Banks must disclose how much they pay top employees, a UK government sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts.
Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital.
Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.
Critics say far more needs to be done in terms of meaningful steps to attack fraud in health care, which drains the system of resources and forces up insurance premiums.
Wednesday, 25 Nov 2009 | Source: The Associated Press
The US will pledge to cut its greenhouse gas emissions by 17 percent by 2020 at a UN climate change meeting in December, which President Obama will attend, the White House said.
Rates on 30-year mortgages dropped in the past week to match a record low set in April, while the 15-year home loan rate fell to a new all-time low, home funding company Freddie Mac said on Wednesday
As much as $7 trillion of debt piled up by banks falls due by the end of 2012, which could force them to refinance their borrowings at higher cost, the Wall Street Journal said, citing a Moody's Investors Service report.
US stock index futures climbed further Wednesday after a batch of data signaling that the US economy was building on strength but also that the recovery would be gradual.
American International Group, the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.
A top U.S. bank regulator said lawmakers need to be careful about moving forward with a proposal that could break up big banking institutions, while also voicing support for its objective.
Stocks slid Tuesday morning, after soaring to new 2009 highs on Monday, as a report showed the economy grew less than expected in the third quarter... Read More
With the health care debate continuing, how can investors make money in the sector? Barbara Ryan, managing director and senior pharmaceuticals analyst at Deutsche Bank Securities, and Charles Boorady, health care providers analyst at Citigroup, shared their insights.... Read More