Market News

The younger brother of former hedge-fund titan Raj Rajaratnam was indicted by a grand jury for alleged insider trading.

With European interest rates at a record low, investors are increasingly turning to the junk-bond market to bolster returns.

Boaz Weinstein, a hedge-fund manager who traded opposite J.P. Morgan's 'London Whale,' said a Senate report clearly indicates that the losing positions were 'not a hedge, it was a bet.'

Cyrusone Incorporated (CONE) maintained a dividend of 16 cents per share. The dividend will be paid on April 15, 2013, to shareholders of record at the close of business on March 29, 2013.

Senators are targeting sugar purchases by the Department of Agriculture aimed at keeping prices high enough to prevent processors from defaulting on government loans.

In trading on Thursday, apparel stores shares were relative laggards, down on the day by about 1.5%. Helping drag down the group were shares of Pacific Sunwear of CA (PSUN), off about 9.8% and shares of Tillys (TLYS) dow...

In trading on Thursday, shipping shares were relative leaders, up on the day by about 1.7%. Leading the group were shares of Excel Maritime Carriers (EXM), up about 14.9% and shares of Genco Shipping & Trading Limited (G...

FedEx (FDX) had its estimates and price target reduced by Jefferies (JEF) as customer trade has been lower and the company has excess capacity. A hold rating was issued with a price target of $100.

Technology shares weighed on stocks, as benchmarks pulled back amid a mixed bag of economic reports and continued concern over Europe.

Standard Chartered Chairman John Peace was forced to retract comments he made earlier this month that the bank hadn't set out to break U.S. sanctions in dealings with Iranian clients.

Blackstone and GE's lending arm have discussed jointly pursuing Dell's financial-services business.

Quicken Loans, the online home lender, is buying a $34 billion mortgage-servicing portfolio from government-owned Ally Financial for about $280 million.

The Russian state oil giant has now become the world's largest listed oil producer, with BP holding almost a 20% stake.

FedEx, the second largest package-delivery company, often serves as a measure of world economic conditions because its business stretches across 220 countries.

With 182 Formula One wins, McLaren is one of the most successful marques in the history of the sport, but F1's second oldest team could be waiting some time for the next victory.

The economy is gaining strength, but Washington dysfunction stands as the biggest threat to a full healing, writes David Wessel.

Disappointing data from Germany and worries over Cyprus weighed on market sentiment today.

The Cypriot cabinet is set to present a plan thought to include a raid on state pensions to parliament on Thursday morning, as banks across the island remain closed.

Japan's new central bank governor, Haruhiko Kuroda, begins work Thursday on a feat no one before has managed: reversing years of falling prices to lift wages and profits in the world's third-largest economy.

J.P. Morgan Chase is selling $616 million of securities tied to mortgages with no backing by the U.S. government.

Thailand is starting 2013 as Asia's darling, with its currency at its highest level in more than five years and its benchmark index at a 19-year high.

CME may sell the buildings that house its energy and grain trading floors in New York and Kansas City, highlighting a shift among exchanges away from owning prime real estate.