U.S. stocks were set to open slightly higher on Monday, boosted by merger news and rising metals prices as investors bet on a stronger global economy.
Mega-banks will have to pay more for U.S. deposit insurance under a new regulation set for final approval on Monday as the government advances a boatload of financial oversight changes.
The companies whose shares are moving in pre-market trade on Monday are: Bristol Myers Squibb, Chesapeake Energy, Sprint Nextel, Valero Energy, Bank of America, Aetna, Verizon Communications, Weyerhaeuser, Nvidia and Corning.
Afghanistan's central bank expects an Islamic banking law to be enacted by September, drawing billions in deposits from citizens wary of the conventional banking system, a senior official said.
Citigroup on Tuesday swooped in to take control of EMI, a blow to the music company's private equity owner which had fought a long battle to keep hold of the debt-ridden label.
British carpet and floor covering retailer Carpetright Plc said it expects full-year profits to be below last year and below market expectations, citing lower third quarter sales due to adverse weather conditions and fragile consumer confidence.
British music company EMI Group said that Citigroup Inc. (NYSE: C) has seized control of the company from struggling financier Guy Hands, in a move that it will probably lead to the sale of EMI.
Gold Bullion prices failed to rally from last night's tumble in Asian and London trade on Friday, extending the month's sharp losses and hitting to four-month lows in the US Dollar and six-month lows against the Swiss Franc and commodity currency Aussie and Canadian Dollars.
Hedge-fund manager John Paulson made a profit of more than $5 billion personally last year which is likely the largest single-year gain in investing history, says a media report.
Bank of America Corp may give some investment bankers a greater share of their bonus payments in cash for 2010 compared to the previous year, the Wall Street Journal said, citing people familiar with the situation.
The U.S. Treasury could sell all of its stock in General Motors Co. within the next year, the Wall Street Journal reports, citing an unidentified Treasury official.
The U.S. Treasury Department said on Wednesday that it will take in $312.21 million from the sale of two groups of warrants in Citigroup Inc .
The U.S. Treasury Department said on Wednesday that it will take in $312.21 million from the sale of two groups of warrants in Citigroup Inc .
High expectations and the somewhat difficult task to maintain rapid growth have analysts concerned about Netflix's lofty stock price.
The Treasury Department said on Wednesday it will take in $312.21 million from the sale of two groups of warrants in Citigroup Inc , shedding the last of its direct holdings at a profit two years after spending $45 billion to prop the bank up.
Americans' trust in institutions of all kinds dropped last year as persistently high unemployment sapped people's confidence in business and government, a newly released study found.
Both Bush and Clinton Adminstrations were at fault, as well as former Fed Chairman Alan Greenspan and current Treasury Secretary Timothy Geithner, as well as former Treasury chief Henry Paulson, says inquiry
Stock index futures edged higher on Wednesday, hours after U.S. President Barack Obama called for a lower corporate tax rate to boost the economy, but a drop in Boeing's profit limited gains.
Firm's big bet on Citigroup pays off with a $1 billion gain.
Billionaire investor John Paulson's bet that the economy will rebound paid off handsomely last year when his hedge fund clients earned about $1 billion on his Citigroup Inc stake.
Stock index futures pointed to a modestly lower open on Tuesday as a slew of corporate earnings failed to persuade investors to add to the previous session's gains.
The companies that reported earnings after the markets close on Monday are: Texas Instruments, Amgen, VMware, CSX, American Express, STMicroelectronics, Crane, Sanmina-SCI, Jacobs Engineering, Albemarle...
