U.S. prosecutors apparently made the mistake of giving wiretap recordings gathered against Galleon hedge fund insider trading defendants to securities regulators, legal briefs said, potentially compounding a fight over confidential evidence central to the case.
White House economic adviser Paul Volcker, whose star is rising in the Obama administration, will urge Congress on Tuesday to rein in risky investing by big banks, according to testimony obtained by Reuters.
White House economics adviser Paul Volcker will urge Congress on Tuesday to rein in risky investing by big banks to help prevent them becoming too big to fail, according to testimony obtained by Reuters.
U.S. stocks rose on Tuesday after encouraging earnings reports from United Parcel Service and D.R. Horton and as a rise in pending home sales helped calm fears of weakness in the housing market.
U.S. stocks rose on Monday in mid-day trading after manufacturers reported better than expected earnings this morning.
Former stock trader Zvi Goffer, dubbed Octopussy in the sprawling Galleon hedge fund insider trading case, pleaded not guilty on Tuesday along with six others to securities fraud charges.
Stocks rose to session highs on Tuesday as investors scooped up shares of big manufacturers, energy companies and major banks, including JPMorgan Chase .
Bank of New York Mellon said on Tuesday that it would buy an investment servicing unit from PNC Financial Services Group for $2.31 billion.
The property investment arm of Morgan Stanley (MS.N) is in final talks to sell a Chinese apartment complex to a unit of Singapore's Keppel Land (KLAN.SI), sources close to the deal said on Tuesday.
White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as too big to fail, according to testimony obtained by Reuters on Monday.
Stock index futures pointed to a lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.27 percent, Dow Jones futures down 0.23 percent and Nasdaq 100 futures down 0.23 percent.
White House adviser Paul Volcker will urge Congress to curb the risks taken by large banks to help prevent them from being treated as too big to fail, according to testimony obtained by Reuters on Monday.
After a bullish session for the U.S. stock market, broad trends mostly continued in after-hours trading.
Goldman Sachs Group Inc is likely to slash its chief executive's bonus from the record $67.9 million he got two years ago, but Lloyd Blankfein's pay package could still fuel criticism the bank has been tone deaf in its approach to the financial crisis.
Citigroup Inc plans to sell or spin-off its $10 billion Citi Private Equity unit in order to cut its debt, Bloomberg reported on Sunday, citing people familiar with the matter.
JPMorgan Chase and Sempra Energy may carve up commodities venture RBS Sempra, people familiar with the matter said, as pressure on U.S. banks to limit proprietary trading forces JPMorgan to rethink its plans.
Global stock markets shook off declines early in the Asian session as commodities firms lead the rally.
Stock index futures rose on Monday after closing their worst month in nearly a year and as investors digested President Barack Obama's budget plans and awaited earnings from Exxon Mobil Corp .
Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.42 percent, Dow Jones futures up 0.53 percent and Nasdaq 100 futures up 0.36 percent at 5 a.m. EST.
Shares in UBS fell to their lowest level since July on Monday after the justice minister underscored the risk to the Swiss economy should the bank's settlement of a U.S. tax dispute unravel.
World shares sank to a three-month low on Monday as concerns about Greece's debts and a reminder of the challenges China faces to curb inflation stung risk demand, helping push the dollar to a six-month high versus a currency basket.
Shares in UBS fell on Monday after the Swiss justice minister said the economy would suffer if the Swiss bank collapsed as a result of its unresolved U.S. tax dispute.
