American International Group Inc turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize.
President Barack Obama said U.S. authorities were investigating the cause of a nearly 1,000-point plunge in the Dow Jones industrial average that spooked investors and fueled anger at Wall Street.
U.S. authorities on Friday were investigating the cause of a nearly 1,000-point plunge in the Dow Jones industrial average that left many investors gasping.
U.S. stock index futures rose on Friday, with shares set to rebound after a steep fall in the previous session and ahead of a report expected to show the U.S. economy added more jobs last month.
U.S. stock index futures rose on Friday, with shares set to rebound after a steep fall in the previous session and ahead of a report expected to show the U.S. economy added more jobs last month.
Gold prices eased in Asian trade Friday, after an overnight surge, as investors turned to profit booking. Gold for immediate delivery was seen trading at $ 1206.71 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1,200.40at the same time.
A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.
Initial public offerings around the world are being canceled as fear over Greece's deepening debt crisis and a sudden drop in U.S. stocks on Thursday rattled markets.
A spine-chilling slide of nearly 1,000 points in the Dow Jones Industrial Average, its biggest intraday points drop ever, led to heightened calls for a crackdown on computer-driven high-frequency trading.
Thursday's sharp sell-off in U.S. stocks was sparked by nothing more than too many traders betting on energy, equity and metals markets going higher that then popped in a cascade of stop-loss selling, a hedge fund manager said.
Three big private equity firms have teamed up to bid for Fidelity National Information Services Inc , sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit.
Three big private equity firms are in talks to buy Fidelity National Information Services Inc , sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit.
It's axiomatic on Wall Street that summer is a bummer. Stocks tend to do well in the winter and spring, and then go cold when the weather gets hot.
Warner Music Group, the world's third largest music company, posted a narrower-than-expected quarterly loss on Thursday as growth in digital services overshadowed the decline in music CD sales.
The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.
Stocks sagged on Wednesday as more signs emerged that the fallout from the Greek debt crisis could spread to bigger European economies.
Bear Stearns' appetite for risk and lack of foresight were criticized at a hearing into the roots of the financial crisis, where former executives argued the firm's collapse was due to events beyond their control.
Bear Stearns appetite for risk was questioned at a hearing into the roots of the financial crisis, where former executives testified that the firm's collapse was due to events beyond their control.
Gold prices retreated on Tuesday from five-month highs above $1,190 hit earlier in the day, as its safe-haven status was dented by Spain's dismissal of rumors the country needed 280 billion euros ($372.9 billion) of aid.
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
Silver Lake and Warburg Pincus are to buy financial data provider Interactive Data for $3.4 billion in cash, including a $2 billion payment to majority owner Pearson which it will use to expand.
U.S. stocks were set for a sharply lower open on Tuesday as Greece's debt problems continued to rattle investors and after a broad rally in the previous session that took the S&P 500 to its biggest day in two months.
