Hype about the swine flu vaccines, pent-up demand for cash and a push by major drugmakers to boost their flagging research pipelines has helped lift biotechnology fund-raising 36 percent so far this year.
Stock futures rose on Tuesday on renewed hopes for a global economic recovery after Australia raised interest rates and in anticipation of the start of an improved earnings season.
A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal Reserve President William Dudley said on Monday.
Stocks rose on Monday, ending a four-day losing streak as data showed the services sector expanded for the first time since August 2008 and optimism about upcoming earnings took hold.
Stocks snapped a four-day losing streak on Monday, after a broker issued a bullish call on big banks and as data showed the services sector expanded for the first time since August 2008.
Stocks rose on Monday as data showed the services sector expanded after about a year of contraction and on positive broker comments on big bank stocks.
Goldman Politics; Impressions Off the Mark; New Buyer for Volvo?
Goldman Sachs Group Inc, legendary for its clout in Washington, has inexplicably halted its political fund-raising machine.
Stocks were headed for an opening bounce on Monday, with investors scooping up shares beaten down in last week's selloff, while a report that Brocade Communications Systems Inc put itself up for sale may fan deal optimism.
Stock index futures rose on Monday, with investors poised to scoop up shares beaten down in last week's sell-off, while a report that Brocade Communications Systems Inc put itself up for sale may fan deal optimism.
Goldman Sachs Group Inc (GS.N) and Vanguard Group Inc are among U.S. companies opposed to rules proposed by U.S. regulators to limit short selling, according to letters filed by the companies.
South Korea's No.4 banking group Hana Financial, whose two biggest shareholders are Singapore wealth fund Temasek and Goldman Sachs, said it may raise capital via a new share sale, fuelling talk of financial sector consolidation and knocking Hana's shares down almost 15 percent.
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
Goldman Sachs Group Inc would be due a $1 billion payment if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, the Financial Times reported on Sunday, citing people familiar with the matter.
Education Management Corp rose 20.9 percent in its first day of trading on the Nasdaq on Friday, above average for a U.S. initial public offering this year.
Mexican construction company ICA and partner Goldman Sachs placed a package of toll highways on the stock market on Friday, the first use of a new investment vehicle meant to boost financing for infrastructure projects.
West Corp, an operator of call centers and conference calls, filed plans on Friday to raise as much as $500 million in an initial public offering.
Weakness in miners and financials dragged Britain's top share index 0.9 percent lower by midday on Friday, as weak data this week increased investors' concerns, denting risky assets ahead of U.S. non-farm payrolls data.
Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Merrill Lynch last year that had become a major distraction for the biggest U.S. bank.
The London Stock Exchange said it has entered into exclusive talks with low-cost trading platform Turquoise Trading Ltd., as rising competition forces trading houses to consolidate.
