Financial Service News

An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.

Frankfurt police are preparing to clear a tent-camp of about 300 Occupy protesters from near the European Central Bank.

Standard & Poor's lowered Chesapeake Energy's credit rating Tuesday, questioning how quickly the company could remedy its financial problems.

Facebook has raised the price range of its stock shares just days before the company's highly anticipated initial public offering.

The European Union says its naval force off the Somali coastline has carried out its first air strikes against pirate targets on shore.

A recent sale in New York's famed 740 Park Avenue apartment building marked the highest price ever paid for a co-op in the city's history.

The Federal Reserve says the average value of farmland in several Midwest and Western states grew more than 25% in the first quarter as farm income remained strong.

A decade or so ago, Facebook's feverishly anticipated IPO would have been handled -- or "underwritten," in industry jargon -- by one of a handful of boutique investment banks, dubbed the "Four Horsemen," which became part of Silicon Valley lore by helping companies like Netscape and Apple go public.

Leading European Union finance officials on Monday pleaded with Greece not to renege on its bailout terms and to stay the course of its painful austerity program to prevent even worse economic hardship.

With much excitement, Chef Bill Brodsky, formerly of Wequassett Resort and Golf Club in Harwich, MA, announced that he will open his first Boston restaurant, City Landing, this July.

The judge overseeing the criminal trial of John Edwards will sharply curtail the testimony of a key witness for the defense as they try to prove he didn't break the law.

Opponents of Maryland's same-sex marriage law are collecting signatures, trying to get a referendum on the November ballot to overturn it before it takes effect.

Greece will not receive any more financial aid if it does not stick to the agreed bailout deal, European Central Bank policymaker and head of Germany's Bundesbank Jens Weidmann was quoted as saying on Saturday.

Occupy groups, including Occupy Petaluma, are planning a "Day of Shame" at Sonoma State University's graduation Saturday to criticize the school for awarding an honorary doctorate for the former CEO of Citigroup who they say helped cause the economic crisis.

Automobiles pass a JP Morgan Chase building Thursday, May 10, 2012, in New York.

The most crucial development in the insider-trading trial of former Goldman Sachs director Rajat Gupta is likely to occur before it even begins: the admissibility of three key wiretaps.Federal prosecutors and defense lawyers have been sparring over the government's bid to play the kind of dramatic wiretaps it has employed in the past two years ... (more)

Chesapeake Energy Corp. has received a $3 billion loan from Goldman Sachs and Jefferies Group, giving the company more time to sell assets and lower its debt.

In this Wednesday, Jan. 13, 2010 file photo, from left, Goldman Sachs Group, Inc.

LinkedIn Corp and private equity firm Silver Lake Partners are among a number of parties that have expressed interest in a potential deal for Monster Worldwide Inc, according to people familiar with the matter, as the Internet jobs-search company is preparing data for potential buyers.

A federal judge refused to throw out campaign corruption charges against John Edwards on Friday, meaning the former presidential hopeful will have to present his case to a jury.