Bob Diamond: 'unacceptable face of banking'
Bob Diamond, the U.S.-born former chief executive of Barclays, is in part credited with keeping taxpayer money away from the British bank during the 2008 financial crisis; he's also been called the 'unacceptable face of banking.' See full story.
Barclays off in London ahead of Diamond testimony
Shares of Barclays were among banks posting losses Wednesday in London as that group's ex-chief executive officer, Bob Diamond, readied to testify in front of the U.K. parliament about the Libor interest-rate scandal. See full story.
U.S.'s Fourth of July holiday goes global
Though wildfire concerns have led to a banning of fireworks displays in some at-risk locales, Independence Day celebrations are underway across the U.S. and in locations beyond. See full story.
U.S. stocks close higher on factory orders
U.S. equity markets gain on day led by energy and materials stocks, boosted by higher commodities prices and a report showing a surprisingly strong rise in factory orders in May. See full story.
Banks, energy drive losses for Europe stocks
Losses for banks prove a drag for European stock markets Wednesday, with attention on the interest-rate fixing scandal, while energy stocks also weighed as crude prices pull back from five-week highs. See full story.
As Research In Motion tries to reverse slide, there is little hope among investors for a comeback. Its story will undoubtedly lead to numerous business-school case studies picking apart where it went wrong. See full story.
It's a situation that seems to defy supply-and-demand logic: If there's more demand in the housing market, wouldn't the cost of borrowing funds to buy a home be significantly on the rise? See full story.