Investors who lost money when Bank of America Corp. bought Merrill Lynch without disclosing Merrill's problems can start applying to tap a $150 million compensation fund.
Asian and European stocks rose on Wednesday, lifted by bargain-hunting and upbeat data, as dealers set aside Wall Street's worst August performance in nine years amid stubborn US recovery doubts.
World stocks kicked off September on a stronger note on Wednesday as data showed a manufacturing rebound in China and stronger-than-expected growth in Australia, while the yen held near recent 15-year peaks against the dollar.
AP - The Securities and Exchange Commission has declined to seek fraud charges against Moody's Investors Services over its ratings of risky investments that led to the financial crisis.
AP - The Federal Reserve has approved a request by a Chinese sovereign wealth fund to acquire up to 10 percent of the voting shares of New York investment giant Morgan Stanley.
AP - SEPTEMBER SLUMP: September is historically the worst month in the market and one of only three, along with February and June, when stock prices typically decline. The Standard & Poor's 500 index has declined an average of 0.6 percent in Septembers since 1950.
Reuters - No client is too small for Goldman Sachs Group Inc these days, even a company with no revenue that's owned by a hedge fund specializing in penny stocks.
Stock markets surged around the globe Wednesday thanks to encouraging signs about manufacturing growth in China and the United States. The Dow Jones industrial average closed up 254.75 points, or 2.5 percent, to 10,258.16. The broader Standard & Poor's 500 United States - Dow Jones Industrial Average - China - S&P 500 - Stock market
Stock markets around the world shot higher yesterday on strong manufacturing data in the US and China that boosted investor confidence after recent losses.
Stock markets in Europe reversed earlier losses after data showing US consumer confidence rose more than expected eased investors' fears of a double-dip recession. The FTSE 100 Index ended up 23 points, or 0.4% higher at 5,225 points, while the CAC 40 added 0.1% to 3,490, and Germany's DAX rose 0.2% to 5,925. In New York, the Dow Jones Industrial Average was 33 points higher, or 0.3%, at 10,042
