The U.S. Treasury announced on Wednesday that government financial rescue programs have begun to turn a profit, and estimates a total profit of about $24 billion based on current market conditions.
KeyCorp announced that it completed the repurchase of $2.5B of Fixed-Rate Perpetual Preferred Stock, Series B issued to the Department of the Treasury as a result of Key's participation in the Capital Purchase Program of the Troub
KeyCorp (KEY) today announced that it has commenced an underwritten public offering of $625 million of its common stock to repurchase the $2.5 billion of Series B Fixed-Rate Cumulative Perpetual Preferred Stock it issued to the U.
JPMorgan (JPM) topped the Street on Q4 profit, but is still trying to shake off the after-affects of the financial crisis, according to analysts. JPMorgan is up near 1%. Intel posted a better-than-expected quarterly profit and gui
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Stocks have mostly slipped out of the gate as investors appear to be selling on the news, following strong results from Intel Corp. (INTC) and JPMorgan Chase (JPM) with lackluster retail sales reports also contributing to profit-t
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...