By Jacob Bunge and Brett Philbin The market-making arms of UBS and Citigroup suffered combined losses of about $50 million on trades made during last Friday's glitch-plagued listing of Facebook on the Nasdaq Stock Market, according to ...
There has never been a better time to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market are improving, albeit slowly.
A calmer tone prevailed in equity markets Friday, as investors put their worries about Greece to one side, and focused instead on some better-than-expected French and German consumer confidence data.
The electronic markets keep getting their wires crossed—and investors are tired of getting shocked. Two years ago, in the "flash crash" of May 6, 2010, U.S. stocks lost $1 trillion in roughly 20 minutes. Two months ago, BATS Global Markets, ...
It already feels like an eternity ago, but from the moment Facebook made its fashionably-late public debut, circa 11:30 a.m. one week ago today, some traders were already smelling blood in the water. But could they actually short the stock ...
Morgan Stanley intends to hold a 4 p.m. EDT conference call Thursday with its brokerage force to discuss Facebook's initial public offering, including trade reconciliation for clients and other issues related to the company's tumultuous ...
An uninspiring EU summit and a run of downbeat euro-zone data releases have left investors with little to cheer about Thursday. And on the equity ratings front, it was slim pickings for the second day running.
William Blair & Co. Uncertainty in Europe has returned to the forefront of investors' concerns over the last several weeks, which have seen a corresponding correction in equity markets around the world. Brokerage stocks are down roughly ...
Links for the informed adviser... Markets Signs of a global slowdown popping up this spring. ( WSJ ) Futures quiet...too quiet. ( MarketWatch )
Emirates could be hungry for a piece of the "Flying Kangaroo", now that the Australian carrier has split its less-attractive international rump into a separately managed business.
Bank of America Corp. has held talks with lawyers for more than 1,000 former Merrill Lynch & Co. brokers that could lead to a settlement costing the bank hundreds of millions of dollars, according to people familiar with the matter.
SAN FRANCISCO (MarketWatch) — Apple Inc.’s shares rallied Monday, reversing course after a three-week tailspin, as a handful of brokers reiterated their bullish views of the company’s flagship iPhone business.
A senior executive in the stock- and options-trading division of hedge fund firm Citadel LLC plans to retire in the coming weeks. Andrew Kolinsky currently serves as president of Citadel Execution Services, the broker-dealer unit responsible ...