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SocGen's Russia unit CEO faces seven years on bribery allegations

May 16, 2013 - 9:58am

The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk in what several ...


Where Does Google Go from Here?

May 16, 2013 - 9:40am

$1,000 a share doesn't seem that far out of reach for the stock, but look at what happened to Apple.


Lloyds says 96 percent of shareholders back pay plan

May 16, 2013 - 9:16am

State-backed Lloyds Banking Group said on Thursday that 95.91 percent of shareholders at its annual general meeting approved its executive pay plan in 2012. Lloyds also said 98.7 percent backed a resolution ...


April Housing Starts Plummet

May 16, 2013 - 9:08am

Ground-breaking for new U.S. homes plummeted more than expected in April from an almost five-year high, but applications to build new homes shows the housing sector could still contribute to the strengthening economic recovery.


S&P Cuts Berkshire Hathaway Rating to 'AA'

May 16, 2013 - 9:07am

Credit rating agency Standard & Poor's on Thursday cut its rating on Berkshire Hathaway, the insurance and industrial conglomerate controlled by billionaire investor Warren Buffett, by one notch.


Hess Offers Three Board Seats to Elliott, Ends Proxy Fight

May 16, 2013 - 9:07am
Activist investor Elliott Management will settle for three seats on the board of Hess Corp and support the oil producer's five director nominees to end a proxy fight. Hess and Elliott Management said in ...

Kohl's Profit Beats Street, Shares Jump 7 Percent

May 16, 2013 - 9:06am

Kohl's Corp on Thursday said it expects sales to pick up in the current quarter, and the retailer reported a better-than-expected first-quarter profit, helped by cost-cutting, sending its shares up 7 percent ...


Jobless claims jump in warning sign for labor market

May 16, 2013 - 8:36am

The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity. Initial ...


Live Now: Jobless Claims; Wal-Mart Misses, Google Grows

May 16, 2013 - 8:26am

Join Hot Stock Minute live now for the latest premarket headlines and which stocks to watch before the opening bell. (Click to Watch)


Have Investors Become Too Bullish?

May 16, 2013 - 8:17am

The euphoria or exuberance that has signaled the end of previous bull markets is a fraction of its former self, says Don Hays, founder of Hays Advisory Group.


Lloyds to Pay Dividends as Soon it Can

May 16, 2013 - 7:50am

The chances of Britain selling its stake in Lloyds improved during 2012 and the government should be able to start offloading its shares "over time", the bank's chairman told shareholders on ...


Will Insurance Cover Cancer Genetic Testing, Preventive Surgery?

May 16, 2013 - 7:21am
Will insurance cover cancer genetic testing, preventive surgery?

Chief executives and the itch to quit

May 16, 2013 - 6:34am

On approaching his 60th birthday this year, long-serving Tullow Oil boss Aidan Heavey told staff he felt "like two 30 year-olds". A handful of recent shock departures by 50-something chief executives ...


CEO of SocGen's Russia unit faces seven years on bribery allegations

May 16, 2013 - 6:31am

The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk in what several ...


Weak euro data, central bank support bolster dollar, shares

May 16, 2013 - 6:14am

Weak data fanned expectations on Thursday of more central bank action in Europe, keeping yield-hungry investors focused on the region's stock markets and the dollar near a six-week high against the euro. ...


Bangladesh Factories Shut by Worker Protests to Reopen Friday

May 16, 2013 - 5:57am

Bangladesh will reopen more than 300 garment factories on Friday, ending a three-day forced closure due to worker protests over pay and working conditions after a building collapse killed more than 1,100 ...


Goldman Tax Deal Lawful, but 'Not Glorious': UK Judge

May 16, 2013 - 5:52am

A tax deal between the British government and Goldman Sachs worth up to 20 million pounds to the U.S. bank was lawful but "not a glorious episode" for the tax authority, a judge ruled on Thursday. ...


Insight: Mid-sized Italian banks face big bang for want of bucks

May 16, 2013 - 5:00am

A deepening recession and banking stress tests could find Italy's mid-sized lenders short of billions of euros, putting the state on the hook for a new wave of cash calls and triggering an overhaul of ...


BP to ask UK government to intervene on Gulf spill payments: BBC

May 16, 2013 - 3:54am

British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, the ...


Analysis - Blackstone and peers have a bargain for you: themselves

May 16, 2013 - 2:26am

Alternative asset managers such as Blackstone Group LP and KKR & Co LP have for decades scoured the stock market for undervalued companies. Now they are trying to convince investors that shares in their ...