Topic: Credit Suisse Group
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How the world is reacting to Obama's reelection
From China to Iran, President Obama's reelection elicited everything from celebration to doubt about his second-term agenda. Here are 11 responses:
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Top 5 insider trading convictions
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World's top 5 economies: Most Americans already think China is No. 1
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Stocks rise on good company earnings
Stocks closed higher Wednesday, led by Boeing. Stocks are facing their first big challenge of the year as companies start to report earnings for the fourth quarter of 2012.
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ADP: New jobs reached 10-month high in December (+video)
ADP monthly employment survey showed businesses added 215,000 jobs last month, the most in 10 months and much higher than November's total of 148,000. Economists tend to be cautious of the ADP report because it can diverge sharply from government job figures.
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UBS to pay $1.5 billion in fines over LIBOR rate scandal
The Swiss bank agreed to the fine Wednesday, settling with US, British, and Swiss regulators. In the case, UBS employees tried to rig the London Interback Offered Rate, or LIBOR, using different currencies.
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HSBC to pay record $1.9 billion to settle money laundering case (+video)
HSBC avoided a damaging legal battle Tuesday by agreeing to pay $1.9 billion to settle a US money laundering probe. The HSBC settlement will be the biggest penalty ever imposed on a bank.
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Japan tunnel collapse ignites debate about infrastructure spending
Japan has ordered immediate inspections of dozens of road and highway tunnels after the ceiling of a tunnel near Tokyo collapsed on Sunday, killing nine people.
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Stocks little changed; Investors await budget deal
Stocks changed little Tuesday on Wall Street as fiscal cliff negotiations continued in Washington. Some say stock trading will grow in volatility the longer budget talks progress without a deal.
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Home Depot gains hint at housing market recovery
Home Depot shares rose nearly 4 percent Tuesday after the home improvement company beat earnings expectations in the third quarter. Glimmers of a housing market recovery and preparations for Superstorm Sandy contributed to Home Depot's strong perfomance.
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How the world is reacting to Obama's reelection
From China to Iran, President Obama's reelection elicited everything from celebration to doubt about his second-term agenda. Here are 11 responses:
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Polish city of Wroclaw comes to terms with its German past
Communist Poland tried to stamp out Wroclaw's history – as the once-German city of Breslau – upon taking control of the city after World War II. But Wroclaw now is embracing its past.
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China economy hits bottom. Time to buy stocks?
China posts slowest growth since 2009, but other signs point to stronger-than-expected growth ahead. Some analysts say the time is right to buy Chinese equities.
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Energy Voices Is energy independence a fantasy?
Can America's vast shale oil and gas reserves – combined with fracking and drilling technlogies – drive the U.S. to complete energy independence? It looks doubtful, according to OilPrice.com and a report from Credit Suisse.
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New home sales match two-year high
New home sales in July climb 3.6 percent, matching May's total of new home sales. The supply of new homes for sale falls to a 49-year low.
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Best Buy offer: Founder wants to rescue ailing electronics giant
Best Buy offer from the company's co-founder would take the electronics seller private only months after leaving as the company's chairman following a scandal involving its CEO. The Best Buy offer values the company at $8.84 billion.
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Netflix stock plunges on concerns about growth
Netflix stock lost 25 percent of its value Wednesday. Analysts say it's growing too slowly domestically. Netflix stock dropped precipitously after last quarter's earnings report.
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Jobless claims plunge to a 4-year low. Good sign?
Jobless claims dropped by 26,000 last week, hitting the lowest level seen since March 2008. But experts expect the steep drop in jobless claims to even out in the coming weeks.
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Double the sales tax? Japanese see hit to wallets, little impact on national debt
Japan's lower house of parliament voted today to double the sales tax. The bill still has to pass the upper house, and many question if it can make a significant dent in Japan's massive public debt.
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Ina Drew retiring after JPMorgan losses. Will she get $14.7 million?
Ina Drew, at the center of JPMorgan's stunning loss, was among its highest-paid executives. Proxy statement says Ina Drew would be entitled to nearly $14.7 million if she met 'full-career eligibility.'
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Greek political disarray, worries about Spain push euro to three-month low
Greece has still not formed a government, imperiling its bailout and increasing the chances of it being forced out of the eurozone.
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Apple earnings lift stocks worldwide
Apple earnings exceeded expectations, causing stock markets to rise from Japan to Germany. US stock futures also get a boost from Apple earnings.
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The New Economy Currency move latest sign of China's transformation
China is transitioning away from being the world's discount manufacturer. But it will have to loosen its currency even more to avoid the pitfalls of development.
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Best Buy CEO Brian Dunn steps down
Best Buy CEO Brian Dunn has decided to resign from the big box retailer. Dunn has been Best Buy CEO for almost three years.
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Germany tries to convince Swiss banks to play by its rules
Germany and Switzerland signed a treaty today in which Switzerland agreed to impose taxes on Germans' secret accounts in Swiss banks, but the deal still falls short of the transparency Germany wants.
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Bernanke comments send stocks soaring
Stocks recorded one of their biggest gains of the year Monday after Federal Reserve Chairman Ben Bernanke suggested that the U.S. economy still needs help to produce faster job growth. The Dow jumped 160 points to close at 13241, its third-best showing of the year.
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The Reformed Broker Why hedge funds are a joke
2011 should have been the perfect year for hedge funds to thrive. What happened?
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Mitt Romney draws more Wall Street donations than Obama
Mitt Romney's six largest campaign donors in 2011 were from Wall Street. Romney got $1.8 million from Wall Street execs, according to the Center for Responsive Politics.
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