The Standard & Poor’s 500 Index pared its third straight gain, with energy, financial and technology companies trimming their advance the most in the past half hour.
BusinessWeek.com — Finance
PNC Financial Services Group Inc. may pay $ 3.45 billion in cash and stock for U.S. assets of Royal Bank of Canada, people with knowledge of the matter said.
BusinessWeek.com — Finance
Royal Bank of Canada, the nation’s biggest lender by assets, is in advanced talks to sell its U.S. retail banking unit to PNC Financial Services Group Inc., people with knowledge of the matter said.
BusinessWeek.com — Finance
Bank of America, Citigroup, and other big banks are stymied by a sluggish economy, low interest rates, and new regulations
BusinessWeek.com — Finance
U.S. stocks pared declines, trimming the Standard & Poor’s 500 Index’s second straight drop, as financial shares reversed their losses.
BusinessWeek.com — Finance
Canadian stocks erased gains as financial and power companies slumped, offsetting an advance by energy shares as natural gas rallied.
BusinessWeek.com — Finance
Mark Mobius, executive chairman of Templeton Asset Management’s emerging markets group, said another financial crisis is inevitable because the causes of the previous crisis haven’t been resolved.
BusinessWeek.com — Finance
President Barack Obama said failure to raise the U.S. debt ceiling by early August might disrupt the global financial system and plunge the nation into another recession.
BusinessWeek.com — Finance
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