The FDIC sued 16 of the world's largest banks on Friday, accusing them of collusively suppressing interest rates, Reuters reported.» Read More
Twitter hopes to woo investors with rip-roaring growth despite never having made a profit in the last three years.
TAIPEI, Oct 4- Taiwan's HTC Corp slid into the red for the first time in the third quarter, adding to the case for the troubled smartphone maker to abandon its prized independence and reach out for a white knight soon.
SAN FRANCISCO, Oct 3- Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc's 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite never having made a profit in the past three years.
The U.S. dollar index fell for a fifth straight session against, hitting an eight-month low, as investors fretted about a U.S. government shutdown.
The previously unknown extent of Rizvi's involvement in Twitter comes as the eight-year-old company prepares for Silicon Valley's biggest coming-out-party since Facebook Inc in 2012..
Former Treasury Secretary Hank Paulson told CNBC he'd comment on JPMorgan's legal troubles, even though he shouldn't. Warren Buffett also weighed in.
Oct 3- The U.S. government shutdown, which entered its third day on Thursday, is beginning to hit the factory floor as concerns grow about the economic consequences of a prolonged stalemate in Congress.
JPMorgan's Global All-Industry Output index, produced with Markit, fell to 53.5 in September from August's 55.1, but held above the 50 threshold for growth for a 15th straight month.
LONDON, Oct 3- Barclays is finding new ways to boost its commodities business, offering trading services as part of a mix of capital solutions and merger advice in an approach showing banks can succeed in keeping trading desks despite tighter regulations.
The Federal Reserve and Federal Deposit Insurance Corp said 11 of the biggest banks operating in the United States first filed their resolution plans in 2012 and were required to submit updated versions by Oct. 1.
One of the more entertaining sideshows of the recent criminal and civil cases against banks and bankers has been the raft of incriminating messages.
TOKYO/ SYDNEY, Oct 3- The dollar rebounded against the yen but struggled close to an eight-month low against a basket of rivals on Thursday as the U.S. government shutdown dragged on and positive developments in Italian politics helped lift the euro.
Oct 2- The trustee liquidating the brokerage unit of MF Global Holdings Ltd has asked a federal bankruptcy judge for permission to return remaining funds to U.S. customers who traded on domestic exchanges.
Oct 2- Siena prosecutors requested that JPMorgan Chase& Co stand trial for obstructing regulators as part of a wider probe into Banca Monte dei Paschi di Siena SpA's purchase of Banca Antonveneta SpA, Bloomberg reported citing people familiar with the matter.
SYDNEY, Oct 3- The dollar languished at eight-month lows early in Asia on Thursday as the U.S. government shutdown dragged on, while positive developments in Italian politics and a watchful but patient European Central Bank helped lift the euro.
*Groups like Club for Growth gain prominence with GOP. As the shutdown of the government approaches its third day, business leaders and groups like the U.S. Chamber of Commerce are worried about the economic implications of a standoff over the debt limit, but their pleas have not moved the Republican leadership in the House of Representatives to action.
Oct 2- Industrial products makers Actuant Corp and Columbus McKinnon Corp are among the bidders for Crosby Group LLC, a lifting equipment company that is valued at around $1 billion, several people familiar with the matter said this week.
This is the unofficial transcript of President Obama's interview with John Harwood as it appeared on CNBC's "Closing Bell."
Stocks eased off session lows but still closed in the red Wednesday, amid mounting worries that the ongoing budget battle in Washington could eventually lead to a failure to raise the country's debt ceiling.
By Jeff Mason and Mark Felsenthal. WASHINGTON, Oct 2- Chief executives from major financial institutions met with President Barack Obama on Wednesday and warned of "adverse" consequences if government agencies remain closed and if lawmakers failed to raise the U.S. debt ceiling by mid-October.