The top German official at the European Central Bank resigned unexpectedly on Friday in conflict with the bank's policy of buying government bonds to combat the euro zone's debt crisis.
Federal prosecutors in New York are building a criminal-fraud case against Liechtenstein's oldest bank, Liechtensteinische Landesbank, that could result in charges it helped wealthy Americans evade taxes, according to persons briefed on the matter.
The United States pressed Europe's strongest economies on Friday to give unequivocal financial support to weaker euro zone states to overcome a debt crisis that threatens the world economy.
Credit Suisse has hired Greenhill & Co investment banker George Matsuzaka to focus on the insurance sector, according to an internal memo obtained by Reuters on Friday.
Investors sent shares of AOL down over 5 percent on Friday after conflicting reports about a possible tie-up between AOL and Yahoo.
Without qualification or conditions, amid a tepid U.S. economic recovery, the U.S. housing market remains a buyer's market. That said, are there ways home sellers can better-position their home for a sale amid such intense competition? Indeed there are, and here are five.
Wall Street stocks tumbled on Friday after the surprise resignation of a European Central Bank executive board member brought concerns over the region's debt back to the fore.
The one component of President Barack Obama's jobs plan most likely to win approval in Congress -- payroll tax cuts -- will produce only a modest incremental lift to the U.S. economy and may barely nudge unemployment lower.
* THE ISSUE: President Barack Obama called on Congress late Thursday to pass a $447 billion package of spending initiatives and tax cuts to boost economic growth and generate jobs. Here are several investment ideas based on his proposals.
Treasury debt prices rose on Friday, taking benchmark yields to the lowest in at least 60 years as investors looked for a safe haven on revived worries a European debt crisis could have a significant global impact.
Google Inc is advising its Gmail email service customers in Iran to change their passwords in the wake of a cyberattack that has affected a major swath of the country.
The FBI raided the home of Solyndra CEO Brian Harrison on Thursday, the same day it searched the solar energy firm's Fremont, Calif., headquarters.
Gold prices fought back Friday against a powerful downdraft of worry about Europe's currency, prosperity and even unity to end the day in positive territory.
Interpol has issued a Red Notice for Moammar Gadhafi, the deposed Libyan leader who is currently in hiding. The international policing agency is reaching out to law-enforcement offices around the world with the hope that Gadhafi will be found and eventually extradited to the International Criminal Court for trial.
European Central Bank Executive Board Member Juergen Stark will step down from his post because of a conflict over the central bank's controversial bond-buying program, two sources told Reuters on Friday.
Electronic Arts Inc on Friday won the dismissal of a lawsuit by former Rutgers University quarterback Ryan Hart accusing it of using his image in its NCAA Football video game without permission.
It worked for asbestos so why not for toxic mortgages?
It worked for asbestos so why not for toxic mortgages?
European Central Bank Executive Board member Juergen Stark is resigning his post in what sources say is a protest against its policy of buying bonds to help troubled euro zone debtor states.
Stock indexes extended declines on Friday, with the Dow industrials down 3 percent as investors fretted over discord within the European Central Bank over how to deal with the region's sovereign debt crisis.
Treasury Secretary Timothy Geithner said on Friday that the Obama administration's new jobs bill, if passed by Congress, would have a substantial positive impact on the U.S. economy.
President Barack Obama, seeking to rescue a faltering U.S. economy and his own re-election prospects, began an uphill battle on Friday to win Republican support for a $447 billion jobs plan.
Gold prices pared losses in choppy trade on Friday but were still on track for their biggest weekly loss since June as some investors cashed in gains after losing confidence in the metal's ability to build on this week's record highs.
Silver and gold both fell Friday but the white metal was off proportionately more because unlike gold, which is a pure play store of value, silver has a significant and growing role in various industrial applications.
Juergen Stark is to quit his position on the European Central Bank's Executive Board, the bank said on Friday.
The top German official at the European Central Bank is to quit early in disagreement with the bank's policy of buying euro zone government bonds to combat the currency bloc's debt crisis.
The struggling U.S. housing market is expected to fall a little further as it searches for a bottom, but home prices are seen ticking up modestly in 2012, according to a Reuters poll released on Friday.
President Barack Obama, seeking to rescue a faltering economy and his own re-election prospects, began an uphill battle on Friday to win Republican support for a $447 billion jobs plan.
Stock index futures fell on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.
Stock index futures fell on Friday as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth.
