U.S. banking regulators have asked prospective buyers of struggling Texas bank Guaranty Financial Group to submit bids by Monday, the Financial Times reported, citing people familiar with the matter.
Tax Deal Details Emerging; DNA Microchips? Lucratrive Trade
The yen was broadly firmer on Monday after weak economic data out of the U.S. clouded the outlook for a quick global recovery, prompting further profit taking in commodity-linked currencies after their sizzling rally.
Oil prices fell below $67 a barrel on Monday, extending the previous session's 4.3 percent decline, as poor U.S. economic data clouded the outlook for a quick global recovery and prompted further profit taking.
Comcast Corp has been hoarding cash to better manage its balance sheet but investors worry that it could be building a war chest for a splashy acquisition similar to its failed 2004 bid for Walt Disney Co.
The deal initialed last week between the United States and Switzerland over UBS will involve the disclosure of around 5,000 holders of secret Swiss accounts, weekly newspaper NZZ am Sonntag said on Sunday.
The Australian Dollar opens the new week lower at 0.8283. The Aussie hit an eleven-month high of 0.8475 last Friday after the Reserve Bank of Australia governor Mr Glenn Stevens said a normal cash rate is noticeably higher than the current level of 3 per cent.
Usain Bolt of Jamaica shattered his own world record in the 100 meters dash on Sunday with a time of 9.58 seconds at the World Championships in Berlin.
U.S. stocks could extend last week's retreat after a four-week advance as the earnings season winds down and investors search for signs that consumer spending will help sustain an economic recovery.
U.S. President Barack Obama reignited his criticism of health insurance companies on Saturday, promising reforms that would prevent firms from capping coverage or charging outrageous fees.
U.S. senator Jim Webb said on Sunday he had asked Myanmar to free opposition leader Aung San Suu Kyi and let her take part in politics during talks that secured the release of an American jailed for visiting her.
President Mahmoud Ahmadinejad said on Sunday he would propose at least three female ministers in his new cabinet following Iran's disputed election, an unprecedented move in the conservative Islamic state.
The deal initialed last week between the United States and Switzerland over UBS will involve the disclosure of around 5,000 holders of secret Swiss accounts, weekly newspaper NZZ am Sonntag said on Sunday.
A successful Doha round trade deal could boost the global economy by $300-700 billion a year, a study by the Peterson Institute for International Economics said.
Indian Bollywood star Shah Rukh Khan said he felt angry and humiliated after he was detained and questioned at a U.S. airport, sparking an uproar in India among his fans.
There is speculation that Radiohead will issue a new digital EP as early as Monday, after the leak of a track online assumed to be a new song by the band.
Singer Kelly Clarkson and basketball superstar LeBron James are teaming up with the Bill & Melinda Gates Foundation and broadcaster Viacom for a TV special to encourage America's youth to
Quick sales of companies are replacing traditional, lengthy U.S. bankruptcy reorganizations, and a lack of affordable credit and a recent appeals court opinion is expected to intensify the trend.
Citigroup Inc says two of its traders are exempt from a government review of the bank's top executive pay packages, The New York Times reported on Saturday.
The Taliban claimed responsibility for a suicide car bomb that killed seven people on Saturday in the heart of the Afghan capital's most secure district five days before an election the Islamist group has vowed to disrupt.
Taiwan leaders, already under fire over the response to a typhoon that likely killed hundreds, have accepted foreign aid after earlier refusing the offers, officials said on Saturday, as the president apologized.
U.S. Senator Jim Webb met Myanmar top military leader Than Shwe and opposition leader Aung San Suu Kyi on Saturday and announced the release of an American jailed for visiting the Nobel peace laureate.
