Deutsche Bank AG has launched the sale of a large chunk of its global asset management business, with a price tag seen between 2 billion euros ($2.6 billion) and 3 billion, two financial sources familiar with the sale process said on Friday.
Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
Stock index futures pointed to a higher open for equities on Wall Street on Friday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 rising 0.3 to 0.6 percent.
World stocks rose on Friday after upbeat U.S. data and corporate results, while concerns over the European banking sector and nervousness about potential ratings downgrades in European sovereign debt underpinned German government bonds.
Hunger and homelessness are on the rise according to a report released on Thursday by the United States Conference of Mayors.
Chinese American designer Vera Wang, known for her couture bridesmaid and wedding gowns, has added a new dimension to her designer range with a men's formalwear line.
Apple Inc's share of China's booming smartphone market has risen sharply in the past two years, but for now the company that sells the iconic iPhone is being outpaced by nimble rivals.
The conflict among the councils of fashion capitals New York, London and Milan has intenseified after Paris Fashion Week organizers rejected U.S. designers' new proposal for the 2012 fashion show dates.
Asian shares rose and the euro edged higher Friday, as signs of strength in the U.S. economy temporarily broke through gloom over the European debt crisis that had driven a selloff in riskier assets over the past three days.
U.S. lawmakers Thursday night reached a tentative deal to fund an array of government agencies through Sept. 30 and avert shutting down many of Washington's operations starting this weekend.
Congress Thursday approved a defense bill requiring the military to handle suspected foreign militants allied with al-Qaida, sending it to President Barack Obama for his expected signature.
A top U.S. Federal Reserve official on Thursday defended the central bank's decision to provide dollars for overseas banks stressed by Europe's debt crisis, saying the action was needed to protect the U.S. economy.
Accenture Plc posted strong quarterly results but the technology outsourcing and consulting company's cautious view of the second quarter amid the worsening global economy sent its shares down after market.
Prosecutors are asking a federal judge to rule that financier Allen Stanford has regained competence and can stand trial over an alleged $7.2 billion Ponzi scheme.
Is now a good time to consider the stock of AutoZone (AZO)?
Shirtless men clad in red sweatpants have been lining up for days in Singapore's prime shopping district, part of an advertising gimmick revealing not just muscle but also a gradual unpeeling of the city state's puritanical ways.
The U.S. banking industry is undergoing its most radical structural change since the Great Depression, according to S&P's Ratings Services Thursday.
The top U.S. market regulator is appealing a judge's rejection of a major Citigroup Inc civil securities fraud settlement, according to court papers filed on Thursday.
If you're not going to pay your rent, you probably shouldn't also set the townhouse on fire.
No country is immune from an escalating euro zone crisis and each one must act to head off the risk of a global depression, the head of the International Monetary Fund said on Thursday.
Empire Co Ltd's Sobeys grocery chain is expanding its high-margin retail gasoline business in Eastern Canada, announcing plans on Thursday to buy 250 gas stations from Shell Canada.
Canadian industries are operating at a production capacity that is approaching pre-recession levels and the housing market remains strong, according to data on Thursday that offered the prospect of steady, if slower, economic growth.
