While regulators and legislators try reduce the footprint of domestic institutions. American banks continue to lag. » Read More
CIT Group a commercial finance company struggling to secure funding for billions of dollars of debt maturing this year, said Monday it has secured $3 billion of financing from Goldman Sachs Group.
Oil's record jump to $139 a barrel at the end of last week defies any single explanation, although some leading analysts and producers predict the price could yet go higher.
Fasten your seatbelt, it could be a wild ride on Wall Street again this week as investors lick their wounds from Friday's market mayhem and brace for a key inflation report.
Some may point to how RBS has stronger risk management than rivals, but the problem for many shareholders is the lack of oversight over CEO Fred Goodwin.
The Dow plunged more than 400 points as the sharpest jump in the unemployment rate in more than 20 years and rocketing oil prices sparked concerns about stagflation. Oil jumped more than $11 a barrel to close at a record $138.54.
Stocks plunged as the sharpest jump in the unemployment rate in more than 20 years and rocketing oil prices sparked concerns about stagflation. Oil jumped more than $11 a barrel to close at a record $138.54.. Chevron was the lone star on the Dow. Nat Semi jumped -- a rare feat on this landslide day -- after the chip maker posted better-than-expected earnings.
Stocks plunged after the sharpest jump in the unemployment rate in more than 20 years and news that wholesale inventories ballooned. Oil jumped $6 a barrel. Chevron was the lone star on the Dow. Nat Semi jumped -- a rare feat on this landslide day -- after the chip maker posted better-than-expected earnings.
Verizon Wireless agreed to buy Alltel for $28.1 billion, including $22.2 billion in debt, vaulting the combined company to first place in the U.S. mobile services market ahead of AT&T.
Britain's Vodafone confirmed on Thursday that U.S.-based Verizon Wireless, in which it has a 45 percent stake, is in advanced talks to buy U.S. rural mobile service provider Alltel.
Apple reached a deal to sell iPhones in Japan by the end of the year. In Wednesday’s Web Extra find out how the traders are playing the news.
Stocks finished mixed as investors juggled some encouraging economic news and concerns about the financial sector. Lehman Brothers rebounded, while bond insurers plunged. Oil dropped below $123 a barrel.
Stocks ticked higher amid some encouraging economic data. Lehman Brothers rebounded after a recent slide but financials remained under some pressure ahead of a slew of earnings out of the sector next week. Oil dropped below $123 a barrel.
Stocks opened lower but quickly bounced as investors juggled worries about financials against some upbeat economic news. American Express led Dow gainers. Lehman rebounded, while Bank of America fell. Oil dropped below $123 a barrel.
Stocks tumbled after General Motors and Ford reported sharp drops in May sales. Prior to the news, it was a yo-yo session as a $2 drop in oil prices dragged on energy stocks and concerns lingered about financials. The market popped several times after some good news, including a jump in factory orders, GM's restructuring plan and comments from Federal Reserve Chairman Ben Bernanke, but gains quickly fizzled.
The Dow fell sharply on Monday after S&P jolted three leading U.S. banks with downgrades and Wachovia ousted CEO Ken Thompson. What's the "Word on the Street?"
Downgrades of three U.S. investment banks, an ouster of Wachovia's CEO and a bleak U.K. housing outlook reignited fears about the global credit crunch.
Standard & Poor's cut the ratings of Lehman Brothers, Merrill Lynch and Morgan Stanley and said the outlook for large US financial institutions is now mostly negative.
It's the last day of the month and no one wants to be a hero. But the Street is struggling to find a narrative -- it's not clear where we are, so instead of broad narratives I am getting a lot of little stories. Here are a few observations...
John F. Marshall spent decades teaching at business schools and watching his students parlay his lessons into fortunes on Wall Street. But when he and another professor reached for some of those riches themselves, events took a startling turn, the authorities say.
Dell up 8 percent pre-open on a stronger than expected report. But oil is up, bonds are reversing their recent decline, and other metals like gold and copper are up slightly today, though a modest dollar rally continues.