Presidential hopeful Rick Perry's brash appeal to the Republican Party's fiscally conservative base may fall flat with big donors who favor a more moderate candidate to challenge President Barack Obama in the 2012 election.
Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in 2008 were intentionally leaked by a U.S. senator, sparking broader concern about industry confidentiality as Congress moves on Wall Street reform.
Oil trading data that exposed the extensive positions speculators held in the run-up to record high prices in 2008 were intentionally leaked by a U.S. senator, sparking broader concern about industry confidentiality as Congress moves on Wall Street reform.
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.
Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.
By the complaints coming from Washington, you might think that the Standard & Poor's credit rating service is a big headache for its owner, the McGraw-Hill Companies Inc .
Star bond fund manager Jeffrey Gundlach did not instruct anyone to copy analytic systems from his former employer, Trust Company of the West, but did devise a "defensive plan" in the event he would be fired, he testified in court.
Former employees of elite Wall Street firms are triumphing over their previous investment banks in Google Inc's blockbuster $12.5 billion deal to buy Motorola Mobility Holdings Inc.
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.
As a U.S. economic rebound stalls and threatens to spiral into a new recession, oil demand in the world's top consumer may be slipping into an irreversible decline.
Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc., lost about $52 million of his personal wealth this month.
The top pre-market NASDAQ Stock Market gainers are: MannKind, NVIDIA, Red Robin Gourmet Burgers, Logitech International, and SodaStream International. The top pre-market NASDAQ Stock Market losers are: Sky-mobi, A123 Systems, Golar LNG, Entegris, and Infosys Technologies.
Mining company European Goldfields, which secured a long-awaited Greek permit last month, posted a narrower pretax loss for the second quarter and said it had made "major progress" with its Olympias project, on track for first production next year.
Here is a look at some of the top donors to election campaigns for the 12 members of the U.S. Congress named to a deficit-fighting "super committee."
New China Life, the third-largest life insurance company in China, has filed its listing application with the Hong Kong stock exchange, setting the stage for a planned IPO of up to $4 billion in Hong Kong and Shanghai, sources with direct knowledge of the plans told Reuters on Thursday.
The shares of Bank of America Corp (BAC.N), Citigroup Inc (C.N), Goldman Sachs Group Inc (GS.N) and Morgan Stanley (MS.N) skidded on Wednesday, renewing evidence that when the market sneezes financial stocks get pneumonia.
Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector.
The Treasury Department may be playing undertaker to the underwriter.
World shares regained some ground Wednesday after investors were comforted by the Fed's pledge to keep interest rates near zero for two more years. Despite this, losses on Wall Street ran rampant.
World shares clawed back more ground on Wednesday as investors rattled by a run of heavy losses took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years.
American International Group Inc is suing Bank of America Corp to recover more than $10 billion over a "massive fraud" on mortgage debt, deepening the litigation morass facing the largest U.S. bank.