Among the factors responsible for the European banking crisis has been the persistent unwillingness of bankers and regulators to acknowledge they had a problem. That was particularly true in France.
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U.S. Stock Futures Rally
U.S. stock futures rallied on the back of strong gains in Europe, as investors grew increasingly optimistic that an agreement to expand the euro zone's bailout fund will be reached soon.
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Germany, France Delay Rescue Plan
Disagreement between Germany and France over virtually every point in a plan to resolve the euro-zone debt crisis forced Merkel and Sarkozy to concede that no decisions will be taken by EU leaders at a Sunday summit.
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GE's Profit Climbs 57%
GE's third-quarter earnings rose 57% as energy-infrastructure gains helped offset flat revenue at the GE Capital finance arm and the absence of media company NBC Universal.
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For Santander, Links Aren't Plain
An examination of the financial relationship between Banco Santander and its British unit, Santander U.K., shows that billions of euros have moved between the parent and its subsidiary in recent years.
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Posco Net Plunges 78%
Hefty foreign-exchange translation losses pulled Posco's third-quarter net profit down by 78%, and the South Korean steelmaker signaled it expects tough conditions ahead as global economic problems weaken demand.
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'Flash Robs' Vex Retailers
Retailers are increasingly concerned about "flash robs," a criminal incarnation of the "flash mob" phenomenon in which social media is used to organize groups to shoplift en masse.
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Legal Fight Splits AIG, BofA
Bank of America recently declined an opportunity to provide AIG with new credit, even though the lender had helped arrange the insurer's credit lines last year.
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M.B.A.s Seek to Occupy Wall Street
Financial-services industry hiring at the big Master of Business Administration programs hit a post financial-crisis high this year.
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NBA Talks Break Down
Labor negotiations between the NBA and its players union broke down again on Thursday night after a three-day federal mediation session left the two sides far apart on an agreement, said NBA Deputy Commissioner Adam Silver.
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Sands Investigation Comes Into Focus
Las Vegas Sands's general counsel asked employees for the names of government officials who have gambled at the company's Macau casinos, indicating a possible focus of the U.S. government's bribery probe into the company.
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GM's Chevy Ad Account in Review
GM's Chevrolet brand is seeking to reduce the dozens of ad agencies it works with globally. The auto maker spends the majority of its ad budget on the brand.
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Jobs Biography Reveals Personal Details
Walter Isaacson's new Jobs biography reveals the late Apple co-founder was bullied in school, named Apple while on a 'fruitarian' diet, and counted the Beatles among his favorite bands.
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Capital One's Solid Quarter Belies Troubling Signs
Capital One Financial reported a small increase in third-quarter profit as the bank's loan write-offs and delinquencies continued to fall, though those improvements showed signs of slowing.
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Blackstone Logs Loss; Funds Still Pour In
Declining equity markets drove Blackstone Group to a third-quarter loss as the private-equity giant wrote down the value of its portfolio companies.
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Microsoft, Others Work on Yahoo Bid
Silver Lake Partners is working with the Canada Pension Plan Investment Board, and Microsoft to put together a proposal to buy Yahoo.
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Philip Morris International Raises Profit Outlook
Philip Morris International third-quarter earnings jumped 31% thanks to price increases and double-digit volume growth in key Asian markets, particularly in Indonesia, Japan, South Korea and the Philippines
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Home Resales Drop
Sales of previously occupied homes in the U.S. fell last month, a sign of continuing weakness in a depressed part of the economy.
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SAC Capital Faces New Deal Probe
The SEC is examining whether SAC Capital Advisors improperly profited from trades made before the takeover of Cougar Biotechnology by Johnson & Johnson was announced in 2009.
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UBS Plans Banking Cuts
Under pressure to revive UBS's fortunes and help the firm recover from a rogue-trading scandal, the Swiss bank's interim chief is preparing to shrink its once high-flying investment-banking unit.
