Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.
U.S. consumer prices rose modestly last month, while new home building bounced back from an October slump, suggesting inflation is not yet a concern even as the economy's recovery moves forward.
U.S. stocks rose on Wednesday as a benign reading on the November Consumer Price Index bolstered expectations that the Federal Reserve will keep its accommodative monetary stance to foster an economic recovery.
Wall Street was set to rise at the open on Wednesday after data showed consumer prices did not overheat in November, quelling inflation worries ahead of a statement from the Federal Reserve that will be scrutinized for clues on the state of the world's largest economy.
Refrigerated warehouse company Americold Realty Trust filed for an initial public offering worth $690 million on Monday.
Terreno Realty Corp on Monday filed for an initial public offering in a move that would let it profit from the economic recession and tight credit.
Tisha Taylor Murphy, the wife of comedian and actor Charlie Murphy, passed away last night in the couple's home in New Jersey according to reports from mediatakeout.com.
U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.
Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.
A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal, admitted in court on Friday to fabricating client account statements and overstating asset values by hundreds of millions of dollars.
A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal, pleaded guilty in court on Friday to charges of bilking investors of an estimated $150 million.
The Dow cut early gains on Friday, pressured by strength in the U.S. dollar, while declines in shares of large cap technology companies dragged the Nasdaq into the red.
Investor Carl Icahn said on Friday that he bought the first lien bank debt of Trump Entertainment Resorts (TRMPQ.PK) and planned to team up with Beal Bank to present a restructuring plan for the bankrupt casino operator.
Entertainers came out full of holiday spirit on a freezing afternoon at the New York Stock Exchange Tree Lighting ceremony on Thursday.
Prudential Financial Inc's sale of its stake in a brokerage joint venture is on schedule to close next month and is expected to give its capital position a significant lift, the company said on Thursday.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October indicated the economy remained firmly on a steady growth path.
U.S. households' net worth rose $2.7 trillion to $53.4 trillion in the third quarter for a second straight quarterly advance, Federal Reserve data showed on Thursday, which may boost consumers' confidence to spend.
Prudential Financial Inc's sale of its stake in a brokerage joint venture is on
schedule to close next month and is expected to give its capital position a significant lift, the company said on Thursday.
The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October indicated the economy remained firmly on a steady growth path.
Stocks advanced on Thursday as data showed continuing claims for jobless benefits fell while the trade gap unexpectedly narrowed for October, which should provide a lift to the economy.
The dollar fell against the euro for the second straight day on Thursday after a narrower-than-expected U.S. trade deficit for October and some improvement in jobless claims, reducing safe-haven demand for the greenback.
Bruce Springsteen has come out in support of gay marriage in his home state of New Jersey, where a marriage equality bill will go to vote this week. The rocker released a statement via his official Web site Wednesday backing the legislation.