Arcive of financial news
Deutsche Bank AG, Germany's largest bank, joined HSBC Securities and JPMorgan Chase & Co. in pushing back its prediction for when the European Central Bank will start lowering interest rates.
Deutsche, HSBC and JPMorgan economists put aside signs this week that economic growth in the 15-nation euro area is slowing to forecast that the […]
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New filings for unemployment claims fell last week, according to a report released Thursday by the Labor Department.
According to the report, 366,000 people filed for unemployment for the first time in the week ended March 22, down 9,000 from a revised 375,000 reported in the previous week.
A consensus of economists polled by Briefing.com had […]
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Shares of Ambac Financial Group Inc. fell sharply in early Friday trading after struggling bond insurer Ambac Financial Group Inc. priced a $1.16 billion public offering of about 171.1 million common shares at $6.75 per share.
Ambac shares fell 82 cents, or 11.1%, to $6.60 in morning trading. Shares have traded between $4.50 and $96.10 […]
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Best Buy said a slowing economy will hurt profits and it reduced its yearly guidance, as consumers held back on high-end TVs, digital music players and cameras.
The nation’s largest consumer electronics retailer said holiday sales were strong but fell off in January. Comparable-store sales rose 1.5% in December, but they will decline modestly for […]
European regulators are likely to approve Google’s $3.1 billion takeover of ad firm DoubleClick, despite rivals’ worries the deal could squeeze them and make Web advertising more expensive.
The European Commission, tasked with preserving competition in the 27-country European Union, is about to decide whether it will express serious doubts about the deal, which would […]