Embattled Greek banks have been hit with more damaging data that showed savers withdrew funds at a rapid clip in April. But some high-profile investors have backed the lenders in recent months.
Oil prices rose Friday, helped by a drop in U.S. inventories, as closely watched drilling data reported another fall in activity.
These college grads are blessed with a jobless rate below the average of the past 40 years, foretelling higher wages in the years ahead.
U.S. data center operator giant Equinix won a scramble to acquire U.K.-based peer Telecity Group in a cash and share offer worth $3.6 billion.
Internet traffic carrier Level 3 Communications is taking an aggressive—and some say risky approach—to hacking by monitoring for criminal groups and isolating traffic believed to contain stolen data.
Snapchat disclosed it has offered to sell $650 million of stock in a private placement, an opportunity for the company and insiders to profit from the messaging company’s popularity.
The New York Stock Exchange is preparing a new plan to make it easier to buy or sell the shares of thousands of listed companies, an effort to counter the slow midday trading and uneven liquidity plaguing U.S. stock markets.
Yahoo Japan’s operational tie-up with Alibaba makes sense, and could portend a more serious relationship.
J.P. Morgan has begun layoffs that are expected to total more than 5,000 by next year, eliminating at least 2% of the bank’s workforce.