Who was the biggest buyer of U.S. commercial real estate in the past 12 months? It wasn't a big private equity firm or luxury developer. Rather, it was the estate of Lehman Brothers, which is still making deals nearly four years after its demise.
British Standard Chartered Bank, which had been accused by New York state's top banking regulator of engaging in illegal money-laundering on behalf of the Iranian regime in an explosive legal filing last week, id settling charges for a fine of $340 million.
Changing room voyeur faces compulsory treatment at sex clinic after pleading guilty to spying on Chinese women athletes in Leeds sports centre.
Two unpaid interns who last year sued Fox Searchlight over work they say they should have been paid for are looking to expand the case to include all interns who participated in programs run by Fox Entertainment Group.
Walcott’s accomplishments presents some good news for a country desperately in need of some.
Market researcher Gartner Group (NYSE: IT) said global smartphone sales eased 2.3 percent in the second quarter to 419 million units, accounting for a record 36.7 percent of all mobile phone sales.
Saks Inc. (NYSE: SKS) and Michael Kors Holdings Ltd. (NYSE: KORS) are both benefitting from wealthy consumers, offsetting global economic turmoil and an uncertain U.S. economy, the companies said Tuesday.
The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.
Shares of Google (Nasdaq: GOOG), the No. 1 search engine, set a new record high of $672.23 Tuesday, a day after the Mountain View, Calif., announced it would take a $275 million charge for firing 4,000 employees of its new Motorola division.
The home of the late Steve Jobs, Apple's iconic founder and visionary who died last year at the age of 56, was reportedly burglarized on July 17, but police say they now have a suspect in custody. Tom Flattery, deputy district attorney in Santa Clara County, said that 35-year-old Kariem McFarlin of Alameda broke into Jobs' home on Waverly Street in Palo Alto and stole more than $60,000 worth of "computers and personal items."
Taiwan and Japan have an awkward relationship that is compromised and complicated by various intractable issues - namely, Mainland China, which claims Taiwan as its own territory and has compelled most nations of the earth to deny diplomatic recognition of the island.
Groupon Inc. (Nasdaq:GRPN) saw shares in the company drop by nearly a quarter of their total value Tuesday -- to all time-lows -- after the Chicago-based daily-deals business reported revenue figures that badly missed analyst expectations.
The unrest was fueled by high unemployment and a worsening economy
Bankrupt imaging giant Eastman Kodak Co. (Pink: EKDKQ) said it extended the auction for its 1,100 patent portfolio beyond Monday’s deadline because it was talking to rival bidders. Citing “a complex and dynamic process,” the company didn’t disclose more information.
Retail sales in the U.S. rose in July for the first time in four months and topped economists' forecast as demand rose across the board from cars to building materials, suggesting that the biggest driver of the economy is gaining momentum.
Peter Sands is set to negotiate directly with prosecutor Benjamin Lawsky of New York's Department of Financial Services (DFS), in a bid save its state banking license from being revoked.
India's exports and imports declined for the second consecutive month in July due to the global economic slowdown and a fall in the prices of oil.
Banco Santander S.A., Mellanox Technologies Ltd, Agrium Inc, Pizza Inn Inc, Newmont Mining Corp, Citigroup Inc, Caterpillar Inc and Groupon Inc are among the companies whose shares are moving in pre-market trading Tuesday.
As Brazil prepares to host two of the world's largest public spectacles, the Olympics and the World Cup, thousands of people living in poor urban areas are facing forced evictions or have already been displaced by development projects.
Amid constant political caterwauling about the demise of American manufacturing, Japanese automakers like Toyota Motor Corporation (NYSE: TM), Honda Motor Co. (NYSE: HMC) and Nissan Motor Co. (Tokyo: 7201) are gradually bringing manufacturing jobs to North America by building new factories and adding extra shifts to meet resurgent demand in the U.S. automotive market.
At a time when big banks are constantly raising fees or imposing new ones to help them recover lost revenue from new regulations, not-for-profit credit unions are booming.
Shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, have recovered lost ground and are trading not much below their record high of $644 set on April 10. Despite a setback when third-quarter earnings fell shy of estimates last month, they could set another record again this week.
India's wholesale price index (WPI) declined to 6.87 percent in July, contrary to analysts' expectations, triggering hopes for further rate cuts by the Reserve Bank of India.
Saudi Arabia's purported women-only cities though appear as a welcome move to boost employment among fairer sex, actually spark off an intense debate on disparity and segregation.
U.S. stock index futures point to a higher open Tuesday amid hopes that central banks around the world will announce stimulus measures to boost the economy and regain the growth momentum.
Most of the European markets rose Tuesday as investors were hopeful that the ECB will soon announce stimulus measures as the GDP data from Germany and France indicate that the euro zone economy continues to falter.
As India gets ready to celebrate its 66th Independence Day August 15, it appears to be no time to rejoice with its economy faltering as a result of the global economic slowdown and weak governance.
The top after-market Nasdaq gainers Monday were Array BioPharma Inc, Momenta Pharmaceuticals Inc, Aixtron SE, HMS Holdings Corp and Monster Beverage Corporation. The top after-market Nasdaq losers were Envivio, Groupon Inc, Coinstar Inc, Myrexis Inc and Boingo Wireless.
Inflation probably crept up in July as poor monsoon rains drove food prices higher, a Reuters polls showed on Wednesday, giving the RBI less room to cut interest rates to revive a flagging economy.
The Pirate Bay could be facing harsh regulations from advertisers after its arch-enemies, the Motion Picture Association of America and the Recording Industry Association of America, submitted suggestions for new online piracy policies to Victoria Espinel, intellectual property enforcement coordinator.
