U.S. stocks and oil prices rebounded on Friday on news U.S. consumer sentiment rose in November to a more than five-year high, offsetting fears a looming "fiscal cliff" in the United States and Europe's troubled finances and weak economies may tip the world into recession.
Archives
HSBC Settles with Invesor Over Madoff Loss
Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
Weak Economy Forces E.ON to Review 2013 Outlook
Germany's largest utility, E.ON AG, warned it was reviewing its earnings outlook for 2013, citing weak economic conditions that have hurt the energy industry.
Ally Near $4 Billion Unit Sale, GM Seen in Lead
Ally Financial Inc is nearing a deal to sell its auto financing operations in Europe and Latin America for around $4 billion, with General Motors Co emerging.
Wall Street Week Ahead: 'Fiscal Cliff' Blues May Lead to Correction
Wall Street's post-election sell-off may gather steam in the coming weeks as worries mount about the looming "fiscal cliff" and technical weakness suggests a possible correction ahead.
Latest News
HSBC, Europe's biggest bank, is at the center of an investigation by British tax authorities into leaked data that a newspaper said showed it provided accounts in the tax haven of Jersey for alleged criminals.
Stocks fell on Thursday as worries about lawmakers finding a timely solution to the "fiscal cliff" outweighed stronger-than-expected economic data.
The trade deficit unexpectedly narrowed in September as exports rose sharply, suggesting global demand for U.S. goods was holding up despite a debt crisis in Europe.
Private equity firm Carlyle Group LP on Thursday said the United States remained the world's best place to invest, citing low interest rates and the recovering housing market, as it reported a return to profitability in the third quarter.
Apollo Global Management Chief Executive Leon Black said on Wednesday that a U.S. tax break that benefits private equity and venture capital executives could fall victim to deficit reduction efforts after President Barack Obama's re-election.
U.S. consumer credit expanded at a solid pace in September in a hopeful sign for household spending, although Americans appeared to use their credit cards more sparingly, Federal Reserve data showed on Wednesday.
A lawyer for Goldman Sachs urged a U.S. appeals court Wednesday to send a former employee's gender discrimination dispute to arbitration rather than allow her to proceed with a proposed class action.
Penn West Petroleum Ltd shares were down as much as 4.7 percent on Tuesday after the company fired four senior executives, including its chief operating officer.
Stocks climbed on Tuesday, the last day of trading before the election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House.
