Financial Service News

Federal securities regulators have won a partial victory against two brothers accused of trading on inside information in 2009 about French pharmaceutical company Sanofi's plan to buy a Tennessee-based company.

General Electric Co said on Thursday it will stop paying its senior executives dividends on stock awards that have not yet vested, after investors urged the company to end the long-held perk.

The Justice Department says its top antitrust official, Bill Baer, is recusing himself from the department's review of Comcast's $45 billion purchase of Time Warner Cable Inc. Spokeswoman Gina Talamona says that Baer, an assistant attorney general, was not heading the review due to some work he did while in private practice.

Prosecutors said greed motivated former Jefferies Group Inc trader Jesse Litvak to defraud the government on mortgage securities, while defense lawyers said their client's "fibs" were perfectly acceptable, during closing arguments at a closely-watched trial on Wednesday.

The European Central Bank is expected to hold off on cutting interest rates on Thursday, opting instead to loosen lending conditions to fight off the danger of debilitating low inflation.

The central bank for the eurozone's 18 countries is likely to be encouraged by recent upbeat economic indicators and stabilization in the inflation rate.

The email from the bank was unexpected. Laura Benson got an increase in her small business credit line.

General Electric CEO Jeffrey Immelt's compensation fell 7 percent last year to $19.2 million primarily because of a big drop in his long-term pay.

The Standard & Poor's 500 index traded within a range of about five points, or about a quarter of a percentage point for the whole day, before ending a fraction lower.

A real estate agent puts up a "sold" sign in front of a house in Toronto April 20, 2010.

The House Foreign Affairs Committee will vote as early as Thursday on a resolution laying out proposed sanctions against Russia over the standoff in Ukraine, the panel's chairman, Rep. Ed Royce, told CNN.

New "fixed annual payments" put Lloyds boss Antonio Horta-Osorio in line for a potential salary and bonus package worth 4.9 million this year Lloyds Banking Group is to hand boss Antonio Horta-Osorio a A 900,000 shares allowance this year on top of his salary and potential bonus as it looks to sidestep new European rules capping payouts.

The five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation, a filing with a US federal court in New York showed.

Fiji strongman Voreqe Bainimarama relinquished his military command Wednesday in a move hailed by Australia and New Zealand as pivotal for the coup-plagued Pacific nation's return to democracy.

Australia's government has rejected a request from Qantas Airways for a $2.7 billion unsecured loan to help the national carrier return to profitability, deciding instead to abolish foreign ownership restrictions, the prime minister said.

A Maryland court says Dominion Resources can export natural gas from a terminal at Cove Point in Calvert County, a move the Sierra Club was trying to block.

U.S. job growth likely picked up enough in February to encourage the Federal Reserve to continue to scale back its monetary stimulus, although the gain is likely to be tepid given the unrelentingly harsh winter weather.

Luca Maestri, Apple's vice president of finance and corporate controller, will succeed 51-year-old Oppenheimer as CFO, reporting to Chief Executive Tim Cook.

Legg Mason Inc. , the money manager that has struggled with more than five years of net redemptions, said it will buy QS Investors, a global quantitative equity firm.

Bank of Nova Scotia earned $1.709 billion in its latest quarter, up 6.5 per cent from a year earlier overall and in line with analyst estimates.