A regulatory filing on behalf of Suffolk County shows it missed an interest payment on some of its debt, putting the county technically in default.» Read More
NEW YORK, May 7- Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America. The New York State Supreme Court's Appellate Division, First Department, reversed on Tuesday, finding that CIFG had done enough by having an outside consultant analyze the loans.
May 3-:* Zions Bancorporation: Guggengeim raises target price to $28 from $26; rating neutral. rating buy* Suntrust Banks Inc: Guggengeim raises target price to $33.50 from $32.50; rating neutral* Regions Financial Corp: Guggengeim raises target price to $10 from $9.50; rating buy.
*Zions Bancorporation: Guggenheim raises target price to $28 from $26; rating neutral. *Wells Fargo& Co: Guggenheim raises target price to $47 from $46.50; rating buy. *Citigroup Inc: Guggenheim raises price target to $58 from $57; rating buy.
A regulatory filing on behalf of Suffolk County shows it missed an interest payment on some of its debt, putting the county technically in default.
*Dish Network makes offer for Sprint. NEW YORK, April 15- U.S. stock index futures were lower on Monday, putting the S&P 500 on track to dip for a second consecutive session after data from China showed slower growth than anticipated. *Freeport-McMoRan Copper and Gold lost 5.7 percent to $30.10 and Rangold Resources stumbled 8.9 percent to $68.58 in premarket trade.
*JP Morgan, Wells Fargo shares fall after results. *Home Depot rallies on upgrade, limits losses in the Dow. Shares pared losses in the final hour of trading, with the Dow helped by a rally in Home Depot.
*JP Morgan, Wells Fargo shares fall after results. "We're due for choppiness given the run we've had, especially since the strong data we've seen recently looks increasingly misleading," said Hank Herrmann, chief executive of Waddell& Reed Financial Inc in Overland Park, Kansas.
NEW YORK, April 12- M&T Bank Corp's proposed purchase of Hudson City Bancorp Inc will probably take more time to close than previously expected because of U.S. regulatory concerns over anti-money-laundering procedures, the banks said on Friday.
April 12- M&T Bank Corp and Hudson City Bancorp Inc said on Friday it may take more time than expected for the U.S. Federal Reserve to rule on M&T's proposed $3.7 billion purchase of its smaller rival because of concerns over M&T's anti-money laundering program.
The Senate Banking Committee is set to hold a hearing on Thursday to examine whether regulators inappropriately "outsource" oversight to consultants that are paid billions of dollars by the banks. The NY Times reports.
There's a lot at stake this earnings season, and the financial sector, the biggest stock market winner of the past year, will be put to the test Wednesday.
Now why does a commodity trader care about earnings? To start, the results will affect movement in both S&P and Nasdaq futures. It also gives traders a read on the mood of the country, how consumers are spending and how companies are preparing to move forward. In my opinion, all of will can effect prices and demand for commodities.
HARRISBURG, Pa., Nov 28- A state ban preventing Harrisburg, Pennsylvania, from filing for municipal bankruptcy protection is due to expire after Nov. 30, giving the debt-laden capital a powerful tool for negotiating with creditors: the threat of bankruptcy.