U.S. fruit distributor Chiquita Brands International Inc will buy Irish fruit firm Fyffes Plc to create the world's largest banana supplier.» Read More
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Both the Dow and S&P closed in positive territory with optimism about potential M&A deals trumping concerns about trade friction between the United States and China.
The S&P 500 closed lower for the fourth day in a row after the latest economic reports suggested that the job market could trip up the recovery.
Three major M&A deals rocked the Street on Monday. How should you trade in the aftermath?
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ADP said May private sector jobs fell by 532k, about in line with expectations of a drop of 525k. The good news is that the level of job losses has clearly stabilized; the bad news is that we are still not seeing much of an increase in hiring. Bottom line: unemployment rate will continue to rise, at least in the near future.
The Dow slid lower on Tuesday as investors paused to reassess the likely success of the government's latest plans to clean up bank balance sheets and revive the financial system,
Even in this anemic market, it appears the urge to merge is alive and well.
The trustee overseeing the liquidation of Mr. Madoff’s brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented, the New York Times reports.
Financial stocks continue to take a beating, but Anton Schutz, portfolio manager of Mendon Capital, sees opportunities in financials with “too much capital.”
The past 14 days have left the financial industry wounded like never before. Who are the new winners on Wall Street?
CNBC has learned that an historic meeting is planned for Thursday evening to discuss the financial and housing crisis. What’s the word on the Street?
Lehman Brothers is in talks with prospective buyers to sell about $30 billion in commercial mortgage assets and other hard-to-value securities, the New York Post reported on its website.
The Dow closed modestly higher on Wednesday after the Federal Reserve held its key interest rate steady. What's the "Word on the Street?"
What are the options trades in Lehman Bros. stock saying about the brokerage's future?
Lehman has slashed its risky debt holdings by as much as 25% and raised $8 billion in capital this year to shore up its balance sheet, according to an internal memo obtained by CNBC
Lehman shares rebounded sharply on news that a big bond fund manager is buying the firm's debt and some positive comments from other Wall Street firms.
The U.S. credit crisis is easing and the risk in housing is dramatically lower now, but economic growth will remain under pressure , the CEO of Merrill Lynch said.
Is it time to jump back into beaten-down financial stocks--or is it still too early? Even the financial giants themselves can't agree.
Goldman Sachs said Tuesday it selectively upgraded shares of some brokers and asset managers, but remains cautious on stocks of regional banks, mortgage and specialty finance companies and real estate investment trusts.