The workforce reduction will be across all regions and is set to take place in the next two weeks, a source told Reuters.» Read More
China was among the selloffs' casualties, leaving its shares cheaper than laggards Turkey and Argentina and possibly offering bargains.
Investors saw a 50-50 chance that the US will start raising short-term interest rates by March 2015, a San Francisco Fed survey showed.
Investors pulled the most money out of stocks last week in two and a half years, part of a trend that may signal more than just panic selling.
Activist investor Carl Icahn waved the white flag Monday in his campaign to prod Apple into buying back more of its stock.
Bitcoin suffered further price volatility on Monday as major exchange Mt Gox blamed its ongoing technical issues on a critical flaw in the cryptocurrency.
A top Chinese regulator asked Jamie Dimon to hire a family friend who now works at JPMorgan, The New York Times reports.
Activist investor Elliott Management wants big changes at Juniper Networks, and momentum is building for the company to bend to the pressure.
With 53 million Hispanics in the U.S., the financial sector sees Latinos as a key growth area.
The Quantum Endowment fund was named the world's most successful hedge fund, after it gained $5.5 billion in 2013.
Most hedge funds that bet on broad macroeconomic trends lost money in January, hurt by reversing equity markets and wrong-way currency bets.
Former Fed Chairman Alan Greenspan told CNBC on Friday he's worried about the spread between 30-year and 5-year Treasury notes.
Virtual currency bitcoin lost nearly twenty percent of its value on Thursday evening when major exchange Mt Gox halted withdrawals.
Private equity firm KKR & Co said it would acquire National Vision from buyout firm Berkshire Partners in a deal worth nearly $1 billion.
Despite another anemic jobs report, central bank policymakers are on the right course with tapering, Dallas Fed President Richard Fisher says.
Friday's nonfarm payrolls report left the market confused and likely will only add to the discussion over the Federal Reserve's future plans.
Denmark's public prosecutor for serious economic and international crime is investigating Danske Bank over price manipulation, the bank said on Friday.
U.S.-based ETF investors withdrew a net $22.3 billion from their accounts last week, according to Lipper, the highest weekly net outflows on record.
Carlyle Group is close to reaching an agreement to buy Illinois Tool Works Inc's industrial packaging unit for more than $3 billion, sources said.
Prepaid debit cards are promoted as a convenient alternative for people who don't have a bank account. Turns out they have a much broader appeal.
Legally troubled hedge fund manager Phil Falcone officially has help to salvage his once-$23 billion Harbinger Capital Partners.