The United Auto Workers union set a Monday morning deadline for reaching a contract deal with General Motors Corp. and threatened to send 73,000 GM factory workers on strike if no deal is reached.
Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock , according to a newspaper report on Sunday.
China highlighted Mattel's apology over its recall of huge numbers of toys on Monday to press its claim that Chinese exports are generally safe and foreign politicians and media have unfairly hyped quality scares.
Two private-equity firms have called off an $8 billion deal to buy high-end audio company Harman International Industries.
A new magazine aims for executive women, reaching beyond traditional business publications' male focus.
The Irish unit of British bank HBOS Plc and Dublin-based private equity group Quinlan Private are mulling a joint bid for the Irish Nationwide Building Society, The Irish Times newspaper reported on Monday.
Beijing will cap a program allowing its citizens to invest in Hong Kong's stock market, regulators said on Friday, scaling back an earlier aggressive plan to open a gateway for its capital accounts.
General Electric has offered 4 billion euros ($5.6 billion) to buy the property assets which Spanish bank Santander is selling to fund its bid for parts of Dutch bank ABN AMRO, newspapers reported on Friday.
HSBC Holdings Plc, Europe's biggest bank, said on Friday that it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking $945 million in charges and write-downs, because the business is no longer sustainable. It was the latest blow from the meltdown in the U.S. market for loans to home buyers with poor credit histories.
General Motors Corp and the United Auto Workers union broke off negotiations early on Friday and agreed to return to the bargaining table later in the day, as 73,000 GM workers returned for another day of work without a new contract.
Shareholders of Bausch & Lomb Inc approved a proposed $3.67 billion takeover by private equity firm Warburg Pincus on Friday, the eye care company said.
Kohlberg Kravis Roberts & Co LP and Goldman Sachs Group Inc.'s private equity arm are worried about certain financial conditions inside Harman International Industries Inc, concerns that could threaten the $8 billion deal, a source said on Friday.
The private equity buyers of Harman International Industries Inc are balking at completing the $8 billion purchase of the audio-equipment maker, the Wall Street Journal reported in its online edition on Friday, citing people familiar with the matter.
Royal Dutch Shell will go ahead with a 325,000 barrel-per-day capacity expansion of its Motiva refinery in Port Arthur, Texas, that will make the plant one of the biggest in the world.
The world's largest toy maker, Mattel Inc, apologized on Friday for damaging China's reputation after recent massive recalls of its Chinese-made toys, admitting it targeted some goods that were actually up to scratch.
Pfizer Inc, the world's largest drug maker, said on Friday it is in talks with investors about spinning off its Japanese research and development laboratory, albeit as a much smaller organization.
Two Wall Street investment banks had dramatically different success in weathering summer market turbulence as results at Goldman Sachs Group Inc easily exceeded expectations, while those at Bear Stearns Cos Inc fell far short.
Private equity firm Carlyle Group said on Thursday it is selling a 7.5 percent stake to an Abu Dhabi investment arm for $1.35 billion in a deal that values the Washington-based buyout company at $20 billion.
Circuit City Stores Increported a wider-than-expected quarterly loss on Thursday as sales of projection and tube TVs sagged, and its shares sank as much as 17 percent to a nearly four-year low.
Goldman Sachs Group Inc said on Thursday that quarterly profit surged 79 percent, blowing away expectations of weak results, as the investment bank generated its second-highest revenue ever despite turbulent summer markets.
A unit of POSCO, the world's fourth-largest steel maker, said on Thursday that it had won a $350 million order to build India's biggest blast furnace from state-run Steel Authority of India Ltd.
India's No. 2 private power producer, Reliance Energy Ltd, is scouting for coal mines overseas and sees infrastructure projects such as road and rail as key growth drivers, a senior official said on Thursday.
Bear Stearns Cos Inc said on Thursday quarterly profit plunged 61 percent to its lowest level in five years on bad bets on subprime mortgages and disrupted fixed-income trading.
Goldman Sachs Group Inc said on Thursday that quarterly profit surged 79 percent, blowing away expectations of weak results, as the investment bank generated its second-highest revenue ever despite turbulent summer markets.
Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that raising the ceiling on the size of loans that mortgage finance enterprises Fannie Mae and Freddie Mac can buy could undermine market discipline.
Europe's biggest bank HSBC Holdings has rejected calls from activist investor Knight Vinke Asset Management for it to review its strategy and shake up its corporate governance, the Financial Times reported.
Bahrain has received bids from U.S. firm Occidental and Russian state-owned Zarubezhneft to explore for oil in the kingdom's waters, the Gulf Daily News reported on Thursday.
Nasdaq and Borse Dubai joined forces on Thursday with a deal to buy Nordic markets operator OMX and create a global financial marketplace which will see Borse Dubai taking key stakes in London Stock Exchange and Nasdaq.
The Federal Reserve came to the aid of U.S. banks on Tuesday when it cut rates in a move that should improve their lending margins and give them breathing space to deal with the fallout from the subprime mortgage crisis.
British drinks giant Diageo Plc is very interested in buying Sweden's Absolut vodka valued at $6 billion and Chief Executive Paul Walsh says he can see solutions to any possible anti-trust problems arising.
