INVESTMENT

MBIA Inc , the world's largest bond insurer, sued Merrill Lynch & Co on Thursday seeking damages for losses from complex debt securities it insured for the bank.

Stocks rose on Thursday, but were well off session highs, as investors sought to reconcile upbeat corporate profits and reassuring job market data with anxiety about Chrysler LLC's bankruptcy filing.

U.S. securities regulators charged an investment firm and one of its executives in connection with a multimillion-dollar kickback scheme involving New York's largest pension fund, the Securities and Exchange Commission said on Thursday.

Stock index futures pointed to a more than 1 percent gain on Thursday as the first quarter's better-than-expected corporate profits stoked optimism the economic slump is showing signs of easing.

Social-networking website Facebook has held meetings with private equity firms to explore raising another round of funding, the New York Post reported on Thursday, citing sources.

Stock index futures pointed to a higher start for Wall Street on Thursday ahead of a flurry of results as well as U.S. core personal consumption expenditure, jobless figures and Chicago PMI data.

Global stock markets jumped more than one percent on Thursday to their highest since early January as investors bet on a stabilization of the ailing world economy and took heart from some upbeat corporate earnings.

Swiss bank UBS said on Thursday it had axed 2,000 U.S. jobs as part of its latest mammoth round of job cuts announced earlier in April.

Massachusetts' top securities regulator has begun a probe into whether State Street Corp , one the world's biggest institutional money managers, misled pension funds over the risk level of certain investments, according to a spokesman for his office.

MGM Mirage and Dubai World said on Wednesday they have reached an agreement with lenders on a plan to fully fund their $8.5 billion CityCenter joint venture on the Las Vegas Strip.

Bank of America Corp shareholders voted to oust embattled Chief Executive Kenneth Lewis as chairman of the board on Wednesday in what could be a precursor to his eventual replacement as CEO as well.

France BNP Paribas said Wednesday it has approved its sales from the Belgium Fortis Holding’s shareholders, in a deal that builds a new industry as the biggest banking group across the Europe by €540 billion or $706 billion deposits.

Bank of America Corp shareholders voted to oust Chief Executive Kenneth Lewis as chairman of the board on Wednesday after months of mounting criticism of his stewardship of the largest U.S. bank.

Bank of America Corp Chief Executive Kenneth Lewis appeared to survive a push by angry shareholders to push him off the bank's board -- though they may strip him of his job as chairman of the largest U.S. bank.

Morgan Stanley is not likely to pursue a retail bank acquisition while it scrambles to complete its joint venture with Citigroup Inc brokerage unit Smith Barney, Morgan Chief Executive John Mack said.

Bank of America Corp CEO Kenneth Lewis, facing a vote that could strip him of the chairmanship of the largest U.S. bank, defended his management decisions before thousands of shareholders at the bank's annual meeting on Wednesday.

Bank of America Corp's embattled CEO, Kenneth Lewis, may have to give up the post of chairman as shareholders hold a referendum on his eight-year tenure as head of the largest U.S. bank.

San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy, Indonesia's largest coal producer by market value, the Philippine conglomerate's president said on Wednesday.

Wall Street was poised for a higher open on Wednesday, even as data showed the U.S. economy shrank at a steeper pace than expected.

Bank of America Corp's embattled CEO, Kenneth Lewis, may have to give up the post of chairman as shareholders hold a referendum on his eight-year tenure as head of the largest U.S. bank.

Daniel Bouton, the chairman of Societe Generale whose reputation was hit by a trading scandal at the bank, resigned and blamed relentless verbal attacks on his performance for his decision to quit.