The facts of Google's first 10 years are impressive.» Read More
Bank of America Corp. rose$. 02 or. 1 percent, to $15.23. Citigroup Inc. rose$. 25 or. 5 percent, to $48.69. Goldman Sachs fell$. 43 or. 2 percent, to $171.90.
Banks are lobbying U.S. policy makers for a delay from a provision requiring them to sell investments in private-equity and venture-capital funds.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.
SINGAPORE/ SYDNEY, Aug 13- The yen held steady versus the dollar on Wednesday, showing limited reaction to the widely expected contraction in Japan's economy in April-June, while the euro hovered above the previous day's lows.
Japan's economy contracted sharply in the second quarter, data on Wednesday showed, as a nationwide consumption tax that took effect in April dragged on its recovery.
SYDNEY, Aug 13- The euro nursed only modest losses early on Wednesday, having regained quite a bit of ground as markets got over a closely watched report that showed a slump in German economic sentiment. The common currency last traded at $1.3369, after coming within a whisker of a nine-month trough of $1.3333.
Aug 12- FleetCor Technologies Inc said it would buy payments processing company Comdata Inc from Ceridian LLC for $3.45 billion in its biggest deal as it looks to expand into the virtual payments market. FleetCor said it would finance the Comdata deal with about $2.4 billion of new debt and the issuance of about 7.3 million common shares to Ceridian.
*Threat of more sanctions on Russia puts off investors. LONDON, Aug 12- With the threat of further Western economic sanctions hanging over Russia, foreign investors are deserting Moscow's equity markets and funnelling cash into other BRICS states, with China a standout beneficiary.
Banking industry profits are soaring to near record levels, boosted by the fastest increase in lending since Great Recession, The Wall Street Journal reports.
Bank of America Corp. rose$. 02 or. 1 percent, to $15.22. Citigroup Inc. fell$. 06 or. 1 percent, to $48.39. Goldman Sachs rose$. 20 or. 1 percent, to $172.46.
Two investment firms said they would buy half of the portfolio companies held by JPMorgan Chase & Co's private equity business, One Equity Partners.
U.S. stocks pared gains in light volume trading on Monday as investors looked for signs of easing in geopolitical tensions.
Bank of America Corp. rose$. 04 or. 3 percent, to $15.24. Citigroup Inc. rose$. 05 or. 1 percent, to $48.50. Goldman Sachs fell$. 33 or. 2 percent, to $171.93.
IOWA CITY, Iowa— A Des Moines attorney and four area businessmen deceived banks into selling homes to them at below market rates, then immediately resold the properties for profit without the lenders' knowledge, federal prosecutors say.
Bank of America Corp. fell$. 01 or. 1 percent, to $15.19. Citigroup Inc. fell$. 04 or. 1 percent, to $48.41. JPMorgan Chase fell$. 01 or percent, to $56.33.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.20. Citigroup Inc. rose$. 39 or. 8 percent, to $48.45. Goldman Sachs rose $3.16 or 1.9 percent, to $172.26.
Pfizer confronts surge of lawsuits over Lipitor. Pharmaceutical giant Pfizer is facing a mounting number of lawsuits by women who say the company knew its blockbuster anti-cholesterol drug Lipitor was linked to a small increased risk of type-2 diabetes but never properly warned the public.
Bank of America Corp. fell$. 05 or. 3 percent, to $15.08. Citigroup Inc. fell$. 14 or. 3 percent, to $47.92. Goldman Sachs rose $1.42 or. 8 percent, to $170.52.
Bank of America Corp. fell$. 09 or. 6 percent, to $15.03. Citigroup Inc. fell$. 14 or. 3 percent, to $47.92. Wells Fargo fell$. 14 or. 3 percent, to $49.56.
The M&A wave could be a harbinger of a booming economy...or a collection of last-minute attempts to beat higher debt rates. NYT reports.