The much-debated proposal to delay implementation of the Durbin amendment cap on debit-card interchange fees failed in the U.S. Senate on June 8 despite a 54-45 vote in its favor.
Stocks fell on Friday, a day after ending a six-day losing streak as weaker trade data from China, the scrapping of a large IPO and ongoing disputes about a second Greece bailout weighed on sentiment.
Major U.S. banks came under growing pressure from banking regulators to improve the security of customer accounts after Citigroup Inc became the latest high-profile victim of a cyber attack.
South Africa's Trevor Manuel ruled himself out of the race for the IMF's top job on Friday, making French finance minister Christine Lagarde an even firmer favorite although the threat of a judicial inquiry remains.
Disappointing trade data from China and the scrapping of a large IPO fed into fears about market volatility and the economy on Friday, with U.S. stocks set to fall a day after rebounding from a six-day losing streak.
China posted a smaller-than-expected trade surplus in May of $13.1 billion because of soaring imports and weaker global demand growth, giving mixed signals about how the economy fared when some of its best export customers faltered.
Disappointing trade data from China and the scrapping of a large IPO fed into fears about market volatility and the economy on Friday, sending futures lower a day after stocks bounced from a six-day losing streak.
The rising popularity of HTML5 and the declining dominance of Flash will spell tougher times ahead for Creative Suite (CS) Adobe Systems Inc. (NASDAQ:ADBE).
French finance minister Christine Lagarde, favorite to take the IMF's top job, could face a late challenge after a report that South Africa's Trevor Manuel could enter the race as the window for bids closes.
NEW YORK Stock index futures pointed to a lower start for Wall Street, with futures for the S&P 500 down 0.1 percent, Dow Jones industrial average futures down 0.2 percent and Nasdaq futures down 0.2 percent by 5 a.m..
Nokia said it was still in talks with multiple parties about its stake in Nokia Siemens Networks, after a report that U.S. private equity firms had backed away from bidding for a majority stake.
Simon Murray, adventurer and outspoken chairman of commodity trader Glencore , is back in the spotlight, this time over his role as a director of Sino-Forest , whose shares have been hit by accusations of fraud.
Ally Financial, an auto and mortgage lender majority owned by the U.S. government, is delaying a $6 billion IPO due to bad market conditions, two sources familiar with the situation told Reuters.
The appointment of French finance minister Christine Lagarde as head of the International Monetary Fund is a done deal, rival Grigori Marchenko was quoted as saying on Friday.
Ally Financial, the auto and mortgage lender majority-owned by the U.S. government, is delaying its initial public offering due to bad market conditions, two sources familiar with the situation told Reuters.
Morgan Stanley and its China partner Huaxin Securities launched their joint venture on Friday, joining several other rivals looking to cash in on the country's booming investment banking business.
Microsoft Corp suffered a defeat on Thursday when the Supreme Court upheld a record $290 million jury verdict against the software giant for infringing a small Canadian company's patent.
Nintendo President Satoru Iwata said he was surprised at the tumble in the company's share price following the unveiling of a successor to its smash hit Wii games console, adding that the new gadget had to be played to be understood.
Creditors of Lehman Brothers Holdings Inc , including units of Bank of America Corp and Barclays PLC , are blasting attempts by Lehman bondholders to force them to reveal details about their claims against the failed bank.
An investor group including Activision Blizzard Chief Executive Officer Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to three people familiar with the matter.
German members of parliament late on Thursday agreed a joint motion for a resolution demanding the fair participation of private creditors in future aid to Greece, several participants said.
Google Inc has bought online advertising technology company AdMeld for $400 million, according to an influential technology blog.
Nintendo President Satoru Iwata said he was surprised at the tumble in the company's share price following the unveiling of a successor to its smash hit Wii games console, adding that the new gadget had to be played to be understood.
Greece's economy shrank far more than expected at the start of 2011, signaling a second wave of austerity measures prescribed by the EU and IMF will pile even more pain on a fractious society.
Contrary to popular belief, bond manager Bill Gross' bet against the United States has not been in the U.S. Treasury market but in interest-rate swaps, according to PIMCO's website on Thursday.
UBS AG is looking at least four potential sites in Manhattan as it considers relocating its North American investment banking headquarters into the heart of New York City from suburban Connecticut, sources familiar with the bank's plans told Reuters.
Bill Gross, the manager of the world's largest bond fund, bulked up his stake in non-U.S. debt in May and persisted in his resistance toward Treasuries despite their rally on a torrent of weak economic data.
Official Turkish websites were attacked by Internet vigilante group Anonymous on Thursday as part of a protest against what it says is government Internet censorship.
Wall Street ended higher for the first time in over a week on Thursday, with the Dow and the S&P 500 rising 1 percent at one point, but many analysts saw the rebound as short-lived.
UBS AG is looking at least four potential sites in Manhattan as it considers relocating its North American investment banking headquarters into the heart of New York City from suburban Connecticut, sources familiar with the bank's plans told Reuters.
