A proposed merger in Malaysia will create the first Islamic bank that will have enough clout to challenge conventional, often Western, banks.» Read More
HSBC’s new chief executive has dropped plans to relocate to Hong Kong, choosing to remain in London. The FT reports.
Stocks closed up modestly, easing off the highs of the day, as upbeat earnings reports and rising commodity prices gave a lift to the market. BofA and Intel rose, while Verizon fell.
Stocks gained, although they traded down from the highs of the day, following a handful of positive earnings reports and rising commodity prices. BofA and Intel rose, while Verizon fell.
Retail stocks are in focus after much of the East coast was blanketed by a blizzard Sunday.
Stocks struggled to gain Thursday, as a handful of positive economic news barely budged the market after FedEx posted disappointing results—but raised its outlook. John Morris, managing partner at Crestwood Advisors and Sarat Sethi, partner and portfolio manager at Douglas C. Lane & Associates shared their insights.
Legendary tech fund manager Dan Niles of Alpha One Capital Partners reveals three names on his radar for 2011. Are they on yours?
Irving Picard is busier than a garment district loan shark after the Yankees drop a double header to The Mariners.
What is Sri Lanka’s contribution to global outsourcing? Accountants. The New York Times reports.
This global bank has been falling since Oct. 26, when it reported a stunning drop in investment-banking business. It rebounded briefly from that decline, made a lower high, and then plunged.
Investors ran for the exits on Tuesday pushing the S&P sharply lower as overseas developments threatened to derail the very foundation of recent market strength.
The euro is likely to lose some of its strength over the short term, but if Ireland asks for bailout funding and establishes a clear mechanism of how it will work, some nerves in the markets will be settled, Richard Yetsenga, global head of emerging-markets currency strategy at HSBC told CNBC Monday.
Stocks pared losses in the last few minutes of the session to end higher capping a stellar week for the markets marked by Republican gains in Congress, the Fed's decision to pump more money into the economy, and a surprising strong jobs report. Alcoa and JPMorgan rose.
Stocks pared losses but remained mixed in the last minutes of Friday's session as stronger-than-expected U.S. job gains in October failed to continue a rally that led stocks to two-year highs on Thursday. Kraft and Merck fell, Alcoa rose.
Stocks were mixed and the dollar rose a day after the markets surged to two-year highs, as investors absorbed the meaning of a surprising surge in payrolls in the wake of the Federal Reserve plans to pump more money into the economy. Kraft fell, BofA surged.
The Commodity Futures Trading Commission is suddenly on the move, opening 419 investigations in the last year, the New York Times reports.
Stock index futures were mixed as the dollar rose after the government reported a surprising surge in October nonfarm payrolls.
Hundreds of South Korea’s small and midsized exporters have threatened to boycott a number of significant foreign-owned banks after they suffered heavy losses from currency derivative investments. The FT reports.
Northern Trust saw upside option activity yesterday after the U.K.'s Daily Mail reported that the asset management and banking firm might be a takeover target.
Stocks sold off in the final hour of trading but ended higher at the highest levels since late April, as the dollar slid. Worries about the foreclosure crisis continued to temper overall market gains. DuPont and Kraft rose, while BofA and JPMorgan fell.
Stocks pared gains but remained higher Monday as the weak dollar boosted materials, but big banks slumped following the continued fallout of the foreclosure crisis, tempering overall market gains. DuPont and Alcoa rose, while Bank of America and JPMorgan fell.