Morgan Stanley has won an agreement with creditors on a 60-day extension on 225 billion yen ($2.41 billion) in loans used for a troubled investment in hotels in Japan, two sources with knowledge of the deal said.
Stop-loss selling hammered the euro to a one-year low on Friday on heightened speculation Greece would have to seek a bailout to avoid default, while Asian shares fell, dragged down by resource and financial stocks.
World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.
United Airlines parent UAL Corp and Continental Airlines Inc are considering a stock-for-stock merger with no premium, creating a company valued at roughly $6.6 billion, Bloomberg News said on Thursday, citing two people with knowledge of the talks.
American Express Co sounded optimistic about future client spending, even as Capital One Financial Corp cautioned that its customers are not borrowing as much as they used to.
The U.S. Federal Reserve is expected to surprise no one on Wednesday by holding interest rates near zero and repeating its vow of an extended period of very low rates at the conclusion of a two-day policy meeting.
Amazon.com Inc forecast a lower-than-expected profit for its second quarter, raising concerns about the online retailer's future margins and sending its shares down nearly 6 percent.
The IMF sought to maintain unity within the Group of 20 economic powers on Thursday, urging countries not to go separate ways in reforming the financial sector, as frictions emerged over a controversial plan to tax banks.
President Barack Obama scolded Wall Street on Thursday for its furious efforts to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented
Severe winter weather and higher fuel costs pinched Continental Airlines Inc's first-quarter results on Thursday and the company posted a larger-than-expected loss despite a jump in revenue.
CenturyTel Inc said it will buy the Qwest Communications International Inc , in a $10.6-billion stock deal, combining the third and the fourth biggest U.S. landline phone companies to help them compete more aggressively and cut costs.
Stocks staged a late-day comeback on Thursday as another steady drumbeat of strong quarterly profits from consumer bellwethers like Starbucks Corp outweighed worries about Greece's finances.
The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals, while producer price data showed inflation is muted despite a surge in food costs last month.
President Barack Obama scolded Wall Street on Thursday for its furious efforts to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented
Goldman Sachs Group Inc intensified its public relations counteroffensive over fraud charges on Thursday as the company's chief executive watched President Barack Obama urge Wall Street to back regulatory reforms.
Private equity firm Blackstone Group reported higher quarterly earnings on Thursday that beat analysts' estimates as the value of its vast private equity investments continued to rebound.
The Nasdaq edged higher on Thursday as another steady stream of strong earnings from companies, including Starbucks Corp , overshadowed worries about Greece's ability to handle its debt.
Goldman Sachs risks losing clients wherever politicians hold sway after U.S. accusations the Wall Street powerhouse committed fraud, posing a threat to some lucrative business areas.
US Airways Group Inc said on Thursday it has dropped out of merger discussions with United Airlines parent UAL Corp, a decision that changes the dynamic of similar talks between UAL and Continental Airlines Inc.
The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals and producer price data showed inflation remained muted despite a surge in food costs last month.
Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, as Moody's Investors Service downgraded its rating of Greek government debt.
Bank of America Corp intends to put more global in its global wealth management division.
U.S. stocks edged lower on Thursday as concerns grew about the deteriorating financial health of Greece and big telecommunications equipment companies reported weak results.
One after another, shortly after a diagnosis of breast cancer, each of the women learned that her health insurance had been canceled. First there was Yenny Hsu, who lived and worked in Los Angeles. Later, Robin Beaton, a registered nurse from Texas. And then, most recently, there was Patricia Relling, a successful art gallery owner and interior designer from Louisville, Kentucky.
Goldman Sachs Group Inc intensified its public relations counteroffensive on Thursday over fraud charges, as the company's chief executive watched the U.S. president urge Wall Street to back regulatory reforms.
U.S. stocks fell on Thursday as concerns grew about the deteriorating financial health of Greece and big telecommunications equipment companies reported weak results.
President Barack Obama will tell Wall Street on Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless there were tighter rules to rein in the industry's risky practices.
Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, triggering a fresh slide of asset prices in Greece and other debt-choked European countries.
Greece's budget gap last year was worse than feared, the European Union's statistics office revealed on Thursday, as Moody's Investors Service downgraded its rating of Greek government debt.
The number of U.S. workers filing new claims for jobless aid fell last week as the labor market gradually heals and producer price data showed inflation remained muted, despite a surge in food costs last month.
