Positive news from Ireland is prompting a growing number of investors to look at the troubled euro zone economy, said billionaire Wilbur Ross, who this week invested 300 million euros in its largest lender.
Cash-strapped states seeking to collect billions in taxes from online transactions gained an ally in Washington on Friday when a senator introduced a bill for a federal solution to the problem.
He is the author of "The buck stops here." And: "If you can't stand the heat, get out of the kitchen!" And: "If you want a friend in Washington, get a dog." Sounds like the perfect person to solve the U.S.'s seemingly intractable debt deal crisis.
The crisis over raising the debt ceiling may have been manufactured by politicians, as many on Wall Street charge, but its effect on consumers and the broader economy is likely to prove very real.
Lehman Brothers Holdings Inc will appeal a court order upholding the rushed sale of its North American business to Barclays PLC nearly three years ago, a deal Lehman said afforded Barclays an $11 billion windfall.
Ford Motor Co's labor chief said the U.S. automaker hopes to avoid a strike in its talks for a new labor deal with the United Auto Workers union, which officially began on Friday.
Yahoo Inc got short-changed -- that's the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay.
The debt negotiations are getting down to the wire. Republican and Democratic lawmakers are scrambling to broker a deal to raise the country's $14.3 trillion debt ceiling before Tuesday, when the Treasury will no longer be able to borrow funds to meet all of its obligations. It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit r...
Yahoo Inc got short-changed -- that's the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay.
Stocks are likely to face more selling pressure next week as the Tuesday deadline draws near for raising the U.S. debt ceiling and Washington remains paralyzed by political brinkmanship.
Americans took to the phone lines and the Internet on Friday after President Barack Obama urged them again to call lawmakers and weigh in on a war over raising the U.S. debt limit that has sharply divided Congress.
Hackers with the loose-knit group Anonymous said on Friday they had broken into the network of U.S. government contractor Mantech International Corp and posted some NATO-related correspondence online.
The government prepared Wall Street firms on Friday for the possibility it may have to delay or cancel a major round of bond sales if Congress doesn't raise the nation's borrowing limit by August 2.
Nerves are frayed on Wall Street as the threat of a U.S. debt default looms ever larger, and many investors are choosing to wait for calmer waters. But not all of them.
Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.
A U.S. appeals court will not reconsider rulings that chip designer Rambus Inc was wrong to shred hundreds of boxes of documents relevant in two patent infringement lawsuits, according to court records.
Mortgage insurer Genworth Financial is taking steps to possibly split up the company, said its Chief Executive Michael Fraizer on a post-earnings conference call, sending its shares up 6 percent on Friday afternoon.
Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the government loses its ability to borrow money.
Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the U.S. government loses its ability to borrow money.
The United States is courting calamity with the continuing stalemate in Congress over raising the country's debt limit, the World Bank's chief warned on Friday.
Christine Lagarde, managing director of the International Monetary Fund, said the dollar may weaken if the U.S. Congress fails to raise the U.S. debt ceiling.
UBS AG has hired former Bank of America Corp banker Mike Stewart as co-head of global equities and head of securities in the Americas, according to an internal memo on Friday.
Bank of America Corp was sued by 15 former Countrywide Financial Corp institutional investors who said they lost money after being misled about the mortgage lender's financial condition and lending practices.
The store's sign indicated furniture for sale but the transactions hardly involved the stuff of residential decor: in New York City, 11 people have been arrested for allegedly being part of a drug ring that sold marijuana out of a furniture store.
Ireland's insistence that it is different from Greece and the rest of the euro zone periphery appears finally to be striking a chord among investors.
The economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a stand-off over the nation's debt does not end quickly.
Stocks slid back into the red on Friday after remarks from a prominent Senate Democrat gave investors another reason to back away from stocks heading into a weekend full of uncertainty over default.
Alibaba Group stands to get up to $6 billion in a spin-off of its Alipay e-payment division under a long-awaited deal the Chinese company struck with partners Softbank Corp and Yahoo Inc.
The U.S. economy grew less than expected in the second quarter as consumer spending barely rose amid higher gasoline prices, and growth braked sharply in the prior quarter, a government report showed on Friday.
China's Alibaba Group said it has reached an agreement with Softbank Corp and Yahoo Inc that promises Alibaba could receive up to $6 billion from an initial public offering or liquidation of its e-payment unit, Alipay.
