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European Stocks Retreat From Gains

Thu, 04/10/2014 - 7:20am
Stocks across Europe pulled back, easing away from positive territory carved out after dovish monetary policy signals from the Fed.
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Greece Five-year Bond To Raise €3 Billion; Yield At 4.95%

Thu, 04/10/2014 - 4:38am
Greece's first bond sale since its bailout in 2010 will raise 3 billion euros ($4.15 billion) at a yield of 4.95%, according to media reports Thursday, citing people familiar with the matter.
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China To Widen Market Access For Overseas Investors, Stocks Rally

Thu, 04/10/2014 - 4:34am
China plans to allow overseas investors to directly trade 13 billion yuan ($2.1 billion) of mainland-listed shares per day via the Hong Kong Exchanges & Clearings (HKEx), said the China Securities Regulatory Commission (CSRC) on Thursday in a joint statement with Hong Kong's securities regulator.
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Costco Comparable March Sales Up 5%, Beat Forecast

Thu, 04/10/2014 - 3:41am
Costco Wholesale Corp. said on Thursday total same-store sales rose 5% for the five-week period ended April 6.
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European Stocks Rise; Bank Of England Decision Due

Thu, 04/10/2014 - 3:26am
Stocks across Europe gained Thursday, keying off advances overnight in Asia and on Wall Street following dovish signals in minutes from the Federal Reserve's March meeting.
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Deutsche Bank mulls raising fixed pay for board: report

Thu, 04/10/2014 - 1:51am
Deutsche Bank is considering raising the fixed pay of its management board members by more than a third in response to new EU regulations, a German paper reported on Thursday.
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Fed's Tarullo Says Economy Looking Stronger

Wed, 04/09/2014 - 9:59pm
The U.S. economy, aided by the Federal Reserve's easy monetary-policy stance, is beginning to look healthier, Federal Reserve Gov. Daniel Tarullo said Wednesday.
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BlackBerry may consider exiting handsets, eyes investments

Wed, 04/09/2014 - 8:26pm
BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.
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Ally Financial Prices IPO At $25 a Share

Wed, 04/09/2014 - 6:03pm
Ally Financial Inc. priced its initial public offering late Wednesday at $25 a share, according to reports.
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Treasury To Sell Ally Financial Shares At $25 Each

Wed, 04/09/2014 - 6:00pm
The Treasury Department said it's going to sell its Ally Financial stake at $25 per share, which will raise $2.375 billion for the government.
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Ally Financial IPO Priced At $25 A Share: Underwriter

Wed, 04/09/2014 - 5:22pm
Ally Financial's initial public offering has been priced at $25 per share, an underwriter said, valuing the bailed-out auto lender at about $12.04 billion.
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Bed Bath & Beyond Posts Earnings Slip

Wed, 04/09/2014 - 5:10pm
Bed Bath & Beyond's fiscal fourth-quarter earnings fell 11% as the home-furnishings retailer recorded a drop in sales.
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Abercrombie & Fitch Names New CFO

Wed, 04/09/2014 - 4:52pm
Abercrombie & Fitch named Joanne C. Crevoiserat, a long-time senior manager at Kohl’s, executive vice president and chief financial officer.
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Ford Opens Brazil Engine Plant, Sees Truck Recovery

Wed, 04/09/2014 - 4:51pm
Ford Motor opened a 400 million reais ($181 million) engine factory in northeastern Brazil on Wednesday, ramping up potential output even as many warn of excess capacity weighing on profits in the country's auto industry.
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J.P. Morgan Cut CEO Dimon's Pay To $11.8 Mln In 2013

Wed, 04/09/2014 - 4:38pm
J.P. Morgan Chase & Co. CEO Jamie Dimon's pay fell to $11.8 million in 2013, compared with $18.7 million the year before, according to a Securities and Exchanges Commission filing on Wednesday.
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Bed Bath & Beyond Posts 10% Lower Profit

Wed, 04/09/2014 - 4:34pm
Bed Bath & Beyond Inc. reported late Wednesday a fiscal fourth-quarter profit of $333.3 million, or $1.60 a share, compared with $373.9 million, or $1.68 a share, a year ago.
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Jeb Bush Ties to Street Could Be Hurdle in Presidential Run

Wed, 04/09/2014 - 4:31pm
When Jeb Bush comes to New York City Thursday, his main purpose won’t be to raise money for his possible 2016 presidential bid, but to begin two days of meetings with his employer, the big Wall Street firm Barclays Capital, FOX Business has learned.
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S&P Downgrades New Jersey On Budget Concerns

Wed, 04/09/2014 - 4:20pm
Standard & Poor's Ratings Services lowered its rating on New Jersey's general obligation debt to A+ from AA- Wednesday afternoon.
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Fed's Evans: Aggressive Fed Policy Still Needed

Wed, 04/09/2014 - 4:17pm
Federal Reserve Bank of Chicago President Charles Evans said Wednesday that the urgency of getting the economy back on track means the central bank should be willing to push unemployment lower or inflation higher than would normally be desirable.
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Hotel Chain La Quinta Books Subpar Debut on NYSE

Wed, 04/09/2014 - 4:15pm
In a lukewarm welcome on the New York Stock Exchange, the hotel chain's shares closed less than 1% above their IPO price

 

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