Tough Judge Sets AT&T Antitrust Trial for Feb. 13
U.S. District Judge Ellen S. Huvelle set Feb. 13 as the date when trial will start on the U.S. Justice Department’s case against the $39 billion takeover of T-Mobile by AT&T.
Stocks Plunge After Fed's 'Operation Twist' Announcement
Stocks plunged late Wednesday after the Federal Reserve announced it will sell $400 billion worth of short-maturity bonds and reinvest in bonds with maturities of six to 30 years in the coming year. The program has been commonly referred to as Operation Twist.
Tough Judge Gets Tough Antitrust Case: U.S. vs. AT&T Goes to Court
One thing is certain: when she opens the hearing in Washington on Wednesday, U.S. District Judge Ellen S. Huvelle will face a courtroom filled with richly compensated communications lawyers, especially those paid by AT&T and T-Mobile.
Warhol Painting Among $2.8 Million Irish Bad Bank Auction
Ireland's state-run bad bank will auction works of art by the likes of Andy Warhol and Alex Katz after it put global auction house Christies in charge of a 14-painting collection valued at up $2.8 million on Monday.
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Global Stocks Slide, Dollar Gains on Euro Zone Woes
European index futures tumbled on Monday, following a slide in Asian equities, and the euro slumped to a 10-year low against the yen after the resignation of a top European Central Bank official cast further doubt on the region's ability to tackle its worsening sovereign debt crisis.
Artists Set to Win European Music Copyright Battle
Musicians are likely to win longer copyright protection of their work in Europe next week, helping artists and record labels as music revenues decline, and bringing Europe closer into line with the United States.
Bank of America Layoffs: Among the Biggest Job Culls of Recent History
In the event the Bank actually follows through with this huge elimination, it would represent one of the biggest job culls in recent corporate history.
Scotiabank buys into Guangzhou Bank for C$719 million
Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.
Asian Markets, European Futures Slide after Obama Speech
Analysis: BofA Shake-up a Crucial Test for CEO Moynihan
Bank of America Corp Chief Executive Brian Moynihan is running out of time to fix the largest U.S. bank.
Confident in Graphics and Mobile Processors, Nvidia Raises Fiscal Outlook
Nvidia's stock has soared after the company's Chief Executive Jen-Hsun Huang outlines a strong fiscal outlook for next year.
Deutsche Telekom Insists $3 Billion Breakup Fee Coming if AT&T Bid Fails
AT&T must pay a hefty break-up fee to Deutsche Telekom, the owner of T-Mobile USA, the German company said. Last week, the U.S. Justice Department filed to block the $39 billion deal.
Settlement Offer Reported over Banks' Mortgage Policies
State prosecutors accusing major U.S. banks of improper mortgage practices have offered them a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.
U.S. Banks Offered Deal over Lawsuits: Report
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.
Gold Steady in Asian Trading
Gold prices held steady on Friday as investors stood on the sidelines ahead of a key U.S. payrolls report due later in the day, after recent data sent mixed signals about the status of the world's largest economy.
Gold Holds Steady Around $1,830, Awaiting U.S. Job Figures
Gold prices held steady Friday as investors stood on the sidelines ahead of a key U.S. payrolls report due later in the day
Bank of America Kept AIG Legal Threat Under Wraps
Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.
Amazon Shares Rise on Call Tablet Could be No. 2 After iPad
Amazon shares rose 3 percent after Forrester predicted success with an iPad rival
Strike Planned at Big Copper, Gold Mine in Indonesia
Workers at Freeport McMoRan Copper & Gold's Grasberg mine in Indonesia plan to stage a strike in coming days after talks with the company failed to resolve a pay dispute , a move that could tighten global copper supplies and lift prices.
Steve Jobs Resigns: The Man Who Created the 'Anything, Anywhere' Age
Apple's Steve Jobs' inventions/projects have transformed how people work, live, and play.
Gold Drops Another 1 Percent
Gold fell more than 1 percent Thursday, extending the previous session's losses, after the CME Group (CME.O) raised trading margins by the most in more than two and a half years to curb volatility.
Facebook, LinkedIn Threaten to Slay Monster.com
Shares of the parent of online job board Monster.com are down nearly 70 percent this year, with most of that loss coming since early July. A company that once boasted a multi-billion dollar market valuation is now worth less than $1 billion.
Amazon: Could it Buy Sony Ericsson to Bolster Battling the iPad?
As it prepares to launch its tablet, could Amazon buy Sony Ericsson to ease its path?
Oil Price Outlook sours, Citi Sees 20 pct Fall
Several major banks cut sharply their oil price forecasts on Tuesday, with Citigroup saying that even if the United States printed more money, oil would stay depressed by weak economic growth and fresh supplies from Libya.
European Stocks Higher, in Light Volume; Oil Stocks Helping Gains
Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth.
Surging Gold Mining Company Stocks Lift London Exchange
Miners helped Britain's bruised FTSE 100 stage a recovery on Monday, with Randgold Resources boosted by bullish gold prices and broker comment, and Anglo American up as it considered a bid for Australia's Macarthur Coal.
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