ECB policymaker Axel Weber warned global central bankers on Friday that economic imbalances could worsen faster than first expected to pre-crisis levels and urged the G20 to push ahead with tackling them.
Stock index futures were mostly unchanged on Friday as upbeat labor market data earlier this week fed investor optimism about the upcoming February payrolls report.
U.S. stock index futures pointed to a slightly higher open for Wall Street on Friday, adding to hefty gains on Thursday, with futures for the S&P 500, Dow Jones futures and Nasdaq futures all up around 0.2 percent by 4.20 a.m. EST.
Goldman Sachs Group Chief Executive Lloyd Blankfein has agreed to testify for the U.S. government at the upcoming trial of Galleon hedge fund founder Raj Rajaratnam, the Wall Street Journal reported, citing people familiar with the matter.
Asian stocks are heading for their biggest weekly gain in three months on bargain-hunting after their recent drop while the euro perked up after the central bank signaled a rate hike as early as next month.
U.S. banks received a proposal from state attorneys general and several federal agencies that could require them to reduce loan balances of troubled mortgage borrowers, the Wall Street Journal said, citing people familiar with the matter.
Asian stocks were poised for their best weekly gains in three months as market players hunted for bargains while the euro perked up after the European Central Bank signaled a rate hike as early as next month.
Employers probably hired more workers in February than in any month since May last year, recovering from extreme winter weather and raising hopes the economic recovery has gathered critical momentum.
Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.
A federal judge said on Thursday he would approve the bankruptcy plan for Old GM, wrapping up one of the most complex Chapter 11 cases in U.S. history and paving the way for a distribution of General Motors stock and warrants to creditors.
Days ahead of its official launch, Doximity -- a LinkedIn-style application for healthcare professionals -- already has the backing of the venture capital community and thousands of U.S. doctors.
Chrysler Group LLC is in advanced discussions with banks on refinancing about $7 billion in government debt and establishing a credit facility in a process that would help clear the way for its initial public offering later this year.
NEW YORK - Days ahead of its official launch, Doximity -- a LinkedIn-style application for healthcare professionals -- already has backing of the venture capital community and thousands of U.S. doctors.
Foreign banks have not gotten the message when it comes to helping American clients avoid paying taxes, a top U.S. tax prosecutor said on Thursday.
Days ahead of its official launch, Doximity -- a LinkedIn-style application for healthcare professionals -- already has backing of the venture capital community and thousands of U.S. doctors.
Corrects symbol of Apple Inc.NEW YORK - Days ahead of its official launch, Doximity -- a LinkedIn-style application for healthcare professionals -- already has the backing of the venture capital community and thousands of U.S. doctors.
IAC/InterActiveCorp , a media holding company chaired by billionaire Barry Diller, lost its bid to dismiss a lawsuit accusing it of deceiving a private equity firm into buying a call center operator that quickly went bankrupt.
The U.S. Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank continued to purchase bonds, Fed data released on Thursday showed.
Fixes references to market strategist in paragraphs 5-6
Days ahead of its official launch, Doximity -- a LinkedIn-style application for healthcare professionals -- already has backing of the venture capital community and thousands of U.S. doctors.
Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged lawmakers to cut the massive federal deficit but not so swiftly as to choke off the nascent U.S. economic recovery.
Sears Holdings Corp sent an open letter on Thursday to independent Web operators affiliated with online retailer Amazon.com inviting them to join its network, becoming the second major U.S. store chain to go after key partners of the Web retailer in recent weeks.
Growth in the service sectors in the United States and Europe hit its highest in five years in February, suggesting economic growth is accelerating though inflationary pressures are building.
The following are highlights from testimony by Treasury Secretary Timothy Geithner on Thursday before the Senate Foreign Relations Committee on turbulence in the global economy and implications for the United States.
The Federal Reserve Bank should continue to flood the economy with cheap money to fight high unemployment, but policymakers must stay on watch for signs of inflation, two top Fed officials said on Thursday.
The U.S. Federal Reserve Bank should complete its $600 billion bond-buying program, but should only extend it if inflation continues to fall, a top Fed official said on Thursday.
Gold fell nearly 1.5 percent on Thursday, snapping a four-day winning streak as indications the European Central Bank may raise interest rates to battle inflation dented bullion's investment appeal.
The European Central Bank will raise interest rates next month, according to a firm majority of economists polled by Reuters after its president said the bank will exercise strong vigilance over inflation.
Johnson Controls Inc., the Wisconsin-based automotive interiors giant, came out on top on the most recent list of the 100 best corporate citizens in America.
Fleeing after years of war in Iraq, many refugees arriving in the United States can't find the jobs they need to rebuild their lives. Unemployment among Iraqi refugees is estimated at nearly three times the national average of 9 percent, and up to 2,000 of those who arrived in the past four years may have left for other countries.
