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The European Union may impose position limits for commodities derivatives and curbs on high-frequency trading as part of plans to overhaul the region’s financial-market rules.
The European Union may impose position limits for commodities derivatives and curbs on high- frequency trading as part of plans to overhaul the region’s financial-market rules.
The U.S. government posted its third consecutive annual budget deficit in excess of $1 trillion in the fiscal year ended Sept. 30.
The shortfall registered $1.3 trillion in fiscal 2011, up from $1.29 trillion in 2010 and the second-highest on record, according to Treasury Department data issued today in Washington. It reached $1.42 trillion in 2009, the highest ever. The September gap widened to $64.6 billion from $34.6 billion...
Bank of America and Citigroup are among firms planning to repay rather than roll over their share of $231 billion raised under a U.S. loan program.
Bank of America Corp. and Citigroup Inc. are among firms planning to repay rather than roll over their share of $231 billion raised under a U.S. loan program meant to help the economy as the business slowdown crimps demand for credit.
European officials are considering writedowns of as much as 50 percent on Greek bonds in a revamped strategy to combat the debt crisis.
European officials are considering writedowns of as much as 50 percent on Greek bonds, a backstop for banks and continued central bank bond purchases as key planks in a revamped strategy to combat the debt crisis, people familiar with the discussions said.
Can European leaders find a “durable” fix to the turmoil that has rattled global markets?
European officials are outlining a rescue plan that may include deeper investor losses on Greek bonds, higher bank capital levels and increased firepower for bailouts and the International Monetary Fund.
Google reported sales that beat estimates as businesses spent more on advertising to online consumers. The shares rose in extended trading.
Third-quarter sales, excluding revenue passed on to partner sites, rose to $7.51 billion, Mountain View, California-based Google said on its website. That topped the $7.23 billion average of analyst’s estimates compiled by Bloomberg. Net income climbed 26 percent to $2.73 billion, or $8.33 a share, ...
Hoping to rescue his troubled campaign, Governor Rick Perry says he’ll do for America what he did for Texas.
“Here is what you need to impress upon your readers,” Rick Perry said, putting down his barbecue to jab a finger at me. “What happened in Texas over the last decade is not a miracle. Miracles are things that happen, and they’re unexplained. Miracles are what God does.”
“He says when he goes to the grave he will communicate with us via Ouija board.”
Howard Buffett said his father, billionaire Warren Buffett, plans to work until death leading Berkshire Hathaway Inc. and isn’t considering retirement.
KKR & Co. and Blackstone Group are among the private-equity firms considering possible bids for Yahoo! Inc., according to people with knowledge of the matter.
The firms may become part of a consortium that would pool the financing needed, said the people, who asked not to be identified because the review is preliminary and the firms may decide not to bid.
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Raj Rajaratnam, the Galleon Group LLC co-founder and hedge fund manager whom prosecutors called “the modern face of illegal insider trading,” was sentenced to 11 years in prison, less than half of the maximum sentence sought by the government.
BREAKING: Rajaratnam gets 132-month prison term for insider trading
Slovakia approved Europe’s enhanced bailout fund, completing ratification across the 17 euro countries as the region’s leaders prepare for a summit.
Lawmakers voted 114 to 30 with three abstentions to support the European Financial Stability Facility in the second attempt this week after parliament failed to approve the measures on Oct. 11.
Apple’s latest iPhone has sold out for pre-order at AT&T, Verizon Wireless and Sprint Nextel Corp. Did you order one?
Apple Inc.’s latest iPhone has sold out for pre-order at AT&T Inc., Verizon Wireless and Sprint Nextel Corp. according to the carriers’ websites, signaling customer demand even before it goes on sale in stores tomorrow.
Galleon Group LLC’s Raj Rajaratnam will be sentenced today for masterminding the biggest hedge-fund insider trading scheme in U.S. history.
Galleon Group LLC’s Raj Rajaratnam will be sentenced today for masterminding the biggest hedge-fund insider trading scheme in U.S. history, facing a federal judge who has broad discretion in setting his punishment.
At least 66 of Europe’s biggest banks would fail a revised European Union stress test, Credit Suisse AG analysts said.
Eight banks out of the 90 tested failed the European Banking Authority’s July 15 stress test, with a combined capital shortfall of 2.5 billion euros.