AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
$6 billion (market cap) oilfield services firm BJ Services (BJS) is up 3 cents, a fraction of a percent, at $20.36, after the company this evening reported fiscal Q1 sales fell 34% to $931.5 million, beating the average $898.3 million. Profit per share, however, came in 7 cents short at [...]
SAN FRANCISCO (Reuters) - Electronic Arts Inc warned that fiscal 2011 earnings would miss Wall Street expectations, as it grapples with a lack of exciting new games after a succession of missed targets and restructurings.
Employees who took a hit on their savings last year might finally be in for some welcome news: Companies are stepping up efforts to help them save more for retirement.
The Dow Jones industrial average dipped below the 10,000 threshold as investors sought to overcome fears of a faltering global recovery.
AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
This year’s lists singled out the 10 "dirtiest" hotels in each of six regions — the United States, Asia, Canada, France, Italy and Britain.
The gigantic deficits the Administration is projecting are appalling, and they provide a chilling look at our future: America is hurtling towards a fiscal trap that is forcing us into the only option we'll have to restore budgetary sanity: A Value-Added Tax.
NEW YORK (Reuters) - CIT Group Inc said its new Chief Executive John Thain will get an annual base salary of $6 million, most of which is in stock, and a bonus of up to another $1.5 million, in a nod to compensation practices popularized by the Obama administration's pay czar.
AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
$8 billion fund giant Invesco (IVZ) this evening reported assets under management at the end of January stood at $412.6 billion, down from $423 billion at the end of December, the lowest level since the end of July.
Invesco shares were unchanged in after-hours trading at $18.32 after falling 26 cents [...]
Kirin, the Japanese brewing giant, cited differences over management independence and transparency in a merged company as the reason for ending the talks.
Toyota Motor (TM) this evening said it had restarted production of some models of cars it had recalled in North America for problems with accelerator pedals, according to Dow Jones Newswires, citing AFP.
Toyota shares are down 15 cents at $72.20 in late trading after falling 2.5% during the regular session.
(Reuters) - Toyota Motor Corp will suspend domestic production of its Sai and Lexus HS250h hybrids, which are to be recalled for faulty brakes, the Nikkei newspaper reported on Tuesday.
Boeing (BA) shares are off 9 cents at $57.80 in after-hours trading after the company this afternoon successfully launched a test flight of its 747-8 freighter, the other big bird that’s been in development, along with the 787 “Dreamliner.”
After a delay due to inclement weather in Everett, Washington, the [...]
Xstrata fuelled renewed talk of a merger with Glencore, the privately held commodities trader, with the chief executive of the miner suggesting that a union could create value
NEW YORK (Reuters) - The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
Reuters - The Dow industrials closed below 10,000 for the first time since November on Monday as investors sold bank shares due to heightened concerns about the euro zone's sovereign debt troubles.
Mining group Xstrata forecast that the market will remain robust, as Beijing and Delhi's growing import requirements support demand
The first problems with sticking accelerators in some Toyota models surfaced more than a year ago in Britain and Ireland. But it was only Friday - long after a global recall began - that the European Commission issued its first alert.
WASHINGTON (Reuters) - The Federal Reserve could sell some assets later this year in an effort to whittle down its bloated balance sheet to avoid inflation, a senior Federal Reserve official said on Monday.
NEW YORK (Reuters) - A former Intel Capital director pleaded guilty on Monday to fraud in the Galleon insider trading case, telling a New York court that hedge fund founder Raj Rajaratnam gave him money for personal needs and that he profited from illegal trades.
AP - Eroding market share and weaker trading volumes hurt Nasdaq OMX Group Inc.'s fourth-quarter revenue, but sharply lower taxes and fewer charges helped the global exchange operator report better-than-expected profit growth.
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