Talbots Inc posted a much narrower-than-expected loss on Tuesday, a day after the women's apparel retailer decided to sell its J.Jill division to Golden Gate, and said it would cut corporate headcount across all locations by about 20 percent.
The 10-year Treasury, the benchmark rate which mortgage rates are priced off, have risen significantly over the past month - from under 3 percent and now closely approaching 4 percent. Mortgage rates will follow similar patterns and could soon top 5.5 percent on a conforming 30-year fixed rate on average.
VisaNet, the Brazilian unit of credit card network Visa Inc, said on Tuesday its initial public offering may reach 7.2 billion reais ($3.66 billion), the biggest stock sale in the country in almost a year.
UK-based oil explorer Heritage Oil agreed to merge with Genel Energy International, a unit of Turkey's Cukurova Group CUKRO.UL, to create an oil producer focused on Iraqi Kurdistan worth around $5.5 billion.
Saudi mobile telephone firm Etihad Etisalat 7020.SE said on Tuesday it had awarded Samsung Electronics (005930.KS) a $100 million deal to expand the WiMax network of its subsidiary Bayanat al-Oula.
British drug delivery expert SkyePharma said on Tuesday it was likely U.S. authorities would need more data on its flagship product, Flutiform, thereby delaying its approval.
Porsche SE is in exclusive talks to sell a stake to the Gulf state of Qatar, in a deal that could cut the German automotive holding's debt and strengthen its position for a merger with Volkswagen.
The U.S. National Hurricane Center said Monday that cloudiness, showers and thunderstorms over the southwestern Caribbean Sea were associated with a surface trough, but there was less than a 30 percent chance the system would develop into a tropical cyclone over the next 48 hours.
German retail group Arcandor AG threw in the towel on Tuesday, filing for insolvency after the Berlin government rejected its request for emergency state aid.
GE Aviation, a unit of General Electric Co and the world's largest maker of jet engines, expects orders this year to halve as airlines slow plane buying amid a slump in travel demand.
Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after a U.S. Supreme Court order put the sale in doubt.
Procter & Gamble Co is set to name Robert McDonald as its next chief executive officer, taking over from A.G. Lafley, the Wall Street Journal reported on Monday.
Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after the U.S. Supreme Court order put the deal in doubt.
Three groups have entered bids for Saab, General Motor's Swedish car unit, and a preferred bidder is to be chosen by the end of this week, the Financial Times newspaper reported on Tuesday, citing sources.
U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.
U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.
The Boston Globe's largest union narrowly rejected concessions on Monday that owner New York Times Co said would save $10 million, raising the possibility of the 137-year-old daily newspaper's demise.
The sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA was temporarily blocked by a U.S. Supreme Court justice on Monday, with no indication how long the delay would last.
Did You Know: Commercial Real Estate Market Survey
A U.S. Supreme Court justice granted on Monday a request to put on hold the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA.
AT&T Inc said it will halve the price of the existing iPhone from Apple Inc starting on Monday evening and start selling a new version of the phone on June 19 without impacting its profit targets.
The U.S. Supreme Court is weighing whether to allow the Obama administration-backed sale of bankrupt automaker Chrysler LLC to a group led by Italian automaker Fiat SpA.
The U.S. Supreme Court ruled on Monday that a West Virginia judge should have disqualified himself from an appeal of a $50 million jury verdict against Massey Energy Co because the coal mining company's CEO had been a major campaign donor.
The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.
General Motors Corp , which filed for bankruptcy protection a week ago, said on Monday that it would cease production of medium-duty trucks by July 31 after attempts to sell the operation failed.
Global airlines called for concerted action to prevent another runaway surge in oil prices as the International Air Transport Association nearly doubled its forecast for industry losses to $9 billion in 2009.
The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.
The Obama administration urged the U.S. Supreme Court on Monday to allow the sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA, saying that blocking the deal would have grave consequences.
Spectra Energy units Maritimes Canada and Maritimes U.S. said in separate website postings over the weekend that the Sable Island Offshore Energy Project in Nova Scotia had returned to normal output levels after decreasing production late last week.
As students study for final exams, the retail industry is gearing up for its biggest test so far this year -- the back-to-school shopping season. After cutting costs to cope with slack consumer demand during the recession, retailers hope the economy will start to recover in the second half of the year.
