NYSE Liffe announced that the daily volume in its Milling Wheat futures contract passed 70,000 contracts for the first time, on 5 August 2010. Milling Wheat futures reached a record of 74,729 contracts, surpassing the previous record of 50,165 contracts set on 22 July 2010. Total combined Milling Wheat futures and options daily volume set a new record of 86,841 contracts, surpassing the previous record of 64,959 contracts set on 22 July 2010. This is the fourth daily volume record in the Milling...
Gold prices closed higher for the week on the Comex Division of the New York Mercantile Exchange, hit a three week high in intraday, mainly on weak US employment report that hit the dollar. The most active gold contract for December delivery was up $6.0 , or 0.5 percent, to finish at $1,205.3 per ounce.
The top Republican on the House Financial Services Committee called on Friday for an investigation into charges that mortgage finance giant Fannie Mae pushed borrowers into a mortgage aid program so it could receive incentive payments from the U.S. government.
U.S. regulators seized Ravenswood Bank of Chicago on Friday, bringing the number of closures this year to 109 as the community bank sector continues to suffer under the weight of bad loans.
Bank of America Corp projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.
Warren Buffett's Berkshire Hathaway Inc said on Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts.
Citigroup Inc raised its estimates and now expects to issue $18 billion to $21 billion in long-term debt in 2010, the company said in a regulatory filing on Friday.
Bank of America Corp projects that its losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.
JPMorgan Chase & Co expects a measure of its capital strength to fall slightly under the latest proposals from banking supervisors, according to a quarterly filing with regulators.
The Federal Reserve on Tuesday may send a clear signal it is prepared to print more money to support a faltering economic recovery if necessary.
Republicans emboldened by a weak U.S. jobs report pressed their attack against the ruling Democrats on Friday, hoping to translate Americans' unhappiness with the economy into votes on November 2.
Republicans emboldened by a weak U.S. jobs report pressed their attack against the ruling Democrats on Friday, hoping to translate Americans' unhappiness with the economy into votes on November 2.
Stocks fell on Friday after government data showed a larger-than-expected drop in July payrolls, giving investors a stark reminder the economic recovery remains slow.
U.S. private employers added fewer workers to their payrolls in July than expected and hiring in June was much weaker than had been thought, a big blow to an already feeble economic recovery.
American International Group Inc Chief Executive Robert Benmosche is hoping this is the beginning of the end for the insurer's massive taxpayer bailout.
Stocks ended lower on Friday after government data showed a much larger-than-expected drop in July payrolls, providing investors with a stark reminder the economic recovery remains slow.
On Wall Street, the ability to trade on information quickly can be the difference between making money and making nothing. On Friday, a federal appeals court in New York considered how fast is too fast.
Panic buying of wheat subsided on global markets on Friday, sending prices tumbling as officials reassured markets that ample global supplies would prevent a repeat of the 2008 crisis that triggered food riots around the globe.
It should be possible to create a U.S. housing finance system without the need for potentially risky entities like government-sponsored mortgage finance agencies Fannie Mae and Freddie Mac, Federal Reserve Chairman Ben Bernanke said.
A surprising drop in July temporary payrolls, part of a weaker-than-expected U.S. government jobs report, defies the trends staffing companies are seeing in their own businesses, say staffing execs, who predict slow, modest jobs growth will resume in coming months.
Stocks dropped on Friday after government data showed a larger-than-expected drop in July payrolls, lending more weight to concerns of a slow economic recovery.
Stocks tumbled on Friday after government data showed a larger-than-expected drop in July payrolls, increasing expectations of a slow economic recovery.
American International Group Inc's quarterly results topped Wall Street's expectations on Friday, and the chief executive said the insurer is actively looking to repay its enormous taxpayer bailout.
The Washington Post Co's quarterly profits quadrupled, but its shares dived as much as 8 percent as the company said the proposed U.S. Department of Education regulations could hurt its Kaplan education unit, which accounts more than 60 percent of its revenue.
Shares in BP rose 1.2 percent in London on Friday, taking their bounce since the near 14-year low in June to 45 percent, lifted by the group's latest progress in plugging the ruptured oil well in the Gulf of Mexico.
Royal Bank of Scotland has clinched the $3 billion sale of a majority stake in its WorldPay arm to a private equity duo, the latest step in its recovery plan following a humiliating taxpayer bailout in 2008.
The lingering impact of August 3, 2010, clash on the Israeli-Lebanese border lies in the greater context of, and wider strategic dynamics in, the Middle East. These aspects were highlighted by HizbAllah Secretary-General Hassan Nasrallah in his speech later that day.
Magna International reported much stronger than expected quarterly results on Friday, with sales up about two-thirds on the back of a healthy pickup in the global auto market, sending the auto parts maker's shares up more than 9 percent.
Stocks fell on Friday as data showed the economy shed more jobs than expected last month, increasing worries that the path to economic recovery will be slow.
The ongoing Diggers and Dealers conference here addressed issues relating to global gold industry amid increasing demand.
The annual conference in the gold mining mecca of Kalgoorlie is Australia's biggest meeting of miners, prospectors, financiers, brokers and contractors.
