Stocks News

Monday , Jun 08, 2009 at 1717 hrs IST At 3:12 p.m., the 30-share BSE index was down 2.7 per cent at 14,690.67 points.

An investment fund owned by Wells Fargo & Co. has agreed to pay $40 million to settle federal charges that it inflated the value of a mutual fund that invested mainly in securities tied to home mortgages and only selectively told shareholders about the fund's problems.

U.S. stocks slid on Monday after McDonald's Corp posted lighter-than-expected May sales and investors worried that rising interest rates may hamper a recovery.

The worst fears of workers at stricken van maker LDV were realised when administrators announced that most of the 850 employees have been made redundant.

There are signs that Canada's economy has stabilized, Finance Minister Jim Flaherty said Monday as a major international think-tank cited Canada among countries in the leading-edge of recovery.

Investors turned away from stocks as commodity prices threw a recent rally into reverse.The drop in prices for copper, aluminum and other industrial commodities sent shares of basic materials producers lower, deflating gains those stocks had made on hopes for a recovery in manufacturing activity.The Dow Jones industrial average fell more than 100 ...

Wall Street was set for a lower open Monday following declines in Europe and as investors look to take a pause in a three-month rally.

Lloyds became the first bailed-out bank in the world to return cash to a government this morning after the taxpayer received from it a net 2.6bn. The success of Lloyds Banking Group's 4bn share placing - which closed on Friday - means that it will give the Treasury a total of 4.3bn today.

INDIAN shares trading near 10-month highs are on a roll and could see more gains as investors pour money back into the South Asian country, analysts say.

Broadway's Tonys seemed a family affair this year, with an outpouring of generosity from winners to losers despite the domination of the evening by "Billy Eliot," which won 10 awards, and one actor bringing his wife to the stage to stand by him while he accepted his prize.