Target Corp (TGT.N) will exit the Canadian market after less than two years in a surprise retreat that will throw more than 17,000 employees out of work and trigger a $5.4 bil ..
U.S. District Judge Jesse Furman in Manhattan said interview notes from the “Valukas report” – named for Anton Valukas, chairman of law firm Jenner & Block, who GM hired t ..
The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the euro and stocks plunging ..
A nearly $600 million markdown of a mortgage bond portfolio used to hedge interest rate risk ate into the bank's profits. Chief Financial Officer Bruce Thompson described ..
The Canadian government will unveil its budget this year later than it usually does, waiting at least until April because of market volatility, Finance Minister Joe Oliver sai ..
Wall St. still expects earnings of companies in the S&P 500 to rise 3.5% for the fourth quarter, but that figure has fallen from 4.2% since Jan. 1 and from the 11% consens ..
Morgan Stanley (MS.N) said it has promoted 151 employees to managing director on Thursday, more than half of them in the institutional securities business. Senior Morgan Stanl ..
The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 9 percent. Shares of rivals D.R. Horton Inc (DHI.N) and PulteGro ..
U.S. President Barack Obama is prepared to unveil his proposed budget for the federal government on Feb. 2, White House spokesman Josh Earnest said on Thursday. Earnest said f ..
The bank took $3.5 billion of charges for legal settlements, matching the figures foreshadowed by Chief Executive Michael Corbat in December. Citi suffered on a number of fron ..