Carsten Kengeter, co-chief executive of UBS Investment Bank, is stepping back from his additional role as joint head of fixed income, currencies and commodities , following two high profile appointments in the securities business. UBS appointed Neal Shear, 55, as head of global securities on Monday and named Roberto Hoornweg, 41, as global head of securities distribution, as it loo...
China widened its attack against U.S. criticisms of Internet censorship on Monday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.
U.S. chemical maker DuPont is expected to report a fourth-quarter profit on Tuesday, a result that would bolster hopes the economy is on its way to recovery.
U.S. lawmakers looked likely to grudgingly approve Ben Bernanke to a second term as Federal Reserve chairman this week after the White House stepped in to defend his crisis-fighting record and rally votes.
A man threw his shoe at Sudanese President Omar Hassan al-Bashir in a public conference in the capital on Monday, a particularly insulting action in Arab culture, eye witnesses said.
The landlords who acquired a massive apartment complex in Manhattan in 2006 for a record sum have decided to give up control of the property to their lenders, as the biggest residential real estate deal in U.S. history has collapsed after a missed debt payment.
Haiti could start relocating nearly half a million homeless earthquake survivors from its ruined capital this week, the government said on Monday, as foreign donors mapped out a long-term rebuilding plan.
Power company Duke Energy said its commercial business unit, Duke Energy Generation Services (DEGS), agreed to buy a 14 megawatt Blue Wing Solar Project from juwi Solar Inc, a unit of Germany's juwi Holding AG.
Solar company Conergy paved the way for striking a refinancing deal by the end of March thanks to a breakthrough settlement with wafer supplier MEMC, its CEO told Reuters on Monday.
U.S. stocks edged higher in choppy trade on Monday as investors scooped up shares beaten down in last week's sell-off, including materials and technology stocks, but caution persisted over plans to curb bank risk-taking.
Outside their wrecked headquarters, Radio Caraibe's presenters broadcast from a makeshift studio spilling over a pavement in Haiti's quake-hit capital, supplying news and messages about aid and victims.
Sales of previously owned homes suffered a record drop last month as the boost from a popular tax credit waned, raising doubts the housing market recovery can be sustained without government support.
Hopes tiny Dutch car maker Spyker can yet rescue Sweden's failing Saab automobile brand and the 3,400 jobs that depend on it flickered back into life on Monday.
The sci-fi Avatar is the box-office champ for the sixth week in a row and is safely on its way to becoming the highest-grossing movie of all time, dethroning Titanic.
U.S. businesses plan to increase hiring and capital spending in the first half of this year, a survey showed on Monday, steps that could give the economic recovery further impetus.
General Motors Co acting Chief Executive Ed Whitacre will take that role on a permanent basis, a person familiar with the matter said on Monday.
U.S. stocks rose on Monday, set to snap a three-session sell-off that wiped out index gains for the year, as U.S. Federal Reserve Chairman Ben Bernanke edged closer to winning support for a second term.
A group led by Tishman Speyer Properties LP is giving up control of the Stuyvesant Town and Peter Cooper Village apartment complex in Manhattan to creditors, marking the collapse of one of the largest transactions during the U.S. real estate boom.
Sam's Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members.
The commander of NATO forces in Afghanistan said he hopes increased troop levels will weaken the Taliban enough for its leaders to accept a peace deal.
Oil prices slipped slightly on Monday to approach a one-month low near $74 a barrel on continuing signs of weak demand and concerns over a U.S. proposal to tighten bank trading rules.
Prime Minister Gordon Brown said on Monday he saw growing support for some form of international levy on banks to fund support for the industry.