Market News

(Reuters) - Bank of America Corp (BAC.N) is close to a deal with the U.S. Department of Justice to pay more than $16.5 billion to end investigations into mortgage securities that the bank and companies it bought sold in ...

Investors should tread carefully, at least till a meaningful revival in discretionary spending is seen

A regulatory rebuke of 11 large banks stemmed from a concern that Wall Street remains too sanguine about its ability to withstand a crisis.

Billionaire Chip Wilson has backed down from his battle with Lululemon, the athletic apparel company he founded in 1998.

Co-authored with Erico Matias Tavares*

Warren Buffett talks the talk with a great sense of metaphorical reach, but his quarterly 10-Q is an exercise in obfuscation. The report’s type size is miniscule with fat, parallel horizontal blue bars streaking across...

The producer of the most widely used credit score in the U.S. on Thursday announced a major overhaul of its scoring model that could boost bank lending and lead to thousands of dollars in savings for borrowers with debts...

MetLife Inc. has agreed to pay $23 million to resolve class-action litigation that accused an agent of the firm of improperly blasting life-insurance pitches via fax machine.

We all know the drill: you're at the store, ready to pay for your purchases when the associate at the register makes a tempting offer: would you like to open a store credit card right now, and get a discount on what you'...

In afternoon trading on Thursday, Services stocks are the worst performing sector, showing a 1.0% loss. Within that group, Discovery Communications (NASD: DISCA) and Scripps Networks Interactive (NYSE: SNI) are two large...

Sebi set to appoint adjudicating officer, serve a show-cause notice on Jignesh Shah's FTIL

Mondelez International (MDLZ) declared a regular quarterly dividend of $0.15 per common share of Class A stock, an increase of $0.01 per share, or 7 percent. The dividend is payable on Oct. 14, 2014, to stockholders of r...

We also expect Petrobras to realize thicker downstream margins compared to last year on improved pricing of refined petroleum products and lower refining costs. However, a negative currency translation effect from a stro...

We believe that the company's revenue growth can accelerate going forward, benefiting from a variety of growth strategies we discuss below. We also expect the company's profitability to improve over long term, as investm...

The merger is expected to create cost synergies at a $300 million run rate by the end of 2018, which can help the dollar chain pass on some savings to its customers. With competitive prices, Dollar Tree-Family Dollar can...

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money.  So let's look at two noteworthy recent insider buys.

A Sprint-T-Mobile merger would have created an entity as big as Verizon or AT&T (based on number of subscribers) and was being seen as an important move for Sprint to turn around its declining fortunes. Now that the deal...

HC seeks responses on plea challenging govt circular allowing select trading houses to procure gold for export, domestic market

The SPDR S&P Global Natural Resources ETF (GNR) is seeing unusually high volume in afternoon trading Thursday, with over 316,000 shares traded versus three month average volume of about 63,000.  Shares of GNR were off a...

Among the many financial trading and IT conferences I have attended over the years - from TradeTech in Paris to Burgenstock in Montreux, Switzerland, and beyond - the question has always arisen as to how many stock and d...

Each year, a tiny fishing resort in Maine is transformed into the site of an invitation-only economic summit that has been compared to Jackson Hole and Davos.

Some private college loans now carry lower rates than federal Plus loans, a reversal from as recently as a year ago.