Lenders for Hollywood studio Metro-Goldwyn-Mayer agreed to extend a debt forbearance to March 31, which gives the studio more time to find a buyer.
The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.
BlackRock Inc said on Friday that Kendrick Wilson, a former Treasury Department adviser and veteran investment banker, will join the world's biggest asset manager as vice chairman and member of the chairman's office.
The rating impact of recent Lehman Brothers court rulings in the English Court of Appeal and the U.S. Bankruptcy Court on existing structured finance ratings could be wide-ranging globally, Fitch Ratings said on Friday.
Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.
Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.
The U.S. economy grew more than expected in the last three months of 2009, growing at a better than expected annual rate of 5.7 percent in the fourth quarter, the U.S. government reported today.
Stock index futures pointed to a flat to higher open on Wall Street on Friday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.4 percent at 3:17 a.m..
McDonald's Corp. , the world's largest hamburger chain, said on Friday that it expects to boost its capital investment in China by about 25 percent in 2010.
Investor concern about tightening lending conditions in China and deteriorating finances in Greece and Japan led them to pull cash out of developed market equity funds for debt funds in the week ended January 27, fund tracker EPFR Global said late on Thursday.
Bank of America Corp's new chief executive, Brian Moynihan, will receive a base salary of $950,000 this year, according to a source familiar with his employment agreement.
Biogen Idec Inc said on Thursday it has received notice from billionaire investor Carl Icahn that he intends to nominate three people to its board as he seeks to expand his influence at one of the world's biggest biotech companies.
U.S. stocks were lower in mid-day trading on Thursday as technology stocks led the declines.
(Corrects quote in paragraph 5 to clarify Barry Ritholtz said Obama's speech could be a relief to some traders, not that he finds it a relief.)
Global investors cut back on equities in January in the face of worries about the economy, potentially tighter monetary policy and in reaction to last year's stellar gains.
Tech stocks dropped in morning trading on Thursday as financials struggled to keep gains, S&P 500 edges down.
Chinese real estate company IFM Investments Ltd priced its initial public offering at the bottom of a lowered range, an underwriter said on Wednesday.
Private equity firm Apollo Management founder Leon Black said on Wednesday he sees investment opportunities in commercial real estate, commodities, metals, energy and agriculture.
U.S. stock index futures were higher on Thursday in the wake of President Barack Obama's State of the Union speech, which had no new plans to tighten Wall Street oversight, and after strong results from Procter & Gamble and Ford.
Stocks rose on Wednesday after the U.S. Federal Reserve pledged to keep interest rates near zero and stock futures signaled more gains ahead after President Barack Obama struck a conciliatory tone on banks in his State of the Union speech.
The S&P 500 Index closed higher today, adding 5.33 points or 0.49 percent. It recovered to 1,097.50 from a downward spike minutes after the FOMC statement that took the index to a low of 1,083.11.
