NEW YORK (Reuters) - U.S. stocks are unlikely to break above a key technical level next week unless monthly jobs data and consumer company results paint a more promising picture of the recovery. The Standard & Poor's 500 <.SPX> index has been stuck near its 200-day moving average, a level ...More
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke's personal finances recovered in 2009, disclosure forms released by the central bank on Friday showed. Bernanke listed assets in a range of $1.2 million to $2.5 million. They had slipped to between $822,011 to $1.8 million in the ...More
NEW YORK (Reuters) - Jesup & Lamont Inc, a 133-year-old brokerage, filed for Chapter 11 bankruptcy on Friday in Manhattan, a month after it was shut down by regulators for failing to have enough capital. The New York-based company had $41.2 million in assets and $24.6 million in debts on ...More
OTTAWA (Reuters) - Research In Motion is not known for its dramatic flair. Like the BlackBerry itself, with its renowned email security, the Canadian smartphone maker seems to put function before form. But RIM may break with tradition next Tuesday when it raises the curtain on its long-awaited answer to the ...More
WASHINGTON (Reuters) - Northwest Airlines, now a part of Delta Air Lines <DAL.N>, has agreed to plead guilty to conspiring to fix the prices of air cargo, the U.S. Justice Department said on Friday. Northwest agreed to plead guilty to a single felony count that its now-shuttered Northwest Airlines ...More
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo has subpoenaed six more insurers as the state widens a probe into whether life insurance companies have defrauded families of deceased members of the military. Genworth Financial Inc <GNW.N>, Guardian Life of America, AXA SA's <AXAF.PA> MONY Life ...More
DETROIT (Reuters) - Chrysler, the No. 3 U.S. automaker, would be profitable on a net basis if it were not for the interest costs of loans remaining from its bailout, the automaker's chief executive said on Friday. Sergio Marchionne, who heads both Chrysler and its controlling partner Fiat SpA ...More
NEW YORK (Reuters) - Goldman Sachs Group Inc <GS.N> is the bank many Americans love to hate, but one group just plain loves it: its employees. The firm's employees are among the most fiercely loyal in the financial services industry, according to a survey by glassdoor.com, a career ...More
