Bank of New York Mellon Corp
featured
Warren Buffett's Berkshire Hathaway has eliminated its holdings of two stocks: Archer Daniels Midland and General Dynamics.
» Read More
More
-
*Euro posts 1st weekly gain in three vs dollar after German Ifo. NEW YORK, May 24- The dollar posted its worst week against the yen in a year on Friday as volatility in stocks and uncertainty about the outlook for U.S. monetary policy spurred investors to pare back bets against the Japanese currency.
-
NEW YORK, May 24- The dollar was headed on Friday for its worst week against the yen in nearly two years, extending the prior session's selloff, as volatility in Japan's stock market spurred investors to book profits on their bets against the Japanese currency.
-
*Bernanke to testify before Congress on Wednesday. The euro rose 0.2 percent to $1.2906, having reached a session peak of $1.2933 and moving away from a six-week low of $1.2795 touched on Friday, according to Reuters data. Focus now shifts to Fed Chairman Ben Bernanke's testimony to Congress at 10 a.m. 1400 GMT) on Wednesday.
-
May 16- For years, JPMorgan Chase& Co Chairman and CEO Jamie Dimon and other executives have hand-picked new directors, in a practice that is now unusual for a major U.S. bank.
-
Warren Buffett's Berkshire Hathaway has eliminated its holdings of two stocks: Archer Daniels Midland and General Dynamics.
-
They bought $5.3 billion in Treasuries in March and $2.6 billion the previous month, but that was a significant reduction from inflows of $32.3 billion in January and nearly $30 billion in December. Most Asian central banks were net sellers of Treasuries for the month, including China, Japan, Taiwan, Singapore and India.
-
*Argentina could take its case to the Supreme Court. A U.S. judge ordered Argentina to pay the holdouts the full $1.33 billion owed them the next time it serviced restructured debt. Argentina appealed, and a ruling by the 2nd U.S. Circuit Court of Appeals is expected in the coming weeks.
-
BIRMINGHAM, Ala., May 9- Alabama's Jefferson County expects to file a plan by late June to exit its landmark $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday.
-
NEW YORK, May 9- The dollar catapulted to its highest level against the yen in over four years on Thursday as an upbeat U.S. jobless claims report suggested a stabilizing labor market in the world's largest economy.
-
BIRMINGHAM, Ala., May 9- Alabama's Jefferson County is close to an agreement with some creditors and expects to file a plan by late June to exit its $4.2 billion municipal bankruptcy, a lawyer for the county said on Thursday. Jefferson County appears likely to become the first big U.S. local government to impose losses on bondholders since 1930 s.
-
NEW YORK, May 9- The dollar rallied across the board on Thursday, bolstered by an upbeat U.S. jobless claims report that suggested a stabilizing labor market in the world's largest economy.
-
May 8- A federal judge ruled on Wednesday that the United States can pursue parts of a civil lawsuit against Bank of America Corp over its sale of toxic mortgages to Fannie Mae and Freddie Mac, boosting a largely untested legal theory the government used in the case. Bank of America had sought to dismiss the lawsuit, which seeks penalties under two laws.
-
News Corp is set to report quarterly earnings, but the focus will be on the company's impending spin-off of its publishing assets as separate company. (NEWSCORP-RESULTS/, expect by 2030 GMT/ 4:30 PM ET, by Lisa Richwine, 500 words). From Europe's fringe, Romania and Bulgaria seek acceptance.
-
May 8- A federal judge on Wednesday ruled in favor of Chesapeake Energy Corp in a dispute with Bank of New York Mellon Corp over the natural gas company's effort to buy back $1.3 billion of notes early.
-
LONDON, May 8- The euro rose against the dollar on Wednesday after an unexpected rise in German industrial output was seen making a near-term euro zone interest rate cut less likely.
-
May 7- Alabama's Jefferson County will brief a federal judge on Thursday on its progress toward exiting from bankruptcy, as the county appears likely to become the first big U.S. local government to impose losses on bondholders since the 1930 s.
-
The BNY Mellon index of leading American depositary receipts. The BNY Mellon index of leading European ADRs added 0.49 percent, while the FTSEurofirst 300 index of top shares closed up 0.27 percent. The BNY Mellon index of leading Asian ADRs gained 0.33 percent.
-
Yields could stay high even as markets in Tokyo and London return on Tuesday from holidays, with investors preparing for $72 billion in debt sales starting on Tuesday. " The volume is so light that you get the impression that no one is interested in buying in front of supply at all, "said Jim Vogel, interest rate strategist at FTN Financial in Memphis, Tennessee.
-
By Karen Brettell and Luciana Lopez. Yields could stay high even as markets in Tokyo and London return on Tuesday from holidays, with investors preparing for $72 billion in debt sales starting on Tuesday.
-
The BNY Mellon index of leading American depositary receipts. The BNY Mellon index of leading European ADRs slipped 0.4 percent, while the FTSEurofirst 300 index of top shares closed down 0.1 percent. The BNY Mellon index of leading Asian ADRs dipped 0.1 percent.