Goldman Sachs Group is in talks over a possible settlement with an Australian fund that said it became defunct after it bought into a $1 billion subprime mortgaged-linked security, the FT reported on Thursday.
Visa Inc reported a 33 percent increase in second quarter earnings, better than Wall Street expected, as consumer spending rebounded and management said it was increasingly optimistic about the economy.
A rebound in advertising should give a lift to the earnings of the big four U.S. media conglomerates, but there is uncertainty about the extent of the recovery and mixed views on the trajectory of their stocks.
Hewlett-Packard Co announced a $1.2 billion deal to buy Palm Inc , betting it can resuscitate the struggling smartphone maker to compete with the likes of Apple Inc and RIM .
Bank of America Corp named DuPont's long-time chief executive, Charles Holliday, as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.
U.S. deficit woes are not as dire as the fiscal problems of Greece and other nations, but a quick, credible action plan is still needed to avoid a future crisis, economists and policymakers said on Wednesday.
Australia: It was another choppy session for the AUD overnight after the US central bank left its interest rates at historical lows and Standard and Poor lowered its long-term credit rating for Spain
A three-day Senate standoff over efforts to overhaul financial regulation ended on Wednesday as Republicans dropped efforts to block a Democratic bill in exchange for a handful of concessions.
German Chancellor Angela Merkel said on Wednesday Greece's international bailout must be accelerated for the sake of the entire euro zone, as the far bigger Spanish economy suffered a credit rating downgrade.
Australian Dollar: The Australian Dollar opens at 0.9250 this morning higher against the Greenback after another night of volatile trade.
Sometime during the recession, work -- or the lack of it -- became funny.
CHICAGO (Reuters.com) - When it comes to understanding U.S. sensibilities, European entrepreneur Mats Lederhausen has always been ahead of the curve.
A majority of U.S. workers do not clearly understand how to help their companies' meet objectives and most say they don't get useful feedback from supervisors, according to research released on Wednesday.
Hewlett-Packard Co said it has struck a $1.2 billion deal for Palm Inc , offering a 23 percent premium to expand into the smartphone market.
SAP AG will start selling a long-delayed suite of Web-based software for running small to mid-sized businesses in July, a top company executive said on Wednesday.
Bank of America Corp named Charles Holliday as its chairman on Wednesday, hours after the largest U.S. consumer bank concluded its 2010 annual meeting.
U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy, comments that gave some relief to investors worried about possible debt defaults in Europe.
U.S. stocks rose on Wednesday after the Federal Reserve pointed to signs of strength in the economy in comments that gave some relief to investors worried about debt defaults in Europe.
Almost two decades ago, as interim chairman of Salomon Inc, Warren Buffett worked to restore order at the Wall Street firm after a Treasury auction scandal. Integrity mattered more to him than a few dollars lost.
Bank of America Corp investors peppered Chief Executive Officer Brian Moynihan with questions and complaints about its lending policies and dividend, but they rejected all but one of seven shareholder proposals at the company's annual meeting on Wednesday.
Calamos Investments sold its Goldman Sachs Group Inc holdings when the news of the civil fraud charges against the bank hit, fearing the stock was at best dead money, Co-Chief Investment Officer Nick Calamos said on Wednesday.
If the unemployment rate remains high, it is received political wisdom that President Barack Obama's ruling Democrats will be punished by the voters in congressional elections in November.
