Oil rises on falling dollar; gasoline at $3.65 NEW YORK (AP) — The price of oil rose Monday, taking its cue from the stock market and the dollar. Read More »  World stocks grind higher, yen rebounds on minister's remarks By Herbert Lash NEW YORK (Reuters) - Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street closed slightly lower. Deals such as Yahoo's $1. ... Read More » Global shares grind higher, yen rebounds on minister's remarks  | By Herbert Lash NEW YORK (Reuters) - Global equity markets mostly rose on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street closed slightly lower. Deals such as Yahoo's $1. ...
| Read More » Summary Box: Small company stocks are bright spot SMALL IS BEAUTIFUL: Small company stocks were a bright spot for the market in a subdued start to the week for Wall Street. The Russell 2000 index climbed above 1,000 points for the first time and ended ... Read More » Small company stock are a bright spot  | NEW YORK (AP) — Small-company stocks were a bright spot in a subdued start to the week for Wall Street.
| Read More » Nikkei slips from 5-1/2 year high on stall in yen weakness  | TOKYO (Reuters) - Japan's Nikkei share average eased from a 5-1/2-year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke's testimony. The Nikkei fell 0.6 percent to 15,269.85, while the broader Topix index dipped 0.2 percent to 1,266.71. (Reporting by Dominic Lau; Editing by Edwina Gibbs)
| Read More » Goldman exits China's ICBC, seven years and billions later  | By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Goldman's relationship with ICBC was similar to that of other big global financial institutions that purchased stakes in Chinese banks and insurers. ...
| Read More » U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit  | (Reuters) - The Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". In a $5 billion suit, the U.S. government has accused S&P, owned by McGraw-Hill Companies Inc, of issuing inflated ratings on faulty products to drum up business before the 2008 financial crisis, despite assurances that its judgments were objective. ...
| Read More » Goldman exits China's ICBC, seven years and billions later  | By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a return of nearly four times its original stake. Goldman's relationship with ICBC was similar to that of other big global financial institutions that purchased stakes in Chinese banks and insurers. ...
| Read More » EU antitrust regulators to rule on ICE, NYSE deal by June 24 BRUSSELS (Reuters) - European antitrust regulators will decide by June 24 whether to clear an $8.2 billion (5.4 billion pounds) takeover bid by IntercontinentalExchange Inc for New York Stock Exchange operator NYSE Euronext . ICE, a derivatives exchange and clearinghouse operator, is making its second bid to buy NYSE in a deal that will give it control of Liffe, Europe's second-largest derivatives market, and boost its presence in the interest-rate futures business. It would also strengthen the Atlanta-based company against U.S. ... Read More » Royal Mail sees profits almost double before privatisation  | LONDON (Reuters) - Royal Mail said annual profit had more than doubled on the back of an online shopping boom, providing a timely boost ahead of a stock market listing expected later this year. An initial public offering (IPO) of the state-owned firm, which has 150,000 staff and sales of 9.15 billion pounds, is expected to value Royal Mail at between 2 and 3 billion pounds, and would be the biggest privatisation of a British asset for 20 years. ...
| Read More » Fiat Industrial wants to move tax residence to UK - U.S. filing  | MILAN (Reuters) - Truck and tractor maker Fiat Industrial intends to move its tax residence to the United Kingdom from Italy after its upcoming merger with its CNH unit, according to a U.S. stock market listing filings. The move out of high-tax Italy is likely to result in a lower tax burden for the new group. Fiat Industrial plans to merge with CNH and then fold both companies into a new group provisionally called FI CBM Holdings N.V. with a primary listing on the New York Stock Exchange. ...
| Read More » U.S. asks judge to deny S&P's motion to dismiss fraud lawsuit (Reuters) - The U.S. Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery". In a $5 billion suit, the U.S. government has accused S&P, owned by McGraw Hill Financial Inc , of issuing inflated ratings on faulty products to drum up business before the 2008 financial crisis, despite assurances that its judgments were objective. ... Read More » Indexes edge higher on Wall Street in early trade NEW YORK (AP) — Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves. Read More » Indexes edge higher on Wall Street in midday trade  | NEW YORK (AP) — Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.
| Read More » Stock indexes head higher in afternoon trading | NEW YORK (AP) — The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.
| Read More » Stock indexes head higher in afternoon trading  | The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter. The ...
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