Stocks News

JPMorgan Chase's shareholders aren't ecstatic. But they're nowhere near as angry as their counterparts at other big banks.

1st5ive.com With General Motors' bankruptcy filing all but assured, details of the deal are being hashed out as you read this and sources are coming forward to secretly divulge some of the more critical aspects of the plan. The newest tidbit comes from an unnamed source familiar with the negotiations speaking with Reuters who said that GM's Chapter 11 filing would create a new company comprised of the General's positive assets and will be initially owned by the U.S. government. The report lends further credence to the "good" GM, "bad" GM plan we've been hearing about for weeks, with one company taking on all of GM's deficient assets and another separate entity comprised of the positive assets, the latter of which could honor the claims of secured lenders, possibly paying back most or all of the money owed. But what about the taxpayer loans? Motorcycle News.

The U.S. Senate Tuesday voted 90-5 to approve a bill to curb sudden credit card interest rate increases and hidden fees, with President Barack Obama expected to sign it into law by the end of the month.

The Federal Election Commission dismissed a complaint on Tuesday against the Republican Party for funding a $150,000 designer wardrobe for then-vice presidential candidate Sarah Palin.

Warren Buffett's Berkshire has becomes a smaller player in the stock market. It is because Berkshire has lot less money lying around than it used to be.

Lehman Brothers says it got shortchanged after going bankrupt last year and it is now calling a court investigation.

Two major banks outside mainland China said Tuesday they've become the first foreign companies granted approval to sell bonds in Chinese yuan-a step toward making it an international currency.

The requests are pending, and no decision has been made on whether the investment banks will get approval to repay the money and sever ties with the Troubled Asset Relief Program, according to two people familiar with the matter.

World stocks rose Tuesday as upbeat news about U.S. housing and banks and a sharp improvement in German investor sentiment suggested the world economy was headed for recovery.Financial stocks were boosted by news that Goldman Sachs and Morgan Stanley have formally asked the U.S. Federal Reserve for permission to repay a combined $20 billion in ...

Bank of Ireland Plc , the countrya s biggest lender by market value, plans to buy back debt to boost capital after full-year profit slumped 97 percent.