While exports to the United States might rebound this year, in the long run the decline in western demand and the growing importance of China represent a fundamental shift for the oil market.
Dominique Strauss-Kahn’s proposed European Resolution Authority would be supported by funds from governments and the private sector to deal with failures of large banks.
The Senate Banking Committee, which is set to begin consideration of a bill that would overhaul financial regulations, received 359 amendments by the Friday deadline.
Wealthy benefactors are becoming more attuned to the particulars of setting up prizes, sometimes worth millions, to achieve their goals or draw attention to causes.
Navigenics is aiming its DNA testing as a health-related service; 23andMe considers it informational. In a business sense, those are major differences.
The offer by Carl Icahn, who owns about 18.9 percent of the film company, comes after Lions Gate’s rejection of his previous proposal for a 29.9 percent stake.
Shares of Palm Inc. fell the most in more than two years in Nasdaq trading after it forecast sales this quarter that were less than half of analysts’ estimates.
The Lloyds Banking Group said that it expected to report a profit this year as trading had so far been strong and provisions for bad assets were not as large as previously forecast.
An appeals court affirmed a decision that the Federal Reserve Board must release reports identifying financial firms that received $1 trillion in emergency loans.
The spending habits of Representative Gregory W. Meeks have drawn the scrutiny of ethics watchdogs and regulators, who question his use of campaign money.