Financial News Updates
Nervous investors send S&P lower for fifth day
Stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country's banks and another round of weak data undermined hopes for U.S. economic recovery. Growing ...
Facebook Prices at Top of Range in Landmark IPO
Facebook Inc. priced its initial public offering at $38 per share late Thursday afternoon, coming in at the high end of its estimated range with a $16 billion debut.
JPMorgan's Dimon says will testify before Congress
JPMorgan Chase & Co Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a political debate over whether large U.S. banks need to ...
Gupta trial could feature big corporate stars
Lloyd Blankfein, Warren Buffett and other well-known chieftains of corporate America might be called to testify at the insider trading trial starting on Monday of former Goldman Sachs Group Inc and Procter ...
Verizon data fans to pay more in service or phones
Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services. The No. 1 U.S. mobile ...
MF Global clients bash fat fees, seek quick wind-down
The legal team winding down MF Global's bankruptcy estate, led by former FBI director Louis Freeh, has racked up nearly $25 million in estimated fees since its November 25 appointment. Now a customer group ...
NYC Comptroller opposes re-election of Chesapeake directors
New York City Comptroller John Liu, the city's fiscal watchdog, on Thursday urged shareholders of Chesapeake Energy Corp to withhold support for two directors up for re-election, citing the company's recent ...
Leaders of UAL pilots' union call for strike vote
Pilot union leaders at United Continental Holdings , the parent of United Airlines, called o n Thursday for members to hold a vote on whether to strike over stalled contract talks. The Air Line Pilots ...
Gap raises profit outlook, shares rise
Gap Inc raised its yearly profit forecast, prompted by first-quarter earnings that topped Wall Street estimates and rising sales, and its shares rose 8 percent after hours. For the full year, Gap estimated ...
BNY Mellon, IRS spar over $900 million tax benefit
Bank of New York Mellon Corp faced off against the U.S. government on Thursday in closing arguments over a $900 million tax benefit that the Internal Revenue Service called "tax abuse." The case ...