U.S. employers hiring workers, retailers lead: survey
U.S. employers are slowly hiring workers, despite the worst labor market in 26 years, according to a survey on Monday that suggested companies are becoming more confident in the economy's prospects. Read Full Article here.
BofA agrees to give more details on Merrill
Bank of America Corp agreed to give federal authorities more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, U.S. regulators said on Tuesday. Read Full Article here.
Airline flies first passenger flight on natural gas
The world's first commercial passenger flight powered by a fuel made from natural gas completed late on Monday a six-hour journey from London to Qatar, one of the biggest producers of natural gas. Read Full Article here.
J&J profit beats estimates, but sales fall short
Johnson & Johnson posted weaker-than-expected quarterly revenue on Tuesday as sales of prescription drugs and cardiac stents disappointed, sending its shares down more than 2 percent. Read Full Article here.
REIT eying high end hotels files for $402.5 mln IPO
Pebblebrook Hotel Trust, a real estate investment trust, plans to raise up to $402.5 million in an initial public offering to buy high end hotels in major U.S. cities, according to a regulatory filing. Read Full Article here.
GM CEO says possible to sign Opel deal this week
General Motors Co may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its CEO said on Tuesday, as the firm sheds unwanted brands. Read Full Article here.
AIG to sell Taiwan insurance unit for $2.15 billion
American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. Read Full Article here.