Foreign and U.S. banks warned lawmakers on Wednesday that broad application of U.S. swaps rules could undermine U.S. competitiveness abroad, increase the cost of hedging and even provoke brinkmanship among international regulators.
The watchdog board for corporate auditors on Wednesday said it has imposed a $2 million penalty, its largest fine ever, on accounting and consulting firm Ernst & Young LLP in a settlement involving past audits of Medicis Pharmaceutical Corp.
In the fallout of months-worth of bitter debate, the Associated Petroleum Industries of Pennsylvania is trying to find out if the state's General Assembly did indeed put in place a fair and reasonable impact fee.
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.
Istanbul was ranked as the European city with the best prospects for 2012 by PricewaterhouseCooper and the Urban Land Institute, with German cities also on top.
The Obama administration plans to spend an additional $156 million over the next two years to help find an effective treatment for Alzheimer's, a fatal brain-wasting disease that affects more than 5 million Americans.
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
U.S. stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.
The ongoing Eurozone debt crisis and the efforts to find a way out and save the single currency could potentially shake up and redefine the global economic equilibrium.
After a U.S. appeals court rejected an injunction that Chevron Corp had won to avoid paying up $18 billion penalty to Ecuador over pollution to the country's Amazon region, the multinational energy giant has been accused of bringing in a secret panel of private lawyers to thwart the court judgments.
Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.
BHP Billiton Ltd. (BHP), the world's biggest mining company, has announced that its financial first half profit fell 5.5 percent, which is the first decrease in two years for the firm that is affected by rising costs, production disruptions and falling commodity prices.
Renesas Electronics Corp, Fujitsu Ltd and Panasonic Corp are in talks to merge their chip operations, four sources familiar with the matter told Reuters on Wednesday.
Japan's Renesas Electronics Corp, Fujitsu Ltd and Panasonic Corp have begun discussions toward integrating their system chip operations, the Nikkei business daily said.
Money market accounts could soon be joining "free checking" in the dustbin of retail banking history. That's what various portfolio managers who make up a large chunk of the industry are saying could happen if certain regulatory provisions being discussed in Washington are enacted.
Given the fragile state of the global economy and brewing geopolitical risks, investors should be underweight equities while favoring selected commodities such as gold and oil, Mohamed El-Erian, CEO and co-chief investment officer of bond fund giant PIMCO, told CNBC on Tuesday.
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.
Gold prices rose 1 percent on Tuesday as expectations that a Greek rescue deal will be completed drove the dollar down sharplyagainst the euro.
Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.
When the New York Giants defeated the New England Patriots 21-17 in Sunday's Super Bowl XLVI, it was another notch in the legacy belt of one of the NFL's longest-running family-owned franchises.
The BSE Sensex snapped a five-day rally on Tuesday as investors locked in profits after the government forecast growth may dip below 7 percent, the slowest pace since the 2008 financial crisis.
