The NASDAQ OMX Group, Inc. announced today the results of the semi-annual re-ranking of the NASDAQ Biotechnology Index , which will become effective with the market open on Monday, May 18, 2009.
US labor market losses eased in April with 539,000 jobs axed, while the unemployment rate hit 8.9 percent, according to data Friday suggesting the economy remains weak but may be stabilizing.
A growing number of banks are eyeing quick repayment of US government capital injections after "stress tests" showed major lenders are healthy enough to manage without public support.
MUMBAI: ICICI Bank has said it will prefer organic growth over expansion through overseas acquisitions, as many hidden liabilities could come in along with cheap valuations of the troubled foreign banks.
Bank stocks have surged in recent weeks, a sign that investors are betting the worst of the financial crisis is over.
A gatecrasher to Barclays' A 3bn deal to sell fund management business iShares could net the bank another A 500m , it was reported today.
The financial disclosures investors get in the mail from mutual fund companies don't normally capture Nancy Prindle's attention.
Morgan Stanley and Wells Fargo sold more than $15 billion of shares and bonds, as the two companies rushed to the head of the line of banks looking to raise funds following government stress tests.
Canada saw an unexpected increase of 35,900 in jobs during April, thanks to an increase in self-employment that helped keep the unemployment rate steady at eight per cent, Statistics Canada said Friday.
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