RBC Capital Markets said the completion of initial debt exchange and sale of additional non-strategic assets will strengthen the balance sheet of Bank of America Corp.
Prosensa announced the outcome of the Opposition Division of the European Patent Office (EPO) ruling on dystrophin exon 51 skipping molecule. Wedbush Securities said the EPO decision, pending any appeal, may effectively prevent AVI BioPharma from marketing its lead exon 51 skipping molecule, eteplirsen, for Duchenne Muscular Dystrophy in the European Union without a license
Worries about out-of-control government debt on both sides of the Atlantic swept across financial markets again on Monday, knocking stocks sharply lower and pushing up prices of bonds deemed to be safe havens.
Shares in Japan's Olympus Corp jumped more than 15 percent in early trade Monday on persistent speculation that the disgraced maker of cameras and endoscopes may avoid delisting despite the accounting scandal engulfing it.
Greece's new prime minister headed to Brussels on Sunday to fight for the aid Athens needs to avoid bankruptcy, even as one of his coalition backers refused to give a written pledge to support reforms and a public-sector union readied itself for strikes.
When Lehman Brothers Holdings Inc. collapsed in September 2008 and shattered the belief that U.S. money-market funds would never break the buck, Washington rushed to limit the damage.
Top Car Debuts at the Los Angeles Auto Show 2011 [PHOTOS, VIDEO]
Newly installed Prime Minister Mario Monti got straight to work at the weekend, reviewing Italy's parlous finances before a round of meetings in coming days with European leaders to discuss the growing Eurozone debt crisis.
American mining corporation, Molycorp Inc. has indicated that funding of new mining operations by developers may be difficult following the sharp decline in rare earth metal prices.
Airbus SAS has opened a logistics company in Tianjin, China, to optimize and support supply chain management for present and future industrial cooperation programs of EADS and Airbus in China. The center, in Tianjin's Free Trade Zone Comprehensive Bonded Area, is now fully operational.
On top of fundraising, the daily-deals company is discussing plans for a credit facility of $100 million.
Before 2010, most people in developed countries did not know what a sovereign debt crisis was because they never experienced it firsthand. After Greece was brought to its knees by this phenomenon, the phrase “sovereign debt crisis” was on the lips of virtually all Europeans.
The Australian arm of the collapsed U.S. futures broker MF Global Holdings Ltd. has been shuttered by the administrator Deloitte after no buyers could be found, The Australian newspaper reported on Saturday.
Wall Street is in for a volatile week as escalating problems in Europe's debt crisis continue to keep investors on their toes. With light trading volume expected due to the U.S. Thanksgiving holiday on Thursday, intraday swings are likely to be wide and frequent.
Consumer prices in Morocco fell year-on-year in October, their second drop this year, due mostly to cheaper food, official data showed on Friday.
Negative rumors have turned Jefferies Group Inc. into the latest financial whipping boy. A controversial report from ratings agency Egan-Jones, which the firm has stood by, has spooked the markets. Jefferies is insistent that it remains solid. Who will investors believe?
The dollar firmed to a session high against the U.S. currency on Friday after data showed Canada's October inflation rate came in higher than forecast, curbing market bets on an interest rate cut.
The European Central Bank has secretly imposed a weekly limit of about 20 billion euros ($27 billion) on its euro zone sovereign bond-buying program, according to a report in Germany's Frankfurter Allgemeine Zeitung published on Friday.
Italian and Spanish government debt yields fell on Friday, as the European Central Bank bought bonds in the secondary market, but held close to unsustainable levels as contagion fears and money market stress raised the pressure for policymaker action.
Salesforce.com (NYSE:CRM) said Thursday it slipped to a loss in its third quarter on higher costs and said the losses would continue into the fourth quarter.
The top aftermarket NYSE gainers Thursday were: Ann Inc, Parker Drilling, Meritor, Western Alliance Bancorporation, Companhia Brasileira de Distrib, Carnival Corp, Basic Energy Services, Woori Finance Holdings, Gerdau, Hewlett-Packard and Sprint Nextel Corp.
The top after market NYSE Losers on Thursday were: Salesforce.com, CF Industries Holdings, Energy Transfer Equity, Dole Food Co, Elan Corp, Iamgold, Safeway, Jabil Circuit, International Paper and Red Hat Inc.
A corporate governance advocacy group whose members include institutional investors that collectively manage assets of more than $10 trillion urged Tokyo's stock exchange on Friday not to delist disgraced Olympus Corp .
The top after-market NASDAQ stock market gainers are: Blue Coat Systems, Focus Media, CTC Media, KIT Digital, Shoe Carnival, Photronics, Republic Airways Holdings, ON Semiconductor, Morgans Hotel and Perry Ellis.
The top after-market NASDAQ stock market losers are: Columbia Labs, Cadence Pharma, SemiLEDS, Alnylam Pharma and Liberty Interactive.
The companies that are expected to see active trade Friday are: Ann Inc, Blue Coat Systems, H J Heinz, Salesforce.com, Nike, Shanda Games, Gap, Aruba Networks, Marvell Technology and Marvell Technology.
Boeing Co. Has received its biggest commercial jet order ever by Indonesia's Lion Air who made an agreement to purchase 230 new 737 models. At $21.7 billion, the order will be the biggest order and the largest transaction till date.
Business magnate, Richard Branson's Virgin Money financial services company has brought Northern Rock for $1.2 billion. This has been the first sale of a nationalized bank in the country since the 2008 financial crisis.
John A. Mattera was arrested Thursday for telling investors that they could buy shares of stock from Facebook, Twitter and other technology companies before their initial public offering.
In what appears to be a rapidly developing trend, Chinese visitors to the United States are being noticed more for the flash of their newly-bought designer bags than that of their Nikons. Tiffany & Co. (NYSE:TIF), Coach, Inc. (NYSE:COH) and Ralph Lauren (NYSE:RL) are just a few of the companies in the luxury retail sector that have recently noted how higher revenue at their North American operations has largely been boosted by Chinese shoppers on vacation.
