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Financial Markets

A collection of news and information related to Financial Markets published by this site and its partners.

Top Financial Markets Articles

Displaying items 89-99
  • Stocks tumble on fears fueled by Portuguese bank's troubles

     Stocks tumble on fears fueled by Portuguese bank's troubles
    Stocks tumbled in early trading Thursday as the troubles of a leading Portuguese bank renewed concerns about the European banking sector. The Dow Jones industrial average fell about 150 points, or nearly 1%. The Standard & Poor's 500 index also was down...
  • Citi to pay $7 billion to settle mortgage securities probe

    Citi to pay $7 billion to settle mortgage securities probe
    Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...
  • Fund managers stockpile cash as defense against pricey stocks

     Fund managers stockpile cash as defense against pricey stocks
    Some of the most admired managers in the mutual fund business are ducking away from stocks. It's an unusual move that reflects some squeamishness about soaring stock prices. They are storing as much as a third of their clients' money in cash. In effect,...
  • SEC accuses Los Angeles firm Wedbush Securities of market-access violations

    SEC accuses Los Angeles firm Wedbush Securities of market-access violations
    The U.S. Securities and Exchange Commission on Friday accused Wedbush Securities Inc., a Los Angeles investment firm, of illegally allowing thousands of anonymous overseas traders to make billions of dollars' worth of secret trades. The civil lawsuit...
  • Stock market up marginally after last week's rally

    Stock market up marginally after last week's rally
    The stock market nudged higher Monday after a handful of U.S. companies announced deals. Family Dollar's stock jumped following news that investor Carl Icahn has taken a stake in the company. The Standard & Poor's 500 index was up five points, or 0.3...
  • Stocks close higher after manufacturing report revised

    Stocks close higher after manufacturing report revised
    Stocks closed mostly higher on a quiet Monday following two reports that showed the manufacturing industries of the world's two largest economies expanded last month. Both the Dow Jones industrial average and the Standard & Poor's 500 index were able to...
  • Former Treasury Secretary Timothy Geithner defends bailout

    Former Treasury Secretary Timothy Geithner defends bailout
    Former Treasury Secretary Timothy Geithner is convinced he saved the country from a depression and regular Americans from ending up in shantytowns and bread lines. And he's taking another shot at convincing you too. In his new book, "Stress Test," he...
  • Suicides rose during Great Recession. Could some have been prevented?

    The Great Recession that began in late 2007 resulted in about 12,940 suicides in North America and Europe -- and many of them could have been prevented, researchers said Wednesday. As far back as 1897, French sociologist Emile Durkheim observed the link...
  • Debra Sherman, 1962-2014

    Debra Sherman, 1962-2014
    Debra Sherman worked as a reporter for wire services covering the financial markets and the health care industry for more than 20 years. After she was diagnosed with metastatic lung cancer in 2013, her bosses at Reuters encouraged her to start a blog on...
  • Legg restructures debt amid signs of turnaround

    Legg restructures debt amid signs of turnaround
    Legg Mason plans to close a deal this month to restructure $650 million in debt, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds. The money raised from...