The Dow and S&P 500 closed at record highs, joining a rally in Asian and European shares, spurred by the Bank of Japan’s decision to unexpectedly expand its stimulus measures.
Some brokers and shareholders are pulling back from unlisted real-estate trusts connected with American Realty Capital and Nicholas Schorsch after the firm disclosed accounting irregularities.
Jefferies said its top executives and health-care investment bankers took and passed drug tests, as the firm stepped up its response to a firestorm created by a senior banker’s divorce proceedings.
U.S. car-safety regulators disclosed a new air bag recall for a problem unrelated to an earlier recall affecting 7.8 million older vehicles, raising questions about the breadth of the problem of air bags that can explode with too much force.
The head of the FCC is laying the groundwork for expanding the agency’s authority over broadband providers, but would still allow them to cut deals with content companies for special access.
Exxon said its third-quarter earnings edged up 2.5% as higher refining margins and improvements at its refining and marketing segment helped offset lower production.
Crude-oil prices were lower as a rising dollar put pressure on the market.
Intesa Sanpaolo CEO Carlo Messina has ruled out Intesa rescuing crippled lender Banca Monte dei Paschi di Siena, which has to come up with a plan to plug a $2.65 billion capital shortfall.
European stocks rose sharply, tracking gains in both the U.S. and Asia, where equities were buoyed by upbeat growth data and the Bank of Japan unexpectedly announcing additional stimulus measures.
Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.
Mexico’s planned construction of a $10 billion broadband network, with more than 20,000 antennas, could provide an alternative to Mexico’s dominant carrier, Telcel, which is owned by billionaire Carlos Slim.
Morgan Stanley has named a former Central Intelligence Agency executive to its board, replacing retiring, longtime board member Griff Sexton.
A Caterpillar Inc. spokeswoman said Friday the company believes its accounting treatment of the 2011 acquisition of Bucyrus International Inc. was “appropriate.”
J.P. Morgan Chase & Co. may not have discovered the breach in its computer systems as quickly this past summer if it hadn’t gone looking for trouble elsewhere, people briefed on the investigation said.
Americans cut spending last month for the first time since January, raising doubts about the economy’s ability to maintain the summer’s sturdy growth.
Telecom company Altice SA is set to make a firm offer to buy PT Portugal from its Brazilian owner, as competition heats up for the Portuguese unit valued at over €6 billion.
The Bank of Russia raised interest rates by 1.5 percentage points, the largest rise since March, highlighting the deepening economic cost of sanctions and falling oil prices.
The U.S. economy expanded at a healthy 3.5% annual pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.
Banco Santander said it increased ownership in its Brazil subsidiary after some investors accepted the bank’s offer to buy out minority shareholders.
Banco Popular Español said third-quarter net profit rose 80% from a year earlier, even as the bank more than doubled the amount of funds it set aside to cover bad loans.
An emerging FCC plan to give the agency more authority to regulate traffic on broadband Internet networks is shaping up as the classic Washington compromise. No one loves the idea, and everyone is sure it will wind up in court.
AIG agreed to a $35 million fine to settle with New York’s top financial regulator over allegations an international business it has since sold had marketed insurance in the state to multinational companies without proper licensing.
Workers are starting to see a little spring in their paychecks and benefits, just as consumer spending fell unexpectedly in September.
The sharp drop in Samsung’s mobile-phone business raises the question: Will Chinese companies soon rule the smartphone market?
U.S. employers’ labor costs picked up this summer for the second straight quarter, a sign that worker pay could finally break out of its postrecession pattern of sluggish growth.
Big banks in the U.S. and Europe are stockpiling billions to pay for a potential trans-Atlantic settlement of allegations that they manipulated foreign-exchange rates.
Hilton Worldwide said its third-quarter profit edged down on higher expenses, but the hotel operator raised its outlook for the year on strong revenue and occupancy rates.
The annual rate of inflation in the eurozone picked up slightly in October, but marked its 13th straight month at less than half the rate targeted by the European Central Bank.
Myanma Economic Holdings, a conglomerate controlled by Myanmar’s military, said it has won a legal fight to wrest full control over a brewery from its Singaporean partner, Fraser & Neave Ltd.
Switzerland’s central bank swung to a profit in the first nine months of the year as foreign currency and gold prices boosted its performance.