Tokyo police arrested a Deutsche Securities employee for suspected bribery after the Deutsche official spent thousands of dollars on entertainment.» Read More
The $19.5 billion sale of the radio broadcaster Clear Channel Communications to two private equity firms is in jeopardy.
Eliot Spitzer took office as New York's governor on the first day of 2007, with a record margin of victory. But his first year as governor was rocky and his reform-based platform hit early roadblocks.
You might have seen the headlines. You might have seen curious press pics and television news clips with German top managers, such a Klaus Zuminkel, the (since pushed into resigning) CEO of Deutsche Post, led in handcuffs from their homes, a battalion of tax investigators bearing boxes of documents trailing triumphantly.
German banks may face further write-downs given the difficult market situation, Deutsche Bank Chief Executive Josef Ackermann told Germany's Bild newspaper in an interview published on Monday.
German Finance Minister Peer Steinbrueck said on Friday that prosecutors' investigations into suspected tax dodging by Deutsche Post AG chief executive Klaus Zumwinkel were damaging to public confidence.
Deutsche Postbank largely avoided the subprime crisis and lifted net profit by a quarter last year to 870 million euros, mainly due to tax rule changes, Germany's biggest retail bank said on Friday.
SPACs are the newest investment vehicle attracting money. Are they also the next one to go bad?
Wild volatility has become such a norm in the stock market that it's impossible to imagine anything but another rocking week ahead.
The good news is that we broke the three day jinx and did not end at our lows for the day. More good news: retailers for the most part did not drop, despite poor January sales. The bad news: a stronger midday rally was quashed. Worse, selling intensity picked up notably at the top, which occurred right after 2 PM ET.
Germany's Deutsche Bank reported better-than-expected fourth-quarter earnings Thursday, with smaller quarterly writedowns related to credit and subprime losses.
Cisco's downbeat earnings comments could make a dent in stocks Thursday morning. Ahead of the opening bell, investors will also be watching rate meetings by the European Central Bank and the Bank of England.
Futures dropped at 8:30 ET because jobless claims numbers higher than expected have somewhat hopes that the nonfarm payrolls report tomorrow will be stronger than expected. There are two noteworthy trends from companies announcing earnings:
Standard & Poor's fired a fresh shot across the bows of the battered European banking sector on Wednesday, cutting its outlook on five European banks to negative from stable, suggesting downgrades are more likely.
It will take at least a year to assess the impact that the fallout of the U.S. subprime crisis has on the European banking sector, but investors can bottom fish for some good opportunities, analysts said on Monday.
There seems to be a “coalescence” of good news for the market, Cramer says.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Indian billionaire Anil Ambani's Reliance Power raised $3 billion within a minute when the country's biggest initial public offering was fully subscribed on Tuesday as investors flock to new issues in the booming economy.
Citigroup and Merrill Lynch were the world's top underwriters of stocks and bonds in 2007, measured by volume and reported fees, despite being at the epicenter of the global credit crisis.
Stocks posted their biggest gains in a week even though a series of strong economic reports cast doubts about whether the Federal Reserve will cut interest rates next week.
Josef Ackermann, Chief Executive of Deutsche Bank, has turned down an approach from Citigroup about taking the CEO job vacated last month by Charles Prince, the Financial Times reported.
Selling in the financial sector bit into Tuesday's stock market performance and could do the same Wednesday. After the bell Tuesday, Fannie Mae announced that it was issuing $7 billion in preferred stock and chopping its dividend by 30 percent.