5572 Stories, most recent news story added Wed Dec 2, 12:48 pm ET
An eight-year-old lawsuit by Enron Corp. shareholders and investors who had accused various financial institutions of participating in the accounting fraud that led to the once mighty energy giant's downfall ended Wednesday after the remaining defendants in the case were dismissed.
Dec. 2 (Bloomberg) -- Italy’s benchmark FTSE MIB Index retreated 106.35, or 0.5 percent, to 22,449.70 as of 12:22 p.m. in Milan, a second loss this week.
The U.S. Treasury Department said on Tuesday that it will auction 12.7 million warrants to buy common stock of Capital One Financial on Thursday.
Dec. 2 (Bloomberg) -- The association that sets standards for the $605 trillion privately negotiated derivatives market is creating a committee to improve the way it governs itself as the industry seeks to fend off the toughest of regulations being debated by U.S. lawmakers.
Dec. 2 (Bloomberg) -- Emerging-market stocks rallied for a third day, led by Qatar, as concern diminished that Dubai will default. The yen weakened on speculation Japan will act to curb its gains and the dollar fell, driving gold to a record.
Dec. 2 (Bloomberg) -- U.S. stock-index futures fluctuated after an industry report showed companies cut more jobs than economists estimated, offsetting gains in metal producers as gold climbed to a record.
Dec. 2 (Bloomberg) -- Gold surged to a record for a second day in London and New York as investors stepped up purchases to protect their wealth against a slumping dollar. Other precious metals climbed.
Goldman Sachs' shares have mostly been immune to negative press coverage, but a recent Vanity Fair article may have done a little damage.
Jeff Zucker, the chief executive of NBC Universal at the center of a plan to shift control of the company from General Electric to Comcast, would presumably have to prove himself again to his new potential bosses.
The bank plans to close 122 branches in California due to overlap with its newly acquired Wachovia division, according to a report.
The case against Glass-Steagall 2.0
Dec. 2 (Bloomberg) -- European banks are emerging from the credit crisis bigger than before, posing more risk to their national economies. BNP Paribas SA , Barclays Plc and Banco Santander SA are among at least 353 European lenders that have increased in size since the beginning of 2007, according to data compiled by Bloomberg.
Dec. 2 (Bloomberg) -- U.S. stock-index futures were little changed before a private report on employment and the Federal Reserve’s Beige Book regional business survey.
Dec. 2 (Bloomberg) -- U.S. stock-index futures drifted between gains and losses before a private report on employment and the Federal Reserve’s Beige Book regional business survey.
Dec. 2 (Bloomberg) -- Virginia leads state and local governments taking banks’ bids on bond offerings today after benchmark 10-year tax-exempt borrowing costs fell to the lowest since early October.
As Congress crafts legislation to impose new oversight on complex instruments blamed for hastening the financial crisis, a Senate panel is hearing from the Treasury secretary and futures industry executives on regulating derivatives.
