A 1956 Today show report at McSorley's Old Ale House, when the bar's century-old location was under threat of demolition from a local building project.» Read More
Ireland has opened the door to a renegotiation with senior bondholders of its two nationalized banks despite previously opposing any such move. The FT reports.
This year’s rescue plans for Greece and the euro zone were driven partly by rising US anxiety about the risks to global financial stability stemming from Europe’s slowness to take action. The FT reports.
Investors in euro zone bond markets stand accused of letting “animal spirits” affect their judgment on the risk of a European debt default. The FT reports.
Stocks declined after a volatile session, but ended the month with the best September results in 71 years. American Express and Caterpillar fell.
Stocks declined as the session end neared as quarter-end rebalancing, and profit-taking, caused the markets to waver despite positive economic news. American Express and Caterpillar fell.
Stocks extended losses on the last trading day of the session despite a series of economic reports providing evidence of returning strength in the U.S. economy. Caterpillar and Hewlett-Packard fell, while Boeing rose.
U.S. stock index futures rose after the government report jobless claims were better than expected, and the reading on second quarter GDP was revised slightly higher.
If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
The sovereign debt crisis, wrecking havoc on some periphery euro zone member states, could turn out to be a positive for many core European counties, Karen Olney, chief European equity strategist at UBS, told CNBC Wednesday.
Ireland will unveil on Thursday a fresh taxpayer-funded recapitalization of Anglo Irish Bank, the institution at the centre of the country’s property meltdown, amid rising alarm over the country’s financial health. The FT reports.
Stocks ended near session highs on Tuesday as investors considered the impact of the Fed's next moves to bolster the economy as well as weak reports on the economy. Pfizer and Intel rose, Cisco and P&G fell.
Stocks continued to rebound ahead of the closing bell Tuesday as investors considered the impact of the Fed's next moves to bolster the economy as well as weak reports on the economy. Pfizer and Intel rose, Cisco and P&G fell.
Stocks climbed into positive territory Tuesday as investors expected the Federal Reserve to pump more money into the economy, supporting equities. Travelers and Intel rose, while Cisco and Alcoa fell.
Stock index futures added to gains Tuesday after a report that home prices stabilized in July, and despite the return of European debt concerns.
The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.
Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.
Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.
Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.
A planned auction for Irish government bonds is likely to go ahead despite jitters concerning the country's banks and debt that roiled markets Friday, analysts said Monday.
Vulture investor Wilbur Ross, along with private equity firm Carlyle and Dublin-based Cardinal Group, will buy troubled Irish bank Education Savings Bank, Ross told CNBC Wednesday.