General Motors is already feeling the backlash of its decision not to sell European automaker Opel to Magna International, as workers in Germany went on strike.  GM faces not just ire over American-European cultural differences, but worker unease at job security, European-style.

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Keeping Opel is the best strategic option for General Motors given the improved economic conditions, but the automaker needs to appease German politicians' and trade unions anger over its about-face and adapt itself to German ways, European analysts said Wednesday.

Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.

Britain's two largest retail lenders have agreed to a massive shake-up of the UK banking sector that will see both sell hundreds of branches and key businesses to appease EU competition concerns over state aid.

Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.

Credit-rating agencies would be more tightly regulated under legislation approved on Wednesday by the House Financial Services Committee.

The linking of Advanced Micro Device's former top executive to the largest U.S. insider trading scheme in decades may raise questions about its business practices.

Galleon Group founder Raja Rajaratnam, accused in the biggest ever U.S. criminal prosecution of insider trading at a hedge fund, retained high- powered Washington lawyer John Dowd to represent him.

Billionaire activist investor Nelson Peltz will be elected to Legg Mason's board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years.

Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.

Billionaire Galleon hedge fund founder Raja Rajaratnam, criminally charged in what U.S. authorities describe as the biggest hedge fund insider trading case ever, met the conditions of his $100 million bond on Thursday, a spokesman said.

Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.

The Federal Reserve should raise interest rates now or the US economy will be faced with another bubble, Barron's warned in its cover story; but analysts say this will not happen.

Despite recent warnings that the rally may be over, stock markets face a "meltup" as institutional investors will now feel obliged to buy to deliver returns, Philippe Gijsels, senior equity strategist at Fortis, told CNBC Monday.