NEW YORK - U.S. companies are sounding the alarm on fourth-quarter earnings, lowering profit estimates just as the stock market is poised to end its best year since 1998.
- Fed's Evans: Open to December taper, but prefers to wait |
- JPMorgan in talks with U.S. Attorney over Madoff warnings: WSJ
- Judge rejects consumers' bid to block American-US Airways merger
- CFTC chief said to win Volcker rule ban for foreign banks: Bloomberg
- Rogue trader gets prison, told to repay Goldman $118 million
Recent Business News
NEW YORK - The Federal Reserve will start reducing its massive bond-buying program no later than March, according to a Reuters poll on Friday, with a handful of Wall Street firms expecting the U.S. central bank taking action as early as December following a second straight month of robust jobs gains.
- A federal judge has granted final approval to Bank of America Corp's record $500 million settlement with investors who claimed they were misled by the bank's Countrywide unit into buying risky mortgage debt.
NEW YORK - Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said.
NEW YORK - General Electric Co has agreed to pay as much as $18.25 million to settle a class action lawsuit accusing it of rigging bids for municipal securities, court papers filed on Friday show.
Today's jobs report showed that the US economy added 203,000 jobs in November, and the unemployment rate fell to 7.0% for the first time since recession.