Negative rumors have turned Jefferies Group Inc. into the latest financial whipping boy. A controversial report from ratings agency Egan-Jones, which the firm has stood by, has spooked the markets. Jefferies is insistent that it remains solid. Who will investors believe?
Online reviews site for local businesses Yelp filed its initial public offering with the SEC Thursday. Goldman Sachs and Citigroup are the lead underwriters for the IPO, which is expected in early 2012.
Toronto's main stock market index closed lower on Wednesday as a new wave of fears about Europe's debt crisis hurt miners and banking shares, offsetting gains in the oil and gas sector.
China and India, the world's biggest mobile phone markets, are building fourth-generation (4G) networks based on the long-term evolution (LTE) technology.
The head of the International Monetary Fund's Europe department resigned suddenly on Wednesday, a year after taking on the crucial role, leaving the fund at a critical time as it grapples with the European financial crisis.
Chipmaker InvenSense Inc opened 11 percent above its offering price of $7.50 per unit on the New York Stock Exchange on Wednesday.
Standard Bank Group expects its clients to issue corporate bonds in excess of 10 billion rand over the next four months and is in talks with four offshore companies interested in inward listings in South Africa.
Shares of Research in Motion rose 2.5 percent in trade before the morning bell on Wednesday, after brokerage firm Goldman Sachs raised its rating on the shares of the BlackBerry maker.
Citigroup plans to cut approximately 3,000 jobs, or around one percent of its workforce, continuing a pattern of job cuts on Wall Street.
Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
Reports Tuesday suggest that rather than auction itself to the likes of Microsoft or Walt Disney or to a private equity investor such as Silver Lake Partners or Providence Equity Partners, Yahoo may try a PIPE.
The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.
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.
Almost two weeks after the bankruptcy of commodities firm MF Global Holdings Ltd., customers at rival firms are all asking the same question: How safe is my money?
Troubled BlackBerry developer Research in Motion has a major new investor: Omega Advisors, the investment vehicle of activist investor Leon Cooperman, has acquired 1.43 million shares.
The top after-market NASDAQ Stock Market gainers are: Spanish Broadcasting System, Home Inns & Hotels Management, Ubiquiti Networks, ServiceSource, and NVIDIA. The top after-market NASDAQ Stock Market losers are: Fuwei Films Holdings, Focus Media Holding, The Andersons, Brooks Automation, and E*TRADE Financial.
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
Nvidia Corp's third-quarter results beat estimates as the chipmaker refocused on smartphones and tablets in a tepid personal computer market, although its revenue forecast was a bit lower than expected.
Sanford Weill, the former chairman and CEO of Citigroup, has listed his penthouse at 15 Central Park West for sale for $88 million.
Stock index futures pointed to a rebound on Wall Street on Thursday, with futures for the S&P 500 up 1.1 percent, Dow Jones futures up 0.9 percent and Nasdaq 100 futures up 1 percent at 4:47 a.m. ET.
The head of India operations at UBS AG, Manisha Girotra, has resigned, according to an internal 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.
