Senior executives at Morgan Stanley expressed impatience with the profitability of the company's retail brokerage business on Thursday, despite reporting progress in the unit's joint venture with Citigroup's Smith Barney.
The Dow fell on Friday after disappointing results from Caterpillar and Microsoft, reversing optimism after a strong week of earnings.
A U.S. appeals court has rejected a new Securities and Exchange Commission rule designed to make it easier for shareholders to nominate directors to corporate boards.
General Electric Co notched a better-than-expected 21.6 percent rise in earnings, helped by strong demand for jet engines as well as equipment used in oil and natural gas production.
Stock index futures were little changed on Friday as Caterpillar's profit missed estimates, offsetting a strong report from GE and an agreement on a Greece rescue package.
Stock index futures were little changed on Friday as Caterpillar's profit missed estimates, offsetting a strong report from GE and an agreement on a Greece rescue package.
Uncertainty is proving a two-edged sword for CME Group Inc .
Stock index futures cut their gains and turned negative on Friday as Caterpillar Inc fell following its results.
Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi SA's Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd , people familiar with the situation said.
President Barack Obama, D-Ill. and Speaker John Boehner, R-Ohio moved closer toward a landmark debt deal late Thursday -- one that would avoid a U.S. default and implement major tax code changes, if approved. However, aides to both were lowering expectations, given the importance of the talks, so as to not jeopardize delicate negotiations within each caucus.
Stock index futures rose on Friday as an agreement in Europe for a Greece rescue package eased investor anxiety that fiscal instability would spread through the region.
Stock index futures pointed to a higher open on Wall Street on Friday, with futures for the S&P 500 up 0.24 percent, Dow Jones futures up 0.37 percent and Nasdaq 100 futures up 0.23 percent at 0927 GMT.
One of Sony Corp's insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year.
World stocks hit a two-week high on Friday and the euro and oil prices rose after European leaders agreed on a package to rescue Greece that hopes to prevent the region's debt crisis from deepening.
Asian stocks rose and the euro climbed to a two-week high on Friday after European leaders agreed on a package to rescue debt-stricken Greece and gains will be sustained if U.S. policymakers also manage to cobble together a last minute deal.
India is nearing the end of its credit tightening cycle, as 10 interest rate increases since March 2010 exact a toll on growth in a once-roaring economy, making Tuesday's expected rate rise potentially the last for the near future.
U.S. authorities indicted three Credit Suisse AG private bankers, one a senior executive, on Thursday, toughening their stance against the bank for allegedly helping wealthy Americans to evade taxes.
Thomson Reuters Corp said Markets division head Devin Wenig is leaving the company and that it is reorganizing the business, where growth has been somewhat slower than anticipated in the second quarter.
Borders Group Inc , won bankruptcy court approval on Thursday to liquidate its 40-year-old business, effectively spelling the end for the second-largest U.S. book retailer.
Treasury Secretary Timothy Geithner, while head of the New York Federal Reserve Bank, granted a waiver that allowed his eventual successor William Dudley to hold on to investments in firms getting emergency help.
Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi SA's Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd , people familiar with the situation said.
Morgan Stanley surprised investors on Thursday with second-quarter financial results that showed long-awaited progress in its effort to seize market share from large investment banking rivals.
After a brief hiatus and an FBI takedown of several alleged hacktivists, two groups that have claimed responsibility for a recent wave of cyber vandalism say they are back.
Factory activity in the Mid-Atlantic region rebounded in July, but stubbornly high new filings for jobless benefits suggested an expected pick-up in economic growth in the second half of 2011 would be modest.
If the economy does not show signs of sustainable improvement this quarter, the Federal Reserve should dig into its toolbox to find new ways to help it along, a top Fed official said on Thursday.
Quiznos is on the verge of defaulting, but that shouldn't come as much of a surprise.
Stocks advanced on Thursday led by banks after Morgan Stanley reported better-than-expected results and as details of a new Greece rescue plan emerged.
A humbled John Paulson told investors on Thursday he was too aggressive with some of the stock bets in his flagship funds and he is trimming back some of his riskiest holdings.
U.S. stocks advanced on Thursday led by banks after Morgan Stanley reported better-than-expected results and as details of a new Greece rescue plan emerged.
If the economy does not show signs of sustainable improvement this quarter, the Federal Reserve should dig into its toolbox to find new ways to help it along, a top Fed official said on Thursday.
