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.
Sectors
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.
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.
U.S. Stocks, Oil Rebound on Strong Consumer Data
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.
Latest News
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.
British retailer Marks & Spencer Plc believes its costly expansion plan is paying off and winning support from investors even after suffering its second straight drop in first-half earnings.
U.S. stocks held steady and the dollar edged up on Monday as investors played it safe on the day before Americans choose their president and as Greece headed into two key votes to secure further rescue funds.
As the Northeast United States locks down in the path of Hurricane Sandy, the freakishly large tropical storm careening in from the Atlantic, the main impact is likely to be on fuel demand rather than supply.
A $500-million "green jobs" program to train U.S. workers for new jobs and help spark recovery from the great recession has fallen far short of its goals, according to a report from the Labor Department's internal watchdog released on Friday.
A decline in the number of available properties, especially in California, prompted a new innovation at the real estate marketplace website Zillow.com. Late Wednesday night the six-year-old Zillow launched a free feature that allows potential home buyers to view homes that are owned by banks or are in the foreclosure process but are not officially listed for sale.
Apple released solid financial results for its fourth quarter Friday, ending Sept. 29. Profits rose 24 percent on the sale of its iPhone 5, which was released on Sept. 21. Its quarterly revenue was up about $8 billion from last year's fourth quarter.
As the job outlook continues to look murky for recent college graduates the costs of tuition and fees for both public and private universities are up, though not too substantially, according to the latest figures released by The College Board Wednesday.
One day after Rajat K. Gupta, formerly of Goldman Sachs, was sentenced to two years in prison for insider trading, a lawyer for Raj Rajaratnam who is currently serving an 11-year sentence in a Massachusetts prison for the same crime, asked that his conviction be set aside, The New York Times reported.
