The Dow Jones Industrial Average and S&P 500 finished above 12,000 and 1,300 points, resepctively, for the first time since mid-2008.
U.S. stocks, led by Pfizer and Bank of America, surge.
Soaring inflation and rate rises are starting to hit corporate margins in India, tempting more foreign fund managers to slash holdings in favour of markets that can better capitalise on the global economic recovery.
LinkedIn Corp announced plans to go public this year in what could be a test of investor appetite for social networking websites ahead of a highly anticipated Facebook offering.
Two former Galleon Group portfolio managers admitted to charges of insider trading on confidential company information, strengthening the government's case against Galleon hedge fund founder Raj Rajaratnam a month before his trial
Annual bonuses at top global banks are causing ructions that could drive a outsized round of defections as weaker profits and tougher rules widen the pay discrepancy between star performers and everybody else.
As the economy recovers, companies across industries indicate a cautious but definite return to attractive packages for its top bosses.
Citigroup Inc (C.N) Chief Executive Vikram Pandit got a $1,749,999 raise on Friday.Pandit pledged in 2009 to receive an annual salary of $1 until the struggling Citigroup returned to sustained profitability.
Stocks closed modestly lower, but well above intra-day lows, as the tech sector incurred the heaviest losses on fears of Chinese interest rate hikes.
U.S. stocks fell on Thursday led by losses in the technology sector and on worries that China's rapid growth may lead to more aggressive measures to tackle inflation.
Morgan Stanley said fourth-quarter shareholder profit surged 60 percent as rising fees from wealth management offset the weak fixed-income trading results that have marred its competitors earnings.
Futures on major U.S. indices pared earlier losses and point to modestly lower opening on Thursday after the Department of Labor reported that weekly jobless claims fell sharply last week.
The companies that reported earnings before the markets open on Thursday are: Morgan Stanley, Union Pacific, UnitedHealth Group Inc., Johnson Controls, Parker Hannifin, Southwest Airlines, Rockwell Collins and Huntington Bancshares.
The companies which are expected to see active trade on Thursday are Google, Morgan Stanley, eBay, Seagate Technology, Advanced Micro Devices, UnitedHealth Group, Southwest Airlines and Rockwell Collins.
Mergers and acquisitions activity in sub-Saharan Africa surged to a record $44 billion in 2010, double the value of a year earlier, Thomson Reuters data showed on Wednesday.
Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time friend of Chief Executive Officer Vikram Pandit.
Citigroup Inc named investment bank chief John Havens president and chief operating officer on Wednesday, expanding its most senior level of executives and elevating a long-time adviser to Chief Executive Officer Vikram Pandit.
U.S. bank stocks are flying high, and this week's earnings could give investors more reason to be optimistic about the sector.
An improving global economy, solid corporate earnings and even easing fears about euro zone debt have been more than enough to rationalise the rising hunger for riskier assets now prevalent on financial markets.
JPMorgan Chase and Morgan Stanley received approval from Chinese regulators to form joint ventures with domestic firms, which would allow them to participate in underwriting Chinese stock and bond offerings.
Politicians now prefer to appoint JPMorgan executives to highly-visible positions rather than risk public outrage by choosing their Goldman Sachs counterparts.
Shares of grocery retailer SuperValu (NYSE: SVU) have plunged almost 25 percent since mid-October amidst an increasingly difficult environment for food retailers.
