Fortress Investment Group LLC has hired David Dredge as co-chief investment officer at its convexity strategies group, two sources familiar with the matter said.
News Corp's (NWSA.O) third-largest investor has urged Rupert Murdoch to sell all his newspapers and double the size of a share buy-back plan, the Sunday Telegraph reported.
Diversified, industrial giant General Electric (GE) continues to show impressive order growth in emerging markets -- and that bodes well for the global economy in 2012 and for GE's stock.
UBS may cut its return on equity target by 5 percentage points to a range between 10 and 15 percent at an investor day next month when the Swiss bank is expected to announce the shrinking of its investment bank.
The Tokyo Electric Power Co. is likely to sell a 20 percent stake in wind power developer Eurus Energy Holdings to trading firm Toyota Tsusho to help raise funds to compensate victims of Japan's nuclear crisis, a newspaper reported Sunday.
Google Inc has spoken to at least two private equity firms about possibly helping them finance a deal to buy Yahoo Inc's core business, The Wall Street Journal reported on Saturday, citing a person familiar with the matter.
Williston, N.D., is booming. And it's all because of the oil. People are moving there in en masse. It is probably the one place in the nation where there are not enough empty homes to meet the new residents' demands. North Dakota has the lowest unemployment rate of the 50 states at 3.5 percent, and it can tout the fact that workers' salaries have doubled and tripled recently.
So the Groupon IPO is apparently going to finally happen -- and likely within the next couple of weeks. The once-high-flying daily deal Web social company is getting there with a bit of a limp.
Here are five of the many revelations made by the media.
European aircraft manufacturer Airbus recently delivered the first of five A380s ordered by China Southern Airlines. The airline became the first in China and the seventh in the world to take delivery of the model.
Regulators closed four banks in the United States on Friday, including one in Colorado with over $1 billion in assets, bringing the total number of closures this year to 84.
McDonald’s, the world’s largest fast-food restaurant and a bellwether of the consumer economy in the United States, has been increasing prices on many of its offerings for months. If you haven't noticed, you're hardly alone.
Wal-Mart Stores Inc will no longer offer health insurance to new part-time U.S. employees who work fewer than 24 hours a week and will charge workers who use tobacco more for coverage as healthcare costs rise, the company said on Friday.
China on Friday issued a harsh rebuke of an anti-dumping complaint filed by U.S. solar firms, warning the United States not to take protectionist measures that could harm the global economy.
Chemical maker LyondellBasell's plan to buy back nearly $2.8 billion in debt and pay a special dividend nearly the same size is a bullish bet that demand for commodity chemicals will recover from a recent soft patch and rally the rest of the decade.
Railroad company Kansas City Southern said quarterly profit doubled, beating forecasts, with carloadings and revenue at record highs, and said the U.S. and Mexican economies would grow moderately through 2012.
News Corp. Chief Executive Rupert Murdoch showed defiance in the face of angry shareholders at its annual meeting on Friday as they slammed the media company for poor corporate governance and said he should give up the chairman role.
Air Products and Chemicals Inc forecast a fiscal first quarter profit below Wall Street's expectations, sending the industrial gas supplier's shares down as much as 5.1 percent.
U.S. regulators on Friday approved BP's new exploration plan, moving the company closer to drilling new wells in the lucrative deep waters of the Gulf of Mexico a year and a half after the biggest offshore oil disaster in U.S. history.
The end of a drilling ban in New York was meant to be a new dawn for energy companies. After years of waiting, they would finally be able to exploit the richest deposit of natural gas in the country. But as companies delve into new regulations for drilling in New York, they're discovering a bitter reality: half the land they had leased for drilling may now be out of bounds.
Libya's National Oil Corporation has summoned Russia's Gazprom to a meeting in Tripoli to discuss what the Libyans said was a breach of investment obligations -- the first sign the new leaders are prepared to renegotiate Gaddafi-era contracts.
A.O. Smith Corp reported quarterly adjusted earnings that missed Wall Street estimates, hurt by lower sales of residential and commercial water heaters in the United States, but the company raised its full-year earnings view.
For the small club of companies who trade the food, fuels and metals that keep the world running, the last decade has been sensational. Driven by the rise of Brazil, China, India and other fast-growing economies, the global commodities boom has turbocharged profits at the world's biggest trading houses.
Noble Energy reported a quarterly profit that topped Wall Street expectations, helped by higher-than-expected production and prices.
Carl Icahn wants Navistar to consider merging with rival Oshkosh, though he has not yet made a formal proposal to either company.
Saab moved closer to collapse on Friday after a planned rescue by Chinese investors was thrown into doubt and a court-appointed administrator moved to lift the Swedish carmaker's protection from bankruptcy claims.
EU antitrust regulators are investigating agreements between Johnson & Johnson and Novartis over concerns they may have delayed the entry of a generic version of a powerful painkiller on to the Dutch market.
Investors in the world's biggest oil companies are expected to look beyond the bumper profits the groups will announce next week on the back of higher oil prices, and seek clues on how the companies can maintain income growth as crude stabilizes.
Wedbush Securities anticipates more complete data of Oncothyreon Inc.'s (NASDAQ: ONTY) PX-866 in combination with docetaxel dosing at American Association for Cancer Research (AACR) on Nov. 12.
Verizon Communications Inc wireless subscriber growth was slower than expected in the quarter before the latest Apple Inc iPhone launch but it was still well ahead of its biggest rival.
