A unit of Toshiba Corp is in talks to buy IBM Corp's point-of-sale terminal business, which includes cash registers, a source familiar with the deal said on Tuesday.
Two top Federal Reserve officials pointed on Monday to last month's surprisingly weak jobs report as all the more reason to take a wait-and-see approach to a U.S. economy that, in general, is improving.
The World Bank on Monday chose Korean-born American health expert Jim Yong Kim as its new president, maintaining Washington's grip on the job and leaving developing countries frustrated with the selection process.
The U.S. Securities and Exchange Commission is taking extra steps to bulletproof its rulemaking, after U.S. appeals court judges, Republican lawmakers and government watchdogs have criticized how the agency measures the economic impact of its rules.
Citigroup Inc posted stronger-than-expected first-quarter results as bond trading and underwriting revenue jumped compared with the 2011 fourth quarter.
Three of the biggest U.S. tobacco companies said on Monday they have paid a total of $6.5 billion this year to U.S. states, unchanged from 2011, under a 1998 national accord that obliges companies to help cover the health bills of ailing smokers.
Mexican cement maker Cemex is likely to try and renegotiate a hefty portion of its debt in coming months to avoid a potential clash with creditors in 2014.
Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies.
The Federal Reserve was neither hawkish nor dovish when it set a formal inflation target, and such a move would make sense even if the U.S. central bank had a single mandate, a top Fed official said on Monday.
Stocks rose on Monday on better-than-expected retail sales, but concerns about Spain's rising bond yields kept gains in check and a slide in Apple pushed the Nasdaq lower.
Coty Inc on Monday urged Avon Products Inc shareholders to ask their company to give Coty a look at inside information, which would give the private cosmetics company a chance to then offer its best price.
Spain and Italy faced growing market pressure on Monday, stoking fears of a new phase in the euro zone debt crisis as Madrid's budget problems threatened to drag in other southern European economies.
The Dow rose on Monday, buoyed by big consumer staples stocks as Wall Street turned defensive, while the broader market fell as Spain's rising bond yields fed worries about Europe's debt crisis and offset optimism over a jump in retail sales.
Moody's cut its rating on Nokia to one notch above junk on Monday, prompting the Finnish mobile phone company to defend its cash position and cost-cutting plans.
Private equity firm Carlyle Group LP said it was looking to raise between $701.5 million and $762.5 million in its initial public offering, valuing the company at as much as $7.61 billion, as it presses on with plans to catch up with rivals Blackstone , KKR and Apollo Global Management .
Jury selection in a high-stakes dispute over smartphone technology between Oracle Corp and Google Inc kicked off on Monday morning, starting a trial that could reveal financial details about the Android operating system.
Citigroup Inc's quarterly profit beat Wall Street estimates as the third-largest bank cut expenses and benefited from an improved economy and more active capital markets after a dismal end to 2011.
Jury selection in a high-stakes dispute over smartphone technology between Oracle Corp and Google Inc is set to begin here on Monday morning, kicking off a trial in which both companies' chief executives are set to take the stand.
Better-than-expected retail sales in March were unable to sustain an early rally on Wall Street as stocks struggled to come off their worst two-week period in more than four months, with a march higher in Spanish bond yields continuing to undermine confidence.
Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.
Retail sales showed unexpected vigor in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting economic growth in the first quarter was probably not as weak as many had feared.
Beauty product company Coty Inc, whose $10 billion bid for larger rival Avon Products Inc was rejected earlier this month, reaffirmed its original cash offer of $23.25 per share on Monday.
Wall Street opened higher on Monday as retail sales in March eased concerns about a slowing economic recovery and Citigroup earnings helped lift bank shares.
Wal-Mart Stores Inc Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million in the previous year, as sales growth at the world's largest retailer fell short of its goals.
Wall Street was poised for a higher open on Monday after the worst weekly drop for the S&P 500 this year as retail sales in March and Citigroup earnings topped expectations.
U.S. retail sales rose solidly in March as Americans shrugged off high gasoline prices and bought a range of goods, implying that economic growth in the first quarter was probably not as weak as many had feared.
Citigroup Inc's first-quarter profit beat Wall Street estimates as expenses fell 7 percent from the 2011 fourth quarter.
Retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.
Citigroup Inc reported lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets.
Stock index futures advanced on Monday ahead of retail sales data, indicating the S&P 500 may climb after suffering its worst weekly decline of the year.
