Stocks move in tandem for short-term reasons and long-term reasons. It's hard to pin the cause of high correlation on a single factor.
HSBC layoffs will take effect by 2013. The HSBC layoffs come as the banking group shifts its focus to emerging markets around the globe.
The details of new EPA regulations, released Thursday, mandate reductions in power-plant emissions. 'Old, decrepit plants' without pollution controls may be just too costly to retrofit and be shut down by their owners, say analysts.
After gains early in the day, the session closed lower, with the Dow declining about 19 points
The Dow plummeted by more than 2 percent on Wednesday, losing about 279 points, after Moody's cut Greece's bond ratings
Dominique Strauss-Kahn was a key player in the negotiations. But the IMF has many able people beyond Dominique Strauss-Kahn.
Raj Rajaratnam, a wildly successful hedge fund manager, was sentenced and fined Oct. 13 on fraud and conspiracy counts for using insider information to make more than $50 million. Prosecutors called it the largest insider-trading case ever for a hedge fund. So how does his conviction stack up against other insider traders in the United States who were found guilty? Here's a look at the Top 5 convicted insider traders:
FHA shutdown would hit first-time home buyers the hardest. Even a short-term FHA shutdown could dent confidence in the real estate market.
Stocks fell initially on Japan's latest earthquake, but recovered some of their losses. The Dow average dropped 17 points; the S&P 500 index fell 2 points.
Dow rises 23 points to close at highest level in 34 months. But stocks on Nasdaq edge down.