PARIS (Reuters) - Police have taken into custody the trader blamed for a $7 billion fraud at French bank Societe Generale, a judicial source said on Saturday.
WASHINGTON (Reuters) - The bidding topped $3.7 billion on the second day of the Federal Communications Commission's auction of government-owned airwaves, but there were no new suitors Friday for a closely watched block of spectrum to be shared with public safety agencies.
NEW YORK (Reuters) - Goldman Sachs Group and Credit Suisse Group on Friday said they will cut about 2,000 job worldwide as a credit crisis puts a damper on fixed-income trading and corporate dealmaking.
WASHINGTON (Reuters) - U.S. regulators said on Friday they would review a study showing a Merck and Schering-Plough cholesterol drug worked no better than a generic in preventing the build-up of arterial plaque.
NEW YORK (Reuters) - New York City Comptroller William Thompson on Friday expanded a class-action law suit filed against Countrywide Financial Corp , naming additional company officers and directors, 26 underwriters and two accounting firms.
NEW YORK (Reuters) - Wall Street may put the brakes on a steep decline next week, when a rate cut is anticipated from the Fed, and Friday's monthly jobs data may trigger a comeback for stocks after their January funk.
DUBAI (Reuters) - Banks in the Middle East will announce losses from exposure to the U.S. subprime mortgage crisis when they report fourth-quarter earnings, the Middle East Economic Digest (MEED) reported, citing bankers.
BOSTON (Reuters) - Jack Welch transformed General Electric Co from an old-economy manufacturer into a modern conglomerate, in part because of his insistence on a culture of straight talk, according to a new book by his former speechwriter.
NEW YORK (Reuters) - A key element of the stimulus package aimed at jump-starting the ailing U.S. housing market may have the unintended consequence of raising mortgage rates, said analysts studying the plan.
CHICAGO (Reuters) - U.S. airline labor unions, hungry to reclaim wage and benefit concessions, are busily issuing demands in exchange for their support for a potential merger, as they try to influence back-room talks.
