Warren Buffett's Berkshire Hathaway Inc may lose its AAA credit rating from Standard & Poor's within a year if the insurance and investment company's capital levels or value of its equity holdings face more downward pressure.
U.S. stock index futures pointed to a higher opening on Wall Street on Wednesday, after investors booked profits on Tuesday amid questions whether the U.S. government's plan to clean up bank balance sheets would work.
The euro slipped against the dollar on Wednesday after a closely-watched survey showed German corporate sentiment fell to a record low, while world stocks inched up after hitting a 5-1/2 week high the previous day.
U.S. President Barack Obama and his top two economic officials on Tuesday dismissed suggestions by emerging economic powers that the world move away from using the dollar as the world's main reserve currency.
The long-awaited U.S. government plan to rid banks of money-losing assets has injected some desperately needed optimism into Wall Street after stocks hit 12-year lows earlier this month.
Stocks slid on Tuesday as investors paused to reassess the likely success of the government's latest plans to clean up bank balance sheets and revive the financial system, a day after initial euphoria over the plan drove huge gains.
Stocks slid on Tuesday as investors paused to reassess the likely success of the government's latest plans to clean up bank balance sheets and revive the financial system, a day after initial euphoria over the plan drove huge gains.
Oil rose slightly on Tuesday after U.S. stock markets bounced off their lows amid lingering optimism that the government's plan to unburden banks of soured assets could help shore up the ailing economy.
After sustaining record losses in 2008, U.S. pension funds are unlikely to return to the high level of stock market allocations favored before the global financial crisis and will probably favor greater bond allocations, the author of a study said on Tuesday.
After sustaining record losses in 2008, U.S. pension funds are unlikely to return to the high level of stock market allocations favored before the global financial crisis and will probably favor greater bond allocations, the author of a study said on Tuesday.
Stocks edged lower on Tuesday as investors paused the day after a huge bounce to gauge if the government's latest plans to shore up the economy will be enough to sustain the recent rally.
The Dow briefly turned positive on Tuesday, helped by a rise in the shares of big manufacturers including Boeing Co ,and the S&P 500 and Nasdaq pared earlier losses.
Stocks slipped on Tuesday as investors paused the day after a huge run-up to gauge if government plans to shore up the economy will be enough to sustain the recent market rally.
Stocks fell on Tuesday, with financial shares giving up some of the previous day's surge as investors assessed government plans to shore up the economy and resource shares fell alongside commodity prices.
Wall Street was poised for a lower open on Tuesday the day after markets surged, as investors assessed a raft of recent moves to shore up the struggling economy and soft oil prices weighed on energy shares.
Stock index futures pointed to a lower open on Tuesday the day after markets surged, as investors assessed a raft of recent moves to shore up the struggling economy, while lower oil prices weighed on energy shares.
U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp rally fueled by better than expected housing data and by Washington's plan to help banks get rid of troubled assets.
Asia stocks struck two-month highs on Tuesday and higher-yielding currencies jumped against the yen as Washington's plan to relieve banks of toxic debt spurred investors to pick up riskier assets.
Stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and driving double-digit gains in financial shares.
Stocks surged around 7 percent on Monday after the Obama administration detailed a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and driving double-digit gains in financial shares.
Intel Corp is seeking permission from its shareholders to revalue worthless employee stock options, a controversial move that the world's biggest chipmaker says is needed to retain critical staff.
Stocks jumped on Monday, with the Dow industrials and S&P 500 indexes gaining more than 6 percent after the U.S. government released long-awaited details of a plan to clean out distressed assets from banks' balance sheets
All is not lost for Wall Streeters deprived of their mega-salaries and lavish lifestyles following the financial tsunami that has wiped out so many jobs.
Stocks climbed on Monday after the Obama administration revealed details of a plan to purge toxic assets from bank balance sheets, fueling optimism about a revival in bank lending and lifting financial shares.
Stocks rallied on Monday, with the Dow industrials and S&P 500 indexes gaining 5 percent after the U.S. government released long-awaited details of a plan to clean out toxic assets from banks' balance sheets
U.S. stocks jumped more than 4 percent on Monday after long-awaited details from the Obama administration on its plan to remove distressed assets from bank balance sheets fueled optimism it will spark a revival in lending, driving up financial shares.
Intel is seeking permission from its shareholders to revalue worthless employee stock options, a controversial move that the world's biggest chipmaker says is needed to retain critical staff.
Walgreen Co posted a better-than-expected quarterly profit on Monday as the drugstore chain controlled costs even as consumers cut back on discretionary buying.
Stocks jumped on Monday, with the Dow and S&P 500 gaining 4 percent after the U.S. government released the details of a plan to clean out toxic assets from banks' balance sheets.
Stocks rose on Monday after the U.S. government released the highly anticipated details of a plan to clean out toxic assets from banks' balance sheets, a key part of the government's efforts to revitalize the recession-hit economy.
