Gold fell more than 1 percent Thursday, extending the previous session's losses, after the CME Group (CME.O) raised trading margins by the most in more than two and a half years to curb volatility.
Shares of the parent of online job board Monster.com are down nearly 70 percent this year, with most of that loss coming since early July. A company that once boasted a multi-billion dollar market valuation is now worth less than $1 billion.
As it prepares to launch its tablet, could Amazon buy Sony Ericsson to ease its path?
Beverage firms led Europe's top shares lower Wednesday, as mixed corporate results and cooling hopes over the prospect of further economic stimulus in the U.S. saw the recent rebound lose steam.
Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.
Miners helped Britain's bruised FTSE 100 stage a recovery on Monday, with Randgold Resources boosted by bullish gold prices and broker comment, and Anglo American up as it considered a bid for Australia's Macarthur Coal.
The U.S. Federal Reserve lent private banks about $1.2 trillion from 2007-2009 in order to maintain credit market liquidity, bank function, and prevent the U.S. economy from plunging in to a depression.
Billionaire Edgar Bronfman Jr is stepping down as chief executive of Warner Music Group Corp, the world's third-largest music company, just two months after the company was bought by Len Blavatnik's Access Industries.
Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.
Bank of America is cutting 3,500 jobs this quarter and working on a restructuring that could eliminate thousands of additional positions, the Wall Street Journal reported, adding to a slew of layoff by major banks.
Hewlett-Packard Co may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new tablet and buying British software company Autonomy Corp for as much as $11.7 billion.
Stocks tumbled more than 4 percent on Thursday after data pointed to a stalled economy and as bank shares sank on a report regulators were scrutinizing the U.S. units of big European lenders.
The Federal Reserve Bank of New York is intensifying its scrutiny of the U.S. units of Europe's biggest banks amid concerns that Europe's debt crisis could spill into the U.S. banking system, the Wall Street Journal reported citing sources familiar with the matter.
Thanks to lax regulations, debt collection often reverts to a Dickensian mode in countries like Indonesia.
Bank of America Corp may settle a state and federal probe of foreclosure practices in a deal that lets New York proceed with an inquiry into securitizations, Bloomberg reported citing two people with direct knowledge of the matter.
Allstate Corp
on Monday sued Goldman Sachs Group Inc , accusing the Wall Street bank of causing losses by hiding the risks more than $123 million of mortgage securities it bought.Google's $12.5 billion acquisition of Motorola Mobility had wide-ranging impacts on Monday, notably on technology stocks. Motorola Mobility (NYSE:MMI), Nokia (NYSE:NOK), and Research in Motion (NYSE:RIMM) all saw big stock price jumps during Monday's trading.
After a week of wild gyrations that saw the Dow Jones Industrial Average rise or fall 400 points on four consecutive days, there?s word that a major bank in France with a funny-sounding name may be in trouble. Further, if you think a possible problem at France's Societe Generale won?t affect the value of the U.S. stocks you own, think again.
The 2010 U.S. Health Care Reform Act will likely be decided by the U.S. Supreme Court in 2012, in a case that pits individual liberties concerns versus the U.S. Government?s authority to limit public health care costs via universal insurance. If the court hears the case by the spring 2012, it could issue a ruling in June 2012.
Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., lost about $52 million of his personal wealth this month.
Talk about inflation. In 1977, when English soccer club Liverpool sold two-time European player of the year Kevin Keegan to Hamburg they charged the German club a 500,000 pound transfer fee.
