financial sector

The S&P 500 is a bellwether for the American economy, and with quarterly reports for more than half of the index's companies in this earnings season, S&P 500 firms are averaging a 4.5% positive earnings per share surprise, according to Capital IQ's Earnings This Week report.

In a bid to promote a more polished image, Swiss-banking giant UBS is giving employees a 43-page guide that advises them on how to dress to impress when dealing with clients, in extreme detail. Do: Wear jackets buttoned. Don't: Let underwear be seen.

Two former brokers convicted of securities fraud won't have to return the $4.45 million signing bonus they received from Morgan Stanley, ruled an arbitration board.

The much-awaited third-quarter gross domestic product number to be released Thursday is expected to show a 3.5 percent increase. In the view of most economists, a positive number will mark the end of the recession which began in late 2008. But a positive print in the GDP is so widely expected that...

If ever a business should be suffering right now, it's Classic Car Club Manhattan. It's one of those concepts that only could have been dreamed up during the vroom-vroom years of the past decade. For an annual fee of $10,000 to $20,000 or more, bond traders, real estate developers, the occasional...

As the first quarter ended this week, earnings season is about to unofficially kick off Tuesday April 7, when Alcoa Inc. (AA) -- the first of the Dow Jones Industrial stocks -- reports earnings. This earnings season comes with no small amount of jitters as the recession has deepened throughout the...