FrontPoint Partners, a $4.5 billion hedge fund firm that became ensnared in a U.S. government insider trading probe last year, said it would shut down some of its portfolios.
Citigroup Inc has hired Trip Wolfe to head venture capital coverage for North America within the bank's technology, media and telecoms group, according to an internal memo obtained by Reuters on Thursday.
Oil fell sharply on Friday with U.S. light crude tumbling more than $2 toward $96 per barrel as the dollar rose and investors worried about the outlook for global growth and about the health of the euro zone.
Stocks fell on Friday as the euro zone's debt problems revived worries about the broader impact and the S&P 500 was below a key technical level.
Wall Street is poised for a lower open on Friday as stocks struggle to make headway despite technical resistance and investors worry about the impact of handling euro-zone debt problems.
Gold Prices broke back above $1500 on Friday morning, only to fall back to $1488 per ounce in early New York trading.
Oil steadied on Friday with U.S. light crude below $99 per barrel, as the dollar rose and investors worried about the outlook for global economic growth.
Stock index futures fell on Friday as Wall Street faced technical resistance after shares rose two days in a row.
Stock index futures fell on Friday as Wall Street faced technical resistance after shares rose two days in a row.
U.S. stock index futures fell on Friday as Wall Street faced technical resistance after shares rose two days in a row.
Tokyo Electric Power Co reported a $15 billion net loss on Friday to account for the disaster at its Fukushima nuclear plant, marking the biggest loss in Japan by a non-financial company and prompting the firm to warn its future was uncertain.
MOEX, a unit of Japanese trading house Mitsui & Co , and partner in BP Plc's doomed Macondo well has agreed to pay the UK oil major $1.1 billion toward the cost of the Gulf of Mexico oil spill.
Stock index futures pointed to a flat opening on Wall Street on Friday, with futures for the S&P 500 up 0.03 percent, Dow Jones futures up 0.02 percent and Nasdaq 100 futures down 0.01 percent at 4 a.m. EDT.
The New York Stock Exchange is working with China to launch the country's international board that will allow foreign firms to list on the mainland, in a move seen as a crucial step in developing its capital markets.
The Bank of Japan kept monetary policy steady on Friday in a sign that a first-quarter economic slump failed to undermine the central bank's confidence growth will pick up around autumn when the wounds from the devastating earthquake begin to heal.
World stocks rose on Friday, supported by a weaker dollar as investors took the view after weak U.S. economic data this week that the Federal Reserve will be slow to raise interest rates.
Shares of LinkedIn soared as high as $122 on its first day of trading on New York Stock Exchange, bringing back memories of tech bubble in late 1990s when investors lapped up internet firms.
Europe's Central Bank wants Greece to drop debt reprofiling ideas and focus on economic reforms to fix its finances, its former vice president Lucas Papademos told Athens, daily Ta Nea reported on Friday.
The increased use of the Chinese yuan in trade and investment settlement will pave the way for the currency to become fully convertible, although the process will be gradual, central bank governor Zhou Xiaochuan said on Friday, without offering any time frame.
The dollar looked set to post its first weekly loss in three weeks as investors increased bets on risky assets like equities on expectations the United States would take a long time to raise interest rates after weak economic data this week.
The dollar struggled to regain ground on Friday as tepid U.S. economic data prompted investors to favor higher yielding currencies like the euro while a sluggish Wall Street session weighed on stocks.
The Bank of Japan kept monetary policy steady on Friday in a sign that a first-quarter economic slump did not change the central bank's view that growth will pick up late this year when the wounds from the devastating earthquake begin to heal.
LinkedIn Corp's shares more than doubled in their public trading debut on Thursday, evoking memories of the investor love affair with Internet stocks during the dot-com boom of the late 1990s.
Weak data on U.S. home sales and factory activity showed an economy stuck in low gear although a drop in claims for jobless aid offered hope the labor market's recovery was on track.
Chrysler Group LLC detailed terms of a bond offering and term loan on Thursday that will be used to repay high-cost government loans and put the U.S. automaker on firmer financial ground.
McDonald's Corp spurned calls to assess the impact of its food on childhood obesity, and said its trademark clown Ronald McDonald would be hawking Happy Meals to kids for years to come.
U.S. stocks edged higher on Thursday, with LinkedIn one of the few standouts in an otherwise lackluster session as its shares doubled in their trading debut.
Bank of America Corp is selling its remaining BlackRock Inc stake back to BlackRock for $2.5 billion, its latest step to prepare for new industry capital requirements.
The delinquency rate for U.S. mortgages payments significantly overdue fell sharply in the first quarter, reaching the lowest level since early 2009, an industry group showed on Thursday.
The U.S. labor market is improving, but not at a fast enough pace to require the Federal Reserve to reverse its super-easy money any time soon, two top Fed officials said on Thursday.
