It is the hot new thing on Wall Street, a way for a handful of traders to master the stock market, peek at investors' orders and, critics say, even subtly manipulate share prices.
Treasury prices were little changed Friday as investors refrained from making big moves ahead of another round of auctions.
Deutsche Bank CEO Josef Ackermann has told Porsche's owner families of the urgency to stump up cash in order to pay down the company's debts, which have risen to 14 billion euros , a German magazine said on Saturday.
Confidence among U.S. consumers fell in July for the first time in five months as mounting unemployment and stagnant wages shook households.
The hefty 2009 pay package of Andrew J. Hall, leader of Citigroup Inc.'s lucrative Phibro energy trading unit, may spark a showdown between the New York-based bank and government pay czar Kenneth Feinberg, according to a Wall Street Journal report Saturday.
THE American recession appears to be nearing an end, but only after it has become the deepest downturn in more than half a century.
The Federal Reserve Bank of New York on Friday announced the creation of an investor advisory group, part of its ongoing efforts to closely monitor economic and financial conditions.
U.S. stocks retreat on weaker consumer confidence and tech earnings.
WASHINGTON - Treasury Secretary Timothy Geithner said yesterday that a new agency focused on protecting consumers is needed because the mission currently is too scattered among various regulators.
Wall Street may take a breather next week after an earnings-driven rally lifted the major U.S. stock indexes to their highest levels in months.
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