Stocks fell on Friday, with the Dow industrials and the S&P 500 set for their fourth weekly drop, after Chevron's warning about its second-quarter results prompted investors to sell some energy shares.
U.S. stocks dropped on Friday on jitters that an economic recovery and corporate profits will be anemic, underscored by a Chevron warning about second-quarter results and a tumble in oil futures.
The Dow industrials and S&P 500 dropped on Friday on jitters that an economic recovery and corporate profits will be anemic after Chevron warned about second-quarter results and oil futures tumbled.
Wall Street was poised for a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.
U.S. stock index futures pointed to a lower open on Friday after Chevron warned about second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.
Treasury Secretary Timothy Geithner is set to propose on Friday giving securities and futures regulators authority to police the over-the-counter derivatives market, according to a document obtained by Reuters.
U.S. stock index futures pointed to a lower open on Friday after Chevron Corp warned about its second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.
U.S. Treasury Secretary Timothy Geithner is set to propose on Friday giving securities and futures regulators authority to police the over-the-counter derivatives market, according to a document obtained by Reuters.
Citadel Investment Group, one of the world's most successful hedge fund firms, sued a former top executive in its highly successful quantitative trading unit and two others for setting up their own firm.
Stocks edged higher on Thursday as investors bought beaten-down technology and commodity shares, while a positive broker comment on Goldman Sachs boosted the financial sector.
U.S. stocks rose on Thursday as investors snapped up beaten-down technology and commodity shares, while a positive broker comment on Goldman Sachs boosted the financial sector.
American International Group Inc , the insurer rescued by a series of federal bailouts, may have zero equity value due to the risk of more credit default swap losses and the disposal of key assets at low valuations, Citigroup said.
The purported theft of a Goldman Sachs trading platform threatens to cost it millions of dollars, a prosecutor told a court, but so far the bank has not reported damage to its business.
Credid Card Mess; Senate's Climate Debate; Auto Shakeout Spreads
U.S. credit card delinquencies reach all-time high
Consumers are increasingly failing to meet credit card payments as they battle high unemployment rates and a shrinking economy which has left many cash strapped. Delinquencies on the value of all card debt soared to a record 6.60 percent from 5.52 percent in the fourth quarter.
A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said Monday.
Mortgages Warning, Unfriendly Skies, New GM near reality
Japan's Nomura Holdings plans to launch a global prime brokerage business by September as the financial crisis has created room for new players to serve hedge funds, a senior executive said on Monday.
A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said on Monday.
More mortgage losses expected
Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market. According to a S&P report the more dire assessment is likely to significantly impact bonds originally carrying AAA ratings.
A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.
A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.
