Corporate earnings news will likely determine the course of the stock market next week as investors scan profit outlooks for enough strength to propel the Dow industrials the few hundred more points the index needs for a record high.
Aging directors, diversification needs, fund-raising fatigue, and a current lull in the buyout market are prompting large private equity firms to take a serious look at launching publicly traded funds.
The headwind of rising U.S. interest rates may be about to ease, but investors are still facing tighter money across the board and some are beginning to sound warning bells about emerging markets as a result.
The property casualty insurance industry lost money on underwriting operations in 2005 but turned a profit for the year because of strong investment results, according to a trade association report.
China's banking regulators on Tuesday issued rules for commercial banks to invest client funds offshore, an important step toward opening up the country's tightly controlled foreign exchange regime.
China Construction Bank, one of the country's largest state banks, denied on Monday a newspaper report it is in early talks with Bear Stearns that could lead to its taking a minority stake in the Wall Street securities firm.
China Construction Bank Corp., one of the country's largest state banks, denied a newspaper report on Monday that it is in early talks with Bear Stearns Cos. that could lead to it taking a minority stake in the Wall Street investment bank.
A Merrill Lynch analyst, two Goldman Sachs employees and a worker at a plant that printed Business Week magazine have been charged in an insider trading scheme that netted more than $6.7 million, prosecutors said Tuesday.
The London Stock Exchange and Euronext have held secret talks about a all-shares merger of equals to create a European super exchange valued at about 6 billion pounds ($10.5 billion), the Observer newspaper said on Sunday.
The recent forays by global banking powers Citigroup Inc. and HSBC Holdings Plc into U.S. Internet banking don't alarm the chief executive of ING Direct, which has been in that market for five years now.
