JPMorgan Chase & Co on Friday announced a record $9.3 billion payday for its investment-banking employees, setting the stage for competitors like Goldman Sachs Group Inc to also make eye-popping payouts.
Tata Consultancy Services glided past street estimates with a 33 percent rise in quarterly profit as demand for outsourcing surged and prices stabilised, fuelling hopes of recovery in the showpiece sector.
U.S. federal fund futures rose for the second day in a row on Friday as investors continued to push back expectations for the timing of a Federal Reserve interest rate hike on the back of a benign inflation report.
Negotiators from the House of Representatives and Senate made solid progress in talks that stretched into the early morning on Friday, the White House said. Democrats hope to send the bill's major provisions to budget analysts within days.
As phone makers increasingly focus on developing their own browsers, mobile browser makers are turning to operators and new software stores to open new sales opportunities to make up for lost sales.
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.
U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.
Europe's leading economies showed no sign on Friday of adopting U.S. President Barack Obama's proposal for a levy on banks to repay taxpayers for bailouts but vowed to press on with their own ideas to target the sector. The president of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said Obama was right to propose the plan, which foresees Wall Street banks paying up to $117 b...
The United States will soon give China a formal diplomatic note expressing concern about cyber attacks that prompted Google Inc to threaten to pull out of China, the U.S. State Department said on Friday.
The U.S. idea of recouping the costs of the financial bailout by taxing banks is the right one, the chairman of euro zone finance ministers said on Friday, but it would be difficult to copy in the European Union.
Verizon Wireless, the biggest U.S. mobile service, is cutting its fees for voice calls by about 30 percent, in a move that accelerates a price war in the ferociously competitive U.S. wireless market.
U.S. stocks slid on Friday, with bank shares leading the way, after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the pivotal industry.
Bank of America Corp and Capital One Financial Corp reported jumps in U.S. credit card charge-offs for December, suggesting consumers were stressed through the holiday shopping season.
Brazilian mining giant Vale said on Friday it plans to expand its fertilizer business with a $3.8 billion takeover of Bunge assets in the country, making its largest bet so far on a surge in demand for potash as global food consumption grows.
Hyundai Motor Group, South Korea's top automaker, said it planned to raise investment by 12 percent this year to its largest ever to develop eco-friendly models, and as it aims to boost global sales volume by 17 percent.
A crisis tax proposed by the Obama administration would cut substantially into bank earnings across Europe and could sidetrack the sector's recovery, analysts and industry officials said Friday.
Six al Qaeda militants were killed in an air strike in northern Yemen on Friday in a stepped-up campaign by the Yemeni government against the Islamist militant group.
JPMorgan Beats Views; Detroit's High Tech Cars; Mobile Leaders Sued
Wall Street stumbled on Friday, weighed by banking stocks after disappointing results from JPMorgan Chase & Co set a gloomy tone for the coming week's earnings.
U.S. consumer prices rose modestly last month while a cold snap lifted industrial output, suggesting the economy was growing but not generating enough inflation to trouble the Federal Reserve.
Google Inc jolted investors and China this week by threatening to quit the Communist Party-run nation over censorship and hacking, and both sides are tight-lipped about what they expect to happen next.
A potential deep cut in feed-in tariffs in Germany will hit solar companies around the world and increases pressure on large players to reduce exposure to the world's largest photovoltaic market.
