The broadening euro zone recovery means the need for economic or monetary stimulus is fading, European Central Bank policymaker Juergen Stark said on Wednesday, adding there needs to be a realization that a euro zone bail out is forbidden.
Asia shares rose from a six-week low Wednesday, led by consumer stocks, but disappointing U.S. data have made some investors reluctant to follow commodity prices higher, containing a bounce in risky assets from currencies to oil.
Wal-Mart Stores Inc's U.S. same-store sales have fallen for two straight years, as customers struggle with high unemployment and wages that are not keeping up with rising prices for food and other basics.
LinkedIn said it expects to raise 30 percent more than it had forecast in its initial public offering, in a sign of the strength of investor appetite for social networking companies.
JPMorgan Chase & Co Chief Executive Jamie Dimon faced harsh questions about mortgage foreclosures at the bank's annual meeting, and he promised the company would fix what it could.
Alarmingly frequent bubbles and busts in copper, wheat, crude oil, silver and pretty much all other natural resources might now be the collateral damage of QE
Dell Inc posted profits that blew past Wall Street forecasts on improved profitability and the No. 2 PC maker raised its fiscal 2012 outlook for operating income, citing expectations for a robust back-to-school season and strong government spending.
U.S. factory output slipped for the first time in 10 months in April as a shortage of parts from Japan crimped activity and home building slumped, showing the economy got off to a weak start in the second quarter.
Revenues at the world's biggest investment banks fell 5 percent to $52 billion in the first quarter of 2011, hit by Middle Eastern unrest, natural disasters, volatile commodities and economic uncertainty, a consultancy said in a report on the industry.
The Dow and the S&P 500 fell for a third day on Tuesday after disappointing figures from Wal-Mart and Hewlett-Packard, although a late rebound suggested investors may be looking for a short-term bounce.
Stocks fell on Tuesday, as a disappointing outlook from Hewlett-Packard Co and another batch of soft U.S. data added to growing trepidation about the economy's strength.
The U.S. manufacturing and services sectors will continue to grow this year as revenues rise, but prices for materials are seen climbing further, according to an industry forecast released on Tuesday.
The New York attorney general's office has requested information from three major U.S. banks about their mortgage operations, according to a source familiar with the matter.
The New York attorney general's office has requested information from three major banks about their mortgage operations, according to a source familiar with the matter.
UK competition authorities are to probe the stranglehold of the world's biggest accountancy firms on British blue-chip company audits after finding evidence of anti-competitive behavior.
Stocks fell on Tuesday, as a disappointing outlook from Hewlett-Packard Co and another batch of soft U.S. data added to growing trepidation about the strength of the economy.
Housing starts and permits for future home construction fell in April as an overhang of homes on the market discouraged builders from taking on new projects, pointing to prolonged weakness in the housing sector.
LinkedIn Corp, a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.
Housing starts and permits for future home construction fell in April as an overhang of homes on the market discourages builders from taking on new projects, pointing to prolonged weakness in the housing sector.
JPMorgan Chase & Co Chief Executive Jamie Dimon said the U.S. economic recovery may be gathering steam.
U.S. stocks fell on Tuesday, with the Dow dropping more than 1 percent as a disappointing outlook from Hewlett-Packard Co and weak U.S. data added to growing doubts on the strength of the economy.
New York Attorney General Eric Schneiderman is investigating big banks like Bank of America Corp , Morgan Stanley and Goldman Sachs related to packaging of toxic mortgage loans into securities, the Wall Street Journal reported, citing sources.
Housing starts and building permits fell in April and factory output slumped as an automobile parts shortage crimped production, showing the economy got off to a weak start in the second quarter.
The S&P 500 and Dow index futures rose slightly on Tuesday, but gains were capped after disappointing results from Hewlett-Packard.
Glencore is likely to price its record initial public offering at or above 530p ($8.60), sources close to the matter said, valuing the world's largest commodities trader at a minimum of 36.5 billion pounds ($59 billion).
Housing starts and building permits fell in April and factory output slumped as automobile part shortage crimped production, showing the economy off to a weak start in the second quarter.
Social networking company LinkedIn Corp raised the expected price range of its initial public offering by 30 percent on Tuesday, a sign that investors remain eager to bet on social networking companies.
LinkedIn Corp sees its initial public offering being priced about 30 percent higher than previously expected, as investors clamor to get a bite of the social networking pie.
U.S. stocks fell on Tuesday, with the S&P 500 and the Nasdaq falling below their 50-day moving average, as a negative outlook from Hewlett-Packard Co and weak U.S. economic data raised jitters about the state of the recovery.
LinkedIn Corp, which runs a social network for professionals, said the pricing of its initial public offering was increased by 30 percent, as investors clamour to ride the social networking wave.
