Feed aggregator

Exclusive: Labor Dept looking into JPMorgan stable value fund

Top Finance News - Fri, 07/20/2012 - 10:00pm
The U.S. Department of Labor is looking into whether JPMorgan Chase & Co violated its fiduciary duty under the Employee Retirement Income Security Act in connection with one of its stable value funds. ...

Former bank employees sue over alleged discrimination

Top Finance News - Fri, 07/20/2012 - 10:00pm
Two separate lawsuits alleging racial discrimination were filed in federal court in New York on Friday, against Bank of America and investment bank Cantor Fitzgerald . Jack Mitchell, who is black and worked ...

Nasdaq boosts Facebook compensation plan to $62 million

Top Finance News - Fri, 07/20/2012 - 10:00pm
Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in the bungled Facebook Inc initial public offering in May, modifying an earlier plan that drew intense criticism from ...

Wall Street Week Ahead: Apple, Facebook take the spotlight

Top Finance News - Fri, 07/20/2012 - 8:45pm
The trend of better-than-expected earnings will be put to the test in the coming week when investors hope Apple can exceed already high expectations for the tech giant and Facebook reports its first quarterly ...

AT&T, CWA reach agreements "in concept"

Top Finance News - Fri, 07/20/2012 - 8:45pm
The second largest U.S. mobile operator AT&T Inc reached agreements "in concept" with the Communications Workers of America in AT&T Midwest and AT&T Corp core wireline contract negotiations. ...

Nasdaq says filing $62 million Facebook compensation plan

Top Finance News - Fri, 07/20/2012 - 7:25pm
Nasdaq OMX Group Inc said on Friday it will file a $62 million compensation plan for firms that lost money in the bungled Facebook Inc initial public offering in May. The fund is $22 million larger than ...

ING mutual fund vote marks first win for rights activists

Top Finance News - Fri, 07/20/2012 - 7:25pm
A shareholder group scored its first voting victory after five years of urging mutual funds to sell stocks tied to Sudan, but the win underscores the challenges human rights activists often face. On June ...

GE second quarter profit tops Wall Street view

Top Finance News - Fri, 07/20/2012 - 6:25pm
General Electric Co on Friday reported a 2.5 percent rise in profit from continuing operations, topping Wall Street expectations, as solid demand in the United States and emerging markets offset weakness ...

Exclusive: Labor Dept looking into JPMorgan stable value fund

Top Finance News - Fri, 07/20/2012 - 6:25pm
The U.S. Department of Labor is looking into whether JPMorgan Chase & Co violated its fiduciary duty under the Employee Retirement Income Security Act in connection with one of its stable value funds. ...

AMR flight attendants to vote on labor contract

Top Finance News - Fri, 07/20/2012 - 6:25pm
Leaders of American Airlines' flight attendants' union will let its members vote on the company's latest contract offer, possibly heading off a threat by the carrier to abandon current labor deals and ...

No room for error in Facebook's debut quarter

Top Finance News - Fri, 07/20/2012 - 6:25pm
Facebook Inc faces immense pressure to beat Wall Street's financial targets when its delivers its inaugural quarterly earnings report next week, hoping to wash away the bad taste left with investors from ...

Former Sears interim CEO Johnson to head its spun-off unit

Top Finance News - Fri, 07/20/2012 - 6:25pm
Sears Holdings said its former interim CEO Bruce Johnson has agreed to serve as chief executive and president of Sears Hometown and Outlet Stores Inc once the business is spun off from the retailer. Johnson, ...

U.S. municipal bond market still unclear on advisers

Top Finance News - Fri, 07/20/2012 - 6:25pm
Regulators, lawmakers, municipal bond dealers and state and local governments are growing anxious about the U.S. government's delays in carrying out a key part of the financial regulatory overhaul known ...

Duke director grew wary of "controlling" ex-Progress CEO

Top Finance News - Fri, 07/20/2012 - 6:25pm
Duke Energy's board grew frustrated with then-Progress Energy Chief Executive William Johnson's lack of transparency about a troubled nuclear power plant in the months before their merger closed, Duke's ...

Bank Bailout Fails to Ease Fears for Spain

Top Finance News - Fri, 07/20/2012 - 4:15pm
Concerns about Spain's crippling financial problems flared again Friday as even news that the country had been given the final go-ahead for a bank bailout loan of up to €100 billion failed to ease concerns.

Chipotle Smoked as Sales Miss Estimates

Top Finance News - Fri, 07/20/2012 - 3:05pm
Chipotle Mexican Grill's shares were plunging Friday as traders revolted against revenue that wasn't to their liking.

Stocks Swoon as Concerns Over Spain Spark Profit-Taking

Top Finance News - Fri, 07/20/2012 - 2:00pm
Bank stocks led Wall Street lower after a Spanish region asked the Madrid government for financial aid, rekindling fears about Europe's economic crisis.

EU Wants Google Concessions for all Platforms

Top Finance News - Fri, 07/20/2012 - 2:00pm
EU regulators, investigating Google for alleged anti-competitive behavior, want the internet search giant to offer concessions that cover all platforms, including computers, tablets and mobile devices.

Morgan Stanley, Qatari Fund May Do Commodities Deal

Top Finance News - Fri, 07/20/2012 - 2:00pm
Morgan Stanley officials are in advanced talks with a Middle Eastern sovereign-wealth fund, the Qatar Investment Authority, about selling part or all of its commodities unit.

Dole Food Mulls Sale, Spin-Off of Packaged Foods

Top Finance News - Fri, 07/20/2012 - 2:00pm
Dole Food says it is considering a possible sale or spin-off of its packaged foods business as part of its current strategic review.

Pages