In April, Stockton became the nation's largest city to go into bankruptcy protection since the recession began five years ago.
That has triggered a guessing game over which hard-pressed cities might be
Financial investigators in the United States have accused the country's biggest bank, JPMorgan Chase & Co, of a range of potentially fraudulent acts, including using manipulation to increase profits in the energy market, two US newspapers reported Friday.
The European Central Bank announced a cut
in interest rates on Thursday and moved to boost bank lending for business as the eurozone sinks deeper into economic gloom.
One of the largest hedge fund
firms in the Cayman Islands is attempting to block reforms that would make the
world's principal offshore location for hedge funds more transparent.
California Assemblyman Luis Alejo's drive to raise the state minimum wage has gotten the go ahead, but faces daunting opposition from business groups.
The Florida Senate passed a bill to raise rates up to 85
percent for new Citizens insurance customers in Palm Beach County and even more
in other parts of the state.
The second quarter dividend will increase from 43 to 45 cents per
share for common stock, payable June 12, 2013, to stockholders of
record May 15, 2013.
President Obama offered his support for an Internet sales tax,
while eBay rounded up its troops to fight the legislation and Sen. Kelly Ayotte vowed to fight the "power grab."
The Mexican consulate general is hosting its annual financial
education week with free bilingual information from Sacramento banks,
credit unions, nonprofits and state agencies.
Cyprus will offer citizenship to foreign investors
who stand to lose significant sums due to the country's financial
crisis as a form of "reimbursement," officials said Monday.
Wanted to wait to file your tax return? Congratulations. Today's the last day to do it without penalties or interest.
Hedge fund firm Man Group has been able to unlock $550 million in
capital following a change in its regulatory status that has reduced its
corporate risk profile.
Negotiations over a free trade agreement between
the U.S. and the E.U. are expected in the coming months, European
Commission President Jose Manuel Barroso said Friday.
Just as the Herbalife appeared to be regaining its footing from a Wall
Street hedge fund manager's assault, the company's auditor resigned abruptly
because of an alleged insider-trading scandal.
A three-day rally included widespread gains Wednesday in New York as 26 of 30
Dow stocks moved higher and the S&P gained 19.12 points.