Wednesday, April 7, 2010 as of 11:14 AM ET
Wall Street refers to the financial district of New York City, named after and centered on the eight-block-long street running from Broadway to South Street on the East River in Lower Manhattan.
Read More at Wikipedia ›Struggling lender Dexia SA (DEXB.
BT) said Thursday that it is in exclusive talks to sell its Turkish Denizbank AS (DENIZ.IS) unit to Russia's biggest bank, OAO Sberbank (SBER.RS), as the once-mighty Belgian-French bank continues to shed off key assets to shore up its balance sheet."Further to a competitive bidding process the Dexia group and Sberbank have decided today to enter into exclusive negotiations with a view to disposing of Denizbank, following the submission by Sberbank of a binding offer," Dexia said in a short statement. "The parties have agreed to achieve, within the shortest possible timeframe, the signing of a purchase and sale agreement. This is for Dexia a major milestone in the execution of its orderly resolution plan announced in the fall of 2011."No financial information was disclosed in Dexia's after-market announcement, but a person familiar with the deal said that it would be worth between $3 billion and $4 billion and "the biggest in Sberbank's history," with de...
Lori Rothman breaks down afternoon market news.
Shareholder meetings tend to be dull, pro forma affairs held at sterile conference centers and highlighted by an earnest chief executive who checks off a list of acc...
FOX Business: The Power to ProsperThe markets posted their first weekly gain in four weeks despite Friday's weak close as traders paid close attention to the debt cr...
Keith Fitz-Gerald of Money Map Press on whether you should invest in stocks amid a global slowdown.
The English Premier League, which represents the nation's top 20 soccer clubs, said Friday that it has sold the U.K. free-to-air highlights rights to the British Bro...
J.P. Morgan Chase & Co. (JPM) sold $101.3 billion more long-dated derivatives insuring against defaults by investment-grade companies as of March 31 than it had boug...
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue t...
FBN's Sandra Smith breaks down business headlines.
Asia's richest man laid out his succession plans Friday, putting his older son at the helm of his business empire and promising his younger son funding to embark on ...
U.K. Prime Minister David Cameron said Friday he was right to appoint Culture Secretary Jeremy Hunt to oversee the regulatory process of News Corp.'s (NWS, NWS.AU, N...
Lehman Brothers Holdings Inc. confirmed its will buy the 26.5% stake in Archstone it doesn't already own for $1.58 billion, ending a high-stakes battle over the cont...
Among the companies with shares expected to actively trade in Friday's session are Delphi Automotive PLC (DLPH), VeriFone Systems Inc. (PAY) and SemTech Corp. (SMTC)...
Activist investor Carl Icahn skewered Chesapeake Energy Corp.'s (CHK) board for corporate governance controversies and "irresponsible actions" while disclosing he ac...
Kaltbaum Capital Management President Gary Kaltbaum on the fallout from the Facebook IPO.
Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) and called for the replacement of at least four of the embattled natural gas comp...
FBN’s Tracy Byrnes on the decline in gas prices.
Macke Asset Management’s Jeff Macke on what Facebook needs to do to improve its outlook.
FBN’s Charlie Gasparino on the impact of the Facebook IPO on Nasdaq CEO Robert Greifeld’s quest for the Chairman position.
FBN’s Nicole Petallides on mattress stocks getting a boost from increased revenue in April.
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2012 FOX News Network, LLC. All rights reserved.
