Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.» Read More
Bank of America CEO Brian Moynihan told CNBC that consumer health and credit quality are both improving.
The decision to indict a company, and to spare, at least for now, its founder and billionaire manager has ignited criticism. The NYT reports.
Axial Capital, the once-$1.8 billion hedge fund firm seeded by Tiger Management, is shutting down after losses fueled by short bets.
A flood of IPOs will make this the biggest week for offerings since 2006, and could swamp Twitter's buzz.
Negotiators on a $13 billion agreement between JPMorgan Chase and the Department of Justice are now making progress, The Wall Street Journal reports.
The Fed should start tapering because its bond-buying is creating unhealthy asset inflation, real estate mogul and investor Barry Sternlicht told CNBC.
CNBC's Kate Kelly reports SAC Capital is negotiating with the SEC over terms of its "unwinding" of its current third-party investments.
Discussing whether the SAC insider trading case impacts the markets, with Don Luskin, Trend Macro, and Jeff Kilburg, KKM Financial.
SAC said that it is responsible "for the handful of men who pleaded guilty and whose conduct gave rise to SAC's liability." CNBC's Kate Kelly reports.
U.S. Attorney Preet Bharara says it is rare to hold a corporate entity like SAC Capital accountable for these types of securities fraud charges, reports CNBC's Kate Kelly.
The underperformance of this critical sector could indicate trouble for the S&P 500.
U.S. Attorney Preet Bharara announces the resolution to the SAC plea agreement which does not involve guilt by any individual nor does it provide criminal protection or immunity for any individuals going forward.
Amid all the excitement around Twitter and the strong IPO market, a couple of new names are basically flat this year.
CNBC's David Faber reports on BlueMountain's push to purchase Chatham Lodging Trust for $21.50 per share.
Lars Kroijer, former hedge fund manager, says there are very few folks who can invest like Warren Buffett, so it's best for most investors to stick with index funds.
Even as the euro zone shows faint signs of stirring, the ECB is likely to send a dovish message that more monetary help will be on the way.
Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.
CNBC's Tyler Mathisen looks ahead to what are likely to be next week's top business and financial stories.
US banks will have to test whether they can survive a halving of the stock market during a severe recession, the Federal Reserve said on Friday.
The Fed actually increased stimulus by $19.4 billion by not tapering, said Stock Trader Daily's Thomas H. Kee, Jr.
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Both sales for the day and the holiday season are likely to grow at least 2 percent to 4 percent, according to a survey.
Just when it looks like the economy is about to blast off, there come reminders it's best to keep expectations grounded.
David Tepper plans to return billions of dollars to clients amid a year of poor performance by his hedge funds.