The biggest changes to home loan disclosures since the 1970s are around the corner and many in the industry are warning that misunderstandings will create a logjam of confusion just as housing tries to recover.
U.S. lawmakers face an uphill battle enacting a climate bill in 2010 that includes a cap-and-trade market in greenhouse gases, after this month's U.N. meeting in Copenhagen failed to hammer out a global pact on emissions cuts.
Healthcare and technology companies are among the top stock picks of Perritt MicroCap Opportunities Fund PRCGX.O as these sectors host various companies focused on niche businesses with tremendous growth potential.
Take-Two Interactive Software Inc (TTWO.O) will sell its Jack of All Games distribution business to Synnex Corp (SNX.N) for $43.3 million, and slashed its forecasts for fiscal 2010 as a result.
Dubai World disappointed creditors on Monday by making little progress on securing standstill on $22 billion of debt, as a key creditor meeting turned out to be a tame affair with less than half the expected attendees showing up.
Chris Liddell has been hired by General Motors to serve as its vice chairman and chief financial officer.
Mediaset unit Telecinco's earnings per share will not fall with its 1.05 billion euro ($1.51 billion) deal to acquire Prisa's free-to-air channel and a stake in its Digital+ pay TV channel, the broadcaster said on Monday.
Citigroup (C.N) said it was not seeking buyers for EMI LNDONE.UL, the British music group whose owners, Terra Firma TERA.UL, are suing the U.S. bank for billions of dollars in damages relating to its 2007 buyout.
What's Christmas without a little indulgence and a lot of guilt, with a global survey showing two in three people occasionally treat themselves to a luxury purchase, but a third then feel bad about it.
H.J. Heinz Co sees a long-lasting consumer shift to thrift and must carefully balance its business strategy in response, the ketchup maker's chief executive said on Monday.
Limelight Networks Inc (LLNW.O), which helps speed delivery of Web content, agreed to acquire privately held interactive digital advertising provider EyeWonder Inc for up to $110 million in cash and stock.
Rupert Murdoch's News Corp will spend up to 120 million euros ($172 million) to raise its stake in Sky Deutschland for the second time in a year, sending shares in the ailing German broadcaster soaring.
The Swedish government and Saab officials held crisis talks about a threatened closure of the iconic auto brand as a Monday evening deadline loomed on a renewed buyout bid from Dutch and Russian-backed Spyker Cars.
Serious delinquencies among U.S. prime mortgages rose nearly 20 percent in the third quarter from the prior quarter, as the percentage of current and performing mortgages fell for the sixth consecutive quarter, banking regulators said on Monday.
General Motors said on Sunday it would evaluate several new expressions of interest for its Swedish unit Saab, including a fast-track bid from thwarted Dutch suitor Spyker Cars .
Japan's Canon said on Monday the antitrust procedure in the United States had been completed for its intended acquisition of Dutch maker of photocopier and printing systems Oce NV.
BHP Billiton (BHP.AX) may quit the nickel business as early as next year after selling two major nickel divisions in four months, though it still produces more than a tenth of the world's nickel in Australia and Colombia.
SUEK, Russia's largest steam coal producer, is considering an initial public offering of its shares next year in London, three banking industry sources told Reuters on Monday.
SUEK, Russia's largest steam coal producer, is considering an initial public offering (IPO) of shares next year in London, three banking industry sources told Reuters on Monday.
Iberian spot power prices hovered near year-lows on Monday as a rise in supplies of cheap wind power offset the impact of a cold snap, dealers said.
SUEK, Russia's largest steam coal producer, is considering a stock market flotation next year in London, three banking industry sources told Reuters on Monday.
State-run Saudi Electricity Company (SEC) (5110.SE) said on Monday it has received bids from five consortiums to build, own and operate a 2,000 megawatt power plant in Riyadh.
ManTech International Corp (MANT.O) said it agreed to buy privately held Sensor Technologies Inc for $242 million in cash to expand its presence in the high-end defense and intelligence market.
Athersys Inc (ATHX.O) said it sold the rights of its stem-cell therapy to treat inflammatory bowel disease to Pfizer Inc (PFE.N), the world's biggest drugmaker, and shares of Athersys more than tripled in early morning trade.
ManTech International Corp (MANT.O) said it agreed to buy privately held Sensor Technologies Inc for $242 million in cash to expand its presence in the high-end defense and intelligence market.
Egyptian mobile operator Mobinil (EMOB.CA) has appointed an independent financial advisor to evaluate France Telecom's (FTE.PA) offer to buy it, the company said on Sunday.
With California teetering perpetually on the edge of financial ruin, marijuana activists have seized the moment, claiming that legalizing and taxing pot could help bail out the cash-strapped Golden State.
A majority of U.S. shoppers say they are shopping the same amount or less online this holiday season, despite web promotions and a weekend storm that struck the East Coast, according to a survey released on Monday.
Following is the view from Reuters Asia editors on the news that is likely to matter most this week:
NextMedia Group Inc filed for bankruptcy protection under a pre-arranged plan that will hand over control of the U.S. radio station operator and outdoor advertising company to certain creditors, court papers showed.
