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NEW YORK (AP) -- Wall Street retreated Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average lost more than 130 points....
NEW YORK (AP) -- In a May 8 story about Activision Inc.'s earnings, The Associated Press reported that the company expected earnings of $1.30 per share after excluding Vivendi Games. The story should have said the adjusted earnings excluded other items as well....
NEW YORK (AP) -- Wheat futures fell sharply Friday after the government forecast increased U.S production and a record global crop, while corn futures surged to a new high on continuing concerns about the weather....
NEW YORK (AP) -- Stocks that are moving substantially or trading heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:...
NEW YORK (AP) -- Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member. Gas prices, meanwhile, rose above an average $3.67 a gallon at the pump, following oil's recent path higher....
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The bank also announced it expects to cut 5,500 jobs including 2,600 from the investment banking business.
ING Group has agreed to acquire benefits services provider CitiStreet from Citigroup and State Street Corporation for $900 million.
Largest B-D swaps rigid system for more flexible offering.
We could see one million new cases this year, American Bankruptcy Institute says.
Millionaires are downbeat on the economy but expect improvement by this time next year, according to a study from Fidelity Investments.
MetLife has revamped its variable annuity suite.
$1 million grant promotes financial planning at Texas Tech University.
Sixty-eight percent of participants in a recent survey said they believed the U.S. was heading toward a recession, and 53% were cutting their spending and paying down debt as a result.
Two investment product units of Bank of America will pay $9.8M to settle charges they inadequately disclosed potential conflicts of interest to clients.
Evergreen Investment Management is trying to expand by pulling together its disparate pieces, improving its ability to sell products, and moving into more foreign markets.
"We will not issue any new ratings until we are comfortable with the predictability of the performance," agency spokesman tells IDD.
Observers are split about Citigroup Inc.'s decision to help investors with losses they incurred by investing in certain Smith Barney funds.
A new service from MetLife Inc. helps people approaching retirement decide when to begin taking Social Security benefits.
State Street Corp. promoted Jay Hooley to president and chief operating officer.
The Federal Reserve on Wednesday lowered its key interest rate by one-quarter percentage point but also signaled the seven-month easing cycle may be coming to an end.
Consumer confidence hits five-year low.
Fidelity survey shows big jump in percentage of millionaire assets held by RIAs.
A pending proposal from the Federal Reserve Board would prevent credit card companies from raising interest rates on customers' existing debt for any reason other than a default on the card account.
Bear Stearn's Chicago office has lost its top producing team to Morgan Stanley's Chicago-based high-net-worth office.
Significant economic data and a Fed decision will be key indicators of health of U.S. economy.
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