The International Monetary Fund could withhold the next slice of aid to Greece due next month, the head of euro zone finance ministers said on Thursday, spooking markets with the possibility of default.
Citigroup Inc on Thursday sought to dismiss an effort by Lehman Brothers to recover $1 billion in collateral that the investment bank was forced to post when it was teetering on bankruptcy in the fall of 2008.
Microsoft Corp's board stood behind Chief Executive Officer Steve Ballmer on Thursday, defending its longtime leader after influential hedge fund manager David Einhorn touched off a debate by calling for his dismissal.
The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed.
The evidence from China, for example, suggests that while higher rates certainly have the potential to dent gold demand, far more important drivers are inflation and growth. China's experience may not be typical, but it's certainly worth examining. China is the world's second biggest gold market after India.
U.S. stocks rose for a second day on Thursday in a choppy session, with technology and consumer discretionary stocks leading the way after upbeat earnings.
The more aggressively a bank lobbied before the financial crisis, the worse its loans performed during the economic downturn -- and the more bailout dollars it received, according to a study published by the National Bureau of Economic Research this week.
Goldman Sachs believes its clients are largely past the regulatory investigations and accusations that have surrounded the bank, according to an analyst who met its Chief Financial Officer.
Shares of Microsoft Corp climbed as much as 2.3 percent on Thursday after influential hedge fund manager David Einhorn caused a stir on Wall Street by calling on Chief Executive Officer Steve Ballmer to step down.
The London Stock Exchange dismissed the threat of a higher hostile counter offer for Canadian peer TMX Group from local banking consortium Maple Group as incomplete and unlikely to pass muster.
Stocks rose for a second day, erasing early losses in a volatile day on Thursday as earnings helped technology and consumer discretionary stocks after a substantial fall for equities this month.
Rising inflation, higher commodity prices and lower global economic growth will weigh on margins of S&P 500 <.SPX> companies, said Goldman Sachs, as it forecast a lower 2012 earnings outlook, and reduced its year-end target on the index.
The International Monetary Fund may withhold the next slice of aid to Greece due next month, the head of euro zone finance ministers said on Thursday, spooking markets with the possibility of default.
A senior U.S. banking regulator urged Congress to raise the federal debt ceiling to prevent a calamitous government debt default.
Stocks extended their gains on Thursday, with the Dow turning positive and the Nasdaq hitting a session high despite some discouraging data earlier.
Nasdaq OMX Group's <NDAQ.O> failed bid for long-time rival NYSE Euronext <NYX.N> was a brief interlude for management and a disappointment, and now the exchange is moving on, its chief executive said on Thursday.
Corporate profits in the U.S. unexpectedly contracted in the first quarter to record their first decline in more than two years and the economy grew at the same pedestrian pace as previously estimated, a government report showed on Thursday.
UBS is planning to relocate its investment bank outside Switzerland, the Wall Street Journal said, to side-step tough new local bank regulations and better deploy its capital.
Stocks fell on Thursday following a rise in weekly jobless claims that added to concerns about an impending economic slowdown, while Goldman Sachs lowered its forecast for the S&P 500 index.
New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.
Stocks were little changed on Thursday following a rise in weekly jobless claims that analysts said had been priced into shares.
Alexandra had made a decision to change career paths from the corporate world to higher education but was faced with the challenge of creating a résumé that would effectively market her to her target audience. She had not updated her résumé in 10+ years and had not worked in academics in 12 years. Alexandra came to me, not knowing where to start with her résumé, and asked me to translate her skills from the corporate world to higher education.
Silver Prices handed back most of Wednesday's gains, dropping 6% inside three hours before hovering around $37 per ounce.
Chinese gold demand could rise over 22 percent in the next three years and sharply outpace domestic production, the head of the country's largest state-owned gold miner China National Gold Group said on Thursday, signalling room for a strong ramp up in imports.
Corporate profits contracted in the first quarter for the first time in more than two years and the economy grew at the same pedestrian pace as previously estimated, government data showed on Thursday.
Stock index futures pointed to a flat open on Thursday as the economy grew less than expected in the first quarter, adding evidence that global demand is slowing and underscoring recent equity weakness.
The Alipay system affiliated with Jack Ma's Alibaba Group has received a license from China's central bank to operate an electronic payment system in the country, the company said on Thursday.
New claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.
Chief Executive Josef Ackermann struggled to make himself heard as protestors outside and shareholders inside vented their anger over Deutsche Bank's leadership vacuum, legal issues and business practices.
The London Stock Exchange faced an increasingly bitter battle for control of Canadian peer TMX Group -- and its own destiny -- after rival bidder Maple Group took its higher offer directly to shareholders.
