Stocks News

Morgan Stanley could announce this month that it plans to cut up to 4 percent of its work force, The Wall Street Journal reported.

U.S. stocks were mixed Monday as techs edged up and blue chips softened. The Senate debated the stimulus package passed by the House of Representatives last week.

Royal Bank of Canada's chief executive plans to forfeit nearly C$5 million in compensation as the country's biggest bank looks to weather the global financial crisis.

Macy's Inc. , the second-largest U.S. department-store company, is eliminating 7,000 jobs, slashing its quarterly dividend and buying back bonds to help manage its debt load as sales drop.

Connecticut Sen. Chris Dodd says he'll refinance two mortgages that he received through a VIP program from Countrywide Financial Corp.

As stocks and real estate values tumbled, the assets of Missouri's biggest public employee pension funds plunged by more than $11 billion last year, the Columbia Daily Tribune reported Sunday.

The country's top public sector lender, State Bank of India, today said it is considering further reduction in lending rates.

European markets dropped sharply Monday, with financial and energy stocks leading the way down, as investors prepared for another week of poor earnings reports and gloomy economic data.

After Asian markets closed mostly lower, there was little appetite to buy in Europe, where faith in a rapid turnaround in the economy has been fading.

Britain's FTSE 100 fell 2.4 percent at 4,051.65, while the German DAX dropped 2.7 percent at 4,223.17. France's CAC 40 shed 3.0 percent at 2,883.62.

In Asia, Hong Kong's Hang Seng slid 3.1 percent to 12,861.49 and Japan's Nikkei 225 stock average dropped 1.5 percent to 7,873.98.

Icap, the world's largest interdealer broker, has joined forces with about a dozen investment banks and other rivals to consider a bid of about 800 million for LCH.Clearnet, the London-based clearer of share ...

Most Asian markets sank Monday as investors digested a slew of awful earnings reports from the region's corporate heavyweights and inauspicious signs from Wall Street, where stock averages clocked their worst January ever.

Japan's Nikkei 225 stock average was down 120.07, or 1.5 percent, at 7,873.98, Hong Kong's Hang Seng slid 3.5 percent to 12,812.88 and South Korea's Kospi was off 1.3 percent at 1,146.95. Australia's main index fell 1.2 percent and markets in Singapore, Thailand and India fell 2 percent or more.