To the producers of the film Too Big To Fail, the story plays like a horror movie.
Defensive shares led a rebound in stocks on Thursday as investors weighed mixed economic signals and recent volatility in commodities as they searched for direction.
Dow Chemical Co shareholders overwhelmingly approved a $21.3 million pay package for Chief Executive Andrew Liveris at the annual meeting on Thursday.
Defensive shares led a rebound in stocks on Thursday as investors weighed mixed economic signals and recent volatility in commodities in search of direction.
Raj Rajaratnam could face huge criminal fines and penalties as part of his insider trading conviction, but the hedge fund founder could remain a rich man even if he is sent to prison for a long time.
Goldman Sachs Group Inc shares were down 3.2 percent on Thursday afternoon after two analysts downgraded the stock and press reports questioned whether a Senate investigation will threaten the bank's reputation.
Hedge fund managers may feel invincible in private, but in public some are talking about what will happen to their firms after they are gone.
The economy struggled to gain momentum early in the second quarter, with retail sales posting their smallest rise in nine months in April and wholesale prices increasing more than expected.
AT&T Inc has promised to give Deutsche Telekom $6 billion in assets, services and cash as a break-up fee if U.S. regulators reject its proposed $39 billion purchase of the German company's T-Mobile USA, according to sources familiar with the matter.
A broad crackdown on Wall Street is churning forward, even as regulators assured a Senate panel on Thursday they would seek more input on how to pick which financial institutions need stricter policing.
The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.
U.S. financial regulators, under pressure from a deeply divided Congress, pledged to follow through with a crackdown on Wall Street and the banking business, but to take enough time to get it right.
This correction is a harsh reality check for those of us (myself included) who purchased substantial amounts of metal at much higher levels. That said, it's time to put our game faces back on and think about this logically, now that a lot of the emotion has been sucked out of the market. The good news is that times like these create the best opportunities.
AT&T Inc has promised to give Deutsche Telekom $6 billion in assets, services and cash as a break-up fee if U.S. regulators reject its proposed $39 billion purchase of the German company's T-Mobile USA, according to sources familiar with the matter.
When the Federal Reserve finally decides to begin draining cash from a flush U.S. banking system, policymakers may find themselves armed with more tools than they know what to do with.
The U.S. economy struggled to gain momentum early in the second quarter, with retail sales posting their smallest rise in nine months in April and wholesale prices increasing more than expected.
A Senate panel on Thursday approved for the third time the nomination of Nobel laureate Peter Diamond to a seat on the Federal Reserve Board over the opposition of Republicans, setting up a tough fight to win approval in the full Senate.
Stocks advanced on Thursday in a volatile session, erasing early losses as a rebound in commodity prices kept the market churning higher.
American Express Co has formed a joint venture with the French luxury shopping site vente-privee.com, which will expand the lender's e-commerce business while opening the web site to American consumers.
The recent hacker attack at Sony Corp and other corporate data breaches are attracting more class-action lawyers eager to score a payday, though huge monetary settlements may be elusive.
Baidu Inc, China's top search engine, has been found guilty of copyright infringement and ordered to pay compensation to a popular literary website, the Shanghai Daily reported on Thursday.
The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.
John Lipsky, the number two official at the International Monetary Fund, said on Thursday he will step down from his post when his term expires at the end of August.
Private equity firm Apollo Global Management LLC's
first-quarter earnings rose fivefold from a year earlier as the value of its investments increased, in its first quarterly report since its March IPO.U.S. claims for unemployment aid fell sharply last week but slightly less than analysts expected after a surprisingly big rise the prior week, a government report showed on Thursday.
Sales at U.S. retailers posted their smallest gain in nine months in April as high food and gasoline prices drew spending away from other areas, but upward revisions to March's data suggested consumer spending in the first quarter might have been stronger than initially thought.
U.S. regulators should impose even higher capital requirements on large financial firms until they prove they can be wound down if they became insolvent, Federal Deposit Insurance Corp Chairman Sheila Bair said on Thursday.
China's Sina Corp plans to ramp up investment in its hot Twitter-like product, Weibo, for the rest of the year in order to fend off competition from Tencent Holdings and attract a wider user base.
Japan's largest drugmaker Takeda Pharmaceutical is in talks to buy privately held Swiss rival Nycomed for more than $12 billion to extend its global reach into Europe and emerging markets, according to sources with direct knowledge of the matter.
U.S. stocks recovered from initial declines on Thursday in a choppy session as commodity prices kept the market in flux while a downgrade of Goldman Sachs dragged down financial shares.
