- RCS Mediagroup may be split into three after cash call: report Reuters - 4 mins 12 secs ago
MILAN (Reuters) - RCS Mediagroup , the publisher of influential Italian newspaper Corriere della Sera, could be split into three units after a capital hike that is changing … More »RCS Mediagroup may be split into three after cash call: report
MILAN (Reuters) - RCS Mediagroup , the publisher of influential Italian newspaper Corriere della Sera, could be split into three units after a capital hike that is changing the balance of power among its shareholders, La Repubblica reported on Saturday. The split, aimed at extracting value from the debt-laden company, could …
- Deutsche Bank settles L.A. claims on foreclosure blight Reuters - 1 hr 24 mins ago
FRANKFURT (Reuters) - Deutsche Bank said it has settled a lawsuit with the U.S. city of Los Angeles that accused the bank of allowing hundreds of foreclosed properties … More »Deutsche Bank settles L.A. claims on foreclosure blight
FRANKFURT (Reuters) - Deutsche Bank said it has settled a lawsuit with the U.S. city of Los Angeles that accused the bank of allowing hundreds of foreclosed properties to deteriorate into slum conditions and destabilize communities. "The settlement will be paid by the (loan) servicers responsible for the Los Angeles properties …
- Russian tycoon bids for control of Swiss steelmaker Reuters - 3 hrs ago
LUCERNE, Switzerland (Reuters) - Russian tycoon Viktor Vekselberg has launched a bid to control Swiss steelmaker Schmolz+Bickenbach after he failed to win support from … More »Russian tycoon bids for control of Swiss steelmaker
LUCERNE, Switzerland (Reuters) - Russian tycoon Viktor Vekselberg has launched a bid to control Swiss steelmaker Schmolz+Bickenbach after he failed to win support from shareholders to raise more capital and install his preferred candidate on the company's board. On Friday, Vekselberg's investment vehicle, Renova, agreed …
- South Korea extends bidding on $7.3 billion fighter jet project: media Reuters - 5 hrs ago
SEOUL (Reuters) - South Korea has extended bidding on a $7.3 billion (8.3 trillion won) fighter jet project after a second round of bidding ended on Friday with three … More »South Korea extends bidding on $7.3 billion fighter jet project: media
SEOUL (Reuters) - South Korea has extended bidding on a $7.3 billion (8.3 trillion won) fighter jet project after a second round of bidding ended on Friday with three aviation makers offering prices above the estimated cost, South Korea's news agency said. South Korea opened the bidding on June 18 to import the country's …
- China bank regulator says liquidity ample, debt risks manageable Reuters - 9 hrs ago
By Gabriel Wildau and Samuel Shen SHANGHAI (Reuters) - China's chief banking regulator said on Saturday that liquidity in China's banking system is sufficient and pledged … More »China bank regulator says liquidity ample, debt risks manageable
By Gabriel Wildau and Samuel Shen SHANGHAI (Reuters) - China's chief banking regulator said on Saturday that liquidity in China's banking system is sufficient and pledged to control risks from local government debt, real estate and shadow banking. Despite a cash squeeze that sent money-market interest rates soaring over …
- Consumer sentiment ends June to near six-year high Reuters - 21 hrs ago
By Richard Leong NEW YORK (Reuters) - Consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income … More »Consumer sentiment ends June to near six-year high
By Richard Leong NEW YORK (Reuters) - Consumer sentiment improved in late June, ending the month close to a near six-year high set in May, as optimism among higher-income families rose to its strongest level in six years, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final reading on the …
- Fitch affirms U.S. AAA rating but outlook still negative Reuters - 14 hrs ago
By Daniel Bases NEW YORK (Reuters) - Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated … More »Fitch affirms U.S. AAA rating but outlook still negative
By Daniel Bases NEW YORK (Reuters) - Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, saying still-elevated debt levels leave the country vulnerable to shocks without more deficit reduction. The affirmation reflects strong economic and credit fundamentals, …
- US stocks fall in quiet end to a bumpy month Associated Press - 14 hrs ago
NEW YORK (AP) — Given the wild trading of late, it was a calm close to the month. More »US stocks fall in quiet end to a bumpy month
- RIM posts larger-than-expected loss, shares plunge Associated Press - 13 hrs ago
TORONTO (AP) — Shares of BlackBerry maker Research In Motion plunged nearly 30 percent Friday after the company posted a loss and warned of future losses despite releasing … More »RIM posts larger-than-expected loss, shares plunge
- News Corp splits after Friday close Associated Press - 15 hrs ago
NEW YORK (AP) — News Corp. formally split in two after the market closed on Friday, with existing shareholders getting one share in the new publishing entity for every … More »News Corp splits after Friday close
NEW YORK (AP) — News Corp. formally split in two after the market closed on Friday, with existing shareholders getting one share in the new publishing entity for every four shares they hold in the media company.
- Judge: Hobby Lobby won't have to pay fines Associated Press - 10 hrs ago
OKLAHOMA CITY (AP) — Hobby Lobby and a sister company will not be subject to $1.3 million in daily fines beginning Monday for failing to provide access to certain forms … More »Judge: Hobby Lobby won't have to pay fines
- US consumer sentiment stays near 6-year high Associated Press - 20 hrs ago
WASHINGTON (AP) — A measure of U.S. consumer confidence stayed near a six-year high in June as higher home prices boosted household wealth. The survey shows Americans … More »US consumer sentiment stays near 6-year high
- China's entrepreneurs brace for credit crunch Associated Press - Fri, Jun 28, 2013
BEIJING (AP) — Like a boxer slimming down for a fight, Li Zhongjian is shrinking his 20-year-old business manufacturing cigarette lighters to brace for a credit crunch … More »China's entrepreneurs brace for credit crunch
- Sears, Penney sever ties with Paula Deen Associated Press - 13 hrs ago
NEW YORK (AP) — Paula Deen's media and merchandising empire is collapsing. More »Sears, Penney sever ties with Paula Deen
- Shares of restaurant chain Noodles & Co. soar Associated Press - 18 hrs ago
NEW YORK (AP) — Shares of Noodles & Co. are soaring in their first day of trading on the Nasdaq. More »Shares of restaurant chain Noodles & Co. soar
- Ford recalls Explorer, Taurus, MKS to fix locks Associated Press - 19 hrs ago
DETROIT (AP) — Ford is recalling just over 13,000 Explorer, Taurus and Lincoln MKS cars and SUVs because the child safety locks may not work on the rear doors. More »Ford recalls Explorer, Taurus, MKS to fix locks
- Pump prices keep falling; oil drops below $97 Associated Press - 17 hrs ago
NEW YORK (AP) — As the week went along, Americans' commutes got cheaper. More »Pump prices keep falling; oil drops below $97
NEW YORK (AP) — As the week went along, Americans' commutes got cheaper.
- FDA Cracks Down on Illegal Online Pharmacies @ Fox Business (RSS) - Thu, Jun 27, 2013
The FDA cracked down on more than 9,600 websites illegally selling potentially dangerous, unapproved prescriptions to American consumers. More »FDA Cracks Down on Illegal Online Pharmacies
The FDA cracked down on more than 9,600 websites illegally selling potentially dangerous, unapproved prescriptions to American consumers.
- Photos: Frank Lloyd Wright Homes For Sale @ ABC News - Fri, May 17, 2013
Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic … More »Photos: Frank Lloyd Wright Homes For Sale
Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.
- Martha Stewart Case Judge Ruling Favors JCP @ ABC News - Fri, Apr 12, 2013
The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores. … More »Martha Stewart Case Judge Ruling Favors JCP
The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.