Asian stocks declined on Wednesday following a weak handover from Wall Street and as investors showed little reaction to news of a U.S. budget deal.» Read More
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
Better keep your wits about you, it looks like we’re entering bear territory. What's the "Word on the Street?"
1) Reliance Steel just jumped 5 percent as they updated guidance, raising it 30 percent from previous guidance, due to much higher increases in carbon steel prices.
A South Korean high court on Tuesday cleared U.S. private equity house Lone Star of manipulating the stock price of a former credit card unit of Korea Exchange Bank, rejecting an earlier ruling.
More Wall Street firms, facing the specter of tougher regulation and slumping capital markets, will follow the path of Bear Stearns and be forced into the arms of deposit-rich commercial banks, veteran banking analyst Charles Peabody told Reuters.
As discontent grows inside Lehman Brothers over the firm's financial problems, pressure is building on Chief Executive Officer Richard Fuld to sell the securities firm to a bigger player, CNBC has learned.
With the tear that Talbot’s stock price has been on, I think that it is safe to say that investors like what they heard from CEO Trudy Sullivan yesterday. Still that $50 million credit facility that it secured from Japanese retailer Aeon (also TLB’s largest shareholder) is a relatively small step in what will be a big turnaround project.
HSBC, Europe's biggest bank, might consider pulling out of a $6.3 billion deal to take over South Korea's No. 6 bank, Korea Exchange Bank, its Asia chief said on Wednesday.
Some of the nation’s biggest banks have closed their doors to students at community colleges, for-profit universities and other less competitive institutions, the NYT reports.
The chief executive of Europe's biggest lender on Tuesday called on central bankers to raise interest rates in order to combat inflation.
HSBC said on Monday it was committed to a $6.3 billion takeover of South Korea's No. 6 bank, but warned it would not wait forever for approval of a deal seen as a major test of the country's openness to foreign investors.
Stocks started the week off higher, led by financials and technology stocks. RIMM and MBIA rose, while HP declined.
Stocks started the week off higher as the dollar rose to a two-month high and oil receded. MBIA bounced despite reporting an astouding quarterly loss.
HSBC writes down $3.2 billion in bad debt and says 5% of US mortages are 2-months or more overdue. But profit, shares rise.
The global imbalances story is well documented. The spend thrift United States has borrowed trillions at a government and consumer level whilst cash rich economies in Asia and the Middle East have been more than willing to fund the spending spree
British bank First Direct has withdrawn mortgages for new customers to clear a backlog after people flocked to its relatively cheap rates as other lenders raised rates due to the credit crunch.
HSBC Holdings, Europe's largest lender, may make acquisitions in the United States and has no plans to pull out of that market despite the subprime mortgage woes, the South China Morning Post reports.
Shares in HSBC jumped on Monday after reports the global lender will try to raise its stake in China's fifth-largest lender, a move that would be further evidence of its shift to Asian markets.
South Korea's corporate watchdog, the Fair Trade Commission, approved HSBC Holdings'planned acquisition of Korea Exchange Bank, saying the merger would not hurt marketcompetition. Lone Star Funds signed an agreement to sell its 51% stake in KEB to HSBC Holdings for over $6.3 billion last year.
Following are the day’s biggest winners and losers. Find out why shares of HSBC (HBC) and Supervalu (SVU) popped while Google (GOOG) and LDK Solar (LDK) dropped.