Stocks News

THE Australian share market has opened lower following losses on Wall Street and a weaker oil price.

UBS HAS hiked the salaries of some investment bankers to guard against staff poaching by competitors, Switzerland's largest bank announced overnight.

The stock market has run out of reasons to rally, at least for now. After a two-month surge that saw the Dow Jones industrials average soar 31 percent and the Standard & Poor's 500 index shoot up 37 percent, investors gave up some of those gains last week.

Regions Financial Corp.'s chief executive and board are accused in a lawsuit of mismanagement that allegedly resulted in stock losses from $38 to $5 a share.

NIGHTMARE SCENARIO:: Analysts say that never before has a country as rich as the US relied so heavily on a country as poor as China to finance its economic output AFP, WASHINGTON Monday, May 18, 2009, Page 10 China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety ...

WASHINGTON -- Federal prosecutors and the FBI have been investigating possible illegal insider trading by two Securities and Exchange Commission enforcement attorneys who were in a position to receive sensitive information about agency probes of public companies.

Freeport-McMoRan Copper and Gold , the world's largest publicly traded copper producer, took a 96 percent earnings hit in its March quarter over last year.

Lloyds Banking Group chairman Sir Victor Blank is set to step down, it has been reported.

BOSTON - Target-date mutual funds are supposed to simplify investment planning by automatically dialing down risk as you approach the day when you can finally call yourself retired.

Leave it to Wall Street to figure out a way to win big from a government-mandated rush by banks to raise capital.