Freeport Indonesia Strike Going into Third Month
Union workers at Freeport Indonesia are extending their strike into a third month, keeping production and exports halted from the world's second biggest copper mine.
Futures slide as euro zone fears persist
U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.
Bank of America Debit Card Backtrack Won't End More Fees
Even after Bank of America backed off its $5 monthly debit card fee, banks are still raising existing fees and tacking on new fees in order to garner additional revenue.
Super Committee Members' Campaign Contributors Are Major Lobbying Groups
Members of Congress' super committee responsible for slicing $1.2 trillion from the deficit have faced an intense lobbying push since being appointed to the 12-member panel, but they all have long histories of accepting money from the industries and special interest groups clamoring for a seat at the table.
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Manisha Girotra Quits UBS India
The head of India operations at UBS AG, Manisha Girotra, has resigned, according to an internal memo.
UBS India Head Resigns; Kamat Named New CEO: Memo
The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
American Express to Invest $100M in Start-ups
American Express Co. is launching a $100 million fund as a new multi-year program designed to help accelerate the company's digital transformation, as it tries to add consumers in new geographies and attract younger generations.
Yelp IPO Scheduled For Q1 2012: The Social Media Bubble Expands
Online reviews site Yelp intends to go public in the first quarter of 2012, and has hired Goldman Sachs and Citigroup to lead the IPO. The social tech bubble is expanding...
Tech IPOs: Will Groupon Tempt Facebook, Others Now?
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Goldman Faces Lawsuits Over $15.8 Billion in Mortgages
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
Post-Market NASDAQ Movers (SZYM, TRAK, AMED, CEDC, KOPN, LGCY, URBN, LLNW, ARRY, SVNT)
The top after-market NASDAQ stock market gainers are: Solazyme, DealerTrack Holdings, Amedisys, Central European Distribution, and Kopin. The top after-market NASDAQ stock market losers are: Legacy Reserves, Urban Outfitters, Limelight Networks, Array BioPharma, and Savient Pharmaceuticals.
Inflation, debt crisis hurt euro zone retail sales
Retail sales in the 17 countries sharing the euro fell more than expected in September despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession.
Markets Abandoning Hopes for Lasting Eurozone Solution
After another week of confusion and turmoil in Europe, investors are ditching whatever hopes they once had for a conclusive solution to the debt crisis.
Wall Street Rises on ADP Jobs Report, Fed on Tap
Stocks rebounded after two days of losses on Wednesday, aided by upbeat job market data as investors eyed a crisis meeting about Greece and a Federal Reserve policy session.
Allied Home Mortgage Sued for Fraud, Latest in Federal Claims
Prosecutors have filed a lawsuit against Allied Home Mortgage Capital Corp and its executives, Jim Hodge and Jeanne Stell, claiming that the company misled the federal Department of Housing and Urban Development (HUD) with bad mortgages.
Did Corzine's Risk-Taking Cripple MF Global?
In early April, Jon Corzine was in a tough spot. MF Global, the company he had run for the previous year, was about to post a fourth-quarter loss, marking its fourth successive fiscal year of red ink.
MF Global Seeks Sale, All Options on Table: Source
MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.
Before Insider-Trading Scandal, Rajat Gupta Was Role Model for India's Middle Class
Before Indra Nooyi became CEO of PepsiCo Inc. or Vikram Pandit took the reins at Citigroup Inc., there was Rajat Gupta, the original global Indian who was the first to head a major Western business.
Major Banks Reconsider Debit Card Fees
Bank of America will keep the $5-a-month fee for debit card use that's scheduled to start early next year, while other banks, like J.P. Morgan Chase and Wells Fargo, announced Friday that they are shying away from the fees.
Wells Fargo Drops $5 Debit Card Fee Plan
Diversified financial services firm Wells Fargo & Co. (NYSE:WFC) said it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.
Bank of America May Revamp Proposed Debit-Card Fees
The Bank of America Corp., after receiving heavy public criticism for a planned $5-per-month debit-card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.
MF Global Aims to Arrange Sale Over This Weekend: Source
MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.
Mortgage Probe May Open New Path for Housing Relief
A controversial weapon could be deployed soon in the U.S. fight against the housing crisis as states and top banks near a deal in their dispute over mortgage abuses -- cutting the mortgage debt owed by homeowners.
U.S. Stocks Surge; Vive la Eurozone!
In the U.S., bank stocks performed especially superbly.
Wall Street soars 3 percent as Europe deal draws buyers
Stocks surged 3 percent on Thursday as an agreement by European leaders to help contain the region's two-year debt crisis lifted a cloud hovering over markets.
Wall Street Climbs 3 Percent on Europe Deal, Financials Soar
Stocks surged 3 percent in a broad rally on Thursday as a long-awaited agreement by European leaders to boost the region's bailout fund promised to remove a major headwind for the market.
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