Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
(Corrects value in second sub-head to $40 bln, not $40 mln)
With BP poised to move on from the Gulf oil spill with a new chief executive, the beleaguered London-based company might look attractive to Middle East sovereign wealth funds after all. It would be a parting legacy from outgoing CEO Tony Hayward if his efforts earlier this month to court the funds in Abu Dhabi and other oil-producing countries were to bear fruit.
An obscure corner of the stock market is giving strong warning signs even as the broader equity and corporate bond markets rally.
The court-appointed examiner investigating Tribune Co's bankruptcy said he found some evidence of dishonesty in the 2007 leveraged buyout of the media company by real estate developer Sam Zell.
Goldman Sachs on Tuesday said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes.
Goldman Sachs on Tuesday said it is launching a service to facilitate central clearing for clients in all listed and privately traded derivatives asset classes.
Office Depot Inc reported a smaller-than-expected quarterly loss on lower distribution costs and other expense controls, sending shares of the No. 2 U.S. office supplies retailer up 8 percent.
UBS flagged a return to client inflows this year as strong equities and forex trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by Europe's sovereign debt crisis.
Over one-third of investors expect Europe's banks to raise significant capital in the next six months following a health check that forced little fundraising but showed up some weak spots, according to a survey.
The court-appointed examiner investigating Tribune Co's bankruptcy said he has found some evidence of dishonesty in the 2007 leveraged buyout of the company, court documents showed.
Almost two-thirds of investors expect Europe's banks to raise significant capital in the next year following a health check that forced little fundraising but showed up some weak spots, according to a survey.
Upbeat corporate results from both sides of the Atlantic lifted U.S. stock index futures on Tuesday, setting up Wall Street for a fourth straight day of gains.
UBS flagged a return to client inflows by year-end as strong equities and currency trading gains helped it outdo Deutsche Bank and other rivals, which were hit hard by the European sovereign debt crisis.
Upbeat corporate results from both sides of the Atlantic lifted U.S. stock index futures on Tuesday, setting up Wall Street for a fourth straight day of gains.
Biotechnology company Genzyme Corp is weighing an informal takeover approach from France's Sanofi-Aventis but is not looking to sell the company, a source familiar with the situation said on Monday.
The U.S. Securities and Exchange Commission said Goldman Sachs Group Inc will be allowed to continue to issue securities after settling civil fraud charges earlier this month, according to a letter posted to its website on Monday.
Stocks advanced on Monday after a rosy outlook from FedEx and strong home sales data fueled optimism, helping the S&P 500 stay above a key resistance level that could confirm Wall Street may be back in bullish mode.
Daily foreign exchange trading turnover in London, Tokyo and New York soared in the latest year, bouncing back sharply from a crisis-induced decline, data released on Monday showed.
Average daily volume in Britain jumped to $1.747 trillion in the year to April 2010, up 31 percent, the Bank of England said. It rose 15 percent compared with volume in October 2009.
Gold gained on Monday on bargain hunting and purchases from jewelers but investors were on the sidelines after a European bank stress test showed few surprises and failed to spur safe-haven buying last week.
Platinum rose to its strongest in nearly a month on fund buying driven by gains in equities. Asian shares rose as solid U.S. corporate earnings and strong euro zone data offset growing skepticism the banks were not rigorously examined.
Wall Street enters next week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of this week.
Wall Street enters next week on the cusp of a breakout in U.S. stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of this week.
