According to Reuters, citing sources familiar with matter as saying, no less than seven potential bidders are vying to take a majority stake in the Italian fashion house, Versace. The Company intends to sell...
Stocks slipped in trading on Tuesday, with the S&P 500 and the Nasdaq snapping an eight-day winning streak. All three benchmark indexes edged lower on Tuesday as market participants digested some mixed economic data...
The markets reprinted new all time closing highs today following improvement on job growth in the ADP reports in the premarket. First Solar Inc. (FSLR) along with most of the energy sector rallied to...
Stocks finished on a mixed note in trading today as ongoing worries over the U.S. debt ceiling weighed down investors’ sentiment. The Dow Jones ended the day 0.17% lower at 13,511.23, the S&P 500...
Despite Lennar Corp. (NYSE: LEN) reporting 42% jump in quarterly revenue, emphasizing strong recovery in the housing market, U.S. stocks edged lower during early trade on Tuesday as simmering concerns over debt ceiling issue...
JP Morgan Chase & Co. (NYSE: JPM) shares plunged 9.3% on Friday, amid heavy volume trading as bank’s disclosure of huge trading loss of at least $ 2 billion, weighed on market sentiment. Trading...
Investment bank Goldman Sachs (NYSE: GS) has agreed to pay $22 Million to settle regulatory charges framed against the firm. The bank was accused that some of its analysts shared confidential research work with...
Stocks have remained flat in late trading as all three major indexes continue to struggle for direction after Tuesday’s huge rally. At last check, the Dow Jones was trading 0.07% higher at 13,187.52, the...
Stocks are struggling for direction in mid-day trading today following Tuesday’s huge rally that saw all three major indexes rise sharply. At last check, the Dow Jones was trading 0.08% higher at 13,187.59, the...
Greg Smith, an executive director at Goldman Sachs (NYSE: GS), resigned today and called the environment at the firm “as toxic and destructive as I have ever seen it.” In an Op-Ed column in...