WASHINGTON— Unsatisfied with a fragile cease-fire in Ukraine, the United States and the European Union levied new sanctions Friday against major Russian banks and defense companies, as well as penalties aimed at curtailing Russia's ability to develop oil and gas projects.
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
*Seifi Ghasemi to replace John McGlade. June 18- Industrial gas producer Air Products& Chemicals Inc named Seifi Ghasemi chief executive, amid pressure from Bill Ackman to overhaul its management, sending its shares up 8 percent to a life-high.
*First quarter adj profit $0.33/ shr vs est $0.20. May 22- Best Buy Co Inc reported a better-than-expected quarterly profit, showing signs that Chief Executive Hubert Joly's turnaround efforts were progressing and sending the company's shares up as much as 8.5 percent in morning trading.
April 23- Procter& Gamble Co, the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by cost cutting and stronger sales of items like detergent and air freshener.
Still, it's the more mundane details such as due diligence in hiring that could choke Oppenheimer and Morgan Stanley if regulators extend their investigations, lawyers said.
Meredith Whitney is hoping to apply her financial advisory skills to hedge funds, but it's not clear if investors will buy in.
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.
A bigger-than-expected drop in durable goods orders sparked new worries about manufacturing, causing speculation the Fed may reduce its tapering plan.
Forget about iPhone sales, because there's a much more important indicator of where Apple will go. And right now, it's flashing a serious buy signal.
Stick with what works, Oppenheimer's John Stoltzfus says.
"It's just not fair" how investors are treating Apple, CNBC's Jim Cramer said Thursday.
NEW YORK-- Oppenheimer Holdings Inc. reported Friday that its third-quarter net income rose 10 percent, as lower expenses helped make the best of flat revenue. Albert Lowenthal, CEO of the New York investment firm, said that while the economy remains uncertain, the U.S. equity markets have continued to perform remarkably well.
The best way to get exposure to emerging markets may be to invest in the affiliates of multinational corporations that are listed on local exchanges, a new study suggests.
Wall Street is losing confidence in online recruiter Monster Worldwide, as the company struggles to find its footing in the rapidly changing market.
We looked at 12 of the biggest Wall Street firms to see what made them decide to stay or leave. In some cases, the firms responded with a statement about how 9/11 has affected them.
The Bank of Nova Scotia is sometimes praised for having a nearly perfect record with its investments in the United States. But it is the only one of Canada’s five large banks that has largely avoided the American market, the New York Times reports.
Considering the string of recent upgrades, should you turn bullish now to get ahead of the curve?
The senior lenders to Chrysler are planning to make a counteroffer to the Treasury Department this week, pushing back on a debt-reduction plan they say is too coercive.
Meredith Whitney is leaving Oppenheimer to start her own firm, the Meredith Whitney Advisory Group.