Market News

Dell described bleak prospects for its business and the personal computer industry as it laid out its most comprehensive case for accepting a $24.4 billion offer to go private.

The Justice Department asked a judge to rule against S&P's effort to move 17 state lawsuits into federal court.

Central banks are increasingly looking beyond the dollar, yen and euro when investing their foreign exchange reserves, according to the latest International Monetary Fund data.

The chairman of the House financial services committee, Jeb Hensarling, wants to limit taxpayers' exposure to banking, insurance and mortgage lending.

A New York Fed employee took back testimony he previously gave in a legal clash between American International Group and Bank of America over about $10 billion in mortgage-investment losses.

Longtime SAC Capital trader Michael Steinberg was arrested on insider-trading charges, the most senior SAC employee to be snared in the sprawling U.S. investigation.

The dollar remained steady against the yen during Asian trading Friday amid thin trading with many markets closed for the Easter Holidays.

The Standard & Poor's 500-stock index's grind to a record high comes as good news in investors' brokerage accounts—and meager yields on bonds—begin to outweigh memories of two brutal recent bear markets.

Asian markets were mixed in holiday-thinned trade on the final trading day of the quarter, with South Korea's Kospi outperforming. The Kospi rose 0.8%.

The index's recovery reflects a growing belief that the Fed's support for markets will overcome modest U.S. growth and lingering economic and political weakness in Europe.

After a painful four-year slog from the financial crisis, the Standard & Poor's 500-stock index pushed to an all-time high Thursday powered by rising investor faith in the economic recovery.

Six former stockbrokers and day traders have reached agreements to avoid a third criminal trial, eight years after prosecutors first made allegations that they misused brokerage-firm 'squawk boxes.'

Dell Chief Executive Michael Dell met this week with Blackstone Group as the private-equity firm pieces together a plan to take control of the computer maker, people familiar with the matter said.