Reserve Management has returned to investors all assets from its Primary II and U.S. Government II funds as well as four other funds.
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U.K. banks face a new threat to their bottom lines from consumers who are increasingly struggling to pay off credit-card bills and personal loans.
Senate Finance Committee Chairman Max Baucus says he's concerned that a fellow lawmaker is holding up the nomination of a key official to oversee the allocation of the $700 billion bank-bailout fund.
Marvell (MRVL) this afternoon told investors on a post-earnings conference call that it expects to report revenue for its fiscal fourth quarter ending in January of $690 million to $730 million, short of the Street consensus of $736.7 million. That is down 14%-18% versus a year earlier, and off 8%-13% sequentially. The company expects non-GAAP profits for the quarter of 14-20 cents a share. The...
Responding to sagging market demand, top Japanese steel makers reportedly mull the drastic step of temporarily shutting down as early as this month.
General Motors Inc. is sort of the anti-Ross Perot, the company that informs you that no matter what the circumstance, it still needs a boatload of money just to make getting up in the morning worth it. The automotive giant (ish) asked for $18 billion in federal loans, one-and-a-half times the size of what it asked for a few weeks ago, amid a 41% decline in auto sales in November. But the thin...
Stocks lose steam in volatile afternoon trading after General Motors' worse-than-expected November sales and after another drop in oil prices drags down the energy sector.
Consumer Watch: Report says product recalls for toys and other items increased
Tue, Dec 2, 4:55 PM ET
The U.S. Consumer Product Safety Commission recalled more products in fiscal 2008, the bulk of which were made in China, the Consumers Union says.
Freddie Mac said it may undertake a reverse stock split, subject to the approval of the U.S. Treasury Department, to bring its share price above the New York Stock Exchange's minimum threshold for continued listing.
Marvell (MRVL) this afternoon posted revenue for its fiscal third quarter ended November 1 of $791 million, with non-GAAP profits of 23 cents a share. The Street had expected the chip maker to post $793 million and 21 cents. In a statement, CEO Sehat Sutardja said that while results were in line with expectations, “we continue to experience limited visibility into the near-term demand for...