NEW YORK CITY

The $10.5 million pay package for American International Group Inc's new chief executive Robert Benmosche will likely be approved formally by the U.S. government's compensation czar Kenneth Feinberg next week, the Wall Street Journal said, citing people familiar with the matter.

NEW YORK - NYSE Euronext (NYX.N) said on Thursday the trans-Atlantic stock exchange will acquire NYFIX Inc (NYFX.O) in a deal valued at $144 million, to optimize trading efficiency.

In an effort to combat falling advertising revenue, News Corp executives have been proposing the formation of a consortium with other publishers to charge for news distributed on the Internet and on portable devices, the Los Angeles Times reported on its website.

Stocks rose on Thursday after a snap back in Chinese equities offset a surprise rise in weekly jobless claims and other data that showed a mixed picture of the economy.

Bing Creeping Up; Hedge Funds Soar; AIG's New Direction

Citigroup Inc's contract with energy trader Andrew Hall, which reports say could pay him up to $100 million this year, will not be subject to rulings by the Obama administration's pay czar, a source close to the bank said on Wednesday.

The bodies of five Italian tourists killed when a small plane crashed into their tourist helicopter were flown to Italy on Wednesday.

Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost-cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains tough.

Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains challenging.

American International Group Inc , the insurer that received $180 billion of federal bailouts, posted its first profit in seven quarters on Friday, sending its shares up 9 percent in premarket trade.

Transatlantic exchange group NYSE Euronext on Thursday said it planned to cut 290 jobs in Europe and the U.S. as second-quarter earnings before one-off items dropped 34 percent to $132 million.

Citigroup Inc is closing its consumer finance business in Italy and will reduce its employees in the country to about 500 from 1,000 as part of its plans to focus on the Citicorp business.

Kuwait's Al Raya Investment said on Saturday it has committed no violations after the U.S. Securities and Exchange Commission sued its CEO financier Hazem Khalid Al-Braikan over suspicious stock trades.

High speed trading for stocks is under pressure from a senior Senator who has called on the top U.S. securities regulator to ban a certain type of orders which he says gives and advantage to some traders over others.

Stocks rallied on Thursday, with the Dow industrials piercing the key 9,000 mark, as investors viewed strong quarterly results from 3M & Co and other companies, plus improving home sales data as signs the economy is stabilizing.

The Nasdaq rose on Wednesday for the 11th straight day, buoyed by solid profits from Apple Inc and Starbucks Corp , while disappointing bank results and declining energy shares weighed on the broader market.

U.S. Banks confront losses, Morgan Stanley's Woes, Big Pharma Beats Expectations

Stocks rose on Tuesday as a solid profit from Caterpillar Inc overcame some uneasiness about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up.

Stocks rose on Tuesday as a solid profit from Caterpillar Inc overcame some uneasiness about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up.

Citigroup Inc on Friday reported quarterly earnings.

Gannett Co Inc , the largest U.S. newspaper publisher, reported stronger-than-expected quarterly results after slashing jobs to cut costs, sending its shares up 20 percent.