A federal judge rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where AIG believed the case belonged.
Are banks beyond repair? The largest U.S. financial companies did little to answer that question, delivering a mixed bag of quarterly results.
Occupy Wall Street has spawned Occupy Museums, a new offshoot that is targeting the temples of cultural elitism, New York's museums.
For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Driven by the rise of Brazil, China, India and other fast-growing economies, the global commodities boom has turbocharged profits at the world's biggest trading houses.
Groupon is finally moving forward with its IPO, which was filed back on June 2. The company has solved some of its profitability and sustainability issues, but is it enough?
The conglomerate will divide itself into a medical products firm (which will retain the “Abbott” name) and an as-yet-unnamed pharmaceutical research & development entity.
Occupy Wall Street has camped out at Zucotti Park in Lower Manhattan for weeks, but it probably isn't reaching as many bankers as it could. Which could have something to do with the fact that finance is no longer the area's biggest tenant.
Jim O'Neill, chairman of Goldman Sachs Asset Management, is optimistic about the U.S. economy, according an interview he had with CNBC TV.
The California state attorney general's office subpoenaed Bank of America Corp this week regarding the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.
Some potential buyers of Yahoo Inc are balking at the Internet company's demands for confidentiality that would prevent them from discussing joint bids, according to several people close to the situation.
Some potential buyers of Yahoo Inc are balking at the Internet company's demands for confidentiality that would prevent them from discussing joint bids, according to several people close to the situation.
Some potential buyers of Yahoo Inc are balking at the Internet company's demands for confidentiality that would prevent them from discussing joint bids, according to several people close to the situation.
Morgan Stanley posted a surprisingly strong profit during a rough-and-tumble third quarter for Wall Street, helped by a large accounting gain and an increase in stock-trading revenue.
Morgan Stanley generated higher revenue from commodities in the third quarter by piling on more trading risks than rival Wall Street banks as oil, metals and grains prices swung wildly.
The Bank of Canada will keep rates on hold until the third quarter of next year amid slow global growth and the risk that Europe's debt crisis will linger on, according to a Reuters survey released on Tuesday.
European stock index futures jumped on Wednesday, tracking a rise in Asian shares, but a cut to Spain's sovereign credit rating from Moody's Investors Service kept investors' risk appetite in check.
U.S. bank executives are eager to buy back their stocks at depressed prices, but regulators appear to be reining them in, showing a clear disagreement over how risky the financial world is today and how much banks need to conserve capital.
Will Smith and his wife Jada Pinkett Smith are among the new group of owners of the Philadelphia 76ers. The new CEO Adam Aron has already announced several changes to ticket pricing that will make it more affordable and a Web site has been launched for soliciting fans' feedback.
Goldman Sachs Group Inc's bonuses are set to drop at least 20 percent this year and experts warn plunging revenue could push pay for the year even lower.
U.S. stocks soared on upbeat earnings from big banks and a report that Germany and France will endorse a gigantic bailout package for the Eurozone.
Dropbox was once sought after by Apple CEO Steve Jobs. The company denied Apple the sale and went on to build one of the most successful companies in Silicon Valley. Their most recent round of venture capital funding earned them $257.2 million.
Gawker posted Goldman Sachs CEO Lloyd Blankfein's cell phone number on its website, figuring the CEO might like some sympathy after revealing huge quarterly losses Oct. 18 to the tune of $428 million.
