Nasdaq OMX Group Inc confirmed on Friday it made a bid for a minority stake in Europe's LCH.Clearnet, according to media reports, as the U.S.-based exchange attempts to secure a piece of the lucrative clearing business.
The world's biggest banks face a capital surcharge of up to three percent in a bid to keep taxpayers off the hook next time a lender gets into difficulty, Bundesbank and industry officials said on Friday.
Stocks jumped at the open on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up.
U.S. regulators could file civil fraud charges against some credit rating agencies, and settle with more Wall Street banks, for their role in developing mortgage-bond deals that helped trigger the financial crisis, the Wall Street Journal reported, citing people familiar with the matter.
Stock index futures rose on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis, which has hampered equities and worried investors over a possible credit dry-up.
Research In Motion saw a challenging first quarter and the same troubles - hardware gap, BB7 delays, competitive headwinds, average selling price pressure - are weighing on its second quarter too.
Private equity firm Leonard Green & Partners said it has teamed up with CVC Capital Partners to submit a proposal to buy BJ's Wholesale Club Inc , the latest in a flurry of deal activity in discount retail.
Stock index futures pointed to a rise of nearly 1 percent at the market open on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up.
Mexican Central Bank Governor Agustin Carstens, a contender to head the International Monetary Fund, said on Friday that it would be premature for him to comment on whether he earned Japan's support for his bid to become head of the fund.
Xunlei Ltd, a Chinese Internet platform company in which Google Inc has a small stake, decided to postpone its initial public offering of up to $200 million in the United States because of unfavorable market conditions, IFR reported on Friday, quoting a source with knowledge of the decision.
Stock index futures rose sharply on Friday after French President Nicolas Sarkozy hinted at a deal to resolve the Greek debt crisis that has hampered equities and worried investors over a possible credit dry-up.
Greek Prime Minister George Papandreou sacrificed his unpopular finance minister on Friday and put his main socialist party rival into the job in a bid to force through an austerity plan to avert bankruptcy.
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.27 percent, Dow Jones futures down 0.15 percent and Nasdaq 100 futures up 0.23 percent at 5:50 a.m..
A recent report from comScore showed that Facebook had reached its all-time high in audience size in the US in May, in contrast to other reports which said the social networking site lost a significant number of users in the month.
Capital One Financial Corp plans to buy ING Groep NV's U.S. online bank for $9 billion in cash and stock, freeing the Dutch bank to repay bailout funds and sever its state ties.
Xunlei Ltd, a Chinese Internet platform company in which Google has a small stake, decided to postpone its initial public offering of up to $200 million in the United States because of unfavorable market conditions, IFR reported on Friday, quoting a source with knowledge of the decision.
Greek Prime Minister George Papandreou appointed a new finance minister Friday in a reshuffle to muster support for harsh economic reforms that have stoked violent unrest and split his ruling party.
Latin America is getting the upper hand on inflation that once ravaged the region but central banks in some of Asia's heavyweight economies are having a tougher time.
When natural gas prices dropped by 8 percent in a matter of seconds in the early hours of Asian trade last week, one New York-based hedge fund manager said he didn't have to think twice.
Bank of America Corp still doesn't know exactly what damaging documents Wikileaks could have about it, the largest U.S. bank's chief information officer said on Thursday.
Connecticut's Attorney General is concerned over Facebook's use of facial recognition technology to identify users and has requested a meeting with Facebook officials to discuss ways to alleviate those concerns.
A breed of cyber pranksters known as hacktivists appears to be on a campaign to embarrass the U.S. government, but such types of attack are unlikely to breach the computer firewalls that protect important official secrets, independent analysts say.
Computer hacks that cause more mischief than money losses are often prosecuted by U.S. authorities, but long prison sentences are rare.
Citigroup's attempts to sell its CitiFinancial unit have hit a stumbling block as potential bidders remain uncertain about the unit's funding as a standalone business, the Financial Times reported, citing people familiar with the matter.
Oracle Corp is seeking damages in the billions of dollars from Google Inc in a patent lawsuit over the smartphone market, according to a court filing.
Lehman Brothers Holdings Inc is increasing to $65 billion its estimated payback for creditors, a company spokeswoman said on Thursday.
Greek Prime Minister George Papandreou, assailed by violent demonstrations and political defections, fought on Thursday to form a cabinet that would back painful measures to avoid defaulting on the national debt.
Citigroup Inc said a cyber attack in May affected almost twice as many accounts as the bank's figures had initially suggested, as major U.S. lenders come under growing pressure from lawmakers to improve account security.
Chinese telecoms equipment manufacturer Huawei Technologies on Thursday rejected a U.S. government official's suggestion that its rapid growth was due to Chinese government financial aid.
Stocks rose in volatile trading on Thursday, thanks only to technical factors and options expirations. But raging uncertainty about Greece prevented investors from committing money to the market.
