Citi in $100 Million Pay Clash

A Citigroup trader is pressing the bank to honor a 2009 pay package that could total $100 million, setting the stage for a potential showdown with the U.S. pay czar.

Flexibility is Signaled on Oversight Plan

Geithner suggested that the Obama administration would agree to revise parts of its plan to overhaul financial-market regulation.

Citi Taps Directors With Fix-It Expertise

Citigroup pumped more fresh blood into its board, appointing three directors with experience in turning around troubled financial institutions.

Hedge Fund Touted Itself Before Freeze

Hedge-fund manager Corey Ribotsky's firm promoted its funds' performance last year days before it formally barred clients from withdrawing money, documents show.

CIT Beefs Up Tender; Chapter 11 Possible

CIT amended terms of a cash tender offer for $1 billion of bonds critical to its future, but it still faces the prospect of a Chapter 11 filing.

Seven Banks Fail, Making It 64 for '09

Regulators seized seven banks, including six in Georgia owned by the same parent, increasing the number of U.S. bank failures to 64 in 2009.

A Positive Sign on Consumer Debt

Fewer U.S. households appear to be falling behind on their debt payments, according to a new study, but some economists question whether the data reflect a meaningful easing of credit problems.

Schumer Warns SEC on 'Flash' Orders

Sen. Charles Schumer told the SEC he will move to limit "flash" order types if the commission does not.

Guaranty Warns Failure 'Probable'

Guaranty Financial said it is "probable it will not be able to continue as a going concern" as it restated results that include an additional $1.45 billion in write-downs.

Natural Gas Weighs Down on Coal Prices

Natural gas is lighter than air, but it is still managing to weigh down an already depressed U.S. thermal-coal market.

Bidders Line Up for Nortel's Assets

At least three bidders vying for the most profitable piece of bankrupt Nortel Networks were meeting Friday seeking to win the unit that supplies U.S. carriers.

Microsoft, Amazon End Nasdaq Streak

The Dow Jones Industrial Average held above the 9000 mark, but stocks finished mixed as shares of Microsoft and Amazon.com were beaten down on earnings news.

Russell 2000 Extends Rally

The near two-week rally in U.S. small-capitalization stocks continued Friday, though that some of the more defensive sectors paced the day's trading was a cause for concern.

Home Builders Draw the Bears

As investors prepare for housing reports, options traders took mostly bearish positions in Toll Brothers, Centex and several other home builders.

OPEC Braces for Decline in Crude Prices

OPEC is bracing for a sharp drop in crude prices in coming weeks, as huge reserves of oil-based fuels continue to pile up and the space to store them runs out.

Nasdaq's Streak Comes to an End

The Nasdaq's winning streak was snapped after disappointing earnings from Microsoft. The Dow industrials rose 0.3%.

Euro Rebounds, Slightly

The euro rebounded against the dollar, supported by higher crude-oil futures, encouraging euro-zone data and optimistic remarks on economic recovery from European Central Bank members.

Treasurys Gain Ahead of Auctions

Treasurys held steady at slightly higher levels, mirroring the performance of U.S. stocks, ahead of a next week's auction bonanza.

T. Rowe Price Profit Falls 38%

T. Rowe Price's earnings fell 38% in the second quarter as investment-advisory revenue tumbled, but the results beat analysts' expectations.

European Stocks End Mostly Lower

European shares ended mostly lower, breaking a nine-day rally ast markets weakened amid sharp losses for Ericsson and Merck.

Category: Uncategorized

More Feeds