IBM Buying Spree Shows Appetite for Foreign Tech Players
IBM, the No. 2 computer services company, has snapped up technology players in Canada and the UK -- demonstrating an appetite for new technologies but also for tax advantages.
NY regulator reaches mortgage pact with Goldman
A New York state banking regulator said on Thursday that it had reached a pact with Goldman Sachs Group Inc on foreclosure processes that will allow the planned sale of its Litton Loan Servicing LP to continue.
Wall St set for flat open after data
Wall Street was set to open little changed on Thursday after data showed weekly jobless claims declined while nonfarm productivity was weaker than previously thought in the second quarter.
Romney Realizes He Has Competition, But is it Too Late?
Almost from the start, former Massachusetts Gov. Mitt Romney has enjoyed a relatively comfortable lead over his competitors in the GOP presidential race, but it was only a matter of time until someone usurped his title as No. 1. The time has finally come -- and it has come in the form of Texas Gov. Rick Perry.
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Harmony Gold Gets OK from SA Mining Union of 2-Yr Deal
South Africa's National Union of Mineworkers (NUM) said on Thursday it had reached a two-year wage deal with ALS, a contractor working at Harmony Gold's Kalgold mine.
Barclays Becoming Trading Member of Shanghai Gold Exchange
The Shanghai branch of British bank Barclays has won approval to become a trading member of the Shanghai Gold Exchange, the seventh foreign financial institute to obtain such membership, said the exchange on its Web site.
Worldwide factories falter as orders fade
Factory activity worldwide stalled last month as new orders tumbled, heightening fears that the global economy may be heading for another recession and driving stock markets lower.
Goldman, two firms agree to end robo-signing: report
Goldman Sachs and two other firms have agreed with the New York banking regulator to end the practice known as robo-signing, in which bank employees signed foreclosure documents without reviewing case files as required by law, the Wall Street Journal said.
Factories falter as orders fade away
Factory activity worldwide stalled last month as new orders tumbled, a series of surveys showed on Thursday, heightening fears that the global economy may be heading for another recession.
Gold Rises in European Trading
Gold prices recovered some early losses on Thursday after European stock markets fell, snapping a three-day rally, and as investors weighed up the prospect of a fresh round of quantitative easing from the U.S. Federal Reserve.
Endeavour Mining Buy of Adamus Resources Done by November
Australia's Adamus Resources said on Thursday it expects a friendly takeover by Canada's Endeavour Mining Corp to be completed in early November, creating a West Africa-focused company producing a quarter million ounces of gold annually by 2013.
Golden Predator Boosts Holdings in Yukon
Golden Predator Corp. acquired the Livingstone district in the Canada's Yukon, raising its land holdings in the region by about 43 percent.
Stocks, Gold Rise in Asian Trading
Asian stocks rose on Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism central banks around the world will have to do more to support industrial activity.
TD Bank profit jumps 23 percent, raises dividend
Toronto-Dominion Bank reported a stronger-than-expected profit due to higher loan volumes, and the bank raised its dividend.
BNY Mellon CEO Kelly steps down
Bank of New York Mellon's Chief Executive Robert Kelly stepped down in a surprise move, because of what the company said was differences in approach to managing the company.
U.S. has enormous debt problem: ECB's Stark
A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances.
World stocks slide on poor Europe data
Financial markets kicked off September in a grim mood on Thursday with poor European economic data prompting a regional sell off that ended a four-day winning streak.
Stock futures fall ahead of key macro data
Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.1 to 0.4 percent.
U.S. moves to block AT&T's purchase of T-Mobile
The U.S. government on Wednesday sued to block AT&T Inc's $39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices.
World stocks fall as Europe data looks weak
Financial markets kicked off September in a cautious mood on Thursday with European stocks lower and world equities struggling to keep up what would be a five-day winning streak.
Asia's factories quieter as exports slip
Slumping export demand slowed factory activity in some of Asia's biggest economies in August, although China fared better thanks to solid domestic growth, a series of surveys released on Thursday showed.
Hedge fund Diamondback to pay $1 million to settle insider case
Hedge fund Diamondback Capital Management, which had been embroiled in the government's insider trading case, has agreed to pay back roughly $1 million to settle an insider trading case, according to a court filing released on Wednesday.
China to restructure sovereign fund: report
Beijing plans to restructure its $300 billion sovereign wealth fund, China Investment Corporation , by spinning off its domestic investment arm, among other changes, a Chinese newspaper reported on Thursday, without citing sources.
Analysis: Lagarde shows independence from Europe as IMF chief
New IMF chief Christine Lagarde's call to recapitalize European banks by force struck a nerve among the continent's Europe's policymakers and showed she is not afraid to challenge her former peers as many feared she might be.
AT&T,T-Mobile left in dark about antitrust lawsuit
AT&T CEO Randall Stephenson appeared on cable television early on Wednesday to tout his $39 billion deal to buy T-Mobile USA and how it could bring back 5,000 jobs to the United States from overseas once done.
Insight: The Bond King, The Pretender, and a job offer
The rivalry between two of the biggest names in the multi-trillion dollar global bond market, Bill Gross and Jeffrey Gundlach, has gotten more than just personal - after one appears to have claimed he was asked to take the other's job.
China August official PMI up, export orders dip
China's factory activity rebounded a touch in August from a 28-month trough, but tight monetary policy at home and torpid demand abroad has dimmed chances for a sustained recovery.
IMF sees 200 billion euro capital gap at European banks
The International Monetary Fund has estimated European banks could face a capital shortfall of 200 billion euros ($287 billion), a European source said on Wednesday.
Groupon targets zero spending on new subscribers
Groupon spends millions of dollars enticing new subscribers, but the largest daily deal company wants to slash that cost to zero in less than three years, a big part of its quest for profitability, according to two people familiar with the company.
BNY Mellon CEO Robert Kelly steps down
Bank of New York Mellon Corp said Robert Kelly, who has held the company's top job since 2008, has stepped down as chairman and chief executive officer, following differences in approach to managing the company.
Wall Street ends worst month in year on upbeat note
Stocks closed out the worst month in more than a year on an up note on Wednesday, with sharp gains in the last several days still not enough to repair the damage from a U.S. credit downgrade and fears of a slide back into recession.
How to play it: Battle of bond kings: Gundlach vs. Gross
Forget for a moment who deserves to be crowned the bond king. For the past year and more, Jeffrey Gundlach has beaten the pants off Bill Gross.
Recession fears ease on factory, hiring data
Factory activity in the U.S. Midwest slowed just a bit in August and private employers continued to hire despite extreme financial market turmoil, easing fears the economy would fall back into recession.
Insurers escape Irene's wrath, economy does not
Hurricane Irene may heap billions of dollars of extra costs on the already fragile U.S. economy, but insurance companies are likely to emerge relatively unscathed.
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