Bank of New York Mellon (BK.N) was sued by two U.S. states on Thursday over allegations that the company overcharged pension funds on foreign exchange transactions.
Solar industry revenue will shrink before it begins to rise again because dramatic price declines on solar panels will outweigh corresponding volume increases, according to a new report by Lux Research.
Spot gold reversed early losses, putting it back on track for its best week since January 2009 as worries about the euro zone debt crisis and global growth drive investors to safe havens.
British newspaper publisher Trinity Mirror will report first-half results on Friday and give an update on current trading expected to show a benefit from the closure of rival News Corp's News of the World.
O'Charley's Inc said it sees increased food and beverage costs -- mainly from higher beef prices -- continuing to weigh on its margins, and the casual dining chain posted a wider-than-expected quarterly loss, sending its shares down to their lowest in more than two years.
Former Pennsylvania county judge Mark Ciavarella Jr. was sentenced to 28 years in prison after being convicted of accepting a million dollars in bribe from a builder of juvenile detention centers.
Shares in L&T Finance Holdings fell as much as 5.2 percent on their trading debut on Friday, casting a shadow over the prospects of new share sales in a sluggish stock market.
Eight Republican White House hopefuls meet in a nationally televised debate on Thursday, hoping to generate momentum two days before an Iowa straw poll that will test the strength of their campaigns.
A federal panel sketched out its first vision of a regulatory roadmap for the booming shale natural gas industry on Thursday, urging more transparency on the use of chemicals and more careful treatment of waste water.
A broker has warned borrowers to be wary of chasing cheap fixed rates amid a wave of discounting that proliferate in the industry.
The Chinese media conglomerate DMG has put together a $300 million tentpole fund to bring U.S. movies to China, TheWrap has learned.
Members of Australia's largest organization of residential builders--the Housing Industry Association--had sought the Reserve Bank's policy intervention to slash down benchmark lending rates to spur consumer confidence to spend more and allow more room for the industry to grow.
Texas Governor Rick Perry, a staunch conservative with a Washington outsider's resume, will seek the 2012 Republican nomination for U.S. president, his spokesman said on Thursday, adding a top contender to the party's field of hopefuls.
Aggregators in Australia had been criticised for being too slow to update their lending panels to the dismay of brokers and clients.
Gold recoiled after tapping a new record on Thursday, tumbling more than 2 percent as an equities rebound and higher trading margins fanned profit-taking from the biggest rally since 2008.
A leading Republican lawmaker would not rule out tax increases on Thursday if they fostered economic growth, adding that "everything is on the table" for a U.S. congressional panel charged with forging a deal to cut the deficit.
Oil is likely to remain weak in the short term due to the sluggish global economy, while gold reaches new peaks on its increasing safe haven appeal and an expected further easing of U.S. monetary policy, a London-based fund manager said.
In days past, jawboning from Presidents and central banks was often enough to stem a financial markets selloff. Not anymore.
Warren Buffett has been buying amid this week's sharp declines in the market, and has not yet seen anything that suggests another downturn is emerging, the legendary investor told Fortune magazine.
Brinker International Inc (EAT.N) reported quarterly profit that was slightly higher than Wall Street expectations, as more patrons visited its Chili's Grill & Bar chain, and its shares jumped nearly 7 percent.
First Solar Inc Chairman and former Chief Executive Michael Ahearn sold more than $68.5 million of the company's stock in three days this week, a move that reduced his holdings by nearly 90 percent.
Wendy's Co (WEN.N), the third-largest U.S. fast-food hamburger chain, reported quarterly profit from continuing operations that matched Wall Street's view on Thursday, and shares rose nearly 2 percent.
Verizon Communications (NYSE:VZ) claims all is going well with its landline operations, though has filed injunctions against striking employees for destruction of property.
Kohl's posted better than expected earnings numbers Thursday, but slumping same-store sales pose potential problems for the department store.
U.S. home mortgage interest rates fell again this week, and the average 30-year fixed rate is now at a low 4.19 percent -- which creates an opportunity for prospective home buyers with good credit histories.
It took three stressful trips to the motor vehicle department before newlywed Danielle Tate finally succeeded in changing her name. Her frustration unleashed a new business that has saved thousands of brides from the same headache.
Firmer U.S. stocks pulled world shares higher on Thursday as strong U.S. jobs data took some of the focus away from renewed fears about the health of the euro zone banking system.
As the Verizon strike turns nasty, management is seeking injunctions to limit the number of strikers at company sites.
Apple has passed Exxon Mobil to become the world's most valuable company. Now it's time to ask what company make be next in line to make such a rise. At the moment, all indications point to Amazon.com.
World stocks and the euro fell back Thursday, prompting a rush to safe-haven government bonds as concerns resurfaced about the euro zone banking system and signs of funding stress.
