The state of California pulled out of multi-state mortgage negotiations with large U.S. banks, dealing a sharp blow to long-running efforts to secure a broad settlement over allegations of lending abuses.
Erin Burnett is not only anticipating the premiere of her CNN show, OutFront, but also her wedding to fiance David Rubulotta.
Citigroup CEO Vikram Pandit said the current turmoil in the global financial markets will not be a repeat of the 2008 downturn, Singapore newspapers reported on Friday.
The largest U.S. banks, eager to get legal protection after widespread evidence emerged of foreclosure shortcuts, are trying to convince California to be part of a multi-state mortgage settlement and not pursue its own aggressive deal.
Bank of America will charge debit-card users $5 a month in response to new federal regulations that could cost the company up to $2 billion in annual revenue, it announced on Thursday.
The Dow and S&P 500 rose on Thursday on stronger-than-expected economic data and German lawmakers' approval to strengthen the euro zone's crisis fund, while big-cap Internet shares dragged on the Nasdaq.
Amid a sluggish U.S. economy with inadequate job growth, there has been one unabashed bright spot: home mortgage interest rates, currently about 4.10 percent for a 30-year, fixed-rate mortgage, are the lowest in decades. Is now a good time to take the plunge a purchase a home?
Kindle Fire, Amazon's new tablet launched Wednesday, is probably the biggest threat to iPad.
Bank of America (BAC.N) Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.
Amazon rolled out its much anticipated Kindle Fire on Wednesday, its first fully fledged tablet computer posing a threat to Apple's iPad empire. But other players may also need to watch out.
A recent Citigroup survey asked 1,800 consumers from the U.S., UK, and China what purposes their tablets served. Probably expected, most tablet wielders are browsing the web, checking email, or instant messaging.
While Euro officials did not reveal specific details about the Eurozone rescue plan, any apparent news about the continent’s debt woes seem to heavily impact equity markets.
Stocks rose in a choppy session on Monday on optimism Eurozone officials would develop plans to slash Greece's debts and recapitalize European banks in the latest effort to tackle the region's debt woes.
Commodities bounced off lows on Monday after one of the biggest sell-offs since the 2008 financial crisis turned into cautious buying on hopes that Europe would prevent its debt crisis from dragging down the global economy.
Amazon is expected to release its Kindle tablet in a market dominated by Apple's iPad, which has netted a sale of 29 million units since its launch in April 2010.
Wipro, India's No.3 software services exporter, is considering selling data centres and other computer hardware assets of its U.S. unit Infocrossing, the Economic Times reported on Monday, quoting unnamed officials and bankers familiar with the talks.
A number of manufacturers have tried and failed to enter the tablet computing space, currently dominated by the iPad and iPad 2, but Amazon's forthcoming tablet may have the right mix to shake Apple's empire.
One of the first things new Hewlett-Packard CEO Meg Whitman ought to do is change the company name, brands expert Clive Chajet told IBTimes.
Commodity investors fled for the exits on Thursday in a panic over raw materials demand, unconvinced that Federal Reserve action will stem a global economic slowdown that shows signs of infecting China and Germany.
The Dow has lost 6.74 percent over the past four days.
U.S. stocks are suffering a massive sell-off, with the Dow Jones Industrial Average plummeting more than 400 points, in the wake of a grim outlook from the Federal Reserve. Treasuries are rallying, the yield on the 10-Year note is at 1.76 percent, an all-time low.
Commodities skidded on Thursday as investors scrambled to liquidate after a U.S. Federal Reserve warning, coupled with signs of slower growth in China and Europe, stoked worries about slowing demand for fuels and metals.
