American International Group's bid to take back $15.7 billion in risky mortgage bonds may inject fresh confidence in a market where investors had started to question a nearly two-year rally.
Stocks closed the week on a high note on Friday, on relief that unrest did not engulf top oil producer Saudi Arabia, calming some investors who worried the market was entering a near-term slide.
by Rachelle HornNEW YORK, March 11 - Covered bond advocates descended on Capitol Hill on Friday to testify before the House Financial Services Committee as the cause for establishing a market in the United States looks to be gaining traction.
Consumer sentiment fell to its lowest level in five months in early March as gasoline prices rose, a survey released on Friday showed.
Internet video firm Hulu is planning to reduce the size of its board in an attempt to streamline decision-making within the venture, the Wall Street Journal said, citing people familiar with the plan.
Big jumps in U.S. oil refining shares on Friday in reaction to Japan's massive earthquake could soon reverse as traders digest the impact of the disaster
The president of the New York Federal Reserve Bank doesn't normally face a raucous crowd.
The trading pattern of the prices of stocks and crude oil looks worryingly like it did just before the last recession.
U.S. consumer sentiment fell to its lowest level in five months in early March as gasoline prices rose, a survey released on Friday showed.
Regardless of whether hedge fund chief Raj Rajaratnam ends up testifying at his criminal trial, jurors are going to hear a lot from him.
U.S. job openings slipped in January, as did the job openings rate, government data showed on Friday.
With his 67th birthday just weeks away, the investor widely known as the Bond King has taken one of the biggest bets of his life -- but at least Bill Gross has got some company.
Job openings slipped in January, as did the job openings rate, government data showed on Friday.
Europe's banks will be given details of this year's health check of the industry next week, potentially including the capital level needed to pass, people familiar with the matter said on Friday.
National banking groups representing firms of all sizes are getting behind a lawsuit challenging the constitutionality of a crackdown on debit card processing fees.
Senator Ron Wyden told a White House meeting he is ready to propose a new version of the Build America Bonds program that was part of the federal stimulus plan and that expired in December.
LinkedIn, the Internet social network for professionals, launched a service on Thursday that creates a customized online newspaper from articles being shared by the network's more than 90 million members.
A top Federal Reserve official signaled on Friday the central bank won't tighten monetary policy any time soon, even as the jobs recovery looked set to quicken.
Retail sales posted their largest gain in four months in February as shoppers stepped up purchases of autos, clothes and other goods even as they spent more for gasoline.
Stocks edged lower on Friday after a massive earthquake hit Japan and a disappointing reading on consumer sentiment.
Sales at U.S. retailers increased broadly in February as rising energy prices boosted receipts at gasoline stations, but consumers also spent on a range of products in a sign of resilience in the face of rising gasoline prices.
The Federal Reserve Bank of New York said on Friday it had received American International Group Inc's
offer to buy back residential mortgage-backed securities taken over at height of the financial crisis.A federal judge limited the potential financial liability facing the operator of LimeWire, a once-popular file-sharing service found liable for copyright infringement, at an upcoming damages trial.
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Sales at U.S. retailers increased broadly in February as rising energy prices boosted receipts at gasoline stations, but consumers also spent on a range of products in a sign of resilience in the face of rising gasoline prices.
LONDON, March 11 - Eight catastrophe bond transactions totaling over a $1 billion could leave financial investors exposed to insured losses after a huge earthquake struck the northeast coast of Japan on Friday, triggering a 10-meter high tsunami.
Consumer sentiment fell to its lowest level in five months in early March as gas prices rose, a survey released on Friday showed.
Portugal announced new spending cuts on Friday to try to restore confidence in its finances ahead of a euro zone summit that is likely to back a plan to boost competitiveness but defer decisions on a stronger rescue fund.
Chinese inflation topped expectations in February at 4.9 percent and looks set to climb further in coming months, adding to pressure for another dose of monetary tightening.
Stocks were poised for a lower open on Friday after a massive earthquake hit Japan and accelerating inflation in China unnerved investors.
