Billionaire investor Warren Buffett said on Monday that he was looking at more acquisition targets after a $9 billion buy of specialty chemical maker Lubrizol by his Berkshire Hathaway last week.
Income for top investment banks fell by almost a quarter last year to $167 billion from a record performance in 2009, according to an industry report.
In the telecommunication industry's land grab for wireless airwaves, investors better brace for U.S. deals that are bewildering -- or worse.
Watch out for intraday swings because it's going to be wild.
Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions.
The global economic impact from Japan's earthquake and nuclear crisis may go beyond the modest GDP hit most number crunchers predict.
Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions.
Saudi Arabia's economy is reasonably insulated from the regional turmoil and the central bank has seen no abnormal capital outflows, its governor Muhammad al-Jasser said on Sunday.
The Japanese government plans to inject public funds into banks in areas ravaged by the March 11 earthquake and tsunami to make sure that businesses in the area can get credit to rebuild their operations, The Nikkei newspaper said in its Sunday edition.
Julius Baer Chairman Raymond Baer called for Switzerland to resolve a banking-related tax row with the United States, in comments reported by Le Temps.
The Japanese government plans to dedicate up to 10 trillion yen ($127 billion) in crisis lending to businesses to help them finance day-to-day operations and repair damage from last week's deadly earthquake and tsunami, the Nikkei newspaper reported on Saturday.
A A$7.3 billion ($7.1 billion) bid by the Singapore Exchange to take over its Australian rival is faltering as the Australian government, the regulator and a key opposition party are all set to reject it, the Sydney Morning Herald said.
Global stocks rose on Friday as traders took on riskier investments following a Libya ceasefire that reduced tension in the region, and after several central banks intervened to stabilize the yen.
A former Goldman Sachs Group Inc computer programer was sentenced to eight years in prison on Friday for stealing secret code used in the Wall Street bank's valuable high-frequency trading system.
Goldman Sachs Group Inc will buy back $5 billion of preferred stock from Warren Buffett, ending a costly deal that helped shore up confidence in the bank at the height of the financial crisis.
A U.S. judge rejected a preliminary class-action settlement with Securities America, a broker accused of failing to vet fraudulent companies properly, in a ruling that gave a lift to state regulators trying to stop the deal.
The trustee overseeing the liquidation of Lehman Brothers Holdings' broker dealer has sued Citibank to recover more than $1.3 billion in cash and other assets.
A former Goldman Sachs Group Inc computer programer was sentenced to eight years in prison on Friday for stealing secret code used in the Wall Street bank's valuable high-frequency trading system.
Stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.
U.S. regulators gave major banks including JPMorgan Chase & Co the green light on Friday to boost dividends, loosening the reins on the industry 2-1/2 years after the government bailed out the financial system.
Stocks gained after a week of heightened volatility on Friday, but investors were reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.
A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy.
Stocks rallied on Friday after a week of volatility, but light trading volume suggested investors are still reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.
Keycorp said on Friday that it planned to repay $2.5 billion in U.S. government bailout funds, becoming one of the latest banks to shake off the lingering effects of the financial crisis.
A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy.
JPMorgan Chase & Co, Wells Fargo & Co and other major U.S. banks plan to boost their dividend payments after passing stress tests evaluated by the Federal Reserve.
BB&T Corp raised its quarterly dividend 1 cent and will pay a special 1 cent dividend in the second quarter, becoming one of the first U.S. banks to raise its dividend after finishing a second round of regulatory stress tests by the Federal Reserve.
Stocks advanced on Friday after the Group of Seven intervened to support the Japanese yen and major banks were cleared to pay dividends again, but investors are unlikely to make big bets heading into the weekend.
France called for clear signals on job protection after U.S. group General Mills Inc entered into exclusive talks to buy half of cherished yoghurt brand Yoplait.
A coordinated move by central banks of rich nations to stabilize the yen's value appeared to be having a decisive effect on Friday, after a sharp rise in the yen after Japan's devastating earthquake and nuclear crisis raised fears about the global economy.
