Japan is in the middle of a "big monetary experiment," from which market volatility should be expected, Ben Broadbent, a member of the Bank of England's Monetary Policy Committee, told CNBC.» Read More
Bank of America Corp. rose$. 15 or 1.1 percent, to $13.51. Citigroup Inc. rose$. 71 or 1.4 percent, to $51.32. Goldman Sachs rose $2.64 or 1.7 percent, to $157.11.
Bloomberg's response to its privacy scandal is coming under increasing criticism despite more than a week of statements from the company. CNBC poses six questions for the company.
The process of matching jobless workers to vacancies is deteriorating in the euro zone, according to Goldman Sachs.
NEW YORK-- Shares of J.C. Penney fell in premarket trading Friday, the morning after it reported an even wider loss than analysts' already-dismal estimates. The results show that J.C. Penney Co. Inc. is still reeling from the turnaround plan orchestrated by its former CEO Ron Johnson, who was ousted last month after less than a year and a half on the job.
FHFA oversees the government-controlled Fannie Mae and Freddie Mac, the mortgage financiers that own or back about half of all U.S. home loans. Bank of America Corp, Goldman Sachs Group Inc and Wells Fargo& Co were among his top 20 contributors in his last election, according to the Center for Responsive Politics.
Bank of America Corp. fell$. 08 or. 6 percent, to $13.36. Citigroup Inc. fell$. 73 or 1.4 percent, to $50.61. Goldman Sachs fell $1.14 or. 7 percent, to $154.47.
J.C. Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
May 16- Retailer J.C. Penney Co Inc's operating margins plunged in the first quarter on weak sales and heavy clearance deals, as its new chief executive promised more promotions and a return to basics to win back shoppers.
Bank of America Corp. rose$. 02 or. 1 percent, to $13.46. Citigroup Inc. fell$. 13 or. 3 percent, to $51.21. Goldman Sachs rose$. 32 or. 2 percent, to $155.93.
Bank of America Corp. rose$. 04 or. 3 percent, to $13.48. Citigroup Inc. fell$. 24 or. 5 percent, to $51.10. Goldman Sachs rose $1.03 or. 7 percent, to $156.64.
LONDON, May 16- Sterling is likely to fall sharply against the dollar in the coming months, as the British economy lags a U.S. recovery and on expectations a new Bank of England chief will push for significant monetary easing. Options traders cite demand for bets sterling will drop to $1.4620 by mid-August, a three-year low, from $1.5250 on Thursday.
*Cisco jumps after earnings, outlook. *Wal-Mart slips after earnings miss. NEW YORK, May 16- U.S. stocks were poised for a slightly lower open on Thursday, indicating the Dow and S&P 500 may ease from their most recent record highs after softer-than-expected data on the housing and labor markets.
*Cisco jumps after earnings, outlook. *Wal-Mart slips after earnings miss. Wal-Mart Stores Inc, the world's largest retailer and a barometer of consumer spending, fell 2.5 percent to $77.86 in premarket trade after posting a quarterly profit that missed Wall Street expectations, with sales down 1.4 percent at U.S. stores open at least a year.
*Cisco jumps after earnings, outlook. NEW YORK, May 16- U.S. stock index futures were little changed on Thursday, indicating the S&P 500 may remain near its newest record high ahead of data on the housing and labor markets.
The Bloomberg uproar highlights the uncertain and rapidly changing ethical landscape facing companies that, like Bloomberg, are reinventing the news business.
Inbound M&A into India totals $9.86 billion this year, the highest in Asia, Thomson Reuters data shows, pointing to growing confidence among overseas firms in the potential of a 1.2 billion-strong consumer market. "India as a country is under-consumed. In 2012, foreign direct investment into India dipped about 7 percent to $29.3 billion.
JPMorgan's statement comes after Bloomberg acknowledged late last week that its reporters had limited access to data about clients' terminal usage, such as when a customer logs in, contacts the help desk or delves into the system for information about assets, such as equities or bonds.
Bank of America Corp. rose$. 10 or. 7 percent, to $13.44. Citigroup Inc. rose $1.25 or 2.5 percent, to $51.34. Goldman Sachs rose $1.09 or. 7 percent, to $155.61.
Tesla announced plans to offer another 2.7 million shares and said CEO Elon Musk will buy another $100 million worth of Tesla stock. Shares shot up after-hours.
NEW YORK, May 15- JPMorgan Chase& Co, one of the biggest customers of Bloomberg LP, said on Wednesday it has sent a formal legal request asking the financial data and news company to provide details of what bank information Bloomberg News reporters had been able to see.