Financial Markets
Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability.
NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse caused a slump in fourth quarter earnings.
French oil company Total SA forecast higher production this year while revealing Friday that higher oil prices helped it post a 12.8 percent rise in fourth quarter profits despite a drop in output.
The push by Afghanistan's president to nationalize legions of private security guards before the end of March is encouraging corruption and jeopardizing multibillion-dollar aid projects, according to companies trying to make the switch.
A landmark $25 billion settlement with the nation's top mortgage lenders was hailed by government officials Thursday as long-overdue relief for victims of foreclosure abuses. But consumer advocates countered that far too few people will benefit.
China's trade suffered its biggest decline in January since the 2008 crisis - a new sign of weak global demand and a slowing domestic economy.
Lehman Brothers Holdings Inc. and its creditors are suing several units of Citigroup Inc. to recover $2.5 billion the failed investment bank transferred to a backup account at Citi months before seeking bankruptcy court protection.
The Commodity Futures Trading Commission is looking at high-frequency traders to gauge their importance in the markets and consider possible new rules for them.
In what's shaping up to be a strong Valentine's weekend at the nation's theaters, four heartfelt newcomers are hoping to feel the love from smitten audiences.
Total U.S. money market mutual fund assets fell $820 million to $2.657 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Thousands took to the streets of Athens as Greek unions launched a two-day general strike against planned austerity measures on Friday, a day after the country's crucial international bailout was put in limbo by its partners in the 17-nation eurozone.
A fight is breaking out between the money-market mutual fund industry and federal regulators. Whatever the outcome, investors will question whether they can continue to rely on money funds as a safe place to keep cash readily accessible.
The Securities and Exchange Commission is drafting proposals to further strengthen money-market mutual funds, two years after it approved an initial set of new rules in the wake of the financial crisis.
The mortgage settlement that government officials announced Thursday is intended to help victims of foreclosure abuses that followed the housing bust.
As if bankrupt American Airlines didn't have enough problems, along comes consumer advocate Ralph Nader, who's really steamed that for a flight Saturday to Dallas/Fort Worth Airport, the only way for a non-frequent flyer to get an aisle seat was to pay a full $2,680 fare instead of the $700 price he'd already paid.
GREECE BANDS: U.S. stocks rallied in the morning after Greece announced it had reached a deal to cut costs and stave off a looming debt default. But stocks gave up much of their gains by the end of the day, and analysts warned that Europe still faces plenty of problems.
