Crude steadies after fall on crude stock gains
Crude futures steadied on Thursday, trading little changed after a 1.8 percent drop the day before due to a big rise in U.S. crude inventories and talk of a release of U.S. and some European strategic reserves.
Exclusive: Hawker Beechcraft readies bankruptcy filing
Hawker Beechcraft Inc, the aircraft manufacturer owned by Goldman Sachs Group Inc's private equity arm and Onex Corp , is preparing to file for bankruptcy protection in the next several weeks, according to several people familiar with the matter.
U.S. investors urge going concern warning reform
Regulators need to crack down on auditors who fail to warn investors and the public before corporations fail, investors told the main watchdog for U.S. auditors on Wednesday.
Analysis: Hedge funds register, wait for SEC to visit
Hedge fund managers are increasingly nervous about getting a knock on the door from securities regulators now that a new rule requires them to register as investment advisers and provide lots of data about their inner workings as a result.
MF Global exec tied to money transfers clams up
An MF Global executive, who has emerged as a central figure in the desperate shifting of funds before the brokerage's collapse, refused to answer questions on Wednesday, frustrating lawmakers probing why more than $1 billion in customer money is missing.
Third Point CEO to continue fight over Yahoo board
Daniel Loeb, chief executive of hedge fund Third Point, said he would continue to push to revamp Yahoo Inc's board of directors following Yahoo's decision to reject him as a board member.
Wall Street eases as energy and materials sectors weigh
Stocks declined on Wednesday as sliding oil and metals prices gave investors a reason to sell commodity-related shares.
Google proposes Android revenue for Oracle: filing
Google proposed to pay Oracle a percentage of Android revenue if Oracle could prove patent infringement of the mobile operating technology at an upcoming trial, but Oracle rebuffed the offer as too low, according to a court filing late on Tuesday.
Crude ends lower on inventory rise, reserves talk
Crude futures fell on Wednesday as a jump in crude inventories in the United States and the prospect of a release of U.S. and some European strategic reserves sent oil prices into retreat.
MF Global Exec Refuses To Testify Before Congress
A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced.
Facebook halts secondary market trading, plans for May IPO
Social-networking site Facebook is halting the sale of its shares on secondary markets effective next week as the company prepares to hold its initial public offering in May, according to a person familiar with the matter.
Opel skirts plant closures to avoid labor brawl
European carmaker Opel avoided conflict with the unions on its board on Wednesday, preferring to return to the negotiating table rather than ram through thousands of job cuts in Germany and Britain.
Bank of America CEO made $8.1 million in 2011
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
MF Global executive refuses to testify before Congress
A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced.
Oil falls on rise in crude stocks, reserves talk
Oil prices fell on Wednesday as a big rise in U.S. crude inventories and the prospect the United States and some European nations might tap strategic reserves sent futures into retreat.
Durable goods orders hint at weak first quarter
New orders for long-lasting U.S. factory goods increased only modestly in February, supporting the view that economic growth in the first quarter could be lackluster.
Amazon Kindle store buy buttons vanish for hours
Maybe Lord Voldemort put a spell on Amazon.Com Inc.
Third Point blasts Yahoo for board picks
Daniel Loeb, chief executive of hedge fund Third Point, said he would continue to push to revamp Yahoo Inc's board of directors following Yahoo's decision to reject him as a board member.
JPMorgan: Corzine assured it on MF Global transfers
Former MF Global Holdings Ltd Chief Executive Jon Corzine assured JPMorgan Chase & Co shortly before his brokerage firm collapsed that it had ample funds to cover overdrafts, a lawyer for the bank is expected to testify.
Amylin rejected $3.5 billion Bristol offer: Bloomberg
Shares of Amylin Pharmaceuticals Inc rose as much as 51 percent on Wednesday after Bloomberg News reported the company rejected a $3.5 billion unsolicited takeover bid from Bristol-Myers Squibb Co .
Wall Street flat as durables data offsets oil decline
Stocks were flat on Wednesday as a weaker-than-expected reading on durable goods orders offset hopes that high oil prices could fall, removing a headwind to the economic recovery.
China to boost intellectual property rights: Xinhua
China's vice premier promised Apple Chief Executive Officer Tim Cook that the country would boost intellectual property protection, state media said on Wednesday, in Cook's second day of meetings in the company's biggest potential market.
German, UK car plants in balance as Opel board meets
The board of European carmaker Opel met on Wednesday under pressure from parent General Motors to put an end to years of steep losses, with thousands of workers in Germany and Britain fearing the closure of their plants.
China to Apple's Cook: we will boost intellectual property rights: Xinhua
China's vice premier promised Apple Chief Executive Officer Tim Cook that the country would boost intellectual property protection, state media said on Wednesday, in Cook's second day of meetings in the company's biggest potential market.
Durable goods rise tepidly in February
New orders for long-lasting factory goods rose less than expected in February and a gauge of future business investment also fell short of forecasts, casting a shadow on the manufacturing sector's support of the recovery.
Magic Johnson group to buy Dodgers for record $2 billion
A group spear-headed by former basketball great Earvin Magic Johnson agreed to buy the Los Angeles Dodgers baseball team for a record $2 billion, team owner Frank McCourt announced on Tuesday, capping a two-year drama that started with McCourt's divorce and wound its way through bankruptcy court.
Stock futures imply flat open after durable goods data
Stock index futures pointed to a flat open on Wednesday, cutting earlier gains after a weaker-than-expected reading on durable goods orders.
US Stock Open Flat On Durable Goods Data
U.S. stocks opened flat Wednesday after durable-goods rose less than expected in February and a key barometer of future business spending missed estimates.
Durable goods orders rise 2.2 percent in February
New orders for manufactured goods rose less than expected in February and a gauge of future business investment also fell short of forecasts, Commerce Department data showed on Wednesday.
MF Global executive details scramble for funds
MF Global's North America chief financial officer plans to tell lawmakers on Wednesday that she desperately sought fund transfers to cover the customer account shortfall in the final hours before the firm's collapse, but that some banks would not execute them.