The president of Goldman Sachs Group Inc said on Thursday that there is no indication that the investment bank is close to settling U.S. fraud charges with the Securities and Exchange Commission.
An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that contributed to the fund's demise in 2007.
Stocks fell on Wednesday in another late-day roller-coaster ride, dragged lower by BP and other energy shares as the U.S. probe of the oil spill in the Gulf of Mexico deepened.
Activist investor Carl Icahn has abandoned his proxy fight at Genzyme Corp in return for the biotechnology company's acceptance of two of his representatives to its board.
Activist investor Carl Icahn has abandoned his proxy fight at Genzyme Corp in return for the biotechnology company's acceptance of two of his representatives to its board.
Wells Fargo Advisors recently vaulted past Wall Street rivals to become one of the largest U.S. brokerages. Just don't tell its chief executive.
Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 down 0.39 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures down 0.36 percent at 0945 GMT.
Stocks mostly rose in volatile trading on Tuesday, led by materials and financial shares, but investors shied away from big-cap technology shares on concerns about their European exposure.
Stock index futures pared early gains on Tuesday, pointing to a mixed open as lingering fears over Europe's debt crisis hit the region's stocks and eclipsed soothing comments from Fed Chairman Ben Bernanke.
Employers in most economies are more likely to add workers than three months ago, including those in the United States, but big gains are limited to booming emerging economies like Brazil, India and China, according to a quarterly survey by Manpower Inc .
Marsh & McLennan Cos Inc agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for $1.13 billion, less than the amount the insurance broker paid for it six years ago.
Stocks fell on Monday, taking the S&P 500 to its lowest close in seven months, as industrials and technology shares fell and investors stayed on their heels after last week's payrolls figure discouraged buyers.
Stocks fell on Monday, led by industrials and technology as investors stayed on their heels after last week's payrolls figure discouraged buyers.
Stocks fell on Monday, led by industrials and technology as investors stayed on their heels after last week's payrolls figure discouraged buyers.
Stock index futures pointed to a lower open on Wall Street on Monday, adding to the previous session's strong sell-off, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.7 percent and Nasdaq 100 futures down 0.5 percent at 0755 GMT.
Hungary's government is considering the introduction of a special tax on banks and channelling private pension funds to the state system among options as it drafts its economic action plan, online news portal Index reported on Monday.
U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.
Stocks sank on Friday after the economy added fewer-than-expected jobs in May, while a possible new debt crisis in Hungary added to the gloom.
U.S. stocks fell 2 percent on Friday as a disappointing May payrolls report and another possible debt crisis, this time in Hungary, intensified fears about the stability of the economic recovery.
Stocks fell sharply on Friday after the May payrolls report showed private hiring was much lower than expected, raising fears about the strength of the economic recovery.
The Oracle of Omaha, for once, may have failed to impress his audience. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in fueling the financial crisis.
The Oracle of Omaha suddenly seemed short of answers. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in the financial crisis.
