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
Morgan Stanley reported a sharp fall in quarterly profit as the bank was hit by $1.2 billion in legal bills, but adjusted earnings beat market estimates.
JPMorgan's efforts to improve controls after a legal settlement over its dealings with Bernard Madoff—will be exempt from outside scrutiny, CNBC has learned.
Common Sense Investment Management isn't shutting down, despite media reports to the contrary.
A year ago, Berkowitz formally attempted to simultaneously manage both a hedge and mutual fund. So far, so good.
As a comedian Ben Bernanke makes a heck of a central banker.
A provision prohibiting banks from keeping investments in CDOs backed by hybrid securities called trust preferreds ignited a controversy.
Apollo Global Management LLC said it would buy CEC Entertainment, the parent of Chuck E Cheese restaurant chain, for about $948 million.
Bitcoin has become a coin of the realm of the Sacramento Kings, a newspaper reports.
Private equity firm Carlyle Group said it would buy Johnson & Johnson's diagnostics unit for $4.15 billion.
The Dow still has plenty of room to run this year, but retail investors need convincing, Wharton finance professor Jeremy Siegel told CNBC on Thursday.
Goldman Sachs reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
Pope Francis has sacked nearly all the cardinals from the commission charged with overseeing the scandal-hit Vatican Bank.
A new app that lets players buy, sell and merge corporations across nine major industrial sectors became available on Thursday for iPhones and iPads.
ABN Amro broke most banking stereotypes when its chairman dressed up in drag and masqueraded as a brothel owner at a corporate event.
U.S. Treasury says foreign holdings of long-term and short-dated U.S. securities tanked in November.
The fees on actively managed funds are rising. Don't think your dollar fees are small because percentages are. Here's how to do your homework.
This sector underperformed in 2013—but will a rush of hedge fund money lead to 2014 outperformance?
The long-discussed "Great Rotation" won't be from bonds to stocks but will be within the bond market, BlackRock Chairman and CEO Larry Fink told CNBC.
Citibank plans to reissue all customer debit cards involved in the data breach at Target, making it the second major bank to do so. The NYT reports.
The vice chairman of Blackstone explains why the market is due for a plunge.
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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.