RBS to merge Asia-Pacific investment bank units
Royal Bank of Scotland on Tuesday said it will merge its various Asia-Pacific investment banking teams into one group.
Goldman reports record 2Q revenue on strong trading results
Goldman Sachs Group Inc reported a record breaking second quarter for revenue on Tuesday as its trading division delivered strong results.
China regulators face off on GM Hummer deal
As a decision looms over GM's controversial plan to sell its Hummer unit to a little-known Chinese firm, the two Chinese regulators in charge of approving the deal seem to be on opposite sides of the road.
Goldman profit soars past estimates
Goldman Sachs Group Inc reported a 33 percent rise in quarterly earnings Tuesday on strong trading results, continuing an extraordinary rebound from the near meltdown of the U.S. financial sector last fall.
Madoff moved to prison in Atlanta
Confessed swindler Bernard Madoff was in a medium security prison in Atlanta after being moved from his New York jail cell, U.S. official prisons bureau records showed on Tuesday.
Wall Street opens flat after Monday's run-up
Stocks opened little changed on Tuesday as investors paused following a strong run-up in the previous session and after government data pointed to a slower than expected recovery in consumer spending in June.
Rattner leaves autos force, probe intensifies
Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors Corp and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.
11 Volcanoes in the Americas That You Can Climb
Maybe it's because they seem primordial, or because you did really well in rocks for jocks, or actually know a thing or two about geology
Wall Street set for flat open on spending unease
Stocks headed for a flat open on Tuesday as government data pointing to a slower than expected recovery in consumer spending fueled caution even after strong quarterly earnings from Goldman Sachs Group
Daily outlook for July 14 - Finance
Goldman Sachs is expected to report 2Q earnings today. The bank reported a profit of $1.8 billion in the first quarter after earning strong revenues from its fixed income, commodities and currencies trading division. Shares are expected to rise as the markets open.
Stock futures lose ground after retail sales data
Stock index futures briefly turned negative on Tuesday following a report that pointed to underlying weakness in consumer spending in June.
Retail sales top forecasts, helped by autos
Sales at U.S. retailers rose a stronger-than-expected 0.6 percent in June, boosted by a big jump in auto sales, Commerce Department data showed on Tuesday.
Daily Outlook - July 14 - Tech
Google reports earning reasults on Thursday after the closing bell. Analysts expect $5.06 a share in profit, up from $4.63 last year.
BA rules out imminent rights issue
British Airways said on Tuesday the timing was not right to raise funds in a rights issue, but it was looking at other options to improve its battered balance sheet.
Goldman profit soars on strong trading gains
Goldman Sachs Group Inc reported a 33 percent rise in quarterly earnings on Tuesday as a strong gain in trading was offset by a one-time charge to repay government loans.
Exxon investing $600 million on algae-based fuel
Oil giant Exxon Mobil Corporation announced Tuesday it will invest more than $600 million to develop biofuels from photosynthetic algae at a large scale.
Goldman Sachs beats Street
Goldman Sachs Group Inc on Tuesday reported second-quarter earnings.
BA mulls convertible bond to boost balance sheet
Struggling flag carrier British Airways said on Tuesday it was considering launching a convertible bond, not a rights issue, to shore up its balance sheet during the global aviation sector downturn.
Geithner sees confidence return, supports dollar
U.S. Treasury Secretary Timothy Geithner said on Tuesday he saw signs of confidence returning to the U.S. financial sector and pledged that the United States would pursue policies that preserve the dollar's value.
Goldman Sachs executives sell $700 million in stock: report
Goldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.
Daily News Outlook - July 13
Intel, Goldman results awaited; ExxonMobil's alt fuel bet, retail results expected
Poor IT job market may fuel online crime: Cisco
The ever-weakening job market could well lead to an increase in online crime as laid-off workers, especially those with computer skills, turn to scams to support themselves, Cisco Systems Inc said in a mid-year security report to be released on Tuesday.
Stock futures rise before Goldman results, retail sales
Stock index futures rose on Tuesday as investors bet that quarterly earnings from Goldman Sachs Group would kick off a strong reporting season for financial companies, offsetting caution over the looming release of June retail sales.
Daily Outlook - July 14 - Energy
U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke arrive to China to stay through July 17 to highlight the potential for mutually beneficial relationships in the clean energy sector.
U.S. to press China on tariffs on clean energy trade
The United States will press China this week to lower its tariffs on clean energy technology as one of many steps the two countries can take to fight global warming, U.S. officials said on Monday.
Solar star Q-Cells warns on sales, sector shares hit
Q-Cells SE, the world's biggest maker of solar cells, withdrew its full-year sales outlook and said it saw no signs of an upturn, in a surprise move that sent shares across the sector lower.
Toyota gets 6-month worth orders for new Lexus hybrid
Toyota Motor Corp launched its first dedicated hybrid model under the premium Lexus brand on Tuesday, saying it had received orders worth six months of targeted sales in Japan.
Exxon to invest in making fuel from algae: report
Exxon Mobil Corp is expected to announce on Tuesday a $600 million investment to produce liquid transportation fuels from algae, the New York Times said.
Stock futures flat before retail sales, Goldman
Stock index futures were little changed on Tuesday as caution ahead of June retail sales offset hopes that Goldman Sachs will kick off a strong reporting season for financial companies.
Stock futures higher ahead of Goldman results
U.S. stock index futures pointed to a stronger open on Wall Street on Tuesday, ahead of eagerly-awaited quarterly results from Goldman Sachs .