Financial Service News
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The Treasury Department will unveil President Barack Obama's corporate tax reform plan Wednesday -- a framework that would reduce the overall rate paid by corporations, a senior administration official told CNN.
A U.S. Securities and Exchange Commission graphic appears on a computer screen at the SEC headquarters in Washington, June 24, 2011.
President Barack Obama has thanked German Chancellor Angela Merkel for her leadership in helping secure a Eurozone agreement to prevent a potentially disastrous fiscal default by Greece.White House spokesman Jay Carney says Obama and Merkel spoke by telephone Tuesday.
The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
U.S. demand for oil and refined products - including gasoline - is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes.
Grubb & Ellis Co has announced that it has signed an agreement to sell substantially all its assets to BGC Partners.
THE Reserve Bank of Australia appears to be in no hurry to cut the cash rate again, although it is clearly reserving that option.
The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead.
A staff member is silhouetted on a projector screen displaying a logo of Olympus Corp before a news conference in Tokyo February 13, 2012.
Tuesday is the last day for Oscar voters to turn in their ballots for this Sunday's ceremony.
A former boss of Canadian Pacific says he's rooting for the company's current CEO, who is fighting to keep his job amid a dramatic fight with the company's biggest shareholder.
FILE- This Thursday, June 30, 2011 file photo shows comedian Stephen Colbert as he appears before the Federal Election Commission in Washington.
Canada is threatening to take Europe to the world's trading body if it persists in trying to single out oilsands crude as dirty oil.
The crusade to detoxify bank bonuses has taken a significant step forward with the decision by state-backed Lloyds Banking Group to embark on Britain's first-ever seizure of undeserved awards.
A senior U.S. regulator was "optimistic" on Monday about finding a framework for the world's top economy to use global book keeping rules for investors to compare cross-border companies.
BRUSSELS: The Greek Prime Minister, Lucas Papademos, was to hold last-minute talks with euro zone finance ministers yesterday to ensure his near-bankrupt country finally secures a vital 130 billion bailout and avoids a default on its debts that could put the single currency at risk.
Lloyds Banking Group is to claw back bonuses worth around A 2 million in the wake of the scandal over payment protection insurance , it has been reported.
Bank of Ireland, the only one of Ireland's six banks to avoid nationalization, on Monday reported it returned to net profit in 2011 thanks to heavy debt restructuring in the face of continued losses from dud loans.
This year's gala will be remembered for the number of announcements that took everyone by surprise.
This Thursday, June 30, 2011 file photo shows comedian Stephen Colbert as he appears before the Federal Election Commission in Washington.