Result Page 748 for Latest Markets / Finance News & Archive

Wall Street dips as consumer shares weigh

Stocks fell on Tuesday on worries that rising food costs will sap supermarket profits, hurting consumer stocks and denting growing optimism about the economic outlook.

BT denies new Internet offer to create 2-tier Web

A new service from British telecoms provider BT that allows Internet service providers to pay for higher-quality video delivery will not create a two-tier Internet, BT said on Tuesday.

Top lenders set for foreclosure settlement: report

The five largest mortgage loan servicers, including Bank of America Corp and JPMorgan Chase & Co, may be the first to settle with 50 state attorneys general who are investigating foreclosure practices, Bloomberg reported, citing Iowa Attorney General Tom Miller.

Factory orders rebound, brighten growth view

New orders received by factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, providing more signs the economic recovery was on sustainable path.

More news

Stock futures rise ahead of factory data, Fed minutes

U.S. stock index futures rose on Tuesday as optimism continued to permeate the market ahead of data on factory orders and car sales.

Economic optimism lifts global stocks

Optimism about the state of the world economy lifted stocks on Tuesday as well as boosting the dollar and keeping oil prices at a near 27-month peak.

Stock index futures inch up

Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.08 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.02 percent at 0921 GMT (4:21 a.m. ET).

Japan stocks lead Asia on signs of U.S. recovery

Japanese stocks led Asian equities higher, climbing to their highest since May, and oil prices were perched near a 27-month high on Tuesday, with investors betting the improving U.S. recovery may be reflected in jobs data later in the week.

Consumer bankruptcies hit 5-year high in 2010

The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could rise as Americans struggle with excess debt in an uncertain economy, a report issued Monday said.

Is the retail investor returning to stocks?

U.S. stocks just posted back-to-back years of strong gains, yet the small U.S. investor largely remained a spectator. Now financial advisers say investors, many of whom rode out the financial crisis in cash and bonds, are slowly regaining confidence.

Goldman, Digital Sky invest in Facebook: source

Facebook has raised $500 million from Goldman Sachs and Russian investment firm Digital Sky Technologies, in a deal that values the world's No.1 Internet social networking company at $50 billion, according to a person familiar with the matter.

Goldman Sachs returned to M&A top spot in 2010

Goldman Sachs was the top global mergers and acquisitions adviser last year, retaking the position from rival Morgan Stanley, which derailed its multiyear grip on the ranking in 2009.

Goldman, Digital Sky Technologies invest in Facebook: report

Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, the New York Times reported citing people involved in the transaction.

Correction: Goldman Sachs returned to M&A top spot in 2010

(Corrects beginning of third paragraph to read Apart from 2009... not 2010, as earlier sent)

Buffett's Berkshire Hathaway in $1.5 billion debt sale

Billionaire investor Warren Buffett's Berkshire Hathaway opened 2011 with a $1.5 billion debt sale on Monday, tapping markets as it customarily does early in the year to refinance maturing notes.

U.S. consumer bankruptcies hit 5-year high in 2010

Wall Street climbs in first session of 2011

Stocks greeted the new year with a rally on Monday as encouraging signs about the outlook for manufacturing around the world prompted investors to inject new money into the market.

BofA settles sour mortgages with Fannie Mae, Freddie

Bank of America Corp agreed to pay $2.8 billion to mortgage finance giants Fannie Mae and Freddie Mac to settle claims over soured mortgages, signaling the bank may be closer to containing its out-sized housing losses.

U.S. stock investors eye January with caution

Stocks may have kicked off 2011 with a no-holds-barred surge but anyone predicting a sustainable rally through January may be overly optimistic.

Wall Street leaps in first session of 2011

Wall Street stocks surged more than 1 percent as the new trading year kicked off on Monday and the rally of late 2010 resumed on encouraging signs about the economic outlook and a seasonal effect.

Manufacturing grows, bolsters 2011 outlook

U.S. manufacturing grew at its fastest pace in seven months in December, extending a recent run of encouraging economic data and suggesting that expansion of the world's biggest economy will accelerate in 2011.

Wall Street jumps into 2011 with sharp gains

Wall Street stocks launched the new trading year with gains of 1 percent or more on Monday, extending the late-2010 rally on optimistic signs about a global economic recovery.

Construction spending at 5-month high in November

Construction spending rose more than expected in November to touch its highest level in five months, a government report showed on Monday, a further sign that the economic recovery was gaining momentum.

BofA in settlement with Fannie Mae, Freddie Mac

Bank of America Corp agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans, signaling that the bank may be closer to containing its outsized housing losses.

Oil climbs above $92, anticipates economic growth

Oil climbed above $92 on Monday to its highest since October 2008, spurred on by expectations economic recovery will boost energy demand and as market bulls set their sights on $100 a barrel.

Instant view: Manufacturing sector grows in December

The manufacturing sector grew for a 17th straight month in December, adding to recent evidence that a recovery in the economy was picking up steam, according to an industry report released on Monday.

U.S. jobs trickle in. Whither workers?

U.S. private employers have recorded 11 consecutive months of job gains, yet the number of people who are so discouraged that they have given up searching for work stands at an all-time high.

Wall Street opens 2011 higher on data, January effect

Stocks rose on Monday, lifting the Nasdaq 100 to a 10-year high, as investors bet a 2010 rally would continue in the new year and factory and housing data pointed to a strengthening recovery.

Patni deal with iGate, Apax still on-source

U.S. software firm iGate's deal with Apax Partners for a majority stake in India's Patni Computer Services is still on the table but has been delayed due to procedural issues, a source with direct knowledge of the matter said on Monday.

Wall Street to open up China PMI, January effect

U.S. stocks were set for a higher open on Monday as returning investors bet a 2010 rally would continue in the new year and Chinese factory inflation data tempered concerns over increased monetary tightening.

AIG stock could drop as government sells off: report

Shares in American International Group could drop this year as the U.S. government sells stock it owns in the insurer, Barron's reported on Sunday.

iGate-Patni deal still on, delays procedural: source

Stock futures rise on China PMI; factory data on tap

U.S. stock index futures rose on Monday on hopes the rally will continue in the new year as economic conditions continue to improve and as Chinese factory inflation tempered concerns of more monetary tightening.

BofA to take $3 billion mortgage settlement charge

Bank of America Corp agreed to settle outstanding claims on poorly underwritten mortgages it sold to government sponsored entities Fannie Mae and Freddie Mac, and said it will put aside $3 billion in the fourth quarter related to the claims.

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.

Get Listed

MARKETS / FINANCE

Pages