An elite club of bankers traditionally close to London's mining companies stand to earn their firms a share of a $140 million fee pot if the proposed merger between Glencore and Xstrata succeeds.
Stocks seesawed in a tight range on Thursday as earnings reports drove individual shares, while a drop in jobless claims pointed to a slowly healing labor market before Friday's employment report.
Shareholder group Ethos called for Novartis investors to vote against re-electing board members who were among those deciding on the pay awarded to the Swiss drugmaker's chairman, Daniel Vasella.
Competition watchdogs are stifling those companies still braving economic uncertainty to attempt mergers and acquisitions, say bankers and lawyers who claim the burden of bureaucracy has intensified with the financial crisis.
Facebook filed for its initial public offering (IPO) on Wednesday, a monumental step in the short history of the company that has helped change the face of the Internet in just eight years. With 845 million users, Facebook is a global phenomenon. But which countries use it most?
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
New claims for unemployment benefits in the United States fell more than expected last week, pointing to further healing in the nation's battered jobs market.
Spain and France gained respite at bond auctions on Thursday highlighting a rally in euro zone government debt markets since the European Central Bank flooded banks with cheap money in December.
Dow Chemical Co's quarterly profit and revenue missed Wall Street's expectations as demand for electronics, plastics and coatings plunged, causing the company to slash production and aggressively discount some products.
Depending on who you ask, Facebook is either the best company to go public since Google or the hallmark of another tech bubble.
Europe's financial crisis still threatens the U.S. recovery, and the Federal Reserve will do everything it can to protect against damage to the economy, Fed Chairman Ben Bernanke said on Thursday.
U.S. food companies Kellogg Co and Sara Lee Corp reported better-than-expected quarterly results on Thursday and stood by their 2012 outlooks even as both companies go through significant changes.
Dow Chemical Co's quarterly profit and revenue missed Wall Street's expectations as demand for electronics, plastics and coatings plunged, causing the company to slash production and aggressively discount some products.
Euro zone finance ministers aim to agree a second financing package for Greece on Monday, a decision they hope will boost market confidence in euro zone public finances and help contain the two-year-old sovereign debt crisis.
So, Barack Obama visited the Washington Auto Show the other day. Sure, he was probably invited, but it's also part of a larger strategy for his reelection campaign this fall.
Stocks edged higher on Thursday after weekly jobless claims fell in the latest week, but gains were limited as investors were reluctant to make big bets ahead of Friday's payrolls report and a recent rally.
Dow Chemical Co's quarterly profit and revenue missed Wall Street's expectations as demand for electronics, plastics and coatings plunged, causing the company to cut production and aggressively conserve cash.
Facebook on Wednesday filed to raise $5 billion in an initial public offering. Here are a few highlights of its meteoric rise, several of which were chronicled in David Fincher's seminal Oscar-winning 2010 movie, The Social Network:
CME Group , the biggest U.S. futures exchange operator, on Thursday said fourth-quarter profits rose sharply because of tax benefits and said it would institute a special annual dividend on top of its regular quarterly payout, which it also increased.
Merck & Co on Thursday reported weaker-than-expected quarterly sales and predicted relatively flat 2012 results as the No. 2 drugmaker girds for cheaper generic forms of its biggest product, asthma drug Singulair.
Stock index futures pointed to slight gains at the open on Thursday after jobless claims fell more than expected, boosting optimism about the upcoming January payrolls report.
Youku.com, China's largest online video company, filed a lawsuit against its No.1 rival, Tudou Holdings Ltd, saying it incurred losses because of claims by Tudou that Youku had misused copyrighted material, the government-run Xinhua news agency reported on Thursday.
JC Penney made its first big splash in what will be a three-year effort to rebrand the 110-year-old department store chain. But makeovers can pay a hefty toll in the business world, and the past is strewn with good ideas gone sour. A change in direction does not always lead to success. Fortunately, some companies have the wherewithal to drop a bad idea soon enough to survive. Here are some corporate excursions gone horribly wrong.
Stock index futures were little changed on Thursday as investors looked ahead to weekly jobless claims data, one last clue about the state of the labor market before Friday's key jobs report.
Investors are needlessly exposing themselves to huge potential losses by defying two golden rules for making money through bonds - lend more to those who will pay on time in full and less to those already saturated in debt.
The number of planned layoffs at U.S. firms surged in January to its highest level in four months as retailers and financial firms cut jobs, a report on Thursday showed.
The Tokyo Stock Exchange suffered a major glitch in cash-share trading for the first time in six years on Thursday that prevented morning trade in some 240 shares and instruments, including Sony Corp , and provoked anger among traders.
Greece's prime minister faces the daunting task of rallying reluctant political leaders behind unpopular wage and pension cuts demanded by lenders as the price for bailout money that is essential to avert a chaotic default.
China is considering providing greater involvement in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday.
Josef Ackermann's reign at Deutsche Bank ended in a surprise quarterly loss on Thursday, with the bank hit by a downturn in bond trading due to the euro zone crisis and writedowns on holdings in drug and gambling companies.
