Financial Service News

Transocean Ltd. shareholders voted in favor of one of billionaire investor Carl Icahn 's three board nominees, while rejecting his dividend plan in favor of a lower payout supported by the company.

A man walks past a sign welcoming Facebook to the NASDAQ Marketsite in New York May 18, 2012.

The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market , raising concern that investors are lowering their standards as they seek to take advantage of the region's relatively high yields.

SAN JOSE, Calif. - The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S. visa policies northward, just as Congress wrestles with a long-sought overhaul of America's immigration system.

Chris Hall is the CBC's National Affairs Editor, based in the Parliamentary Bureau in Ottawa.

The U.S. Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering at the Canadian bank's Chicago branch.

Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region.

Two are being closed in Maryland, both in the Annapolis area, the Baltimore Business Journal reported .

The firm currently has an "outperform" rating on the stock. Other equities research analysts have also recently issued reports about the stock.

The legacy of J.C. Penney's former CEO continues to cast a dark cloud over the department-store chain.

Vikram Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking licence, the company said.

Commerce Bank's parent company, Commerce Bancshares Inc., announced Wednesday that it is buying Tulsa-based Summit Bancshares for $40.6 million in Commerce stock.

VERSAILLES, Ind. - The teenager involved in a Ripley County crash that led to three high school students' deaths is scheduled to appear in court for a Thursday morning hearing.

Buffalo police said Wednesday that they are seeking the public's help in locating a person of interest in connection with the May 6 bank robbery that occurred at the M&T Bank located in the 400 block of William Street.

Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees.

A recent survey has shown that several unexpected setbacks have taken a major hit to Baby Boomers' retirement savings.

Smartphones are increasingly popular not only with consumers, but also with thieves who see the devices as another way to tap into bank accounts and other sensitive information, experts say.

Catholic University says a charitable foundation is pledging $4 million to its nursing school to fund scholarships for students pursuing nursing jobs in the Washington area.

A New York appeals court dismissed a case against Goldman Sachs Group Inc brought by a bond insurer who claimed it was fraudulently induced to insure the bank's Abacus product tied to subprime mortgages.

Nebraska Attorney General Jon Bruning has been fined $19,000 by the Federal Election Commission for violating campaign finance laws during his run for U.S. Senate last year.