Four Morgan Stanley Smith Barney branch managers left in the past few days, part of an exodus that began when Morgan Stanley gained control of Citigroup's Smith Barney brokerage arm in 2009 and began consolidating branches.
Producer prices surged in February at their fastest pace in 1-1/2 years, data showed on Wednesday, a day after the Federal Reserve said it had a watchful eye on inflation pressures it expects to subside.
Former Goldman Sachs Group Inc computer programer Sergey Aleynikov has lost his bid to reverse his December conviction for stealing the Wall Street bank's source code.
Producer prices surged in February at their fastest pace in just over 1-1/2 years, pointing to a build-up in pipeline inflation pressures from soaring food and energy costs.
U.S. stocks sank for a third day on Wednesday as worries about Japan's nuclear crisis escalated, and analysts saw more volatility ahead for the market.
Social-networking sites such as Facebook, or search engines such as Google, may face court action if they fail to obey planned EU data privacy rules, European Union justice chief Viviane Reding said on Wednesday.
Housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history.
Producer prices rose by 1.6 percent in February, as energy and consumer goods saw a strong increase, suggesting building inflationary pressures in the economy.
Stocks edged lower on Wednesday after surging U.S. producer price and weak housing data, while investors were buffeted by Middle East political uncertainty and a nuclear crisis in Japan.
The watchdog panel for the $700 billion bank bailout faulted the U.S. government for the last time on Wednesday, saying the program helped underpin the perception that federal authorities will always prevent troubled financial firms from failing.
Producer prices surged in February at their fastest pace in just over 1-1/2 years, boosted by high food and energy prices, according to a government report on Wednesday that pointed to a build-up in pipeline inflation pressures.
Wall Street was set to open near breakeven on Wednesday following volatile futures trading after surging U.S. producer price and weak housing data, while investors were buffeted by Middle East political uncertainty and a nuclear crisis in Japan.
Tencent Holdings, China's most valuable Internet company, said it plans to invest heavily in social networking, e-commerce and search, after posting a 46 percent rise in quarterly profit.
Nasdaq OMX Group Inc's possible counterbid for NYSE Euronext faces some big hurdles, including funding a complicated deal and convincing Big Board shareholders that it's better than Deutsche Boerse's offer, experts said.
Real Madrid will host Olympique Lyon at the Santiago Bernabeu on Wednesday in the second-leg of the last-16 round encounter, knowing that they can go through to the quarter-finals with a goalless draw.
Google Inc's online video service YouTube said on Tuesday it has bought video technology company Green Parrot Pictures for an undisclosed sum.
A group of Chinese authors have accused China's top search engine Baidu Inc of copyright infringement by allowing users to post their works online without their permission.
Foreign bankers are fleeing Tokyo as Japan's nuclear crisis worsens, scrambling for commercial and charter flights out of the country and into other major cities in the region.
U.S. stock index futures fell in volatile trade on Wednesday as Japan struggled with a nuclear crisis and as clashes in Bahrain lifted oil prices, with uncertainty set to drive near-term trading.
Stock index futures fell on Wednesday as Japan struggled with a nuclear crisis and as clashes in Bahrain lifted oil prices, with uncertainty set to drive near-term trading.
The number of unemployed people in the UK rose by 27,000 to 2.53 million for the three months to January 2011, recording the highest levels since 1994, the Office for National Statistics (ONS) said on Wednesday.
Japanese stocks rebounded on Wednesday from a major pummeling that some investors thought overdone, lifting equities elsewhere and allowing the yen to dip from a near record high against the dollar.
Japanese stocks rebounded on Wednesday from a major pummeling that some investors thought overdone, lifting equities elsewhere and allowing the yen to dip from a near record high against the dollar.
Private equity firm KKR & Co LP is increasing the sources of capital it taps as it gears up to raise its next buyout fund, the company said at its first ever investor day on Tuesday.
Asian financial markets rallied on Wednesday, with Tokyo stocks rebounding 5.7 percent after a steep two-day sell-off on Japan's killer earthquake and unfolding nuclear crisis.
IntercontinentalExchange Inc CEO Jeffrey Sprecher and Nasdaq OMX Group CEO Robert Greifeld know what it is to try -- and fail -- to take over another exchange.
Yahoo Inc has hired Ken Fuchs, an executive at Time Warner Inc's Time Inc to oversee its sports, games and entertainment online properties, the company announced in an internal memo on Tuesday.
Fidelity Investments plans to close an operation in Marlborough, Massachusetts, and move many of the 1,100 jobs there to other New England locations, a spokeswoman for the giant fund firm said.
Fidelity Investments plans to close an operation in Marlborough, Massachusetts, and move many of the 1,100 jobs there to other New England locations, a spokeswoman for the giant fund firm said.
Foreign firms set up evacuation plans in Tokyo and parts of northern Japan on Tuesday in a bid to distance staff from a quake-crippled nuclear plant while keeping their businesses running.
