Concentrating on Petrobras ProjectionsPetrobras sits on an important oil discovery and Brazil's government wants it to play the leading role in developing the resources. So much for diversification. The worry is if profit and cost projections prove too rosy.
Banks Lift StocksStocks drifted a smidgeon higher, as investors awaited an agreement among Greek politicians on reforms ahead of the country's second international bailout.
Asian Shares FallAsian shares were mostly lower on news that Greece's debt restructuring talks ended without a conclusive deal, sending the euro and regional currencies lower against the U.S. dollar. The Nikkei fell 0.5%.
Cisco's Profit Up Amid RestructuringCisco reported a big jump in profit, its first such gain in a year, as the company's turnaround plan seems to be having positive effects.
Goldman Snags Old AIG BondsGoldman Sachs Group won a hotly contested auction for a large bundle of risky mortgage bonds from the 2008 bailout of American International Group, in a sale that was a victory for both the Wall Street firm and the Federal Reserve Bank of New York.
Investor Views of Euro Zone BrightenThe hopes for a successful conclusion to the latest Greek debt talks take financial markets closer to having the sword of Damocles removed from over investors' heads.
Caesars Shares Surge on DebutShares of Caesars Entertainment zoomed higher on their first day of trading, up 70% in the afternoon.
Groupon's Growing PainsGroupon reported a surprise net loss for the fourth quarter. Shares fell more than 10% after hours.
U.S. Plans to Sue Banks Over BondsFederal securities regulators plan to warn several major banks that they intend to sue them over mortgage-related actions linked to the financial crisis.
Banks Near $25 Billion Pact on Foreclosure ProbeGovernment officials are on the verge of an agreement worth as much as $25 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
Foreign Deal on Tax DodgingThe Treasury Department and the governments of five European nations reached broad agreement Wednesday on a proposal to prevent U.S. taxpayers from dodging taxes through foreign accounts.
MF Customers Protest 'Wrongful Act' InsuranceCustomers of MF Global say the failed brokerage shouldn't pay for a potential "wrongful act" legal defense of former Chief Executive Jon Corzine and others with money from MF Global's own insurance subsidiary.
Barneys Hires AdvisersBarneys New York Inc. has hired bankruptcy and restructuring counsel, as the swanky retailer grapples with debts coming due later this year.
ICE Sees Strong Revenue Growth in 2012IntercontinentalExchange executives said they expect 2012 revenue to grow by at least 10%. The derivatives exchange operator reported a 28% gain in quarterly profit.
Paulson Rips Hartford ManagementHedge-fund manager John Paulson excoriated executives at Hartford Financial Services Group on the insurer's quarterly conference call, telling them they need to "do something drastic" to boost their stock price.
Hedge Funds Added Small Gains in JanuaryHedge-fund performance perked up in January, although the sector continued to lag the major stock indexes.
Bosses in Cross Hairs on Wall StreetGoldman and Morgan Stanley clarified for the first time that managers are also on the line when firms seek to recover pay under 'clawback' policies.
Canadians Dish Out U.S.-Dollar DebtInvestor hunger for top-rated sovereign debt prompted the Canadian government to launch a rare U.S.-dollar bond, capitalizing on the country's status as one of the few havens in these turbulent times.
Salvos Flying in Gupta CaseProsecutors plan to unveil more instances in which former Goldman Sachs director Rajat Gupta allegedly shared inside information when the case against him goes to trial.
Groupon Must Deal With Growing PainsAs Groupon CEO Andrew Mason leads his first earnings call, the hard work may just be starting for the newly public company. Groupon has to prove its business isn't just a fad and that it can make money.
