Stocks News

Oct. 30 -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today.

The Royal Bank of Scotland, Northern Rock, and Lloyds Banking Group are to sell off as many as 700 branches in the next few years in exchange for the public aid they received during the economic meltdown, a government official told The Associated Press on Saturday.

NEW YORK : Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labour data next week.

OPTIMISTIC: O. P. Bhatt, Chairman, State Bank of India, addressing a press conference in Mumbai on Saturday.

WASHINGTON &#8212 Flat incomes suggest more weakness ahead in consumer spending, reinforcing concerns about a ho-hum holiday shopping season and a sluggish economic recovery.

Shareholders with money invested in Lloyds Banking Group were asked to help fund a possible legal challenge against the bank.

MUMBAI: Below-expectation earnings by two top blue chip stocks - RIL and Bharti Airtel - sparked selling onslaught on Bombay Stock Exchange on Friday and the benchmark Sensex lost over 150 points to close at two-month low level, dampening the excitement over U.S. coming out of deep recession.

Bernard L. Madoff said his multi- billion-dollar Ponzi scheme started when a legitimate investment strategy went bad and he tried to cover up, according to an interview with the U.S. Securities and Exchange Commission.

Governor Sonny Perdue today announced that Georgia has once again received triple-A bond ratings from all three rating agencies.

Citigroup Inc shares tumbled on Friday after accounting expert Robert Willens said the bank was likely to have a US$10-billion fourth-quarter charge on its deferred tax assets.