Stocks News

Walt Bettinger hasn't quite seen everything in the stock market but, in just 18 months as CEO of Charles Schwab Corp., he's getting close.

Record-low interest rates are still needed to rev up the U.S. economic recovery, Federal Reserve Chairman Ben Bernanke told Congress on Thursday.

State regulators are taking control of some of U.S. bond insurer Ambac Financial Group Inc's worst assets, the company said on Thursday, a move that affects some $35 billion of complex debt securities.

EU leaders appeared to be nearing consensus on an aid mechanism for Greece based on strict German terms before a high-stakes summit on Thursday and Athens won a reprieve when the European Central Bank extended looser funding rules.

Record-low interest rates are still needed to rev up the economic recovery, Federal Reserve Chairman Ben Bernanke told Congress on Thursday.

March 25 -- Michael Buchanan, chief Asia-Pacific economist in Hong Kong at Goldman Sachs Group Inc., talks with Bloomberg's Haslinda Amin about U.S. calls for China to allow its currency to appreciate, and its implication for trade between the two nations.

Asian stock markets floundered Thursday as worries about debt-saddled European countries and disappointing company earnings undermined sentiment.

A Scottish airline owner, Highland Airways, has been put into administration. The airline, which only operates in Scotland and Wales, is now under the umbrella of PricewaterhouseCoopers, which is looking into a shortfall in profits which occurred when severe weather led to cancelled flights.

U.S. stocks closed lower on Wednesday on renewed concerns about sovereign debt. The credit rating of Portugal was downgraded overnight sending markets into a spin.

A Goldman Sachs employee was fired a week before she was set to return from her second maternity leave / File GOLDMAN Sachs was sued for alleged bias by a former vice president, who said the Wall Street bank consigned her to a "mummy track" that led to her firing while she was on maternity leave.