Retailers are touting holiday deals and discounts earlier than ever this year, but the efforts may fall flat as consumers expect to start shopping for this crucial season later than ever, according to a survey released on Tuesday by NPD Group.
American Electric Power reached a settlement with the U.S. government that will cost the giant utility $4.6 billion to reduce harmful air pollution from 16 coal-burning power plants, the Environmental Protection Agency said Tuesday.
Swiss bank UBS is expanding its wealth management business in Japan, bringing its brand of tailored banking to the rich of the world's second-biggest economy.
Cathay Financial, Taiwan's top financial holding firm, posted a forecast-beating three-fold rise in quarterly profit on Tuesday thanks to strong local stock returns and better net interest margins.
Student lender Sallie Mae said on Monday it has filed a lawsuit, seeking damages of $900 million, against the consortium that agreed to buy it for $25 billion but then proposed to revise its offer.
Britain threw a fresh lifeline to Northern Rock on Tuesday, offering to guarantee new retail deposits and extend funding arrangements in a bid to win the bank time to salvage something from its battered business.
The investment bank chose to offer its advice to the unexpected winner of the largest banking takeover ever.
Brewers SABMiller and Molson Coors Brewing have agreed to combine their U.S. operations to create a venture with annual sales of $6.6 billion that will be a strong number-two player to Anheuser-Busch.
Citigroup said on Tuesday it would merge its retail securities business in Japan with unit Nikko Cordial Corp, as part of the U.S. financial firm's push in the world's second-largest economy.
With just over a day remaining until a strike deadline, representatives of the United Auto Workers union and Chrysler LLC bargained into Tuesday morning in a bid to reach a new contract for some 49,000 U.S. factory workers.
Restaurant operator Yum Brands Inc reported better-than-expected quarterly earnings and boosted its full-year outlook on Monday, sending its shares up more than 4 percent in extended trading.
JPMorgan Chase & Co Chief Executive Jamie Dimon has given investors plenty to worry about throughout the year, but they have shrugged off his cautionary remarks and embraced his couched reassurances. It might be time to reconsider Dimon's cautionary side after Merrill Lynch & Co Inc unveiled a $5.5 billion credit implosion last week.
Negotiators from Chrysler LLC and the United Auto Workers were set to resume contract talks on Monday after the union set a deadline for wrapping up negotiations this week. The struggling No. 3 U.S. automaker has been given a 72-hour strike notice by the UAW as they negotiate a new labor agreement, a person familiar with the talks said on Monday.
Australian healthcare firm Symbion Health Ltd will be broken up and sold to Healthscope Ltd and private equity firms in a A$2.8 billion ($2.5 billion) deal aimed at sidestepping opposition to a tie-up from a rival suitor.
Morgan Stanley is unleashing a major drive to tap India's domestic wealth next year, hiring 100 private bankers in a bid to manage $1 billion in assets by the end of 2010.
BNP Paribas, France's biggest bank, is building up its onshore private banking presence in China, India and Taiwan and expects total assets under management in Asia to grow by 20 percent a year in the next few years, the head of its Asia private banking operation said.
Investment bank Citigroup is planning to help keep Northern Rock independent by arranging a consortium of bidders to bail it out, or by directly offering it a loan, according to conflicting weekend newspaper reports.
Minsheng Banking Corp will buy 9.9 percent of San Francisco-based UCBH Holdings for more than $200 million in the first strategic investment by a mainland Chinese bank in a U.S. bank.
A Royal Bank of Scotland-led consortium is set to claim victory in the takeover battle for ABN AMRO on Monday, shifting investor and market attention to the unprecedented integration challenge ahead.
For years the preserve of globe-trotting merchants and secretive financiers, the trade in rare and valuable minerals known as minor metals is now on the radar of hedge funds searching for profits.
The new 'Atlantic' label was created by the French government to counter foreign competition in the wine industry.
Plane maker Boeing Co said on Monday it still expected to deliver its first lightweight 787 Dreamliner aircraft on time by May 2008, despite delays to its test flight schedule.
JPMorgan Chase and Bank of America are expected to disclose losses of about $3 billion in mortgage securities and leveraged loans when they report earnings this month, the Financial Times reported, citing an analyst.
Beyond the ongoing 'short-term' subprime crisis, the 'mega trends' that will shape banking and its growth in the long term will be globalization, the growth of capital markets and global asset growth and its impact on how it's managed, said Deutsche Bank's top corporate and investment banker.
U.S. employers added 110,000 jobs in September and August's job losses were revised into a gain in a Labor Department report on Friday that lifted some worry about a recession in the near term.
Jim O'Shaughnessy, author of the 2005 business bestseller What works on Wall Street and star money manager at Bear Stearns (BSC.N: Quote, Profile, Research), is leaving the investment bank to set up his own asset-management shop -- but he won't leave empty handed.
Merrill Lynch & Co said on Friday it would post a third-quarter loss after writing down $4.5 billion in collateralized debt obligations and subprime mortgage holdings.
Britain's Barclays has conceded defeat in the seven-month battle for Dutch bank ABN AMRO, as rivals led by Royal Bank of Scotland move in to clinch the world's biggest bank takeover.
Wendy's International Inc said on Thursday sales at its company-owned hamburger restaurants open at least 15 months rose 0.2 percent in the third quarter.
Bear Stearns Cos Inc said on Thursday it expects that departing star money manager will take about $8 billion of its asset management division's $44 billion of assets with him.
