Kweku Adoboli has been charged with fraud and false accounting by London police in connection with unauthorized trades at UBS that caused the bank a $2 billion loss. Adoboli has also reportedly admitted to the bank he caused the losses. His father, a retired United Nations employee living in Ghana, said his son made a mistake.
Consumer sentiment inched up in early September, but Americans remained gloomy about the future with a gauge of expectations falling to the lowest level since 1980, a survey released on Friday showed.
Silver and platinum may lag other precious metals in the coming months, according to analysts studying both their price movements and the broader economy.
Ron Paul has at least one celebrity firmly in his camp: singer Barry Manilow.
Research in Motion, the BlackBerry developer, needs a new “transformational” CEO or to be put up for auction now, activist investor Victor Alboini said.
Stock index futures were lower on Friday after equities notched four days of gains and as European policymakers gathered to discuss the region's debt crisis, while Research in Motion weighed on the technology sector after a weak earnings report.
Reports that former Alaskan governor Sarah Palin and former NBA basketball star Glen Rice had a one-time fling continued to dominate the headlines and social media Web sites on Friday.
Medical device maker Natus Medical Inc said it bought privately-held Embla Systems LLC for about $16.1 million in cash to expand its sleep diagnostics portfolio.
A centerpiece of the Obama administration's immigration policy drew its sharpest criticism yet, as a major task force urged U.S. Immigration and Customs Enforcement to overhaul the embattled Secure Communities program.
Molycorp Inc (MCP.N) said on Friday it has broken off talks with Japan's Sumitomo Corp with regard to a financing deal, as the investment is no longer necessary for the implementation of its business plan.
The cost to install solar power in the United States fell by 17 percent in 2010 and is on pace to drop even faster this year, according to a new report issued by the Lawrence Berkeley National Laboratory.
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Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.
Research In Motion is losing market share much faster than expected to rivals Apple and Google, amid mounting concerns over its cash flow and ability to meet its outlook, analysts warned on Friday.
Stock index futures were lower on Friday after equities notched four days of gains and as European policymakers gathered to discuss the region's debt crisis, while Research in Motion weighed on the technology sector after a weak earnings report.
Palestinian leaders vowed to seek United Nations recognition for a state of their own, rebuffing entreaties from American diplomats who are scrambling to avert a potentially explosive situation.
Amid a time of seemingly endless partisan bickering between Democrats and Republicans in Washington, United States Marine Corps Sgt. Dakota Meyer has shown everyone inside the beltway the bipartisan way: Meyer has been awarded the Medal of Honor for risking his life in Afghanistan numerous times to save 36 comrades.
Volatility in equity markets is burning smart-money players, and even experienced traders are finding it hard to keep up.
Gold prices rebounded Friday, along with other safe-haven investments, literally hours after dropping sharply on word that the world's biggest central bankers were jointly moving to protect the eurozone's commercial financial institutions.
Stock index futures were lower on Friday after equities notched four days of gains and as European policymakers gathered to discuss the region's debt crisis, while Research in Motion weighed on the technology sector after a weak earnings report.
Researchers say breast and cervical cancers are rising at an alarming rate and the number of new breast cancer cases has increased from about 641,000 cases in 1980 to 1.6 million cases in 2010.
Arrested at his UBS trading desk, rogue trader Kweku Adoboli allegedly told the bank about his unauthorized trading that resulted in a nearly $2 billion loss.
