NEW YORK (Reuters) - Citigroup's <C.N> launch of preferred securities on Wednesday is a potentially major test of market sentiment, one year after prices of bank bonds and stocks plunged to multi-year lows, analysts said.
Since those lows, major financial institutions have repaid much of the U.S. government ...More
NEW YORK (Reuters) - New York state's former top pension investment officer pleaded guilty to a felony for helping to steer hundreds of millions of investments to a political adviser and favored firms, Attorney General Andrew Cuomo said on Wednesday.
David Loglisci, who faces a sentence of 1-1/3 years ...More
WASHINGTON (Reuters) - A study paid for by Boeing Co <BA.N> found that a Boeing-built aerial tanker would create 10 times as many new U.S. jobs as the now-withdrawn plan by Northrop Grumman Corp <NOC.N> and EADS <EAD.PA>.
The study was done before Northrop and EADS, parent ...More
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scaling again any time soon.
Analysts and venture capitalists say the tech crash taught investors a seemingly ...More
NEW YORK (Reuters) - Shares in Citigroup Inc <C.N>, one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc <AIG.N>, jumped 10 percent.
The run-up built on Tuesday's momentum that coincided with ...More
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
Pali Capital, a boutique firm specializing in derivatives and fixed-income trading, was one of the few financial outfits hiring traders and bankers -- often from the ...More
BERLIN (Reuters) - French Prime Minister Francois Fillon criticized the United States' handling of a multi-billion-dollar aerial tanker competition that saw Northrop Grumman <NOC.N> and European partner EADS <EAD.PA> drop out of the race.
"I think that the attitude of the American government on the matter of the air ...More
BRUSSELS (Reuters) - British Airways, American Airlines and Spain's Iberia have offered to cede a number of lucrative transatlantic slots in a bid to gain EU antitrust immunity for their alliance.
But rival Virgin Atlantic said the proposals were "woefully inadequate" and would lead to higher prices for consumers.
The ...More
WASHINGTON (Reuters) - U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.
The rise in sales pushed the inventory-to-sales ratio, a measure of how long it would take to ...More
DUBAI/LONDON (Reuters) - Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will provide its debt-strapped neighbor, sources close to the discussions said.
Bankers in London and the Gulf are divided over how Dubai should restructure the ...More
