Moody's cuts Greek domestic rating ceiling on euro exit risk
Rating agency Moody's Investors Service said it had lowered its ratings ceiling on Greek domestic debt issuers due to the rising risk of the country exiting the eurozone, but added it did not consider
Wall Street sinks on U.S. jobs data, Dow negative for 2012
U.S. stocks fell more than 2 per cent on Friday, dragging the Dow into negative territory for the year after a dismal U.S. jobs report added to fears that Europe's spiraling debt crisis was dragging d
How Morgan Stanley sank to junk pricing
The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings
New York allows headgear for Sikh, Muslim transit employees
Muslim and Sikh employees of New York's transit system will now be able to wear their religious headgear freely, without attaching a government agency logo to them, in a major legal victory after n
Prosecutors want email about Mukesh as evidence in Gupta trial
Convicted hedge fund founder Raj Rajaratnam wanted former Goldman Sachs director Rajat Gupta to ask Indian industrialist Mukesh Ambani if his company Reliance Industries was planning to 'aggressively'
Facebook deflates any thought of new tech bubble
The horrendous stock market debut for Facebook suggests investors are not ready to jump in and create another tech bubble despite big expectations for social media, analysts say.
Facebook closed out
Apple CEO Cook gives up $75 million in stock dividends
Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.
In a filing with the Securities and Exchange Commission on Thursday,
Ex-Galleon portfolio manager testifies against Rajat Gupta
An ex-Galleon portfolio manager testified in the trial of former Proctor and Gamble (P&G) board director Rajat Gupta that he had traded in the consumer giant's stocks in 2009 after learning that Raj R
E-mail, wiretaps at trial link Rajat Gupta to Rajaratnam
Using FBI wiretaps, e-mail, phone records and the testimony of a Goldman Sachs Group Inc director, U.S. prosecutors drew a picture for jurors on Thursday of events that led to the insider-trading tria
Indian man sentenced by US court for treating wife as slave
An Indian man, who had been convicted of sexually abusing his wife and treating her like a slave, will not go to prison for his crimes but has been sentenced to three years' probation and ordered to d