Toyota Motor Corp will sell its brokerage unit to Tokai Tokyo Financial Holdings Inc as part of efforts to consolidate resources into automobile operations, the Nikkei business daily reported.
Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.
Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.
Mexico's Cemex, the world's No. 3 cement maker, sealed a $1.8 billion share offer on strong demand on Tuesday in a sign of investor optimism in the debt-laden company's recovery.
U.S. lawmaker Barney Frank is making key changes to the White House plan for an agency to protect consumers from risky financial products, according to a congressional document obtained by Reuters on Tuesday.
Stocks rose on Tuesday, as investors bet the U.S. Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
Stocks rose on Tuesday, as investors bet the Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
U.S. stocks rose on Tuesday as strong commodity prices and a weak dollar before a Federal Reserve meeting gave a boost to Wall Street.
Economy Reviving; Obama's Global Climate Push; Banks Fined Over IPO
A U.S. regulator ordered Citigroup Inc, UBS AG and Deutsche Bank AG to pay up to $845,000 in fines and restitution because of communications breakdowns related to the 2006 initial public offering of Vonage Holdings Corp.
U.S. stocks rose slightly on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.
U.S. stocks rose slightly on Monday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.
U.S. stock index futures pointed to a higher open for Wall Street on Tuesday as the U.S. dollar hit a 1-year low against the euro ahead of the start of a Federal Reserve policy meeting, boosting oil and metals prices.
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
Singapore's largest sovereign wealth fund GIC said on Tuesday it had halved its stake in Citigroup to below 5 percent, making a profit of $1.6 billion as global equity markets rebound.
Stock futures pointed to a higher opening on Wall Street on Tuesday, with futures for the S&P 500 up 0.7 percent, Dow Jones futures up 0.6 percent and Nasdaq 100 futures up 0.7 percent at 4:56 a.m. EDT.
Fed Takes Role on Pay; Citi Draws a Line; Airbus Sees Tough Years
Citigroup Chief Executive Vikram Pandit said on Thursday that $100 million is too much for an employee to earn given the bank's circumstances.
Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.
British private equity firm Terra Firma Capital Partners Ltd is improving results at EMI, but said it might have paid too much money for the debt-laden home of the Beatles and Coldplay.
Ladder Capital Realty Finance Inc, a prospective real estate investment trust, set the terms on Thursday for its planned $400 million initial public offering.
American Airlines parent AMR Corp said on Thursday that it had bolstered its liquidity and planned to take steps that include buying new planes in a bid to return to profitability.
