Stock futures drop after Citi's government deal
Stock index futures turned lower on Friday on news the U.S. government is taking a large common equity stake in embattled lender Citigroup .
Index futures point to mixed Wall St open
Futures for the Dow Jones industrial average index fell 0.1 percent on Friday, gained 0.3 percent for the Nasdaq 100 and rose 0.1 percent for the S&P 500 share index, pointing to a mix open for Wall Street.
U.S.' Citi stake to rise in conversion deal: source
The U.S. government will commit to holding a common equity stake of up to 30-40 percent in Citigroup in a deal that will see most of the group's board replaced, a person familiar with the transaction said on Friday.
Dell sees 2009 contraction in Asia amid sales slump
Dell Inc expects its Asia revenue to fall this year, amid heated competition and the global slowdown, but it still expects to pick up share in the PC markets in China and India, a top executive said on Friday.
U.S., Citi reach equity conversion deal: source
The U.S. government and Citigroup have reached a deal to convert up to $25 billion in government-held preferred shares in the bank to common equity, a person familiar with the transaction said early on Friday.
Top N.Y. legal officer demands bonus list from BofA CEO
New York's top legal officer on Thursday demanded Bank of America Corp Chief Executive Kenneth Lewis provide names of Merrill Lynch executives who received 2008 bonuses, and how much they got, before the bank's takeover of the firm in January.
Satyam keen to sell 31 percent new stock to bidder: report
India's fraud-hit Satyam Computer Services wants to offer no more than 31 percent in new shares to a strategic investor, the Mint newspaper reported on Friday, citing a company source familiar with the matter.
America's Debt Growth May Double Unexpectedly
The U.S. debt held by the public may grow nearly twice as fast over the next two years than previously expected after President Barack Obama today unveiled his spending priorities to add trillions of dollars to the federal budget, including help for the financial industry and job generation through government programs.
N.Y. regulator subpoenas BofA for list of who got bonuses
The New York Attorney General's office has subpoenaed Bank of America to submit a list of employees who got bonuses and the amounts that the employees received, a spokesman for the New York Attorney General said on Thursday.
FBI makes first arrest in Stanford fraud case
The FBI made the first arrest in the Stanford Financial Group fraud investigation on Thursday, detaining Chief Investment Officer Laura Pendergest-Holt on federal obstruction charges.
Wall Street rates poorly for ethics, honesty: poll
Americans hold a dim view of business executives, giving them poor grades for honesty and ethics and blaming them for business failures, according to a survey released on Thursday.
Veterans urge Obama to address military base conditions
On February 26, Veterans for America, VFA, issued a statement urging President Barak Obama to address the dire conditions on the military bases and in communities in the United States.
AIG, U.S. government discuss aid terms
The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said on Thursday.
Motorola sees cell market growth in 2010/2011
Motorola Inc (MOT.N) sees industry cellphone sales increasing in the mid-single-digit percentage range next year and in 2011, driven by first time buyers in emerging markets and upgrades to new models by existing users.
Wall Street rates poorly for ethics: poll
Americans hold a dim view of business executives, giving them poor grades for honesty and ethics and blaming them for business failures, according to a survey released on Thursday.
Gap quarterly profit falls, to close more stores
Gap Inc on Thursday posted a lower fourth-quarter profit with a steep drop in sales and said it would close additional stores, especially at its namesake Gap chain, as it tries to weather a recession.
10 commandments for cheaper travel
Go off-peak, or in the 'shoulder season' just before the masses arrive. For example, African safaris in the rainy season cost up to 40% less, and offer the chance to see more new-born animals; the Galapagos Islands in May are 20-30% cheaper than December / January or high summer - and offer warmer, calmer conditions
Gap's profit down, cost cuts offset weak sales
Gap Inc on Thursday posted a lower quarterly profit, but cost cuts helped counteract a drop in sales at the global apparel retailer.
AIG, U.S. government discuss easing aid terms: source
The U.S. government may agree to finance the purchase of some American International Group Inc businesses, take stakes in assets and ease terms of its aid package to the insurer, a person familiar with the matter said on Thursday.
Dell sales miss, but cost-cuts help profit
Dell Inc reported a sharper-than-expected fall in quarterly revenue as consumers bought lower-priced personal computers, but cost cuts helped the company's profit meet Wall Street forecasts.
Facebook lets users comment on new terms of service
Facebook Inc is asking its members to help shape its governance policies after drawing their ire for a policy change that many perceived as being overbearing and potentially compromising privacy.
Obama makes 'green' energy a Federal budget priority
President Barack Obama expects that the government will begin receiving $15 billion a year starting in 2012 from the auction of carbon pollution permits to support the development of renewable energy technologies as his administration emphasizes the need to build an economy powered by clean and safe energy.
Obama budget sinks stocks as health sector slumps
Stocks fell in volatile trade on Thursday as investors sold off shares of healthcare companies such as Merck & Co on worries that President Obama's budget proposal will strangle profits.
Health sector losses take Wall Street lower
Stocks fell in volatile trade on Thursday as investors sold off shares of healthcare companies such as Merck & Co on worries that President Obama's budget proposal will strangle profits.
Dell revenue slides
Dell Inc reported fourth quarter earnings on Thursday.
Oil jumps 6 percent on OPEC, U.S. demand
U.S. oil prices jumped more than 6 percent to above $45 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States.
AIG and U.S. government discuss easing aid terms: source
The U.S. government may agree to finance some buyers of American International Group Inc businesses, take stakes in assets and ease terms of its aid to the insurer, a person familiar with the matter said on Thursday.
Wall Street falls, taken lower by healthcare
Stocks fell on Thursday as investors sold off healthcare shares on worries that President Obama's budget proposal will sap industry profits.
U.S. Internet firms defend tighter Web management
Internet service providers like AT&T Inc are making greater efforts to manage traffic on their networks as they seek ways to avoid congestion caused by bandwidth-hogging services like video, industry officials said on Thursday.
Yahoo CEO reorganizes company
Yahoo Chief Executive Carol Bartz on Thursday took the wraps off a broad reorganization plan designed to dismantle what she called the silos that had slowed down the Internet company.