(Reuters) - Shares of Hewlett-Packard Co were down 2 percent in premarket trading on Thursday after the world's No. 1 computer maker posted a sharp decline in quarterly earnings and warned it would take several years to turn around its sprawling businesses. The storied Silicon Valley company, which has been trying to move …

NEW YORK (Reuters) - Banks led stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas. U.S. banks were the S&P 500's worst performing sector. Investors feared that weak euro zone growth would hamper countries dealing …

NEW YORK (Reuters) - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. A summons was filed Tuesday by Sealink Funding Ltd, an Irish entity that oversees risky RMBS, in New …

LONDON/PARIS (Reuters) - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings. From France to Germany, Britain to Belgium, some of the region's biggest banks lined up to reveal billions of euros lost …

NEW YORK (Reuters) - S&P 500 stock index futures pared gains but recovered quickly on Thursday after a report showed new U.S. claims for unemployment benefits were unchanged last week, holding at the lowest level since the early days of the 2007-2009 recession. S&P 500 futures rose 2.2 points and were above fair value, …

ATHENS (Reuters) - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden. It said Greece would be designated as having technically defaulted …

BRUSSELS (Reuters) - The euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt. However, the EU's top economics official said that recent surveys …

(Reuters) - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation. …

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