Wells Fargo said the asset management unit Evergreen Investments which it inherited when it bought Wachovia Corp was not for sale, even as it scales back Wachovia's investment banking operation, the NY Post reported citing sources.
Shareholders and former creditors of Hynix Semiconductor have agreed to let the world's No.2 memory chip maker raise up to $519 million in a rights offer, knocking its shares down 8 percent before a late rally.
Stock index futures pointed to a higher open on Thursday after Wells Fargo gave first quarter guidance and a New York Times report the U.S. banking industry seems to be in better shape than many people thought.
Stock index futures pointed to a higher open on Thursday after the New York Times reported the U.S. banking industry seems to be in better shape than many people think, citing officials involved in the federal stress tests.
Morgan Stanley's bottom line will be hurt by the recent rebound in its bond prices, the Wall Street Journal said.
Bank of America, the U.S Largest Bank, may need a big capital boost in equity to bolster its capital ratios, analysts at Oppenheimer & Co said Wednesday, according to Bloomberg.
Dell rose nearly 4 percent on Wednesday after Craig-Hallum analyst Christian Schwab raised upgraded the stock from buy to neutral and raised his new price target for the computer maker to $19, nearly double the firm’s closing price of $9.83 yesterday.
U.S. securities regulators floated five new proposals to curb short selling, drawing fire from short sellers who feel they are being made scapegoats for the financial crisis and stock market plunge.
A banking analyst at Oppenheimer & Co said that when big banks proclaim that they are performing well, they better be right.
Alcoa shares rose after analyst saw cost cutting progress inside it first-quarter loss.
U.S. securities regulators will seek public comment on five proposals to curb short selling, blamed by some lawmakers and executives for deepening the financial crisis and driving down share prices.
U.S. securities regulators will seek public comment on five proposals to curb short selling, blamed by some lawmakers and executives for deepening the financial crisis and driving down share prices.
Proposals for curbing short selling, blamed by some U.S. lawmakers and executives for worsening the financial crisis and driving down share prices, will be issued for public comment.
The U.S. Treasury said on Wednesday some life insurers have met requirements for government capital investments under an existing rescue plan, clarifying that it is not launching a new bailout for the sector.
U.S. banks' first-quarter results will show that losses from credit cards and commercial and real estate loans have not yet peaked, and perhaps dash hopes that the worst of the banking crisis has passed.
U.S. banks' first-quarter results will show that losses from credit cards and commercial and real estate loans have not yet peaked, and perhaps dash hopes that the worst of the banking crisis has passed.
The U.S. Treasury said on Wednesday some life insurers have met requirements for government capital investments under an existing rescue plan, clarifying that it is not launching a new bailout for the sector.
U.S. securities regulators were considering proposed curbs on short selling at a meeting on Wednesday, weighing steps that could restrict a type of investing blamed by some lawmakers and executives for worsening the financial crisis and driving down share prices.
U.S. securities regulators were considering proposed curbs on short selling at a meeting on Wednesday, weighing steps that could restrict a type of investing blamed by some lawmakers and executives for worsening the financial crisis and driving down share prices.
Stock index futures pointed to a higher open on Wednesday after news of government aid for life insurers and a merger among homebuilders spurred optimism and offset a quarterly loss from Alcoa .
Stock index futures pointed to a lower open on Wednesday Dow component Alcoa kicked off the earnings season with its second consecutive quarterly loss and reignited concern about the global economy.
Stock index futures pointed to a lower open on Wall Street on Wednesday, as mounting fears over corporate results knocked down stock markets around the world.
