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  • LONDON, July 20- Copper hit its lowest in nearly two weeks on Monday as a strong dollar and a plunging gold price weighed, but it recovered to end flat as investors digested upbeat data from China and gains in Chinese and U.S. equities. Gold slumped to a more than five-year low as sellers in China offloaded the metal. If it's focusing on the dollar, that suggests prices...

  • WASHINGTON, July 20- The Federal Reserve will meet on Monday to adopt a new rule for the eight largest U.S. banks to hold more equity capital, amid fears on Wall Street that the measure may make it less profitable. JPMorgan Chase& Co faces the highest surcharge at 4.5 percent, followed by Citigroup at 3.5 percent. Only JPMorgan faces a shortfall of $12.5 billion at the...

  • Morgan Stanley earnings, revenue top estimates Monday, 20 Jul 2015 | 8:46 AM ET
    A person walks by Morgan Stanley's New York headquarters.

    Morgan Stanley delivered quarterly earnings and revenue that topped analysts' expectations on Monday.

  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • LONDON, July 20- Copper hit its lowest in nearly two weeks on Monday, weighed down by a strong dollar, multi-year lows in gold and growing inventories, although upbeat data in China and steadier stock markets there limited losses. The dollar jumped to three-month highs as expectations of a U.S. rate rise gathered pace and gold plunged to a more than five-year low,...

  • July 20- Morgan Stanley reported a better-than-expected second-quarter profit on Monday as its business that trades bonds and equities handily outperformed those of its Wall Street rivals. Morgan Stanley, the last big U.S. bank to report for the quarter, said its net income from continuing operations applicable to the company fell to $1.67 billion, or 85 cents...

  • Morgan Stanley 2Q profit falls 8.5 percent Monday, 20 Jul 2015 | 7:26 AM ET

    NEW YORK— Morgan Stanley's second-quarter results topped Wall Street's expectations Monday, as the investment bank's trading and wealth management businesses helped lift revenue. While Morgan Stanley's profits fell 8.5 percent, that drop was largely because to a tough comparison to the year before, when the bank had a one-time tax benefit.

  • LONDON, July 20- Copper hit its lowest in nearly two weeks on Monday weighed down by a strong dollar, multi-year lows in gold and growing inventories, although upbeat data in China and steadier Chinese stock markets limited losses. If it's focussing on the dollar, that suggests prices are going to struggle, "said Citi analyst David Wilson. It earlier touched $5,429,...

  • Both international and U.S. crude futures posted their third consecutive weekly losses last week on expectations of increased exports from Iran following a deal to ease sanctions against the OPEC producer. Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. Should WTI get back to a level seen last month around $60 a barrel, "U.S. producers will...

  • NEW YORK, July 17- Google Inc's strong quarterly results, which unleashed a massive surge in its shares on Friday, has investors feeling upbeat heading into next week's tech-heavy slate of earnings reports. Among the numerous tech companies releasing earnings next week are International Business Machines, Microsoft Corp and Apple, all of which are expected to...

  • LONDON, July 17- A would-be leader of Libya's $67 billion sovereign wealth fund warned on Friday that conditions were not right to start unfreezing and managing the funds assets, speaking out against a rival's plan. AbdulMagid Breish, once the undisputed leader of the Libyan Investment Authority- which has had four chairmen claiming the top job over two years- is...

  • LONDON, July 17- Amid all the uncertainty swirling around financial markets, one clear picture is emerging for investors: U.S. and UK interest rates will soon rise, while most of the rest of the world is easing monetary policy. Federal Reserve chair Janet Yellen and Bank of England governor Mark Carney this week gave their strongest indications to date that they...

  • LONDON, July 17- The oil market was massively oversupplied in the second quarter and remains so today, the International Energy Agency wrote in its latest monthly oil market report. "The market's ability to absorb that oversupply is unlikely to last. Brent and WTI futures imply the market is willing to pay less than 45 cents per barrel per month to finance and store...

  • TOKYO, July 17- Toshiba Corp is set to overhaul its management after an investigation into its accounting practices concludes early next week, but a more thorough housecleaning, including a writedown on its Westinghouse nuclear business, may be needed to regain confidence amid Japan's biggest corporate scandal in five years. Toshiba said an independent...

  • Rate-anxious traders brace for inflation in CPI Thursday, 16 Jul 2015 | 6:50 PM ET
    Trader on the floor of the New York Stock Exchange.

    Consumer prices are the big news for markets, as traders look for signs that could prompt a Fed hike rate.

  • July 16- Goldman Sachs Group Inc has begun staffing up again after years of cutting back, to build up its investment management business and comply with new regulations. The workers it is hiring are mainly in lower-cost places like Salt Lake City and Bangalore, Chief Financial Officer Harvey Schwartz said Thursday on the bank's second quarter earnings call.

  • *Netflix, eBay, Amazon hit record high. *Goldman Sachs, UnitedHealth drag on Dow after results. July 16- Wall Street rose on Thursday, with the Nasdaq up 1 percent near a record high after eBay and Netflix reported strong quarterly results.

  • *Netflix, eBay, Amazon hit record high. *Goldman Sachs, UnitedHealth drag on Dow after results. July 16- Wall Street rose sharply on Thursday, with the Nasdaq touching a three-week high and the S&P 500 less than 1 percent from its record high, as bellwether companies such as Citigroup, eBay and Netflix reported strong results.

  • *2nd- qtr earnings $1.98/ shr vs $4.10 year earlier. July 16- Goldman Sachs Group Inc reported its smallest quarterly profit in nearly four years on Thursday as it set aside more than $1 billion to cover potential mortgage settlements, and nervous investors pulled back from bond trading. JPMorgan Chase& Co has already agreed to settle for $13 billion, Bank of America...

  • Goldman Sachs pads bottom line with frugal hiring Thursday, 16 Jul 2015 | 12:58 PM ET

    July 16- Goldman Sachs Group Inc is hiring like crazy to expand its investment management business, but because many of its new workers are based in low-cost cities, its costs are still going down. Its workforce of 34,900 employees at June 30 was up 8 percent over a year and up 1 percent since March 31. The bank shifted parts of its workforce that handle tasks, ranging...