Bill Gates didn't lose his title as the world's richest man last year; he gave it away by plowing billions into his charitable foundation, experts say.
Oil prices fell more than $1 a barrel on Tuesday, pulling away from two-and-a-half year highs, but Asian stocks remained under pressure as investors worried higher energy prices could stunt the global economic recovery.
Emerging market economies that powered the global recovery may be growing too fast for their own good as inflation pressures build, a top International Monetary Fund official said on Monday.
Securities industry regulators are investigating municipal bond underwriters over excessive expenses in entertaining officials of credit rating agencies, bond issuers and their families to drum up business.
A Connecticut hedge fund manager pleaded guilty on Monday to running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars, U.S. prosecutors said.
Bill Gates didn't lose his title as the world's richest man last year; he gave it away by plowing billions into his charitable foundation, experts say.
Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.
A Connecticut hedge fund manager pleaded guilty on Monday to running a multiyear Ponzi scheme that may have defrauded investors out of hundreds of millions of dollars, U.S. prosecutors said.
Morgan Stanley is considering dropping the Smith Barney name from its brokerage joint venture less than two years after it closed the deal, according to the Wall Street Journal, citing sources.
Fast-growing emerging market economies are beginning to exhibit signs of overheating, a top International Monetary Fund official said on Monday.
There are no good outcomes, only bad, really bad, and catastrophic. Take your pick. Could gas prices drop below $3.00 per gallon if the world sinks back into recession? Yes. But it would only be momentary. The easy to access supply is dwindling. The medium and long term direction of gas at the pump is up. There is nothing that can be done in the next five years to prevent significantly higher oil prices.
France's finance ministry was subject to a cyber attack in December targeting information related to its presidency of the Group of 20 nations, officials said on Monday.
Unrest in the Middle East and North Africa has generated a fear factor that drove up oil prices, and growth forecasts could be at risk if those gains are sustained, a top IMF official said on Monday.
Technology stocks sold off on Monday, with the Nasdaq teetering on a key technical support level as uncertainty over higher oil prices looks set to drive volatility in the days ahead.
U.S. consumer credit rose for a fourth straight month in January as households splurged on motor vehicles, further evidence the economy was gaining traction.
Bank of America Corp on Monday said that it has named Stuart Hendel, the global head of the prime brokerage business at rival Swiss bank UBS AG , as head of its own global prime brokerage division.
Technology stocks sold off after a brokerage downgrade on Monday, leading the market lower, while uncertainty over higher oil prices looked set to drive volatility in the days ahead.
Wells Fargo & Co will by mid-May hire more than 1,000 people for its retail banking operations in the mid-Atlantic region, ahead of a planned fall rebranding of its Wachovia locations.
Wall Street bank Morgan Stanley has stopped trading oil with Libya, a trade source said on Monday, in an early indication that U.S. sanctions could further hit exports from the north African producer.
NEW YORK, March 7 - When the Securities and Exchange Commission brought charges against former Goldman Sachs director Rajat Gupta in an administrative proceeding -- rather than in federal court -- it signaled a possible new front in the SEC's pursuit of insider-trading cases.
Internet entrepreneur Art Norins was sick of the nonstop phone calls and e-mails from people seeking to buy shares of his company.
Municipal bond underwriters are under investigation by the Financial Industry Regulatory Authority to see if firms are funding lavish entertainment for rating agency executives as well as public officials from towns and cities, FINRA Chief Executive Richard Ketchum said Monday.
The Federal Reserve's $600 billion bond purchase program will be completed as planned, top Fed officials signaled on Monday, though they saw heightened economic uncertainty from unrest in the Middle East.
Technology shares led U.S. stocks lower after a downgrade of semiconductors on Monday, helping push the sector below a key technical level, which could mean further losses.
New Barclays boss Bob Diamond and his two replacements as head of the investment banking arm were paid 28 million pounds ($45 million) last year, with the trio also receiving shares worth 40 million pounds for past performance.
Leave it to a hedge fund named for a philosophical Roman emperor to try to turn a contentious corporate bankruptcy into a campaign for decency and morality.
Stocks fell further in early afternoon trading on Monday, with the Nasdaq declining more than 2 percent and the Dow and S&P 500 down more than 1 percent each.
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Top hedge funds turned conventional wisdom on its head in the fourth quarter by swapping out Wall Street powerhouse Goldman Sachs Group Inc for battered bailout survivor Citigroup Inc .
Stocks fell on Monday, weighed down by a downgrade of the semiconductor sector and worries about the effect of higher oil prices on the economy, which is unlikely to change soon.
