Investment Banking Staffing Shrinks 5.6% in Year
The number of investment banking jobs at the world's largest banks has fallen by around 5.6% over the past 12 months, according to Financial News analysis, as financial institutions look to stave off the impact of increased costs and declining fee revenues.
Nasdaq Proposes Options U.S. Treasury Bonds
Nasdaq OMX Group Inc. (NDAQ) plans to introduce a new class of option contracts on U.S. Treasury bonds by the end of the year, pending regulatory approval, the exchange operator was set to announce Thursday.
Hewlett-Packard Sees Bumpy Road; Shares Slide
Shares of Hewlett-Packard Co. (HPQ) fell as much as 7.9% Thursday after management detailed a litany of challenges in nearly every part of its business, disabusing any hopes investors might have had for a quick turnaround.
U.S. Home Prices Make Big Quarterly Jump
U.S. home prices took the biggest quarterly jump in 6 1/2 years, according to a government index, another sign that the housing market is stabilizing after a prolonged bust.
U.S. Fixed-Mortgage Rates On Rise
Average fixed mortgage rates in the U.S. continued to move higher over the past week--marking the fourth week in a row--as more signs emerged of improvement in the housing market, according to mortgage-finance company Freddie Mac (FMCC).