Hilton raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of its range.» Read More
Shares in Swiss bank Credit Suisse fell by around 3 percent on Monday after a Swiss newspaper reported the bank faced writedowns in its commercial mortgage and leveraged-finance business.
A group led by U.S. investment firm Aetos Capital has outbid Morgan Stanley and others by offering 300 billion yen ($2.7 billion) for a roughly 30 percent stake in Japanese property developer Daito Trust Construction a financial source said on Friday.
A Hong Kong-based unit of China's State Administration of Foreign Exchange (SAFE) has bought small stakes in three Australian banks, the Financial Times reported on Friday.
The surging economies of China and India combined with violence in Nigeria pushed crude over $100 a barrel on Wednesday. What’s the word on the Street?
Merrill Lynch shored up its capital base by as much as $7.5 billion after selling a stake to Singapore's government and an asset manager, and unloading much of a lending business, as it wrestles with huge subprime mortgage losses.
Saudi Arabia plans to establish a sovereign wealth fund that may exceed $900 billion, which would likely be the largest in the world, the Financial Times reported on its Web site without naming sources.
Bad home loans sparked a bear market in bank stocks this year. How will the credit crisis evolve in ’08?
This might have been one of Wall Street's most dismal years in a decade, but that hasn't stopped bonus checks from rising an average of 14 percent.
Merrill Lynch is the topic today: As Morgan Stanley and Bear Stearns have both taken substantial writedowns on their mortgage-related portfolios, there is speculation that Merrill will also be taking writedowns when they report in January.
With losses mounting, Merrill Lynch, the nation's largest brokerage firm, is turning to Asia for financial help.
Goldman Sachs (GS) revealed that they’re expecting one of the most volatile Januarys on record. Why?
Check out the news on Eaton Corp today. The company plans to buy two companies--one in Europe, the other in Asia. That's exactly the type of deal making we can expect to see in the world of M and A next year.
Oracle's strong earnings could give some tech names a bounce Thursday though markets are again being haunted by credit worries, and another Wall Street firm is set to report earnings before the bell.
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Stocks closed mixed after another volatile day that featured lowered outlook for two key insurers, more jitters over credit and mixed results from an effort to shore up financials.
Morgan Stanley posted a stunning fourth-quarter loss after a bigger-than-expected $9.4 billion write-down and sold a $5 billion stake to a China fund to bolster capital.
Morgan Stanley, which Wednesday announced a fourth-quarter loss and a $5 billioncapital infusion from China, will suspend stock buybacks and take a close look at its staffing worldwide, Chief Financial Officer Colm Kelleher said in an interview.
Most companies this morning reported disappointing earnings, and a few highlighted the impact of inflation on their bottom line. 1) Morgan Stanley reported a loss of $3.61 vs. a consensus of a loss of $0.39.
Stocks staged a mini comeback Tuesday after a day that saw indexes seesaw on both sides of the unchanged line. The market once more fretted over the financial sector and could do the same on Wednesday.