Worries that India's evolution into an economic superpower may be overhyped and signs the government may lack the will to further dismantle a protectionist legacy drove India-themed funds to the bottom of performance league tables in November.
Last month the International Energy Agency said in its World Energy Outlook that If, between 2011 and 2015, investment in the [Middle East and North Africa] region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel.
Activist investor Daniel Loeb, who already owns 5.2 percent of Yahoo, sent another letter to the company. This time, he demanded to see a list of prospective bidders.
Goldman Sachs also predicts in a research note that Amazon will sell between 15.5 and 20.5 million Kindle Fire tablets in 2012, the product's first full year of availability and despite a likely release of Apple's newest tablet expected in 2012, the iPad 3.
Jive Software Inc priced its initial public offering at $12 per share, above its expected price range of between $8 and $10 per share, according to an underwriter.
A new attack ad on Massachusetts U.S. Senate candidate Elizabeth Warren mistakenly frames the well-known liberal as a friend to Wall Street bankers.
Occupy Wall Street roared back to life on the streets of Lower Manhattan Monday morning in a protest that coalesced with 17 arrests in the Winter Garden of the World Financial Center.
The turbulent stock market may throw up obstacles in front of two initial public offerings on tap, including on-line game site Zynga as well as workplace social networking developer Jive Software.
An agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the Eurozone's debt crisis, International Monetary Fund Economic Counsellor Olivier Blanchard said Sunday.
Blue Coat Systems Inc., a maker of equipment that secures, monitors, and speeds Internet traffic, has agreed to be taken private for $1.1 billion in a deal that throws a lifeline to a company beset by falling sales and a U.S. government probe into use of its products by Syria.
Stocks rose on Friday as European Union leaders agreed on measures to tackle the region's sovereign debt crisis and data showed U.S. consumer confidence rose to a six-month high.
Stocks advanced on Friday as European Union leaders agreed on measures to address the region's sovereign debt crisis, while U.S. consumer confidence rose to its highest level in six months.
Stock in the largest American banks were particularly bullish on the developments, trading up in heavy volume during pre-market action in the New York Stock Exchange. Shares of Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) were up more than 2 percent in very early pre-market trading. Morgan Stanley (NYSE:MS), whose operations are generally considered to be more sensitive to developments out of Europe than its large bank peers in the U.S., was up over 3 percent.
Consumers spent a record $1.25 billion on Cyber Monday, according to comScore, highlighting how much people love shopping online.
Talk of Greece voluntarily leaving -- or being kicked out of -- the eurozone was once verboten. Now bank economists, investors, and even central bankers are talking about it as though it's a done deal. The divide between rhetoric is also growing. Those predicting the future Greek exit are calling it "manageable," while those saying it won't happen are labeling the possibility "catastrophic."
Susquehanna Financial cut its profit estimates of JPMorgan Chase & Co. (NYSE:JPM) after the company guided weak results for its investment bank unit.
Fewer Americans filed for first-time unemployment benefits last week. Thursday's data once again edged back from the 400,000 mark -- the level below which economists say signals a strengthening job market - after popping above it in the prior week.
The European Central Bank cut interest rates by a quarter of a point on Thursday to counter the twin threats of recession and deflation in the Eurozone, and is expected to unveil fresh measures to help banks hurt by the bloc's debt crisis.
The top aftermarket NYSE gainers on Wednesday were: Methode Electronics, Titan International, C&J Energy Services, Talbots, Goldman Sachs Group, Morgan Stanley, McMoRan Exploration, Huntsman Corp, U.S. Bancorp and Novartis AG.
Citigroup began a round of layoffs among its London-based investment bankers this week after Chief Executive Vikram Pandit said the bank will layoff 4,500 employees as it attempts to trim costs.
As his peers in larger financial institutions are dealing with collapsing stock prices and laying off tens of thousands, the chief executive at boutique investment firm Lazard Ltd (NYSE:LAZ) said he believes smaller, more nimble investment banks like his are likely to benefit from trends developing on Wall Street.
U.S. equities rallied in the last hour of trading Wednesday, before retreating in the last few minutes, as rumors that a $600 billion International Monetary Fund Bailout of the European sovereigns was about to be announced swirled the market, only to be dispelled just before trading closed for the day.
