In Manhattan, the much maligned apartment co-op board, famous for rejecting notables such as Richard Nixon and Mariah Carey, may turn out to have been the last line of defense against risky lending practices.
The boss of a Chinese toy manufacturing company involved in a Mattel recall after its products were found to contain excessive lead levels has hanged himself, Chinese media reported on Monday.
The world's No.2 soft drink firm PepsiCo has agreed to buy Russia's top juice maker Lebedyansky for $1.5-2 billion to boost its modest Russian juice market share, a newspaper reported on Monday.
Biotechnology giant Amgen Inc is gearing up for cost cuts as it weathers a siege on its lucrative anemia drug business that accounted for about half of its sales last year.
The havoc in the credit markets could reduce prices that office, industrial, apartment and shopping-center properties have commanded over the past few years.
AirTran Holdings Inc. said on Sunday it has walked away from its hostile bid to acquire Midwest Air Group Inc. as Midwest has accepted a rival takeover offer.
Dutch chemicals company Akzo Nobel is set to announce on Monday it has agreed to buy British rival ICI for about 8 billion pounds ($16.18 billion), people familiar with the matter said on Sunday.
POSCO, the world's third-largest steel maker, is seeking approval from the Vietnamese government to establish a steel mill at a cost of $4.5 billion, state media reported on Monday.
For investors, the subprime crisis is the first real test of will since the Internet stock bust six years ago.
As the market punishes banks and lenders for loose lending practices, investors want to know what's really at stake.
Infrared thermometers that take a person's temperature with a sweep of the forehead may not be as accurate as old-fashioned measures, a study suggests.
News Corp.'s Rupert Murdoch has said he might make the Wall Street Journal's Web site free, a shift that could compel Britain's Pearson to do the same with the online version of its Financial Times.
NBC Universal and News Corp have reached a preliminary deal with a private-equity firm to sell a stake in their online joint venture for $100 million, a source close to the deal said on Friday.
Reliant Pharmaceuticals Inc. filed with U.S. regulators on Friday to raise up to $400 million in an initial public offering of common stock.
British billionaire Richard Branson declined to rule out a stock market listing for Virgin Atlantic in the event that his Virgin Group bought out its Singapore partner in the airline.
Sunrise Senior Living, a senior living chain exploring a possible sale, on Friday posted disappointing revenue under management, sending shares down 4 percent.
The U.S. Food and Drug Administration has approved expanded use of Pfizer Inc's blockbuster cholesterol-lowering medicine Lipitor by five new categories, including one to reduce the risk of non-fatal heart attacks and strokes, the company said on Wednesday.
British billionaire Richard Branson declined to rule out a stock market listing for Virgin Atlantic in the event that his Virgin Group bought out its Singapore partner in the airline.
Nikko Cordial Corp., the Japanese unit of Citigroup, said it was not looking to sell its merchant banking arm, denying a report that it was in talks with Japan's Norinchukin Bank about a potential $3.4 billion deal.
Opteum Inc. said second-quarter losses would be much higher than expected and added that its quarterly filing would be delayed as certain discontinued operations need to be included in its results for the period.
Man Group Plc, slated to become the first firm to list a hedge fund on the New York Stock Exchange this autumn, will delay the public offering as market conditions have deteriorated dramatically, a source familiar with the company's plans said on Thursday.
Big wasn't beautiful on Thursday.
In another sign that traditional media is losing market share to the Internet, a new study finds that U.S. online ad sales are expected to overtake newspaper advertising by 2011.
Goldman Sachs Group Inc., known for its Midas touch, again found itself on the defensive Thursday amid speculation that two of its hedge funds had fallen sharply in recent weeks and were selling down positions.
A second hedge fund managed by Goldman Sachs Group Inc. is suffering from losses and is selling down some of its positions, The Wall Street Journal reported on Thursday.
General Motors Corp. is raising incentives to boost sales in August, mainly for full-size pickup trucks, the automaker's global head of product development said on Thursday.
North Dakota's senior U.S. senator plans to support the $4.9 billion sale of Ingersoll-Rand Co.'s Bobcat machinery unit to South Korea's Doosan Infracore.
A limited partner in a failed hedge fund run by Bear Stearns says the investment bank took only meager steps to prevent the fund's recent collapse.
Proposed legislation that would boost taxes paid by wealthy private equity managers could have the unintended consequences of hurting small business partnerships as well, President George W. Bush said on Thursday.
Most U.S. retailers posted weaker-than-expected July sales on Thursday, hurt by a delayed back-to-school shopping season and high gas prices that cut consumers' trips to the mall.
