Pay czar fingerprints on Citi move to sell Phibro
The U.S. government's pay czar played a critical role in Citigroup's decision to sell off its lucrative commodities trading business, Phibro, a source familiar with the matter said Friday. Read Full Article here.
GM signs deal to sell Hummer
General Motors Co on Friday signed an agreement to sell its Hummer SUV brand to China's Sichuan Tengzhong Heavy Industrial Machinery in a deal that marks the first time a Chinese buyer has acquired a distressed asset from the American auto industry. Read Full Article here.
U.S. trade gaps narrows unexpectedly
The U.S. trade gap narrowed unexpectedly in August as oil imports plunged and exports grew for the fourth consecutive month, a U.S. Commerce Department report showed on Friday. Read Full Article here.
Ford, UAW nearing agreement on contract changes
Ford Motor Co is nearing a deal with the United Auto Workers to bring its labor contract in line with concessions granted to GM and Chrysler, according to a person briefed on the talks. Read Full Article here.
Wynn Macau debut cashes in on Asia gaming fever
Wynn Macau's <1128.HK> strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer U.S. casino rival Las Vegas Sands , which plans a listing later this year. Read Full Article here.
Book trade seeks new models and a deal with Google
The world's book trade will meet in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared. Read Full Article here.
High hopes and big risks in tech earnings
The biggest risk for investors in technology, with stock prices up a whopping 55 percent this year, is they might be just a little too happy. Read Full Article here.