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Mon, 15 Mar 2010 07:19:59 EDT
The travails of two Michigan companies illustrate the tough choices their community bank must make.
Mon, 15 Mar 2010 07:34:15 EDT
Phillips-Van Heusen agreed to buy Tommy Hilfiger from Apax Partners for about $3 billion.
Mon, 15 Mar 2010 07:28:47 EDT
The Wells Fargo unit is in talks with the Justice Department to settle U.S. allegations that a failure in bank controls enabled Mexican exchange houses to launder drug money.
Sun, 14 Mar 2010 22:02:20 EDT
The battle over rewriting the rules of Wall Street resumes Monday as Sen. Christopher Dodd plans to introduce legislation that is tougher on financial companies than was expected a few weeks ago.
Mon, 15 Mar 2010 00:01:42 EDT
AIG plans to hold back $21 million in bonus payments to former employees, a move that could set the stage for more battles over employment agreements.
Mon, 15 Mar 2010 07:33:11 EDT
Fashion retail chain French Connection plans to further slim down its operations by selling the Nicole Farhi brand and closing down many U.S. stores.
Mon, 15 Mar 2010 06:58:57 EDT
The battle over U.S. sugar quotas is flaring once more as the gap between domestic and much-lower global prices reaches its widest level in at least a decade.
Sun, 14 Mar 2010 22:42:16 EDT
An investigation of the Toyota Prius involved in a dramatic incident on a California highway last week is raising questions about the driver's version of the event.
Sun, 14 Mar 2010 23:30:55 EDT
Digital-marketing companies are moving to blend information about consumers' Web-surfing behavior with personal data available offline to make it easier for online advertisers to reach their target audiences.
Sun, 14 Mar 2010 23:21:43 EDT
The emirate's secretive Investment Authority, in its first annual review, reported an annualized return of 6.5% a year over the last 20 years.
Mon, 15 Mar 2010 06:17:36 EDT
U.K. luxury brand Liberty said it has sealed a $63.01 million sale and lease-back deal on its flagship central London department store to clear its debt.
Mon, 15 Mar 2010 06:23:41 EDT
The U.S. Web giant appears increasingly likely to shutter its Chinese-language search engine, a step that would remove one of the last major foreign players from the world's largest Internet market.
Sun, 14 Mar 2010 22:31:05 EDT
The riskier end of the U.S. stock market is back in favor. That includes small stocks, stocks badly hurt by the financial crisis and those most dependent on global economic growth.
Mon, 15 Mar 2010 07:04:03 EDT
UBS's top management said it was confident of turning around its business to achieve its medium-term profit target as the Swiss bank's business revamp was boosted by a solid start to 2010.
Mon, 15 Mar 2010 06:58:41 EDT
Chief executive delivers his first policy address Tuesday and will probably discuss the government's aim of pacing gambling industry growth and developing revenue off the casino floors.
Sun, 14 Mar 2010 17:38:03 EDT
Chinese computer maker Lenovo is looking for acquisition opportunities in China's mobile Internet sector, the global consumer computer market and developing regions.
Sun, 14 Mar 2010 09:24:26 EDT
An investigation of the Toyota Prius that was involved in a dramatic incident on a California highway last week found a particular pattern of wear on the car's brakes that raises questions about the driver's version of the event.
Mon, 15 Mar 2010 03:31:07 EDT
Sales of a new motorcycle designed and engineered by Austria's KTM Power Sports and to be built by India's Bajaj Auto could be almost four times greater than those of KTM's entire current model range, underscoring the importance of emerging markets to its future.
Sun, 14 Mar 2010 22:38:31 EDT
China's Cnooc said it is paying $3.1 billion for a 50% stake in a unit of Argentina's Bridas Energy to form a joint venture in move to boost its production and reserves.
Mon, 15 Mar 2010 07:37:38 EDT
Chinese battery and car maker BYD plans to boost capital spending by 59% in 2010 to expand its automobile production amid robust domestic demand.
Sun, 14 Mar 2010 23:23:57 EDT
Bank of America plans to seek approval from China to expand its operations in the fast-growing country and is discussing the need to incorporate locally. The Charlotte. N.C. bank lags many rivals there.
Sun, 14 Mar 2010 21:42:26 EDT
The central issue dividing the airline industry and Congressional leaders: a proposal headed for a Senate vote as early as this week that calls for airlines to spend their own money to equip planes with upgraded navigation systems.
Mon, 15 Mar 2010 05:08:32 EDT
Saudi Arabia revoked the securities-business license of Ernst & Young because of "several violations" of the kingdom's capital market law and implementing regulations.
Sun, 14 Mar 2010 20:02:23 EDT
China's product-quality agency said it is looking into complaints from Chinese consumers about Hewlett-Packard's handling of flaws in some of its personal computers.
Mon, 15 Mar 2010 05:11:33 EDT
Japanese car and power companies will work together to bring their electric vehicle-charging technology to overseas markets, a new industry association announced.
Sun, 14 Mar 2010 19:27:53 EDT
Roche's recent drug-trial failures are raising pressure on the Swiss company as it seeks to become a powerhouse after its takeover of biotech firm Genentech.
Mon, 15 Mar 2010 06:18:36 EDT
As OPEC prepares to meet for the first time in three months, a debate is brewing within the 12-nation oil cartel over what its post-recession production might look like.
Sun, 14 Mar 2010 23:24:56 EDT
In the wake of Coca-Cola and PepsiCo's acquisitions of their biggest bottlers, some smaller bottlers are concerned about having to match price promotions.
Sun, 14 Mar 2010 15:48:54 EDT
A study found that Novartis's blockbuster blood-pressure drug Diovan modestly lowered the incidence of diabetes in certain patients, but another Novartis drug failed to do so, and neither drug reduced the risk of heart attacks in these patients.
Sun, 14 Mar 2010 08:07:05 EDT
Abbott's cholesterol drug TriCor failed to significantly reduce the risk of heart attacks and strokes among diabetics in a large government-sponsored study, reinforcing doubts about the drug's usefulness despite its popularity.
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