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Analysis: Glazers may make a killing on Man Utd investment

Top Finance News - Thu, 08/02/2012 - 2:50am
Manchester United Ltd's owners stand to make about three times their investment in the British soccer club if it successfully goes public. The club, one of the most popular in the world, has kicked off ...

AIG looking to buy back large chunk of shares from U.S. government: WSJ

Top Finance News - Thu, 08/02/2012 - 2:50am
American International Group is looking to buy back a large chunk of its shares from the U.S. government, whose stake in the bailed-out insurer could subsequently go below 50 percent by this fall, the ...

Asian shares ease after Fed inaction, await ECB

Top Finance News - Thu, 08/02/2012 - 12:35am
Asian shares fell but the euro and commodities inched higher on Thursday on investors' lingering hopes for action from the European Central Bank later in the day, after the U.S. Federal Reserve stopped ...

Toyota recalls 760,000 RAV4s in U.S.

Top Finance News - Thu, 08/02/2012 - 12:35am
Toyota Motor Corp said on Wednesday it is recalling about 760,000 RAV4 utility vehicles and 18,000 Lexus HS 250h hybrid cars in the United States to correct problems in their rear suspension that could ...

U.S. raises pressure for euro zone crisis action

Top Finance News - Wed, 08/01/2012 - 10:55pm
The United States raised the pressure on euro zone leaders to take decisive action on solving the region's debt crisis, notably by lowering troubled members' borrowing costs, on the eve of a crucial European ...

China regulator urges some blue chips to buy back shares: report

Top Finance News - Wed, 08/01/2012 - 10:55pm
China's securities regulator is encouraging companies whose share price has fallen below net asset value per share, including blue chip firms such as Bank of Communications and Baosteel , to buy back their ...

Sharp considering cutting 5,000 jobs worldwide: source

Top Finance News - Wed, 08/01/2012 - 9:45pm
Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 percent of its consolidated workforce, a source close to the matter said on Thursday. The job cuts will be sought through ...

UK ministers eye nationalizing Royal Bank of Scotland: FT

Top Finance News - Wed, 08/01/2012 - 8:35pm
Senior British government figures are discussing the possibility of buying out private investors in Royal Bank of Scotland , the Financial Times reported on Thursday. Ministers are discussing a potential ...

Ford sues Dana over part linked to Windstar recall

Top Finance News - Wed, 08/01/2012 - 8:35pm
Ford Motor Co has sued Dana Holding Corp , one of its largest suppliers, over a part linked to the recall last year of more than 425,000 Ford Windstar minivans. In a July 27 complaint filed in a Wayne ...

Toyota recalls 760,000 RAV4s

Top Finance News - Wed, 08/01/2012 - 7:25pm
Toyota Motor Corp said on Wednesday it is recalling about 760,000 Toyota RAV4 utility vehicles and 18,000 Lexus HS 250h hybrid vehicles in the United States to correct a defect in rear suspension. The ...

Moore Capital to return $2 billion to investors : letter

Top Finance News - Wed, 08/01/2012 - 7:25pm
Hedge fund titan Louis Moore Bacon is shrinking his flagship portfolio by one quarter and will return $2 billion in assets at a time tumultuous global market conditions are making it tougher to trade huge ...

MetLife, Prudential profits rise on derivative gains

Top Finance News - Wed, 08/01/2012 - 6:25pm
Profit at MetLife Inc , the largest U.S. life insurer, doubled in the second quarter after a huge gain on derivatives tied to falling interest rates, and operating results at the company beat Wall Street ...

Companies add 163,000 jobs, but manufacturing falters

Top Finance News - Wed, 08/01/2012 - 6:25pm
U.S. companies hired more workers than expected in July, but continued weakness in the manufacturing sector pointed to sluggish economic growth. The economic recovery has lost steam in recent months as ...

California judge rules in favor of HP in Itanium server case

Top Finance News - Wed, 08/01/2012 - 6:25pm
A California state court judge ruled in favor of Hewlett-Packard and against Oracle Corp in a bitter lawsuit over Oracle's decision to end support for HP's Itanium-based servers. Santa Clara Superior Court ...

Madoff trustee seeks to block $410 million Merkin accord

Top Finance News - Wed, 08/01/2012 - 6:25pm
The trustee seeking money for victims of Bernard Madoff is trying to block a $410 million settlement resolving New York's claims against a Wall Street hedge fund manager accused of secretly steering client ...

BlackRock reorganizes, adds senior leadership

Top Finance News - Wed, 08/01/2012 - 6:25pm
BlackRock Inc on Wednesday announced that it has expanded its senior leadership team and reorganized its investment and client-facing businesses in an effort to grow its business. The New York-based investment ...

Lenovo executive dismisses Nokia bid talk as "joke"

Top Finance News - Wed, 08/01/2012 - 6:25pm
A senior executive at Chinese personal computer maker Lenovo dismissed market speculation that the company was interested in buying struggling Finnish cellphone maker Nokia as a "joke." Shares ...

With Fed Steady, All Eyes Turn to Europe

Top Finance News - Wed, 08/01/2012 - 5:10pm
With the highly anticipated Fed announcement behind it, Wall Street turns to the next set of potential game changers: the European Central Bank's policy meeting tomorrow and the July Payrolls report on Friday.

Green Mountain Cuts Its Forecast; Stock Sinks After Hours

Top Finance News - Wed, 08/01/2012 - 5:10pm
Green Mountain offers disappointing guidance; shares are halted.

Fed Says Economy Weaker, but Leaves Policy on Hold

Top Finance News - Wed, 08/01/2012 - 4:05pm
The Federal Reserve on Wednesday said the U.S. economic recovery had lost momentum so far this year, but stopped short of offering new monetary stimulus even as it signaled further bond buys could be in store.

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