Oil fell below $64 a barrel, pressured by the possibility U.S. shale oil producers could increase drilling and by a stronger dollar.» Read More
Morgan Stanley and Citigroup are in talks to merge their brokerage operations in a deal that could result in Morgan taking over Citi's Smith Barney unit, people familiar with the situation told CNBC.
Greg Fleming, co-president of Merrill Lynch and head of its investment banking unit, has offered his resignation to the firm, sources told CNBC, only days after Merrill completed its merger with Bank of America.
In November 2008, New York State Comptroller Thomas DiNapoli said that the financial crisis could lead to the loss of about 225,000 private sector positions in New York State over the next two years. The good news: many federal agencies are hiring.
Stocks logged their worst loss in about a month Wednesday amid some dismal predictions on the jobs front and as profit warnings started to roll in.
In Tuesday's Fast Money Pops & Drops post we mistakenly reported that Celgene stock dropped after the firm reported revenues on the low-end of projections...
Following are the day’s biggest winners and losers. Find out why shares of Morgan Stanley and Dow Chemical popped while Reynolds American and Celgene dropped.
Robert J. McCann, the head of the brokerage division at Merrill Lynch, is leaving the firm. The announcement was made by John Thain, Merrill's chief executive and president of Bank of America's global banking. This comes just days after the completion of Merrill's acquisition by Bank of America .
Vacancy rates in office buildings exceed 10 percent in virtually every major city in the country and are rising rapidly, a sign of economic distress that could lead to yet another wave of problems for troubled lenders.
Wall Street closed out its worst year since the Great Depression on Wednesday. For the year, the Dow fell 33.8 percent...
Citigroup plans to announce a new executive compensation system in which the top executives at the firm will see sharp reductions in their yearly pay packages if the firm's fortunes continue to sour, people close to the firm tell CNBC.
Under fire for regulatory missteps, top U.S. securities regulator Christopher Cox defended his agency's record but acknowledged some regrets...
Technology shares and the financials have been tough to trade this year. Is it time to dip a toe – or will you just get burned?
Byron Wien, chief investment strategist at Pequot Capital Management, told CNBC that 2009 will be better than most people expect. Wien shared his insight on the markets and the economy with the Squawk Box crew Thursday morning.
After receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.
The S&P 500 rose on Friday after the U.S. government said it would throw a $17.4 billion lifeline to automakers grappling with falling consumer demand.
Standard & Poor's lowered the credit ratings and outlooks for 12 major U.S. and European banks Friday, including Goldman Sachs and Bank of America, citing increasing industry risk and a deepening economic slowdown.
It may be the season to be wealthy — at least on Wall Street, where banks are awarding annual bonuses despite a growing outcry over pay, the New York Times reported.
The Dow fell for the second day on Thursday after Standard & Poor's threatened to strip General Electric of its 'AAA' credit rating and slumping oil prices crippled energy shares.
Stocks declined Thursday as worries about General Electric's credit and the fate of the auto industry weighed on the market.
U.S. stock index futures were mixed Thursday as the possibilty of global interest rates at zero increased and deals both broke down and reemerged.