The London Stock Exchange failed to stop trading Tuesday as scheduled -- one day after completing a major system upgrade -- causing confusion among its clients, who blamed a technical problem. The LSE, which ends normal trading at 1630 GMT before starting its closing auction, conceded on its website that normal trading did not cease until 42 seconds after the official close at 1630.
It would be safe to say you would have probably entertained the question of how to get promoted even before you graduated or left school. In my chats with juniors from my industry, I am often asked this question which I gladly answer. However, I sense they simply want short cuts to the next level.
Investors will scrutinize Dell Inc's quarterly earnings for signs that healthy business spending and lower component costs are shoring up margins, a top priority for the world's No. 2 personal computer maker.
Germany's Deutsche Boerse and transatlantic NYSE Euronext have announced a merger to create the world's largest bourse, pushing aside potential political and regulatory obstacles.
Structural economic changes have likely pushed up the 'natural' rate of U.S. unemployment to about 6.7 percent, researchers at the Federal Reserve Bank of San Francisco said on Monday. That's much higher than the 5 percent level that has been the historic norm, the researchers said in the latest edition of the San Francisco Fed's Economic Letter.
The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud. Michael Williams, Fannie Mae's chief executive and Edward DeMarco, director of the Federal Housing Finance Agency, each told a U.S. House of Representatives panel that not paying for the legal aid would be counterproductive
Global food prices have reached dangerous levels and have pushed an additional 44-million more people in the developing nations into poverty since last June.
Stocks slid on Tuesday as energy shares pulled back, creating a breather in the market's recent rally.
Deutsche Boerse and NYSE Euronext said on Tuesday they had struck a deal to form a global exchange operator.
Stocks slid on Tuesday as a smaller-than-expected rise in retail sales raised doubts about a rebound in consumer spending, a vital part of an economic recovery.
CB Richard Ellis Group Inc is buying most of Dutch bank ING's Real Estate Investment Management for about $1 billion to diversify its client base, a deal which would help ING pay down state aid.
The U.S. labor market still is in a deep rut despite a recent drop in the unemployment rate, Cleveland Federal Reserve Bank President Sandra Pianalto said on Tuesday. Unemployment rates have decline a bit recently, but job creation remains anemic, as businesses have been cautious in expanding their payrolls, Pianalto said in remarks to the Summa Hospitals Women's Board.
A graduate of the prestigious University of Tokyo's economics department, Keishiro Kurabayashi could have joined a blue-chip firm and begun climbing the corporate ladder. Instead, he interned at DeNA, then a fledgling start-up and now a successful social networking and mobile gaming firm.
U.S. stock index futures were little changed on Tuesday as investors remained wary of indexes at loft levels, although retail sales later in the morning could drive markets.
(Corrects in 4th paragraph to show retail sales rose less than forecast)
CIT Group Inc , which emerged from bankruptcy in December 2009, reported a drop in quarterly profit compared with the third quarter, as the commercial lender was hurt by a fall in interest income and higher expenses.
Sales at U.S. retailers slowed in January as extreme weather in large parts of the country kept some shoppers at home, but the underlying improving trend in spending remained intact.
U.S. stocks fell on Tuesday after data showed weaker retail sales last month, raising a question mark about a recovery in consumer spending.
Sales at U.S. retailers slowed in January as extreme weather in large parts of the country kept some shoppers at home, but the underlying improving trend in spending remained intact.
Sales at U.S. retailers increased less than expected in January amid weak receipts at building material and restaurant outlets, a government report showed on Tuesday, likely reflecting the drag from snow storms that slammed large parts of the country during the month.
Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchange operator on Tuesday, dodging political issues that could threaten completion of a deal.
U.S. stocks opened lower on Tuesday after data showed weaker retail sales last month, raising a question mark about a recovery in consumer spending.
CIT Group Inc reported a sequential drop in quarterly profit as the commercial lender was hurt by a fall in interest income and higher expenses.
U.S. stocks were headed for a lower open on Tuesday after data showed weaker retail sales last month, raising a question mark about a recovery in consumer spending.
Chinese inflation hit a lower-than-forecast 4.9 percent in January, but price pressures excluding food were their strongest in at least a decade and will force the central bank to keep tightening monetary policy.
The euro zone economy ended last year with stable growth, failing to meet expectations for an acceleration as expansion in the three largest nations fell short of forecasts and Greece and Portugal contracted.
Inflation in Britain rose to double the Bank of England's target in January, increasing pressure on the central bank to raise interest rates despite a fragile economic recovery.
The euro zone economy grew at the same quarterly rate in the fourth quarter as in the third, data showed on Tuesday, defying expectations of an acceleration.
Deutsche Boerse and NYSE Euronext are expected to announce a deal to create the world's largest exchange operator on Tuesday, setting aside political issues that threaten its completion.
British bank Barclays will review its portfolio and cut costs to boost profitability as it grapples with tougher regulations which it said will lower its returns.
