Facebook's stock on Tuesday came within a hair of reclaiming its $38 debut price for the first time since going public in 2012, a milestone in the social networking company's effort to wipe away Wall Street's skepticism of its busine
Goldman Sachs Group Inc said on Tuesday quarterly profit doubled, beating Wall Street estimates, boosted by returns from investing the bank's own money.
The investing and lending segment, which tracks the bank's investment
Stocks fell for a fifth straight day on Friday, dropping one per cent and marking the S&P 500's longest losing streak in three months as the federal government edged closer to the "fiscal cliff" with no solution in sight.
Stocks ended an unusual trading week shortened by superstorm Sandy's devastating sweep through the US Northeast with a selloff on Friday, as major indexes erased early gains sparked by a stronger-than-expected payrolls report.
Disgraced Wall Street titan and philanthropist Rajat Gupta was sentenced to two years in prison on Wednesday, a much lighter sentence than US prosecutors had demanded, by a judge who called his insider trading crimes "disg
Facebook aims to raise about $10.6 billion in Silicon Valley's largest IPO, dwarfing the coming-out parties of tech companies like Google and granting the world's largest social network a market value close to Amazon.com's.
Dow Chemical Company posted net income of $412 million for the first quarter of the year, or 35 cents per share, compared with $625 million, or 54 cents per share, in the year-ago period, beating Wall Street forecasts.
Solid sales of herbi
Citigroup's quarterly profit beat Wall Street estimates as the third-largest US bank cut expenses and benefited from an improved economy and more active capital markets after a dismal end to 2011.
Profit was boosted by loan growth in the l