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Morgan Stanley's profit surges, stock soars
Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were ...
What to watch for as earnings news rolls in
With fourth-quarter earnings seasons hitting its stride, investors are returning to the familiar comfort of cold, hard numbers — the press releases, ...
Stocks end week with gains; GE rises, Intel falls
Better earnings from General Electric and Morgan Stanley helped the stock market inch higher Friday, as major indexes closed out their third straight ...
Advocates push idea of requiring gun insurance
As lawmakers cast around for ways to curb gun-related violence, some are hoping the insurance market might offer incentives. A bill filed Friday in ...
IMF: Greece recovering, needs more EU cash
Greece has salvaged its economic recovery program following months of political uncertainty but still faces "enormous" challenges and will need new ...
Germany balks at bailing out Cyprus
When it came to helping out Greece, Ireland and Portugal, Germany grudgingly went along with its European partners and backed hundreds of billions in ...
IMF: Eurozone needs Portugal to stay on track
The International Monetary Fund is warning Portugal against the temptation to relax its contentious austerity drive, saying any backsliding could ...
Spanish banks' bad loan ratio at record 11.38 pct
Spain's central bank says the level of bad debt in the country's banks rose to a new record 11.38 percent in November, up from 11.23 percent in ...
American Express' 4Q earnings down 47 percent
American Express on Thursday said its fourth-quarter net income fell 47 percent, as the credit card issuer racked up hefty charges related to ...
UnitedHealth 4Q profit slips 1 pct. as costs rise
UnitedHealth Group Inc.'s fourth-quarter net income slipped 1 percent, as a rise in costs from medical claims and other expenses countered revenue ...
Legal expenses drag down Citigroup 4Q earnings
Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its ...
Lessons learned, BofA makes a new mortgage push
Bank of America wants a bigger slice of the mortgage market. This time, the bank is being more careful about how to get it. On Thursday, the bank ...
Government food price claims baffle Argentines
Six pesos a day. That's all it takes to eat in Argentina, at least according to the government. But on the streets of the capital, 6 pesos doesn't ...
Taxpayers will ease banks' costs in mortgage deal
Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many ...
Insurers may prove choosy with overhaul exchanges
The leader of the nation's largest health insurer warned Thursday not to assume widespread participation from his company in part of health care ...
S&P 500 surges on housing starts, jobless claims
The Standard and Poor's 500 index climbed to another five-year high after strong reports on housing starts and unemployment claims made investors more ...
IMF's Lagarde sees improved world economic outlook
International Monetary Fund chief Christine Lagarde said Thursday that the threat of financial collapse in the global economy appears to have eased.
Fewer US homes repossessed by banks in 2012
Lenders took possession of fewer U.S. homes in 2012 than a year earlier, as the pace of new homes entering the path to foreclosure slowed and banks ...
JPMorgan's Jamie Dimon gets big pay cut
America's best-known banker is getting a big pay cut. JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more than half, ...
CBS converting advertising unit to REIT
CBS Corp. said Wednesday that it is converting its U.S. outdoor advertising business to a real estate investment trust and selling the international ...
Egypt's Morsi tries to defuse flap over Jews slur
Egypt's Islamist president sought Wednesday to defuse Washington's anger over his past remarks urging hatred of Jews and calling Zionists "pigs" and ...
Goldman Sachs' net surges on investment banking
Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after its earnings almost tripled in the fourth quarter, handily ...
Germany to bring home gold stored in US, France
In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris ...
IMF approves $4.3 billion loan for Greece
The International Monetary Fund on Wednesday approved a $4.3 billion loan installment to Greece, following an economic review. The decision by the ...
Correction: Transgender Health Insurance story
In a story Jan. 11 about health coverage for transgender people, The Associated Press misidentified the company that Kathy Born speaks for. Born is ...