Goldman Sachs Group Inc reported stunningly strong quarterly earnings on Tuesday, overshadowing British financial regulators' move to follow their U.S. counterparts in pursuing civil fraud allegations against the dominant Wall Street bank.
Goldman Sachs Group Inc said first-quarter earnings nearly doubled, and Britain's financial regulator launched a formal probe related to civil fraud allegations against the Wall Street bank.
U.S. stock index futures rose on Tuesday on a wave of strong earnings reports, including Goldman Sachs and UnitedHealth, and on expectations of good results from other bellwethers including Apple.
Britain's financial regulator started a formal enforcement investigation into Goldman Sachs on Tuesday, four days after U.S. regulators filed a fraud case against Wall Street's biggest investment bank.
General Electric Co and other aircraft engine makers and regulators are studying the possibility of formulating limits for safely operating jet engines in volcanic ash, industry and regulatory officials said on Monday.
Goldman Sachs Group Inc said the bond trader at the center of a landmark civil fraud case against the firm is taking time off, and the regulatory fallout on Wall Street threatened to widen.
Goldman Sachs Group Inc faced rising regulatory and legal pressure on Monday as allegations that the bank duped clients fueled momentum for regulatory reform on both sides of the Atlantic.
Goldman Sachs may face legal action from German bank IKB and could be pursued by regulators in Germany and Britain after the U.S. investment bank was accused of duping clients.
UK publishers Thames & Hudson have just come out with Vincent Van Duysen: Complete Works, a comprehensive monograph of the Belgian architect's work, featuring more than 30 projects photographed by Alberto Piovano.
U.S. stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
U.S. stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
Asian stocks suffered their biggest loss in 10 weeks on Monday after U.S. regulators filed fraud charges against Goldman Sachs and China clamped down harder on property speculation, giving investors an excuse to take profits after markets had rallied to multi-month highs.
Global finance leaders face fractious talks this week on how to shift more voting power at the World Bank to emerging economic heavyweights such as China, a prelude to a bigger fight over the IMF.
European officials said they hoped half of flights would operate across the continent on Monday as they sought to ease four days of airline paralysis caused by a sprawling ash cloud from an Icelandic volcano.
A renewed bout of risk aversion sent the Australian Dollar lower late on Friday night and opens the new week trading at 0.9210, having gapped lower from Friday night's closing level of 0.9250.
Goldman Sachs Group Inc saw pressure building on both sides of the Atlantic on Sunday, just two days after it was charged by the U.S. Securities and Exchange Commission.
Germany and Britain will seek details from the U.S. Securities and Exchange Commission about the activities of Goldman Sachs Group Inc as a prelude to potential legal steps following a U.S.-led fraud investigation.
Prime Minister Gordon Brown said on Sunday he wanted Britain's financial watchdog to investigate U.S. bank Goldman Sachs after it was charged with fraud by U.S. regulators.
Prime Minister Gordon Brown said on Sunday he wanted Britain's financial regulator to conduct a special investigation into U.S. bank Goldman Sachs .
Iceland's government expects the economy to turn a corner in the second half of 2010 but said risks remained significant and the flow of aid from the International Monetary Fund would be crucial.
European Union finance ministers failed to agree on Saturday how to impose a bank levy, possibly delaying a global accord on taxing the financiers many accuse of causing recession.
Europeans are increasingly using their cellphones for satellite navigation in cars, directly threatening the personal navigation industry, research firm comScore said Friday.
