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More than $1 billion has been wiped off earnings estimates for five Wall Street banks on fears of a decline in trading revenues. The FT reports.
Prime Minister Abe got a sign of how his blueprint to revive Japan's economy was working when two of his country's biggest car makers unveiled investments to boost production.
The Fed is expected to take the historic but small step of slowing its easing programs and gradually steer markets toward more normal interest rates.
The Friday jobs report is seen by some traders as make or break for the Fed's decision later this month on whether to taper back its $85 billion monthly bond purchases.
Agriculture prices have gotten crunched this year, but don’t expect your Cap’n Crunch to get any cheaper.
Funds betting on commodity price moves have lost money every month since January, raising doubts about their profitability at a time when the commodity "supercycle" may be over.
CNBC's Scott Wapner reports a source says Jefferies is willing to provide $1.6 billion in financing for Icahn's bid for Dell.
Though Sony is best known for consumer electronics and a few say it needs to revive that business, some analysts argue that it would just be throwing good money after bad.
Some of the names on the move ahead of the open.
Last week, Navistar shares surged 46 percent, but while Wall Street has been bullish, options trading has been less optimistic.
Knight Capital, which recently agreed to be bought for $1.4 billion by Getco Holding, plans to sell its credit-brokerage unit to Stifel Financial, a person familiar with the matter told Reuters.
Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding Co, will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm, according to a regulatory filing released on Monday.
Kinder Morgan Energy Partners will buy natural gas pipeline operator Copano Energy for $3.22 billion to tap into growing demand for infrastructure in Texas and Oklahoma.
Defense shares have continued to be positive going into earnings season (Boeing aside due to 787 problems), even though most analysts believe earnings will be lower than a year ago.
Knight Capital Group said it will be acquired by rival electronic trading firm Getco Holdings in a cash-and-stock deal that the companies valued at $1.4 billion.
Jefferies Group said fourth quarter earnings rose on strong performance in its fixed income unit.
Knight Capital's board was split between two competing offers for the firm after a meeting on Monday where suitors Getco and Virtu Financial presented their sweetened bids to Knight's directors, sources said.
The Dow and S&P 500 closed higher for the day and the week following an upbeat government jobs report and amid ongoing "fiscal cliff" negotiations, while the Nasdaq finished in the red.
U.S. stock market futures quickly reversed their losses to turn higher Friday following a better-than-expected non-farm payrolls report.
The deal only makes sense if you think of it the other way—Jefferies taking over Leucadia. Which, actually, is what’s happening, even if technically the deal is structured the other way.