Top Finance News

Subscribe to Top Finance News feed Top Finance News
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Updated: 5 hours 13 min ago

Knight's future in balance after trading disaster

Thu, 08/02/2012 - 9:55pm
Knight Capital Group Inc fought for survival on Thursday after a $440 million trading loss caused by a software glitch wiped out much of its capital, forcing Knight to seek new funding as its shares plunged ...

Exclusive: Verizon Wireless spectrum deal in for tough remedy

Thu, 08/02/2012 - 8:00pm
Verizon Wireless may need to agree to tough conditions to win approval for its deals to buy spectrum from cable companies and market each others' products, according to three sources knowledgeable about ...

RBS braced for questions on Libor involvement

Thu, 08/02/2012 - 8:00pm
British bank RBS faces questions over the extent of its involvement in a global interest rate rigging scandal when it publishes first half results on Friday that will detail the cost of a disastrous IT ...

AIG second-quarter profit rises, insurance units all gain

Thu, 08/02/2012 - 6:50pm
American International Group Inc reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company's varied insurance businesses. ...

ECB signals may buy euro zone bonds

Thu, 08/02/2012 - 6:50pm
The European Central Bank indicated on Thursday it may again start buying government bonds to reduce crippling Spanish and Italian borrowing costs but the conditions it set and the dissenting voice of ...

Apple seeks severe punishment for Samsung lawyer's actions

Thu, 08/02/2012 - 6:50pm
Apple Inc asked a U.S. judge on Thursday to punish Samsung Electronics Co Ltd for a Samsung attorney's conduct by ordering that the South Korean company has infringed Apple's phone design patents, according ...

RIM to launch new PlayBook line next week

Thu, 08/02/2012 - 6:50pm
Canada's Research In Motion has chosen its home country to launch a PlayBook tablet with built-in support for cellular networks, a crucial feature missing from its poor-selling initial models. The BlackBerry ...

Analysis: Banks face valuation losses as Libor discarded

Thu, 08/02/2012 - 6:50pm
Global banks are delaying what will be an inevitable shift to valuing unsecured derivative positions at market rates because it could hit their bottom lines, but new global prudential regulations next ...

BofA in talks with Fannie Mae on mortgage dispute: sources

Thu, 08/02/2012 - 6:50pm
Bank of America Corp is in talks with Fannie Mae to resolve a dispute over bad mortgages that the government-controlled entity wants the No. 2 U.S. bank to buy back, sources familiar with the matter said ...

Most bank regulators dispute Greek stance on "virtual capital"

Thu, 08/02/2012 - 6:50pm
European banks should face penalties if they loan cash for share issues by other banks, national regulators from across Europe told Reuters. This comes after a Greek bank was found to have raised money ...

LinkedIn Tops on Revenue, Shares Rise in After Hours

Thu, 08/02/2012 - 5:25pm
LinkedIn reported better than expected revenue and profit in line with expectations after the market close on Thursday.

For Wall Street, Real Pain When the Fed Fails to Act

Thu, 08/02/2012 - 3:55pm
A lack of new stimulus moves by the Fed and the ECB this week may now have a direct and painful impact on the chief source of revenue at investment banks on both sides of the Atlantic.

Facebook Shares Dip Below $20 for First Time

Thu, 08/02/2012 - 3:55pm
Facebook shares dipped below $20 amid doubts about its growth prospects, recent executive departures, and the August 16 expiration of a lockup period on insiders' share sales.

Cybersecurity Bill Dies Under Weight of Partisan Bickering

Thu, 08/02/2012 - 3:55pm
Partisanship kills a Senate bill that would have allowed private companies to share information with the government on cybersecurity threats to critical infrastructure.

Should You Ignore the Jobs Report?

Thu, 08/02/2012 - 2:25pm
"People look at the BLS number and treat it with some kind of respect," says Charles Biderman, CEO of TrimTabs Investment Research. "All it is is a guess."

Stocks Sink on Draghi Disappointment

Thu, 08/02/2012 - 2:25pm
The Dow and S&P 500 fell more than 1% on Thursday after European Central Bank President Mario Draghi disappointed investors hoping for immediate action to contain the euro zone debt crisis.

Mortgage Rates Rise, Ending Record Streak

Thu, 08/02/2012 - 2:25pm
Rates on 30-year fixed mortgages climbed slightly higher this week, breaking a run that saw rates match or set new record lows for 13 out of the past 14 weeks.

Romney’s Economic Plan: Cut Taxes On The Rich, Raise Them On The Poor

Thu, 08/02/2012 - 1:20pm
Regardless of what you think about Romney's tax priorities, it seems unlikely that his plan will help the struggling U.S. economy.

Buffett Railroad Beats Coal Slump With 75% Gain in Oil

Thu, 08/02/2012 - 1:20pm
Warren Buffett's Burlington Northern Santa Fe railroad and Union Pacific are combating a drop in coal cargoes by catering to the needs of frackers.

ECB Provides a Little Breathing Space, but No More

Thu, 08/02/2012 - 11:50am
The European Central Bank sent a clear signal that struggling countries must take responsibility for their finances.

Pages