Wells Fargo shares buffeted by Buffett
Wells Fargo & Co shares as much as 24.3 percent after the billionaire investor Warren Buffett said the fourth-largest U.S. bank will emerge better than ever from the nation's credit crisis.
Dow and S&P up but drugs weigh
The Dow industrials and the S&P rose modestly while the Nasdaq dipped in choppy trade on Monday as gains by the energy and banking sectors were offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
Dow and S&P up as energy and bank gains offset by drugs
The Dow industrials and the S&P rose modestly while the Nasdaq dipped in choppy trade on Monday as gains by the energy and banking sectors were offset by a drop in pharmaceuticals after Merck's proposed $41 billion takeover of Schering-Plough .
Inventor says Google settles voicemail patent claim
Google has agreed to settle an intellectual property claim brought by serial inventor Judah Klausner, who has won settlements in the past from Apple, Skype and LG Electronics, Klausner said on Monday.
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McDonald's same-store sales up 1.4 percent in February
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Central bankers see hope of pickup amid global slowdown
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Iran says U.S. failing in Afghanistan
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Oil rises $3 on chance of OPEC cut
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
North Korea says on full combat readiness
North Korea on Monday said it had put its armed forces on full combat readiness in response to the start of annual military exercises by U.S. and South Korean troops, raising tension on the divided peninsula.
EU backs IMF fund boost
The European Union was set to back an International Monetary Fund call for $500 billion to fight the financial crisis on Monday as world stocks sank toward 14 year lows in a broad-based sell-off.
McDonald's same-store sales up 1.4 percent
McDonald's Corp posted a 1.4 percent rise in February sales at restaurants open at least 13 months as strength in the United States helped offset the impact of the stronger dollar.
Oil eases after OPEC-linked buying ebbs
Oil fell slightly on Monday, wiping out an early 1 percent spike over $47 on speculation OPEC may agree to cut output further at a March 15 meeting.
Buffett says economy fell off cliff
Warren Buffett said on Monday the U.S. economy had fallen off a cliff but would eventually recover, although a rebound could kindle inflation worse than that experienced in the late 1970s.
Stock futures drop as bank woes eclipse drug firms deal
Stock futures signaled Wall Street could hit fresh 12-year lows at the open on Monday as a lack of confidence in steps to shore up ailing banks persists, offsetting news of a $41 billion drug sector takeover.
Buffett says economy fell off cliff, fears inflation
Warren Buffett said on Monday that the U.S. economy had fallen off a cliff and eventually would recover, although a rebound could rekindle inflation worse than experienced in the late 1970s.
Roche seen sealing Genentech deal after upping bid
Roche Holding AG looks likely to seal a deal to buy out U.S. biotech group Genentech Inc , analysts said on Monday, after the Swiss drugmaker upped its offer to $45.7 billion.
Global equity sell-off amid economic gloom
World stocks sank toward 14-year lows in a broad-based sell-off on Monday, dragged lower by economic gloom in Europe and Asia, where Japan recorded its largest current account deficit on record.
EU backs IMF fund boost as Japan swings to deficit
The European Union is set to back an International Monetary Fund call for $500 billion to fight the global financial crisis, a document showed on Monday as Japan posted its first current account deficit in 13 years.
EPA urged to raise ethanol blend rate
An ethanol trade group submitted a formal request to the U.S. Environmental Protection Agency on Friday to boost the allowed ethanol-to-gasoline blend rate as high as 15 percent from the current cap of 10 percent.
U.S. government may take oil royalty fight to Supreme Court
The U.S. government, fearing the loss of up to $10 billion in old drilling royalties from oil companies, may take a dispute with Anadarko Petroleum Corp to the U.S. Supreme Court, Interior Secretary Ken Salazar said on Friday.
Global financial market losses $50 trillion: ADB study
The global financial crisis slashed the value of financial assets worldwide by $50 trillion last year, a study commissioned by the Asian Development Bank (ADB) said on Monday.
Broad-based equity sell off amid economic gloom
World stocks sank toward 14-year lows in a broad-based sell off on Monday, dragged lower by economic gloom in Europe and Asia, where Japan recorded its largest current account deficit on record.
From Madoff to Stanford, sleuths chase assets
While accused hedge fund swindler Arthur Nadel sits in a Manhattan jail, Burton Wiand is busy seizing control of his assets -- a 453-acre mountainside tract of land in North Carolina, several airplane hangars and a jumble of bank accounts.
AIG warned of global turmoil before rescue: report
American International Group Inc had warned of turmoil around the globe if the government allowed the insurer to fail when it appealed to U.S. regulators for its latest rescue, Bloomberg said citing an AIG presentation dated February 26.
Nikkei hits 26-year low as funds leave Asia
Japan's Nikkei average struck a 26-year low on Monday and other Asian markets slipped on worries about the fate of General Motors and U.S. banks, while the yen edged up in a slight reversal of its broad slide.
EU backs IMF fund boost as economic gloom deepens
European Union finance ministers are set to back a call from the International Monetary Fund to double its funds to $500 billion to fight the global financial crisis, a document showed on Monday.
Japan gloom deepens, U.S. urges coordination
Japan swung to its first current account deficit in 13 years in January as exports collapsed, and a key U.S. policymaker said a coordinated global effort was needed to boost demand and drag the world out of recession.
12,000 US troops out of Iraq by September
On Sunday officials said that approximately 12,000 U.S soldiers are expected to leave Iraq by September.
Wall St Week Ahead: GM, banks' fate to keep investors on edge
With stocks mired in multi-year lows and the fate of General Motors and banks hanging in the balance, investors are unlikely to curb their flight from risk this week, putting Wall Street on track for another brutal sell-off.
Who got AIG's bailout billions?
Where, oh where, did AIG's bailout billions go? That question may reverberate even louder through the halls of government in the week ahead now that a partial list of beneficiaries has been published.
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