The move is expected to increase anger that the bank is still paying large salaries while thousands, including more than 30,000 layoffs at the bank in the last three years, lose their jobs in a weakening global economy.
As one of the world's top gold producers, Newmont Mining Corp (NYSE:NEM) seems to have a lot of advantages on its side. But uncertainty about peripheral items, including the effect of recent acquisitions and political developments that could hurt its bottom line, are keeping Wall Street analysts skeptical on the company.
While Wall Street slashes pay and freezes cash awards, Goldman Sachs Group's top five executives may reap special bonuses of $10.5 million apiece if the firm hits historically easy profit targets over the next two years.
Bailed-out insurance giant American International Group Inc. (NYSE:AIG), boosted by a one-time accounting gain, is expected to return to profitability when it reports its fourth-quarter earnings after markets close Thursday. Favorable stock market conditions and less reserve charges may also helped offset large losses stemmed from Thailand floods.
The euro jumped and U.S. Treasuries dipped on Tuesday after eurozone policymakers agreed to a second bailout package for Greece in talks that went deep into the night in Brussels, but concerns that the deal is only a short-term fix kept stocks subdued and Asian stocks unaffected.
Gold fell on Friday as investors took profits after an initial rally driven by growing confidence that Greece was edging closer toward winning a new rescue package.
Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
Deere & Co., the world's largest maker of farm tractors and combines, reported a 3.7 percent fiscal first quarter earnings increase that topped analysts' estimates, as U.S. farmers flush with cash update aging fleets.
Barrick Gold Corp. (NYSE:ABX), the world's largest gold producer, is expected to report an increase in 2011 earnings on strong gold prices and controlled costs.
Deere & Co., the world's largest maker of farm tractors and combines, is expected to report strong fiscal first quarter results as U.S. farmers flush with cash update aging fleets and Deere's products gain greater acceptance in Brazil.
A number of top Federal Reserve officials likely saw a need for additional monetary easing at the central bank's meeting last month, although there are few signals the central bank will move soon.
The head of Wegelin -- Switzerland's oldest private bank and which the U.S. has indicted for helping clients dodge taxes -- is standing back from his role as chairman of the country's influential Neue Zuercher Zeitung daily.
Trading in shares of Alibaba.com Ltd was halted on Thursday pending an announcement regarding its parent, Chinese e-commerce giant Alibaba Group, which reportedly plans to buy back the 40 percent stake in it held by Yahoo Inc.
Goldman Sachs Group Inc. (NYSE:GS) has purchased mortgage bonds valued at $6.2 billion from the Federal Reserve Bank of New York, previously owned by the insurance giant American International Group Inc. (NYSE:AIG), until its government bailout in 2008.
Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability.
Gold prices have been too volatile to play a reliable role as a hedge against inflation, a study of financial assets over the past 112 years showed on Tuesday.
Federal prosecutors focus for first tiFederal prosecutors focus for first time on overseas bank in $1.2bn tax fraud investigation into offshore accounts.me on overseas bank in tax fraud allegations.
The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday.
Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
European shares steadied after hitting a six-month high on Thursday as strong gains in miners on merger talks between Xstrata (XTA.L) and Glencore (GLEN.L) were offset by a sell-off in defensives, with Unilever (ULVR.L) down on poor outlook.
Learn about Glencore and Xstrata Plc, which are expected to announce a plan to combine as early as this week.
The Columbus, Ind.-based company is expected to earn $424 million, or $2.24 per share, up from 362 million or $1.84 per share in the year earlier period, estimates carried by Thomson Reuters said. Analysts expect revenue of $4.7 billion, up from $4.1 billion in the year earlier period.
