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AmEx sees hope, but bad loans plague sector

American Express Co raised hopes for a battered credit card industry after estimating that bad loans were easing, but analysts cautioned that the sector is not out of the woods yet.

Ex-NY broker testifies he and partner lied to clients

A former Credit Suisse broker testified on Thursday that he and his former business partner lied to corporate clients and sent them incorrect information in emails to cover up investments in risky debt.

Goldman Sachs' Cohen: New bull market has begun

U.S. stocks have entered a new bull market, and the S&P 500 index could rise as much as 10 percent from current levels by the end of this year, Goldman Sachs strategist Abby Joseph Cohen said on CNBC on Thursday.

Midday minute August 6 â€“ Finance

The first-time filings for state unemployment benefits declined by 38,000for the week ending August 1 to a seasonally adjusted 550,000, while the number of people who continued to collect regular benefits rose by 69,000 to a seasonally adjusted 6.31 million the prior week according to a Labor Department report released Thursday morning.

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Morgan Stanley pays $950 million for TARP warrants

Morgan Stanley said on Thursday it agreed to pay the U.S. Treasury $950 million to redeem warrants to buy its stock, freeing it from the government's bank bailout program.

Barclays investors seal BGI deal; pension protest

Barclays Plc shareholders are expected to comfortably approve the British bank's sale of asset manager Barclays Global Investors to BlackRock when they vote on the $13.5 billion deal on Thursday.

Aviva eyes over 1 billion euros in Delta Lloyd IPO: sources

British insurer Aviva Plc is likely to raise over 1 billion euros ($1.4 billion) in the planned flotation of its Dutch unit Delta Lloyd around October or November, people familiar with the matter said on Thursday.

Barclays says investors back BGI sale

British bank Barclays on Thursday said an overwhelming majority of its shareholders had approved the sale of investment management unit BGI to US fund manager Blackrock.

Wall Street set for higher open after jobs data

U.S. stocks were set to open higher on Thursday as a sharp fall in the number of U.S. workers filing new claims for jobless benefits spurred optimism about the labor market and the pace of an economic recovery.

China Metallurgical eyes $4 billion dual IPO: source

China Metallurgical Group plans to seek dual listings in Hong Kong and Shanghai as early as September to raise up to $4 billion, said sources with direct knowledge of the deal, which could be the world's second-largest fundraising this year.

Futures up; jobless claims data, earnings on tap

U.S. stock index futures rose on Thursday with investors eyeing a government report on weekly jobless claims and corporate earnings, one day after Wall Street ended a four-day rally.

Futures edge up ahead of jobless data

U.S. stock index futures edged slightly higher on Thursday with investors eyeing a government report on weekly jobless claims and more corporate earnings, one day after Wall Street ended a four-day rally,

Stock index futures signal gains; Cisco eyed

Stock index futures pointed to a higher opening on Wall Street on Thursday, with futures for the S&P 500 up 0.22 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.08 percent at 4:45 a.m. EDT.

Judge won't approve Bank of America, SEC settlement

A U.S. federal judge has refused to approve Monday's settlement between the U.S. Securities and Exchange Commission and Bank of America Corp related to the acquisition of Merrill Lynch & Co.

U.S. government queries Goldman about compensation

The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.

Wall Street hurt by data, but financials curb losses

U.S. stocks slipped on Wednesday after weak data on the services sector and private payrolls cooled recent optimism the recession was retreating, but the market finished off its lows as investors ventured into riskier financial shares.

Brazil bond, stock offers tumble 45 pct Jan-July

Brazilian stock and debt sales slumped 45 percent in the first seven months of 2009 as local capital markets reeled from the impact of the global credit crisis, the nation's securities industry association said on Wednesday.

Hyatt files for IPO of up to $1.15 bln

Global hotelier Hyatt Hotels Corp is seeking to raise up to $1.15 billion in an initial public offering, according to a regulatory filing on Wednesday.

Wall St hurt by data, but financials curb losses

Wall St hurt by data, but financials limit losses

Mid-Day Minute - August 5

Economy worries, Loan demand up, Ratings rejection

Government queries Goldman about compensation

The U.S. government has queried Goldman Sachs Group Inc about its compensation practices and credit derivative instruments, the firm said on Wednesday.

UBS tax deal details unlikely on Friday: sources

The United States and Switzerland are expected to reach a final settlement on Friday to end a tax row against giant UBS , but details of the deal won't be made public the same day, sources familiar with the situation said.

Midday minute August 5 â€“ Finance

Goldman Sachs Group Inc. said on Wednesday the government has queried its compensation practices and the use of credit derivatives. Goldman in July reported robust net earnings of $3.4 billion for the second quarter, soon after repaying a $10 billion bailout received from the U.S. Treasury's Troubled Asset Relief Program.

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