Corporate News
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Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
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Two U.S. pension funds filed a lawsuit against BlackRock, alleging that the world's biggest asset manager had "looted" securities-lending revenues from iShares exchange-traded funds investors, and breached its fiduciary duties.
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A rough couple of months in the U.S. bond market has lifted interest rates off record lows and now could impede a slow economic recovery heavily dependent on cheap money to keep going.
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Even in the leafy northern stretches of this city, home to luxury apartment buildings, mansions with swimming pools and tennis clubs, the smell of wood smoke lingers everywhere at night, the New York Times reports.
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Emerson Yip, Greater China Investment Manager at JP Morgan Asset Management says that there will be differentiated performances in the markets as companies start reporting full year results for 2012.
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Tim Condon, Head of Research, Asia, ING Financial Markets says that bear markets like the Nikkei can touch new highs, once a recovery is in place.
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Australia's central bank, which holds its first policy meeting of the year on Tuesday, could use the opportunity to deliver a surprise interest-rate cut to underpin the economy and dent the appeal of the robust Aussie dollar, strategists told CNBC.
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A secret legal review on the use of America's growing arsenal of cyberweapons has concluded that President Obama has the broad power to order a pre-emptive strike if the United States detects credible evidence of a major digital attack looming from abroad, according to officials involved in the review. The New York Times reports.
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Kingsley Jones, Founder and CIO, Jevons Global says countries with high levels of sovereign debt is an ongoing story. He says Argentina may not be the only country trying to find ways to lessen its debt burden.
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Shares of Panasonic jumped 14 percent in early trade on Monday, hitting a 7-month high after the consumer electronics maker rebounded to a quarterly profit and stuck with its full-year earnings forecast.
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Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.
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The company must chart a tough course: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries' status-conscious.
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The top Senate Democrat on Sunday predicted that Congress will pass and send to President Barack Obama legislation overhauling the U.S. immigration system, saying "things are looking really good." Obama last week expressed hope Congress can get a deal done on immigration, possibly in the first half of the year.
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Growth in China's increasingly important services sector ticked up slightly in January, the fourth straight monthly rise, adding to evidence that the recovery in the world's second-largest economy is a modest one.
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Symantec begs to differ with The New York Times' suggestion that it might be partially to blame for a security lapse that missed most of the intrusions from China.
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Energy Secretary Steven Chu, the Nobel-winning physicist who survived the uproar after the solar energy company Solyndra went bankrupt, is stepping down.
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CNBC's Simon Hobbs reports on EU markets moved higher on Friday after the U.S. released its jobs report.
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A suicide bomber killed a Turkish security guard at the U.S. embassy in Ankara on Friday, blowing the door off a side entrance and sending smoke and debris flying into the street.
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Edward I. Koch, the master showman of City Hall, who parlayed shrewd political instincts and plenty of chutzpah into three tumultuous terms as mayor of New York with all the tenacity, zest and combativeness that personified his city of golden dreams, died Friday morning at age 88.
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Keith McLoughlin, CEO of Electrolux, tells CNBC that Western Europe consumer demand is weak as austerity measures take hold and they expect low demand in the first half.