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By Rika Otsuka TOKYO (Reuters) - The dollar edged down on Thursday, slipping from an eight-month high against a basket of currencies as investors booked profits on the U.S. currency's surge this month. Persistent worries that a...
Shares of Fannie Mae and Freddie Mac tumbled more than 20 percent yesterday, hitting their lowest levels in nearly two decades, as investors fled out of fear that a government initiative to save the ailing mortgage giants could...
Wall Street scored a moderate gain after a volatile session Wednesday that saw the major indexes ratchet up and down on the seesawing price of oil and mixed feelings about the financial sector. Concerns about mortgage...
Shareholders dumping stock amid predictions of impending $4 billion loss NEW YORK - There is rising speculation — most of it negative — about its short-term prospects, leading more investors to bail out of Lehman stock, which...
Efforts aimed at making auction site more attractive to online shoppers EBay has been rejigging its vast Internet marketplace in the hopes of turning around a troubling trend: Its number of active users is barely rising. One...
SAN FRANCISCO (Reuters) - Limited Brands Inc posted a better-than-expected 35 percent rise in adjusted quarterly earnings by controlling costs and inventory, and raised its fiscal-year earnings outlook, sending shares up 9.5...
NEW YORK (Reuters) - New York's state attorney general office on Wednesday intensified its probe into auction-rate debt focusing on Bank of America Corp, Goldman Sachs and Deutsche Bank AG, while issuing a warning to brokerages.
Investors will have a quick and easy way to compare information about different mutual funds under plans being put into action by the Securities and Exchange Commission. The SEC has unveiled new software that will allow...
BJ's Wholesale Club couldn’t make investors happy on Wednesday despite an increase in earnings and revenues in a down market. The wholesale sector has continued to attract consumers with low prices, but it's getting hurt by...
