INVESTMENT

Israeli holding company IDB Holding Corp said on Saturday it was close to signing a deal to acquire from HSBC the bank's headquarters in Manhattan for $330 million.

Federal Reserve Chair Ben Bernanke made a case to Congress on Thursday that the Fed needed additional powers to oversee banks, insurance companies, hedge funds, and others. He also admitted that the Fed hasn’t done a good job protecting consumers but said improvements are being made.

The United Nations scientist whose report set the global standard for climate change sees biofuels as a good investment bet and advised on Friday that people eat less meat to help curb global warming.

A former JPMorgan Chase & Co Inc employee sued the bank on Friday, accusing it of firing him after he uncovered what he said were schemes to overstate the value of bank assets, court documents showed.

Financial officials of the Group of Seven rich nations, which dominated global policymaking for decades, were set Saturday to discuss a diminished future for their group as it grappled with tensions over currency rates.

Stanford University is looking to sell as much as $1 billion worth of investments including private equity investments, real estate and timberlands, the Wall Street Journal reported, citing unnamed people familiar with the matter.

Stocks fell for the fourth straight day on Friday as weak jobs data gave more evidence the economic recovery would be less robust than expected.

Investors worldwide poured $25.9 billion into clean energy in the last three months, down 9 percent from $28.6 billion in the second quarter, analysts at research group New Energy Finance said on Friday.

West Corp, an operator of call centers and conference calls, filed plans on Friday to raise as much as $500 million in an initial public offering.

Julius Baer has emerged as the frontrunner to acquire Dutch ING's Swiss private banking assets, two people familiar with the matter said, and a deal could be announced as early as next week.

As the largest initial public offering on a U.S. exchange in 18 months, the closely watched share sale of Banco Santander (Brasil) will likely attract plenty of demand next week even as some investors balk at the price of the stock.

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

Switzerland's two large banks, UBS and Credit Suisse, could weather a severe deterioration of the economy, Swiss banking regulator FINMA said on Friday, publishing its conclusion from a stress test for the banks.

Kohlberg Kravis Roberts & Co is on the verge of catching up with private equity arch-rival Blackstone in having a share listing, more than two years after initially seeking to go public.

U.S. stock index futures slipped on Friday as cautious investors awaited a key report on labor market conditions after other data this week suggested the nascent economic recovery may be losing momentum.

U.S. stock index futures slipped on Friday as cautious investors awaited a key monthly employment report after other data this week suggested the nascent economic recovery may be losing momentum.

Weakness in miners and financials dragged Britain's top share index 0.9 percent lower by midday on Friday, as weak data this week increased investors' concerns, denting risky assets ahead of U.S. non-farm payrolls data.

Equity markets across the globe tumbled and the U.S. dollar broadly held firm on Friday as doubts grew about the pace of economic recovery and the week's major data on U.S. jobs loomed large.

Initial public offerings will rebound only in 2010, despite a pick-up in activity that some investors say signal a resurgence, the National Venture Capital Association said on Thursday.

The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength.