U.S. stocks climbed on Monday, rallying in the first session of the new year, after data showed the manufacturing sector expanded for the fifth straight month and a brokerage upgrade of Intel helped lift semiconductor stocks.
Anglo-French property investor Hammerson said on Monday it has sold a Paris office building to a client of Invesco for 84.5 million euros, about 14 percent below book value.
A U.S. judge on Monday rejected a request to consider reducing the prison sentence of a key informant in the tax fraud case against Swiss bank UBS AG, and he ordered former UBS banker Bradley Birkenfeld to start serving his 40-month sentence as scheduled this Friday.
Financial markets kicked off 2010 on an upbeat note on Monday with world stocks driven close to 15-month highs by hopes of a sustainable economic recovery.
The U.S. Justice Department is considering whether to ask a judge to reduce the jail sentence of Bradley Birkenfeld, the key informant in the U.S. tax fraud case against Swiss bank UBS AG, the New York Times said, citing a person briefed on the matter.
Novartis seeks tighter Alcon grip; Whistleblower reprieve? Asian factories rise
U.S. stock index futures rose on Monday, as crude oil prices rose on jitters over an oil dispute between Russia and Belarus and as Novartis moved to buy eye care group Alcon in a $39 billion deal.
The Tokyo Stock Exchange successfully launched a high-speed trading system on Monday to better compete with major global rivals in the growing field of automated trading.
Veteran investor Martin Whitman will relinquish his role as Third Avenue Management LLC's co-chief investment officer, the Wall Street Journal reported on Monday.
The Tokyo Stock Exchange launched an accelerated trading system on Monday to better compete with major global rivals in the growing field of high-speed trading.
Former Citigroup Chief Executive Sanford Weill blamed the bank's problems on personnel decisions and faulted his successor, Chuck Prince, for letting its balance sheet balloon and taking on large risks, according to the New York Times, citing a series of recent interviews.
Shinsei Bank and Aozora Bank may have their planned merger delayed, due to difficulty integrating systems and depending on the outcome of an inspection by Japan's financial regulator, the Nikkei newspaper said.
The Tokyo Stock Exchange, Asia's largest equities bourse, said it would go ahead with the launch of its new trading system as planned on Monday after running final checks.
Italian confectioner Ferrero has met with private equity firms as well as Hershey Co to discuss a possible bid for Britain's Cadbury Plc , Il Sole 24 Ore daily reported on Saturday.
Hedge funds making big bets on currencies, commodities and equities are favoured by fund selectors in what is likely to be a more testing 2010 after a bumper year for hedge fund returns.
Kohlberg Capital Corp has been sued by a Michigan investor who said the investment company taken public in 2006 by a firm affiliated with buyout specialist Jerome Kohlberg fraudulently misstated the value of its portfolio.
U.S. stocks ended 2009 on Thursday with their best gains since 2003, driven by optimism about the economy's recovery and a brighter outlook for profits.
For hedge funds, 2009 will be remembered as one of the industry's best ever -- a year when managers delivered strong gains after 2008's drubbing and investors returned to the fray with new money.
For hedge funds, 2009 will be remembered as one of the industry's best ever -- a year when managers delivered strong gains after 2008's drubbing and investors returned to the fray with new money.
Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.
Wells Fargo & Co said on Thursday it gave Chief Executive John Stumpf and three other top executives stock payouts worth a total of about $25 million, but it said none of these executives will receive a cash bonus for 2009.
Digital Realty Trust Inc (DLR.N) said it, along with its operating partnership Digital Realty Trust L.P., plans to raise up to $400 million through sale of its common shares.