Europe is seeking to agree by year-end on how to close failing banks, part of an ambitious plan to create a single banking framework.» Read More
SAN FRANCISCO, June 19- A year after Facebook Inc's fumbled IPO, Wall Street remains slow to recognize what Chief Operating Officer Sheryl Sandberg argues has been an across-the-board improvement in its business.
*Ukraine uses Chinese loan to buy grain for exports. *Ukraine firm sees high flour exports to Middle East. KIEV, June 19- A Chinese state company has started a programme of purchasing grain from Ukraine's state-run grain corporation for export to clients in China, the Middle East and markets further afield, the Ukrainian chief executive said on Wednesday.
June 19- FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world's biggest air-freight company said it was cutting more capacity between the United States and Asia.
June 19- FedEx Corp posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.
*Expects third-quarter revenue $975 mln- $1.03 bln vs est $1.01 bln. *Forecasts adjusted earnings $0.29- 0.35/ share vs est $0.35. Adobe is the latest traditional software company to make a big bet on the cloud-based subscription model pioneered by companies such as Salesforce.com Inc, NetSuite Inc and Google Inc..
June 18- Billionaire investor Carl Icahn told Dell Inc shareholders that an investment bank would help fund his offer for the PC maker as he sought to assuage concerns over his means to fund the bid.
June 17- Google Inc has settled a shareholder class action lawsuit that clears the way for the company to issue a new class of nonvoting stock, giving the company a currency for acquisitions that would not dilute the founders' control. Google has had two classes of stock since it went public.
June 14- Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, and the coal miner's shares fell after the news. Walter's typically volatile shares dropped sharply after the news, falling 17.2 percent to $12.16 before they were halted pending news on the New York Stock Exchange.
June 14- Walter Energy Inc has pulled a planned $1.55 billion credit refinancing, Reuters Loan Pricing Corp reported on Friday, citing sources, sending the coal miner's shares lower. The Morgan Stanley- led deal was pulled because of market conditions, the report said.
June 14- Chesapeake Energy Corp shareholders on Friday rejected a proposal to declassify the embattled natural gas driller's board of directors, a step that would have made it easier to replace the entire board in one step.
*Says exports to China and Russia fall on certification issues. June 14- Smithfield Foods Inc, subject of a $4.7 billion bid from China's Shuanghui International, posted a 63 percent drop in quarterly profit as costs rose and exports to China fell due to a ban on an additive it feeds to pigs to produce lean meat.
Inside Goldman Sachs, Gary D. Cohn is the man who is waiting — and waiting — to be king, the NYT reports.
Despite mutibillion-dollar settlements, state and federal regulators are making slow progress in their efforts to prod banks to help mortgage borrowers avoid foreclosure.
Stephen Hester's departure as the CEO of U.K.-taxpayer owned Royal Bank of Scotland surprised London's financial sector.
Europe's largest companies left $1 trillion of working capital unused in 2012, according to a report published on Wednesday.
Investors are ditching debt that protects them against inflation as fears the Fed will ease its bond-buying program mount, sending the real rates on 10-year Treasurys into positive territory for the first time since 2011.
As investors rely increasingly on Finra’s database to vet Wall Street professionals, some brokers and executives are trying to remove complaints.
It's becoming easier to set up a trust fund online, even one on the small side. What's not easy is figuring out the potential benefits and pitfalls.
Royalty Pharma raised its hostile bid for Irish drug firm Elan to a potential $8 billion on Friday, coming back for the third time after just 7.5 percent of shareholders accepted the last offer.
Despite cooling of talks between Austria and Poland about a possible merger of their two stock exchanges, CEO of the Warsaw index has given his strongest hint yet that a deal is drawing closer.