Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
The SEC today ordered that corporations use the interactive data standard XBRL for regulatory filings to make it easier for investors to analyze the information.
H&R Block Inc. said today it lost a larger-than-expected $133.6 million in the first quarter, about the same as a year ago, as acquisition expenses and other costs offset slightly higher revenues.
Deutsche Bank AG has reported a 67 percent rise in second-quarter net profit due to stronger corporate and investment banking and one-time charges that lowered the year-ago results. Shares slumped, however, due to write-downs and a cautious outlook.
Fifth Third Bancorp today posted a profit for the second quarter because of a $1.1 billion gain from the sale of a controlling interest in its processing business.
Wells Fargo & Co. said today it has renamed its investment banking and capital markets businesses as Wells Fargo Securities.
Oil prices plunged nearly $3 to below $64 a barrel Monday as dismal unemployment figures from the U.S. and Europe last week sparked investor doubts about any nascent economic recovery.
A trade group says its measure of the health of the U.S. services economy shrank in May at the slowest pace since October.
