Wilmington Trust Co on Friday sued three former bankers who defected to Citigroup Inc's private bank, claiming they took trade secrets and are using the information to attract clients.
Most leading economists do not expect the U.S. Federal Reserve to increase interest rates this year, despite forecasts of rising inflation and after further evidence of a recovering jobs market, a Reuters poll found on Friday.
Compensation packages for the chief executives of bailed-out firms American International Group
, Ally Financial and General Motors will not increase in 2011, the Treasury Department said late on Friday.Goldman Sachs Inc awarded Chairman and Chief Executive Lloyd Blankfein a $5.4 million bonus for 2010, despite a decline in the company's share price and profit.
Personal information about some JPMorgan Chase & Co and Kroger Co customers was exposed as part of a data breach at a large online marketing vendor.
The resignation of a key lieutenant this week could damage the credit quality of Warren Buffett's Berkshire Hathaway , Moody's Investors Service said on Friday.
An ambitious plan to prevent Fail Whales, the cartoon icon that greets frustrated Twitter users during network outages, turned into a fail whale of its own.
(Corrects 14th paragraph to say to Sacramento instead of from Sacramento)
One of the Federal Reserve's most powerful policy makers pushed back against an increasingly hawkish tone from other Fed officials worried about inflation, saying he saw no need for the U.S. central bank to reverse course.
The richest 25 hedge fund managers made a bit less money last year.
Satellite television company Dish Network Corp and billionaire investor Carl Icahn have submitted bids for bankrupt movie rental chain Blockbuster Inc , the Wall Street Journal reported, citing people familiar with the matter.
U.S. stocks started a traditionally healthy month on strong footing on Friday after solid jobs figures, but the S&P 500 may need help to break to new multi-year highs.
U.S. stocks started a traditionally healthy month on strong footing on Friday with solid jobs figures, but the S&P 500 may need help to break to new multi-year highs.
U.S. employment grew firmly for a second straight month in March and the jobless rate hit a two-year low of 8.8 percent, underscoring a decisive shift in the labor market that should help to underpin the recovery.
Private equity firm TPG Capital is selling a 4.5 percent stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp, a source familiar with the situation said on Friday.
Credit rating agency Fitch downgraded Portugal on Friday saying the debt-laden country needed a bailout, while rival agency S&P cut Ireland's rating after bank stress tests revealed another black hole.
An Internet privacy group that prodded U.S. regulators to scrutinize Google Inc is miffed about getting cut out of a class action settlement over the search behemoth's Buzz social network.
Corrects paragraph to say $4.9 billion, instead of million
Private equity firm TPG Capital has agreed to sell a minority stake in itself to two sovereign wealth funds, the Kuwait Investment Authority and the Government of Singapore Investment Corp, a source familiar with the situation said on Friday.
U.S. stocks climbed on Friday after solid data on the labor market strengthened confidence in the recovery and comments from a Federal Reserve Bank president signaled support for economic stimulus efforts.
It would be a surprise if the U.S. Federal Reserve did not complete its $600 billion in bond purchases, though the benefits of doing more have fallen, a top Fed official said on Friday.
Employment grew solidly for a second month in March and the jobless rate hit a two-year low of 8.8 percent, underscoring a decisive shift in the labor market that should help to underpin the recovery.
The U.S. economy may add jobs more rapidly in coming months as the recovery gathers steam, but that is not a reason for the Federal Reserve to reverse course, a top Fed official said on Friday.
The U.S. manufacturing sector grew at a marginally slower pace in March although a measure of prices rose to their highest level since July 2008, according to an industry report released on Friday.
Raising interest rates by the end of 2011 should be on the table, depending on how the economy improves over the next few months, Philadelphia Federal Reserve Bank President Charles Plosser said on Friday.
The European Union filed an appeal against an aircraft subsidies ruling on Friday just hours after calling it a victory, a tactical move in a transatlantic game of global trade chess.
The U.S. labor market is finally luring back some discouraged workers. They may find the most help wanted signs at bars, restaurants and doctor's offices.
Nasdaq OMX and IntercontinentalExchange bid $11.3 billion for NYSE Euronext in a politically charged effort to trump Deutsche Boerse's friendly deal to acquire the New York Stock Exchange.
Nasdaq OMX and IntercontinentalExchange have launched a rival bid to buy NYSE Euronext for about $11.3 billion in cash and shares.
Standard & Poor's cut Ireland's debt rating by just one notch and gave the thumbs-up to its bank bill on Friday but rival Fitch's warning of another downgrade and a big drop in growth expectations spelled trouble ahead.
