New orders for U.S. durable goods slipped 0.8 percent in March, far less than Wall Street expected, while their gain in February was revised downward, Commerce Department data showed on Friday.
Stock index futures pointed to a higher open on Friday after Ford Motor Co reported better-than-expected results as investors awaited data on manufacturing and housing.
World stocks and the euro rose on Friday after a bigger-than-expected rise in Germany's key corporate sentiment survey, while better earnings from several regional U.S. banks also boosted investor morale.
Morgan Stanley , which posted a wider-than-expected first-quarter loss this week, is eyeing changes to its biggest proprietary-trading desk, the Wall Street Journal said, citing people familiar with the discussions.
Another lender to bankrupt U.S. cable TV operator Charter Communications has objected to the company's reorganization plan, saying Charter's attempt to reinstate $11.8 billion of debt may not be feasible.
American Express Co , reported better-than-expected earnings on Thursday as it slashed costs and said it intended to repay government bailout funds as soon as regulators allow, sending its shares up 6 percent.
The U.S. Federal Reserve lifted the lid on its efforts to shore up the financial system on Thursday, and in the process, showed a $3 billion loss on the books from its deal to rescue investment bank Bear Stearns.
U.S. officials testing the health of the nation's top banks must walk a tightrope when they disclose the exams' results: The scrutiny must be tough enough to be credible, but not so harsh as to rattle an already shaken system.
Bank of America chief was not advised on disclosure issues by anyone at the Federal Reserve, Fed spokeswoman, Michelle Smith said on Thursday.
Chrysler LLC's first-lien lenders are preparing another counter-offer to the U.S. Treasury that involves reducing the automaker's debt, sources familiar with the matter said on Thursday.
No one at the Federal Reserve advised Bank of America chief Kenneth Lewis on any disclosure issues, Fed spokeswoman Michelle Smith said on Thursday.
U.S. stocks rose in volatile trade on Thursday as better-than-expected results from several regional banks lifted financial shares, overshadowing disappointing economic data and anemic outlooks from economic bellwethers like United Parcel Service.
Hartford Financial Services Group Inc is trying to sell its property and casualty business, sources familiar with the matter said on Thursday, as the U.S. insurer reels from massive losses.
Hartford Financial Services Group Inc is trying to sell its property and casualty business, sources familiar with the matter said on Thursday, as the U.S. insurer reels from massive losses.
California Attorney General Edmund Brown on Thursday sued Wells Fargo for $1.5 billion over alleged false statements made to investors about the liquidity of auction-rate securities, court documents showed.
Stocks were little changed on Thursday as disappointing economic data and outlooks from bellwethers like UPS were offset by a rise in regional banks.
The Treasury has raised its offer to Chrysler lenders with just over a week remaining for the embattled automaker to reach deals to cut its debt, labor costs and reach an alliance with Italy's Fiat SpA, sources said on Wednesday.
S&P 500 index futures trimmed gains on Thursday after government data showed the number of workers filing new claims for jobless benefits rose slightly more than expected last week.
Credit Suisse's first-quarter net profit far exceeded forecasts thanks to surprisingly robust trading gains and healthy rich client inflows, making it upbeat about its future while other banks still struggle.
Stock index futures pointed to a higher open for Wall Street on Thursday, after iPhones maker Apple beat forecasts with its quarterly profit overnight.
Credit Suisse on Thursday posted a net profit of 2 billion Swiss francs ($1.71 billion) for the first quarter, twice as much as expected by analysts, and said it remained optimistic about its prospects.
