Market News

Citigroup confirmed it will close its Banamex USA unit and agreed to pay $140 million to regulators who accused the unit of weak antimoney-laundering controls.

Asian stocks traded mostly lower Wednesday, pulling back after several consecutive sessions of gains, amid disappointing results from technology and industrial heavyweights in the U.S.

Wells Fargo recently surpassed China's ICBC in market value and surpasses all U.S. peers, too, thanks largely to its relatively simple business.

Amazon.com may be a prime example of overpaying for growth given how little information it gives investors about its earnings power.

A judge ruled that four creditor lawsuits against Caesars Entertainment can continue, saying the bankruptcy of the casino giant's top operating subsidiary shouldn't delay the cases against its parent.

China's slowdown is showing up in U.S. companies' earnings, and the worse may be yet to come.

American Express reported a decline in its second quarter revenue that came in lower than expected, in large part due to the stronger dollar, but said card member spending and its loan portfolio grew during the period.

New York's top banking regulator has asked Symphony Communication Services, an instant-messaging software company soon to be used by some of the world's biggest banks, about its plans for deletion and encryption of data.

American Express said its second-quarter earnings fell 3.7%, as results in its international operations were hit by the strong U.S. dollar.

With clarity on Biogen's Alzheimer's program years away, investors will place greater emphasis on this week's second-quarter earnings.

As China throws open the doors to its $6.4 trillion bond markets, foreign investors aren't biting--just yet.

Apple has declared a cash dividend of $.52 per share of the Company's common stock. The dividend is payable on August 13, 2015, to shareholders of record as of the close of business on August 10, 2015.

Sebi may buy office space of at least 100,000 sq. ft to set up a new regional office in Mumbai

While Microsoft's second-quarter results were a dud with investors, there was a nugget of good news when it came to its tablets.

The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company would choose to tak...

In afternoon trading on Wednesday, Energy stocks are the worst performing sector, showing a 1.5% loss. Within the sector, FMC Technologies, Inc. (NYSE: FTI) and Cameron International Corp (NYSE: CAM) are two large stocks...

In afternoon trading on Wednesday, Utilities stocks are the best performing sector, higher by 0.6%. Within the sector, NRG Energy Inc (NYSE: NRG) and AES Corp. (NYSE: AES) are two large stocks leading the way, showing a ...

The company reported a 19% year-over-year (y-o-y) increase in net income of $812 million compared to a 30% y-o-y decline reported in the first quarter of 2015. Similarly, operating income increased by 20% y-o-y on the ba...

We are expecting a robust increase in the company's revenues on account of a steady rise in its mobile and desktop ad monetization, as well as growth in number of active users. However, rapidly increasing sales and marke...

China Mobile's 4G campaign continues to gain momentum, driven by its first mover advantage, strong network quality and discounting. The worlds largest carrier in terms of subscribers added a whopping 19.3 million 4G subs...

The Golden Arches has been struggling in all its geographical segments, facing financial and operational headwinds. As a result, the company's leadership was handed over to a new CEO, Steve Easterbrook, who announced the...

We believe the company to continue its strong momentum in the second quarter. Higher revenue from GM North America was likely the result of an increase in retail sales of all GM brands, including Cadillac. Additionally, ...