If the Supreme Court rules in favor of Halliburton and against shareholders, then other businesses will gain, as well.» Read More
Nonfarm payrolls up just 18,000, well short of expectations of 70,000, weakest since August 2003. The November number was revised upward to 115,000 from 94,000 and futures dropped ten points initially. The dollar weakened.
Will Citigroup cut its long established dividend? Not even remotely possible, says one analyst.
Stocks closed sharply higher after a rebound by the battered financial sector spread across the entire market.
Several large U.S. banks reported slowing profit growth on Tuesday amid struggles with interest-rate pressures and rising loan losses, including from mortgages. Wells Fargo, the fifth-largest U.S. bank, bucked the trend, boosting profit 11% despite its large exposure to the struggling mortgage sector.
New York Attorney General Andrew Cuomo's office expanded a sweeping investigation into the student loan industry with subpoenas and information requests to 13 more lenders, including some of the largest U.S. banks. Among them: Bank of America; Citizens Financial Group, a unit of Royal Bank of Scotland; JPMorgan Chase; National City; PNC Financial Services Group; Regions Financial; SunTrust Banks; US Bancorp; Wachovia and Wells Fargo. Cuomo's office also sent inquiries to three closely-held student lenders: Access Group, College Loan Corp. and EdFinancial Services.