Knight Capital, which recently agreed to be bought for $1.4 billion by Getco Holding, plans to sell its credit-brokerage unit to Stifel Financial, a person familiar with the matter told Reuters.
Federal Reserve Chairman Ben Bernanke is preparing for a most sensitive task: telling jittery investors who have grown accustomed to the U.S. central bank's ultra-easy monetary policies that things will eventually have to change.
As BlackBerry launches the first smartphone from its make-or-break BB10 line in India, one of its most loyal markets, the company faces new competition from a formidable rival.
The symbolism was strong but America's trade results were weak as President Barack Obama visited East Asia right after his reelection last November, a year after his shift to a more comprehensive trans-pacific engagement.
Benchmark oil prices are set to weaken further this week though losses may be limited if U.S. Federal Reserve Chairman Ben Bernanke defends the central bank's stimulus efforts this week at his semi-annual testimony to Congress.
Hewlett-Packard CEO Meg Whitman told CNBC on Friday that there are no plans to break up the technology company and that revenue growth will accelerate in 2014.
Home sales are slowly climbing back thanks in some part to the so-called "strategic defaulters" - investors and homeowners who once walked away from their commitments but are now coming back to the market.
The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday.
A U.S futures-market regulator said it will block Jon Corzine, the former chief executive of failed broker MF Global, from the industry unless he clears an investigation into his fitness as a participant.
38 days after the Federal Aviation Administration grounded the Boeing 787, executives from the airplane maker are laying out their plan to get the Dreamliner back in the air.
A major snow storm that shuttered airports in Missouri, stranded truckers in Illinois and buried parts of Kansas in knee-deep powder was promising a possibly dangerous commute Friday morning as it crawled northeast.
Homeowners who received help on their second mortgage are still facing foreclosure on their first mortgage, according to housing advocates, the New York Times reports.
Charge a fee to use your credit card? It's legal for merchants to do that, unless barred by state law. Ten states already ban such surcharges and more may join the list. The legislatures in 11 other states are currently considering bills that would prevent these so-called "check out" fees.
Despite an increasingly large Fed balance sheet, a top official at the central bank said the fear of losing money should not stop it from providing aggressive support to the U.S. economy now.
Citigroup said on Thursday it has overhauled an executive pay plan that shareholders rejected last year as overly generous, revising it to tie bonus payments more closely to stock performance and profitability.
The focus on the sequester is obscuring the real issue which is the exploding cost of entitlements, Stanley Druckenmiller founder of Duquesne Capital, told CNBC.
Tom Bennett is with Jim Giles Safe Rooms of Oklahoma and also a board member at the National Storm Shelter Association. Bennett discusses his business of storm shelters.