Toshiba Forecasts $4B Loss For Current Fiscal Year, Plans To Cut A Third Of Its Headcount
The Japanese electronics maker said Monday that it expects to record a $4.5 billion loss for the current fiscal year and plans to cut headcount by a third.
Nomura To Buy $1B Stake In US Money Manager American Century Investments: Report
The deal, if confirmed, would not only be the largest for the Japanese brokerage since the 2008 financial crisis, but also mark its entry into the U.S. investment trust market, the Nikkei Asian Review reported.
Westfield Corporation Sells 5 US Malls For $1.1B, To Focus On Flagship Assets
Westfield Corporation reportedly manages over $25 billion of assets and has 44 shopping malls in the U.S., Britain and Europe.
China's 'Historic' Free Trade Accords With Australia And South Korea Seen As Providing Economic Boost
Chinese consumers of wine, meat and smartphones are expected to benefit, but some in Australia are worried of the trade deal's impact on the country's labor sector.
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Crude Oil Prices Hit 11-Year Low As US Ramps Up Production
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Martin Shkreli Arrest: Ex-Turing Pharmaceuticals CEO Remains Defiant, Rejects 'Baseless' And 'Unacceptable' Charges
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Australian Casino Tycoon Packer Leaves Company Board Fueling Buyout Speculation
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Asian Stocks Fall After US Shares, Oil Decline; Global Slowdown Concern Persists
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Amid A Successful Holiday Season For Retailers, Shoppers Look For Last-Minute Deals On Super Saturday
Consumers have come to expect last-minute deals and took advantage of them this weekend.
EU And US Financial Regulators Appear To Soften Stances On Long-Standing Dispute
American and European regulators have long wrestled over how to oversee the derivatives market, but the bout could soon be over.
China's Renminbi Is Plunging At A Historic Rate, Raising Fears For Chinese Economy
The continuing depreciation of the Chinese renminbi boosts the business of exporters, but fuels market concerns over the strength of the country's economy.
Why Volkswagen Picked Ken Feinberg To Run Its Fund For Emissions Cheating Claims
Ken Feinberg has handled cases related to 9/11 and the BP oil spill. Now he'll seek to work out settlements with angry U.S. owners of Volkswagen diesel cars.
China’s Copper Cartel Braces For Further Production Cuts
Copper producers in China have come under pressure from the central government to tackle oversupply issues facing the metals industry.
Judge Blocks Brazilian Assets Of Vale, BHP After Dam Burst
Despite the epic scale of the disaster caused by the bursting dam in the state of Minas Gerais, Vale had argued the joint-venture company Samarco was wholly responsible for it.
WTO Backs Agricultural Reforms, Split On Doha
The WTO has been attempting to agree on a worldwide package of reforms since those at a meeting in Doha hatched an ambitious plan for knocking down trade barriers in 2001.
California Extends Deadline For Reviewing VW Diesel Emissions Fix
A state panel will now decide Jan. 14 whether to accept or reject a repair plan for 482,000 diesel Jetta, Beetle, Passat and Golf vehicles.
Shkreli Starts Live Stream A Day After Leaving Jail
"I can't really talk about business or anything," said the former CEO of Turing Pharmaceuticals, who was arrested Thursday on fraud charges.
Why The Uber, Lyft Driver Union Push Could Disrupt The Gig Economy
California may follow Seattle's unprecedented move to extend collective-bargaining rights to independent contractors such as Lyft and Uber drivers.
Dow Jones Industrial Average Plunges 367 Amid Oil Rout As Stocks Close A Tumultuous Week
The Dow Jones Industrial Average fell 367 points Friday, capping a week marked by continued declines in oil after the Fed's historic rate hike.
FDA Proposes Ban On Tanning For Anyone Under 18
The agency says children who tan are at a far greater risk for developing melanoma later in life. Dermatologists hailed the proposal.
Congress Kills US Oil Export Ban, Boosts Solar, Wind Power
Move comes as part of a $1.1 trillion government spending bill.
JPMorgan Settles For $307 Million Over Failure To Disclose Conflicts Of Interest
Regulators say the bank steered its wealth management clients to in-house products without disclosing conflicts of interest.
Pharma CEO Martin Shkreli Set To Be Replaced As CEO Of Turing Pharmaceuticals: Report
The controversial CEO, known for raising the price of a drug by 5,000 percent, has resigned, the pharmaceutical company said. Ron Tilles will step in as interim CEO.
BlackBerry Corp. Soars After Earnings Defy Analysts' Expectations
The Ontario-based technology company aims to rely increasingly on software revenue rather than sales of handset devices.
Petrobras Probe: Brazilian Prosecutors Charge 12 With Bribery Scheme
Arrest warrants in the bribery scheme at the oil company are part of an investigation known as Operation Black Blood.
Marijuana Employees Ask To Be Treated With The Same Respect As Their Merchandise
Legal marijuana is thoroughly protected and regulated in Colorado. So why aren’t employees being given the same respect?
GlaxoSmithKline To Buy Bristol-Myers Squibb's HIV Assets For $1.46B
The deals, which include an upfront payment of $350 million, will help the British drugmaker compete with its American rival Gilead Sciences.
Forbes List 2015: Israel Best Country For Business In Middle East
According to the Forbes list, Israel is the best country for business in the Middle East.
US Congress Set To Approve Long-Delayed IMF Reforms Aimed At Increasing Voting Share Of Developing Nations
The reforms, which the Congress is likely to ratify Friday, aim to give emerging economies a greater clout in the International Monetary Fund's policies.
Bank Of Japan Keeps Monetary Policy Unchanged But Announces Surprise Measures To Boost Growth
The central bank kept its monetary policy and stimulus target unchanged, but took other steps to instill confidence in the country's economy.
After Blacklisted By Ukraine, Pro-Kremlin Russian Filmmaker Fails To Make It To Oscar Shortlist
Pro-Kremlin Russian filmmaker Nikita Mikhalkov’s film "Solnechny Udar" ("Sunstroke") was nationally premiered in Crimea in October.
Most Asian Stocks Fall As Investors Shift Focus From Fed To Oil, Global Growth
Taiwan unexpectedly cut interest rates, citing slowing global growth.
Shell Calls For Tougher Regulation Of Dubai Oil Benchmark
Shell argued that Asian crude oil is not subject to oversight as rigorous as benchmarks in other regions.
Climate Change: Companies Urged To Disclose More Risks After Landmark Paris Deal
U.S. and global businesses face growing financial risks from carbon policies and the effects of climate change. But few disclose threats to investors, experts say.
JPMorgan Expected To Pay Financial Regulators $200 Million Over Client Steering Allegations
The financial firm is expected to settle over allegations that it steered clients to in-house products without making proper disclosures, Reuters reported.
Volkswagen Taps Compensation Guru Ken Feinberg For New Diesel Emissions Claims Program
In the wake of its emissions scandal, Volkswagen hires Ken Feinberg, who ran compensation funds related to the 9/11 attacks, BP oil spill and GM's ignition-switch crashes.
Argentina’s Peso Plunges As New Government Floats The Currency
The sharpest one-day devaluation in decades means average consumers risk seeing their purchasing power fall.
Introducing MyRA: A New Solution To America's Retirement Crisis
The Obama administration launched a new retirement account designed to eliminate barriers people face when saving for their future. Will it be enough?
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