Wall Street ponders next move

Posted by Financial Market News on March 10th, 2010

U.S. stock futures held to a tight range today, with little to focus on outside of a smattering of merger news and wholesale inventory data due later, as markets paused following the run-up in prices from one-year depth.

Bank of America ends overdraft fees on debit cards

Posted by Financial Service News on March 10th, 2010

It could be the beginning of the end of overdrawn accounts linked to debit cards.

Analysis: Greece’s crisis could presage America’s …

Posted by Financial Market News on March 10th, 2010

Greece is a deep financial trouble, begging for international help. Is America heading down the same road? Many of the same risky financial practices that now imperil the Greeks were at the center of the all-too-recent U.S. meltdown.

HSBC’s Pelayo Discusses Semiconductor Industry, SMIC: Video

Posted by Financial Service News on March 10th, 2010

March 10 -- Steven Pelayo, regional head of technology research at HSBC Holdings Plc, talks with Bloomberg's Susan Li about the outlook for the global semiconductor industry.

Curbing derivatives could make it harder for Greece to…

Posted by Financial Market News on March 10th, 2010

Derivatives have become a dirty word. The complex financial products helped blow up the U.S. housing market.

Goldman seeks to block Shaw’s Canwest bid

Posted by Financial Service News on March 10th, 2010

The exterior view of Canwest Broadcasting Corporate Office building at 121 Bloor Street East in Toronto on Friday, February 12, 2010.

FAA air traffic forecast predicts more crowding, smaller fare hikes

Posted by Financial Market News on March 10th, 2010

United traffic at O'Hare International Airport. Passengers on U.S. airlines will pay relatively small increases in airfares over the next 20 years, but they should expect more flights crowding the nation's busiest airports, including O'Hare International, the Federal Aviation Administration said today.

GMAC finance chief leaving for private equity job

Posted by Financial Service News on March 10th, 2010

Automotive finance company GMAC Financial Services will lose its chief financial officer to a private equity firm by the end of March, the company said Tuesday.

Falling oil, gold push TSX slightly lower; Scotiabank hands in solid earnings

Posted by Financial Market News on March 9th, 2010

The Toronto stock market was little changed early Tuesday afternoon as Scotiabank handed in a better than expected earnings report and commodity prices weakened.

Abbott Labs to pay $450 million for Facet Biotech, expand access to biotechnology drugs

Posted by Financial Service News on March 9th, 2010

Drug and medical products company Abbott Laboratories said Tuesday it will buy Facet Biotech Corp.


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