Captains of Google, Bank of America and Citicorp say they are ready to pay higher taxes, as long as Congress uses the money to get the U.S. economy back on its feet.
U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.
Citi clients who hold the EZ Checking account will be charged $15 per month if they fail to maintain a minimum balance of $6,000
Stocks were little changed on Wednesday as European finance ministers appeared ready to prop up struggling banks while reports on the U.S. labor market and services sector came in stronger than expected.
Major U.S. corporations often increase executive pay to ensure it is higher than the median in their industry, according to a report.
The top pre-market NASDAQ Stock Market gainers are: SunPower, SodaStream International, Yahoo, Netflix, and LM Ericsson Telephone. The top pre-market NASDAQ Stock Market losers are: Human Genome Sciences, Savient Pharmaceuticals, ATP Oil & Gas, Century Aluminum, and JDS Uniphase.
Large U.S. bank stocks fell sharply on Monday on concerns that lenders like Citigroup Inc and Morgan Stanley may face more earnings setbacks from the debt crisis in Europe.
Bank of America Corp shares fell nearly 8 percent to their lowest level since March 2009 as investors worried that a slowing domestic economy and European debt woes would batter it and other banks.
Hong Kong's securities regulator has fined Citigroup HK$6 million ($770,000) for failing to report a Ponzi scheme involving one of its former employees.
Citigroup is being investigated by Japanese regulators for possible infractions related to its marketing of financial products and could face its third major punishment in Japan in 7 years, a source with knowledge of the matter said.
The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc. and its directors of misrepresenting or failing to disclose Citi's exposure to toxic mortgage assets and its own solvency.
A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc and its directors of misrepresenting or failing to disclose Citi's exposure to toxic mortgage assets and its own solvency.
The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
Erin Burnett is not only anticipating the premiere of her CNN show, OutFront, but also her wedding to fiance David Rubulotta.
Citigroup CEO Vikram Pandit said the current turmoil in the global financial markets will not be a repeat of the 2008 downturn, Singapore newspapers reported on Friday.
The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.
Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday.
Bank of America will charge debit-card users $5 a month in response to new federal regulations that could cost the company up to $2 billion in annual revenue, it announced on Thursday.
Raymond James Financial Inc will pay more than $2.1 million to resolve claims by brokerage watchdog FINRA that the regional brokerage charged excessive commissions on trades to nearly 16,000 accounts, FINRA announced on Thursday.
The Dow and S&P 500 rose on Thursday on stronger-than-expected economic data and German lawmakers' approval to strengthen the euro zone's crisis fund, while big-cap Internet shares dragged on the Nasdaq.
Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?
