Chairman’s son named to Capital Bank board

William Carter Keller of Sanford has been appointed to a seat on the board of both Raleigh-based Capital Bank (Nasdaq: CBKN) and the bank’s holding […]

Asia helps feeble West in global recovery: OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge […]

AXA eyes Asia insurance growth via AMP asset deal

French insurer AXA bid for full control of its majority-owned Asian arm on Monday, seeking a tighter grip on the region’s strong growth potential.
The […]

U.S. manufacturers more optimistic: survey

More U.S. manufacturers are optimistic about the economy, but poor demand remains a top concern, according to a survey.
Forty-eight percent of U.S.-based industrial manufacturers […]

Galleon winding down hedge funds

Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with […]

U.S. must live within its means: Geithner

The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar’s status, […]

SEC, CFTC mull joint enforcement squad: sources

U.S. securities and futures regulators are considering a joint enforcement squad to investigate and root out fraud in the markets, two sources familiar with […]

German investor morale dips, raising growth doubts

German analyst and investor sentiment unexpectedly fell for the first time in three months in October to hit its lowest level since July, suggesting […]

South Korea Says It Will Keep Economic Policies ‘Accommodative’

South Korea’s government will maintain its stimulus packages until an economic recovery strengthens, the Ministry of Strategy and Finance said.
“An exit strategy will […]

New U.S. accounting rules may derail consumer lending

The Federal Reserve’s program to revive the markets for U.S. securitized debt may be disrupted and credit to consumers choked off if planned accounting […]