A U.S. regulator sued 17 large banks and financial institutions on Friday over losses on about $200 billion of subprime bonds, which may hamper a broader government settlement of the mortgage mess left over from the housing crisis.
U.S. government bond investors see Federal Reserve action to boost the flagging economy as practically a done deal after Friday's dismal jobs report.
Stocks tumbled 2 percent on Friday after data showing zero jobs growth in August brought investors face-to-face with the prospect of another recession.
Bank of New York Mellon Corp has agreed to pay $33.8 million in severance and benefits to Robert Kelly, who stepped down as chief executive this week after disagreeing with the board over how to manage the company.
Berkshire Hathaway extensively revised documents related to the acquisition of Wesco Financial at the insistence of securities regulators, according to an April letter made public on Friday.
The International Monetary Fund, in a report summarizing its assessment of potential spillover impacts of global economic policy, suggested on Friday that debt sustainability was a key area of concern.
Bank of America Corp executives are discussing plans to potentially shed 25,000 to 30,000 jobs over the next several years, the Charlotte Observer said.
Outside, the sun is shining, but it is dark in the production room where more than 150 Ubisoft artists, animators and engineers are racing to finish the latest edition of Assassin's Creed, one of this holiday's hotly anticipated games.
A U.S. regulator plans to sue major banks in coming days over subprime mortgage bonds, two sources said, in a lawsuit that may hamper a broader government mortgage settlement with banks.
A darkening U.S. economic outlook is forcing Federal Reserve officials to dig ever deeper into an already depleted policy toolkit and consider measures until recently deemed too radical.
The International Monetary Fund on Friday said it approved a $2.11 billion disbursement to help debt-stricken Ireland as part of a broader bailout package.
As strongly as gold bullion prices have risen lately, the are greater for an even more robust surge among gold mining company stocks, a CIBC analyst said.
It's been said for many years in Wall Street circles that Sprint has no where to go but up, and if the company can add Apple's iPhone 5 to its smartphone offerings this autumn, Sprint's revenue will likely do just that -- head up.
China's Communist Party control is at risk unless the government takes firmer steps to stop Internet opinion being shaped by increasingly organized political foes, a team of party writers warned in a commentary published on Friday.
Marketing engine Next Jump Inc agreed to stop emailing Borders Group Inc's customers while the parties hash out how to move forward in trademark infringement litigation, a lawyer for Borders said on Friday.
Silver mining company stocks posted big gains Friday on the back of a hefty surge in silver's price and renewed fears that the U.S. may be headed for a double-dip recession.
Gold prices vaulted higher Friday, as did silver prices, after the U.S. government revealed that no new jobs were created last month, a body blow to stocks but a gift to investors who bought Treasuries or precious metals.
Wall Street stocks dropped more than 2 percent on Friday as Labor Department data showed jobs growth flatlined in August, intensifying worries the economy is staggering.
Gold rose to a 1-1/2 week high on Friday as investors sought refuge in safe haven assets after a disappointing labour market report from the United States added to mounting fears about the pace of recovery in the world's largest economy
Wall Street stocks dropped on Friday, with major indexes falling as much as 2 percent as Labor Department data showed jobs growth flatlined in August, intensifying worries the economy is staggering.
Samsung’s new Galaxy S2 was released in more than 120 countries, and it is expected to reach the U.S. shores this month. South Korea and United Kingdom were the first markets to receive the device.
China's top search engine Baidu Inc is on the lookout for potential acquisitions and investment opportunities in the mobile and cloud computing spaces, its chief financial officer said on Friday.
Garmin Ltd is looking to challenge rival TomTom's leading position in the European market for portable navigation devices though its acquisition of Germany-based Navigon, its executive said on Friday.
A U.S. regulator will soon file lawsuits against major banks accusing them of bundling subprime home loans into bonds that never should have been sold to investors and causing mortgage giants Fannie Mae and Freddie Mac to lose billions, according to a source familiar with the matter.
U.S. employment growth ground to a halt in August as sagging confidence discouraged already skittish businesses from hiring, piling pressure on the Federal Reserve to provide more stimulus to aid the economy.
Wall Street stocks tumbled on Friday, with major indexes falling as much as 2 percent as data showed U.S. jobs growth flatlined in August, exacerbating worries the economy is faltering.
Stocks opened more than 1 percent lower on Friday after data showed U.S. employment growth ground to a halt in August, adding to worries about the health of the economy.
The recent brigade of 10.1-inch tablets had rendered the 7-inch form factor redundant until Samsung released a new 7.7-inch Galaxy Tab at the ongoing trade show IFA in Germany.
Talks between Greece and its international lenders on a new aid tranche were put on hold on Friday after disagreement over why Athens has fallen behind schedule in cutting its budget deficit and what it must do to catch up.
The great August stock selloff has been far from uniform. Some sectors are now pricing in a far bigger risk of recession than others, leaving islands of potential value for the brave.
