There’s so many types of beer to choose from, when it comes to socializing, yet it looks like the long-term trends for beer is falling flat.» Read More
UBS CEO told CNBC Tuesday that the company is reaping the benefits of its radical restructuring, after the company reported a net profit of 988 million Swiss francs, beating expectations of a 510 million Swiss francs profit.
Take a look at some of Monday's midday movers:
The Fed is expected to repeat its dovish message in the coming week, which could provide a safety net for the market amid a big wave of earnings and the April jobs report.
German Chancellor Angela Merkel warned on Monday that euro zone members must be prepared to cede control over certain policy domains to European institutions.
Italian prosecutors stepped up investigations into alleged fraud at Monte dei Paschi bank by ordering police to gather evidence from JP Morgan, one of several foreign lenders linked to the scandal.
Italian prosecutors said they have ordered the seizure of 1.8 billion euros ($2.4 billion) of assets from Japanese bank Nomura as part of an investigation into a suspected fraud.
A new survey shows that the highest-paid internships aren't on Wall Street but in technology and social media.
Genetic testing equipment maker Life Technologies has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific, in one of the year's biggest corporate takeovers.
General Electric agreed to buy oilfield services provider Lufkin Industries to expand its profitable oil and gas business.
Some of the names on the move ahead of the open.
Mitsubishi UFJ Financial Group, Japan's largest lender by assets, is in advanced talks to buy U.S. commercial property loans from Deutsche Bank worth about $3.7 billion.
Squawk Box Europe anchors discuss Deutsche Bank, Vedanta and Generali.
At car dealers across the United States, loans to subprime borrowers are surging — up 18 percent in 2012 from a year earlier, to 6.6 million borrowers. And it's the Federal Reserve that's made it all possible.
Some smaller regional lenders are seeing increasing commercial loan demand. Here are previews for the five largest U.S. regional banks by TheStreet.com.
Bank of America agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed.
Global markets took a roller-coaster ride after a European official's comments sparked fear that the new normal in Europe will be hitting up a bank's own customers in a bailout.
German markets watchdog Bafin is set to tell Deutsche Bank of "organizational flaws" in how it supervised its contribution to setting Libor rates, sources familiar with the investigation said.
Deutsche Bank cut its previously reported 2012 pretax profit by 600 million euros, hit by new charges related to mortgage-related lawsuits and other regulatory investigations.
Cyprus? Let us not protest too much, or pretend to be too shocked.
As the conclave to elect a new pope begins Tuesday, the specter of financial scandal presents a challenge for Pope Benedict's XVI's successor. The NYT reports.