thursday after government data showed the number of workers filing new claims for jobless benefits unexpectedly rose last week.

Social networking Internet service LinkedIn said on Wednesday that interim President Jeff Weiner will take over as chief executive officer, six months after the company's co-founder stepped into the role.

Three of China's “big four” banks ranked in the top five in terms of profits among all banks around the world last year, the UK magazine The Banker released on Wednesday.

Exelon Inc, Wisconsin Energy Corp., Goldman Sachs and First Solar Inc were among the stocks with links to the clean energy industry which appealed to investors on Wednesday.

The Dow fell for the fourth day and other indexes ended well off the day's highs on Wednesday after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting.

Warren Buffett said on Wednesday that the U.S. economy has no bounce and will take time to recover, but there is no risk of deflation to push it further into despair.

The Dow fell for the fourth day and other indexes ended well off the day's highs on Wednesday after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting.

Citigroup Inc is raising salaries companywide to offset restrictions on bonuses after the troubled bank accepted $45 billion of federal bailout money, but the move could backfire if it drives top-performing workers to other employers.

U.S. securities regulators proposed tough new rules for money market funds to help avoid a repeat of what happened when the collapse of the Reserve Primary Fund triggered a wave of redemptions in the $3.67 trillion market.

U.S. securities regulators are considering tough new rules for money market funds to help avoid a repeat of what happened when the collapse of the Reserve Primary Fund wreaked havoc on the $3.67 trillion market.

Stocks rose broadly on Wednesday as surprisingly strong durable goods orders and quarterly results from software maker Oracle reinforced the belief the economy was stabilizing.

South Korea's KB Financial Group expects to complete a $2 billion rights offer by early September, CEO Hwang Young-key told Reuters on Wednesday, giving it the muscle to possibly buy Korea Exchange Bank or non-banking financial services companies.

Goldfinger is back in the market and has a new focus -- Asia.

Commodity index traders had snapped up more than 200,000 wheat contracts by mid-2008 that helped fuel last year's record jump in prices, which ended up raising costs for both industry and consumers, according to a year-long bipartisan Senate probe.

Stock index futures pointed to a higher open on Wednesday with the Federal Reserve expected to soothe recent concerns that it could hike interest rates later this year as the economy shows signs of stabilizing.

Stock futures pointed to a higher open on Wednesday with the Federal Reserve expected to say it will not raise interest rates for some time.