Obama pick for SEC chief promises aggressive action to revitalize agency's enforcement effortsPresident elect-Barack Obama's choice to head the Securities and Exchange Commission promised Thursday to revitalize the embattled agency's enforcement efforts and bring other changes to bolster investor protection. With investors' confidence shaken in the financial ...

India's TCS says quarterly profits rise 1.63 percent to $275.6 millionSoftware services provider Tata Consultancy Services Ltd. said Thursday that net profits in the last quarter rose 1.63 percent over the same period last year, to 13.52 billion rupees ($275.6 million). Revenues for the ...

Luxembourg court orders UBS to pay French broker euro30 mln in dispute over Madoff-linked fundA Luxembourg court has ordered Swiss bank UBS AG to pay French financial company Oddo & Cie euro30 million ($40 million) it had invested in a fund linked to the alleged fraud perpetrated by U.S ...