Stocks, Stock Market | featured news

Stocks are tumbling as investors worry that Greece won't qualify for a new installment of emergency funds in time to avoid defaulting on its debt.

A decision by European central banks to support the region's financial system helped calm Asian markets, setting off a rally across the region in Friday trading....

Swiss banking giant UBS said Thursday that a rogue trader has caused it an estimated loss of $2 billion, stunning a beleaguered banking industry that has proven vulnerable to unauthorized trades. Police in London said they arrested a 31-year-old UBS trader, Kweku Adoboli, in the alleged fraud. UBS declined to confirm his name.

European stock futures declined Wednesday as Moody’s Investors Service downgraded Societe Generale SA and Credit Agricole SA and Chinese Premier Wen Jiabao said developed nations should not rely on China to bail them out. U.S. futures and Asian shares dropped.

U.S. stocks plunged Friday, erasing the week's gains, as rising fears about fallout from Europe's debt crisis overshadowed President Barack Obama's plan to revive the U.S. job market.

A top board member of the European Central Bank unexpectedly resigned on Friday in what analysts saw as further evidence of the deep divisions over how to resolve Europe’s growing debt crisis. The move immediately rattled European markets and the euro, which slipped to a six-month low against the dollar. The European Stoxx and German DAX indexes tumbled 3.5 percent.

Markets declined on Friday in the wake of President Obama’s jobs speech that added to the uncertainty already weighing on global markets over the euro zone.

Nasdaq OMX has stepped up its opposition to the planned merger between NYSE Euronext and Deutsche Börse and said the deal would "irrevocably destroy" competition in Europe's listed-derivatives markets, just as the European Commission nears a decision on the tie-up.

JPMorgan Chase & Co, the second largest U.S. bank by assets, led a broader decline in bank share prices, as investors feared lenders face a growing list of lawsuits due to problem mortgages.

Crude-oil futures continued Friday's slide on growing fears that the U.S. is heading back into recession.