Reuters - There is room for American workers' wages to grow and reason to expect it, Federal Reserve Chairman Ben Bernanke Thursday told congressional critics who said pay wasn't keeping pace with profits.

Dubai International Financial Center(DIFC), a major regional offshore financial services hub, said it was in talks to create a financial district in India. Omar bin Sulaiman, governor of the state-owned DIFC, said the Indian center might open as early as 2007 but stressed that talks with the...

Foreign financial services, like ABH AMRO, HSBC and Citibank are hoping to grab hold of opportunities to link up with China's investment of its rising wealth in overseas markets. However, industry experts along with analysts claim that foreigners seeking a license to invest Chinese finances...

Reuters - Discover Financial Services, the credit card division of Morgan Stanley , on Monday launched a card targeting small business owners, a big market it says gets little attention from other issuers.

Investor's Business Daily - Doug Fabian has moved mostly in cash. The chief investment strategist at Fabian Financial Services used to invest mainly in mutual funds. But earlier this year he launched ETF Trader, a newsletter geared to exchange traded funds.

Reuters - MasterCard Inc., the world's No. 2 credit-card association, priced an initial public offering of stock worth about $2.4 billion on Wednesday, amid expectations of strong demand for one of the financial services industry's top brands.

Reuters - MasterCard Inc., the world's No. 2 credit-card association, is set to price its initial public offering later on Wednesday amid expectations of strong demand for one of the financial services industry's top brands.

Reuters - Wal-Mart Stores Inc. , the world's biggest retailer, on Tuesday posted a better-than-expected 6 percent rise in quarterly profit as new merchandise such as its Metro 7 clothing line boosted spring sales.

Reuters - Wal-Mart gave inaccurate testimony to U.S. regulators considering its application to open a bank, wrongly describing a provision of some leases signed by banks in its stores, according to leases obtained by Reuters.

Reuters - General Motors Corp. on Monday said it had agreed to sell a 51 percent stake in its financing arm, General Motors Acceptance Corp., to a consortium led by hedge fund Cerberus Capital Management LP for $14 billion, payable over three years.

Reuters - General Motors Corp. is expected to announce on Monday it will sell a controlling stake in its General Motors Acceptance Corp. financial services business to a consortium led by hedge fund Cerberus Capital Management LP for a total of roughly $11 billion, sources familiar with the situation said on Sunday.

Reuters - General Motors Corp. may announce as soon as Monday a decision to sell a controlling stake in General Motors Acceptance Corp., its financial services business, for about $11 billion, sources familiar with the situation said on Sunday.

Reuters - The board of General Motors Corp. is edging toward a decision this weekend on whether to sell a controlling stake in General Motors Acceptance Corp., its financial services business, for about $11 billion, sources familiar with the negotiations said on Friday.

Reuters - Zurich Financial Services on Monday agreed to pay $153 million to settle insurance bid-rigging charges by New York, Connecticut and Illinois, bringing to about $325 million in such settlements it has made with 12 U.S. states.

Ayinde O. Chase - AHN Staff Writer Pittsburgh, Pennsylvania (AHN) – According to a study released on Wednesday by PNC Financial Services Group, hospital and insurance executives believe that an automated medical claims and payment process may reduce the costs of health care in the United...

Reuters - Federal Reserve Chairman Ben Bernanke said on Monday it was hard to gauge why long-term interest rates were so low and said the U.S. central bank could not rely on them as its sole guide for policy-making.

Matthew Borghese - AHN Staff Writer Washington, D.C. (AHN) - A unit of Zurich Financial Services AG, will pay $171 million to nine U.S. states to settle a case involving bid rigging and price fixing. According to Texas Attorney General Greg Abbott, the American unit of the biggest Swiss...

Reuters - St. Paul Travelers Cos. on Sunday denied reports that it's been in merger discussions with Zurich Financial Services Group , according to a report in the online version of the Wall Street Journal.

Reuters - Fidelity Investments plans to sponsor a financial services store on Amazon.com Inc. , giving customers of the No. 1 online retailer access to the products of the world's biggest mutual fund company, Fidelity said on Friday.

Reuters - St. Paul Travelers Cos. is discussing the possibility of a merger with Zurich Financial Services of Switzerland in what could be one of the largest acquisitions by a U.S. company in Europe, the Wall Street Journal reported on Friday.