American International Group Inc named director Robert Steve Miller as its new chairman, replacing Harvey Golub who resigned after clashing with Chief Executive Robert Benmosche over the botched sale of the insurer's Asian life unit.
Asian stocks fell in early trade on Thursday after a downbeat assessment of the economic recovery by the U.S. Federal Reserve and with caution prevailing ahead of China's second quarter GDP data.
Bank of America Corp plans to offer an online bank account that charges an $8.95 monthly fee for paper statements and using tellers, as it looks for ways to make up for income lost because of new regulations.
The AUD has had a relatively quiet trading session overnight and we're likely to see a similar trading pattern this morning as the local market awaits the release of a wave of Chinese data due out around lunchtime.
Consumer sentiment in Australia markedly improved rising to 11.1% the most in 13 months, following 3 months of decline.
No one ever said the Lehman Brothers bankruptcy case would be easy, or quick.
Bank of New York Mellon Wealth Management wants to expand more U.S. and overseas markets through a stream of new hires and takeovers, Chief Executive Lawrence Hughes told Reuters on Wednesday.
U.S. stocks broke a six-day winning streak on Wednesday, with the S&P 500 ending a hair lower after the Federal Reserve suggested additional measures may be needed to combat a weakening economy.
Sales at U.S. retailers fell for a second straight month in June and businesses wary of ebbing demand barely raised inventories in May, more evidence the economic recovery has slowed in recent months.
U.S. President Barack Obama discussed his efforts to stimulate the economy and create jobs with billionaire U.S. investor Warren Buffett in an Oval Office meeting on Wednesday, a White House official said.
Stocks weakened on Wednesday after the Federal Reserve's policy makers said the central bank should be ready to consider additional steps to boost the economy if a softening outlook takes a turn for the worse.
Securities regulators on Wednesday weighed whether to change voting in corporate elections, amid calls from companies and some investors to fix a system they consider antiquated.
Sales at U.S. retailers fell for a second straight month in June and businesses wary of ebbing demand barely raised inventories in May, more evidence the economic recovery has slowed in recent months.
Tech shares led the Nasdaq higher on Wednesday after Intel's strong results, but the Dow and S&P sharply trimmed gains on tepid retail sales figures and ahead of the release of the minutes from the Fed's most recent meeting.
Stocks advanced on Wednesday, lifted by Intel's strong results, but weaker-than-expected June retail sales limited gains.
Former gaming executive launches DAS Capital Global Distressed Assets and Special Situations Fund
Efforts to clinch a deal on the way banks, insurers and markets in the European Union are supervised failed on Wednesday and talks will resume in late August or early September, EU sources said.
Deborah Coleman lost her unemployment benefits in April, and now fears for millions of others if the Senate does not extend aid for the jobless.
No matter their income level, a significant number of U.S. workers are likely to struggle to meet basic expenses during retirement, a new study of baby boomers and generation Xers released on Tuesday shows.
Recent evidence the economic recovery may be slowing has prompted analysts to scale back their expectations for the pace of growth into next year, a Reuters poll showed.
The Dow and S&P 500 indexes fell on Wednesday after data showed a second straight month of declining U.S. retail sales, though results from technology bellwether Intel Corp helped limit losses on the Nasdaq.
EBay Inc was sued for at least $3.8 billion on Tuesday by a Connecticut company that accused the online auctioneer and retailer of infringing six patents to develop lucrative payment systems such as PayPal.
Dow and S&P 500 index futures pointed to a lower open on Wednesday after a report showed a second straight month of declining U.S. retail sales, though better-than-expected results from technology bellwether Intel Corp limited losses in the Nasdaq.
Dow and the S&P 500 index futures turned negative on Wednesday after data showed sales at U.S. retailers fell for a second straight month in June.
Kansas City Federal Reserve President Thomas Hoenig on Wednesday said that the U.S. economy will continue to recover, but it will take time to reach the Fed's targets for minimal unemployment and inflation.
Sales at retailers fell for a second month in June, pulled down by weak receipts at automotive dealers and gasoline stations, according to a government report on Wednesday that added to evidence the economic recovery was proceeding at a moderate pace.
Stock index futures rose on Wednesday on the heels of better-than-expected earnings from technology bellwether Intel Corp , setting the stage for a seventh straight day of gains.
Chinese social networking websites that provide Twitter-like services have suddenly reverted to testing mode and access has been spotty amid reports of a government clampdown.
World's top rice producer, China reduced the 2010 rice output forecast to 196.6 million metric tons from an estimate of 197.3 million tons made a month ago. According to China National Grain & Oils Information Center production forecasts for other crops were maintained at 168 million tons of corn, 115.1 million tons of wheat, 14.5 million tons of soybeans and 12.6 million tons of rapeseed.
Palladium's surplus is set to shrink by 62 per cent this year following an increase is car sales across the globe. The excess supply of platinum will also increase. Palladium demand will fall short of supply by 217,000 ounces this year, down from 578,000 ounces in 2009, said analysts. Consumption by the car industry will advance 15 per cent to 4.6 million ounces, they predicted. Palladium is used in catalytic converters in cars to reduce pollution.
