By Christopher Condon May 5 (Bloomberg) — Managers of the Reserve Primary Fund, the money-market fund that collapsed because of losses on Lehman Brothers Holdings Inc. debt, were accused of fraud by securities regulators for misleading investors and …
By Phil Mintz and Jane Sasseen It appears that a level playing field depends on where your seats are. The Obama Administration on May 4 fleshed out its proposals for raising approximately $210 billion over 10 years by curbing what it says are corporate …
By Lynn Thomasson May 4 (Bloomberg) — US stocks rose, erasing the Standard & Poor’s 500 Index’s 2009 loss, after home sales beat estimates and manufacturing in China increased for the first time in nine months, boosting confidence the global recession …
Investors rushed into stocks on Monday, including those for many Austin-based companies, based on news of increases in pending US home sales and construction spending for March.
By Greg Morcroft, MarketWatch NEW YORK (MarketWatch) — Shares of US financial stocks posted their best day in more than a month on Monday, rising about 10% as investors handicapped what “stress-test” results assessing the nation’s largest banks will …
By Halia Pavliva May 4 (Bloomberg) — Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of US bank stress tests.
NEW YORK (Reuters) – Wells Fargo & Co (WFC.N), which will soon learn whether it will be required to raise more capital, said on Monday it agreed to buy a retirement plan record keeping business from Comerica Inc (CMA.
By Margot Habiby May 4 (Bloomberg) — Crude oil rose to a five-week high as the number of Americans signing contracts to buy previously owned homes jumped along with spending on US construction projects, signaling energy demand may improve with the …
NEW YORK (Reuters) – Homebuilder DR Horton Inc (DHI.N) on Monday reported a narrower second-quarter loss as charges to write-down the value of its land declined.
(Updates first nine paragraphs to include details of Penske’s interest in Saturn; adds closing share prices.) By Sharon Terlep Of DOW JONES NEWSWIRES DETROIT (Dow Jones)–Roger Penske, owner of the second-largest US auto retailer, has emerged as …