A late-day sell-off, ahead of the U.S. Senate vote on the compromised tax bill, pushed the major equity indices to session lows, resulting in a mixed performance for stocks.
Galileo Global Advisors CEO Georges Ugeux speaks to IBTimes about investing in Asia outside the scope of public markets.
Paul Myners, the former Financial Services Secretary during the Labour government of Prime Minister Gordon Brown, has called for the break-up of UK partly-nationalized banking giants Lloyds Banking Group (NYSE: LYG) and Royal Bank of Scotland (NYSE: RBS).
Industrial motors company A. O. Smith Corp. has agreed to sell its electric motor segment to Regal Beloit Corp. for $875 million in cash and stock, to focus on its water-products operations.
Scientific instruments maker Thermo Fisher Scientific said it agreed to acquire chromatography systems maker Dionex Corp. for about $2.1 billion to expand in Asia-Pacific regions such as China.
US conglomerate GE said it agreed to buy Britain's oilfield-services company Wellstream Holdings Plc for 800 million pounds ($1.3 billion) to broaden its base in fast-growing emerging markets.
Stocks drifted higher, with the S&P 500 approaching a two-year high, as traders seemed pleased with a narrowing trade deficit and higher consumer confidence, ahead of an expected extension of Bush-era tax cuts by the federal government.
U.S. drug giant Pfizer (NYSE: PFE) hired investigators to dig up dirt on Nigeria’s former attorney general in order to stop an investigation over a controversial drug trial the company conducted which led to the deaths of eleven children, according to cables released by WikiLeaks.
European bankers will be subject to limits on bonus payments they receive starting next year. Meanwhile, in Ireland, politicians are seeking to impose a 90 percent “super-tax” on bank bonuses
Rodman & Renshaw initiated exploration company Energy Partners Ltd. (NYSE:EPL) with a Market Outperform rating and a target price of $18, saying its turnaround story is worth another look.
Stocks finished narrowly mixed in lethargic trading as an early jump on a benign jobless claims data faded away on a stronger U.S. dollar and later on news that Democrats in the House voted against considering the tax cut extensions that President Obama negotiated with Republicans.
New shares of Chinese online video broadcasting company Youku (NYSE:YOKU) are selling like it's 1999.
While it may make some strategic sense for Yahoo and AOL to combine some of their operations, she sees little hope for the resulting merged entity to mount a challenge against the reigning monarch of the search-engine market, Google (NASDAQ: GOOG).
Having just touched an all-time high in price, demand for copper is expected to be very strong in the coming years, driven primarily by China’s insatiable hunger for commodities of all kinds to support its relentless program of mass urbanization.
Insurance giant American International Group has signed a debt repayment deal with Federal Reserve Bank of New York, paving way for the Treasury Department to sell a significant stake in the company early next year.
Stocks crept higher in a choppy trading session as traders likely had more time to digest the implications of the extension of George W. Bush’s tax cuts for two years, as well as a renewal of unemployment insurance for long-term jobless for thirteen months.
A moderate stock rally fueled by a compromise between President Obama and Republicans on tax extensions and unemployment benefits petered out in late-session trading, resulting in a narrowly mixed results for major equity indices.
Energy services company AGL Resources Inc. announced an agreement to acquire rival Nicor Inc. for about $2.4 billion in cash and stock, creating a leading natural gas distributor in the U.S.
The U.S. Treasury Department said it will attempt to dispose of its remaining common equity stake in Citigroup through an initial public offering (IPO).
The U.S. Department of the Treasury said it plans a public offering of its remaining 2.4 billion shares of Citigroup Inc. (NYSE: C) common stock.
Stocks, which fell early in the session on some gloomy remarks on the economy from Federal reserve Chairman Ben Bernanke, pared much of their losses later in the day on hopes that The Republicans and Democrats in Congress can hammer out a compromise on extending the Bush tax cuts as well as unemployment benefits.
Plenty of U.S. organizations are praising the newly-negotiated U.S.-Korea Free Trade Agreement, which is awaiting approval from lawmakers of both countries.
