Alex Denner, the top healthcare deputy for Carl Icahn, confirmed on Monday that he had resigned from the billionaire investor's firm.
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
Prime Minister-designate Mario Monti meets the leaders of Italy's biggest two parties on Tuesday to discuss the many sacrifices needed to reverse a collapse in market confidence that is driving an ever deepening euro zone debt crisis.
Fallout from MF Global Holdings Ltd's bankruptcy intensified as a U.S. regulator subpoenaed a bank that held some of its customers' money, while some of the 1,066 workers fired from the futures brokerage last week filed three lawsuits over their sudden dismissals.
The World Bank's private-sector lender plans to work more closely with Intel, the world's top chipmaker, to invest in technology firms in developing countries, a senior World Bank official said on Monday.
Upstart Canadian mobile operator Mobilicity will slash its already low-cost calling plans from Tuesday in a holiday challenge to both big providers and other new entrants.
On paper, Groupon Inc appears to be a juicy target for short sellers: it loses money, it has changed its accounting twice, and its unproven business model faces competition from Google and Amazon.
JP Morgan's metals trading chief Peter Sellars, one of the last senior Sempra-era executives to remain at the bank, will retire in January, according to a memo sent to staff on Monday.
The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.
Stocks fell on Monday as rising bond yields in Italy and other euro-zone countries reminded investors that despite changes in governments, the region's debt crisis could still spin out of control.
MF Global Holdings Ltd has been sued by former employees who said workers were not given proper notice before the November 11 firing of all 1,066 at its broker-dealer unit.
Goldcorp said on Monday that the Quebec government has given the green light to its Eleonore project, allowing Canada's second largest gold producer to start full construction at the mine in Northern Quebec.
GlaxoSmithKline is assessing final bids for a clutch of its non-prescription drugs, keeping the process on track for the selection of a buyer by the end of the year, people familiar with the matter said on Monday.
Just days after the collapse of MF Global, a healthcare plaintiffs' lawyer registered the domain mfglobal-lawsuit.com -- a sign of the legal business the brokerage's failure is expected to generate.
The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.
German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.
Wall Street stocks fell on Monday as euro zone data signaled the region could be facing a recession, adding to worries about Europe's debt crisis.
WASHINGTON, Nov 14 - The New York County District Attorney's office will soon announce enforcement actions against additional foreign banks that helped Iran and other U.S.-sanctioned countries access the U.S. financial system, Manhattan District Attorney Cyrus Vance, Jr said on Monday.
Italian bank UniCredit is to ask shareholders for 7.5 billion euros ($10.3 billion) in new capital, cut 6,150 jobs and retreat from key business areas in a bid to repair its ravaged balance sheet and return to profit.
Gold closed slightly lower Monday as resurgent worries about Europe's finances drove investors to sell stocks and buy dollar-denominated assets, not including gold.
How the market works has changed from a few decades ago. In today’s hyper-financialized and interconnected world, investors cannot afford to solely focus on fundamentals.
LEIPZIG, Germany, Nov 14 - Warning that Europe faced its toughest hour since World War Two, German Chancellor Angela Merkel urged her party to set aside its misgivings about the euro and accept closer political integration as a solution to the bloc's deepening debt crisis.
Warren Buffett has always made his distaste for technology investments clear, but on Monday he changed his ways in spectacular fashion.
Olympus Corp directors approved the purchase of Gyrus Group's preferred stock from a firm that advised the Japanese company's takeover of the British medical products maker, for more than three times the original price just two months after the shares were issued, the Nikkei business daily said.
The financial crisis is forcing investment bankers to take on unfamiliar tasks left behind by redundant colleagues to meet the needs of clients struggling with choppy markets.
Ivanhoe Mines said on Monday that construction at its Oyu Tolgoi copper-gold project in Mongolia will be 70 percent complete by the end of 2011, with commercial production seen in the first half of 2013.
Italian bank UniCredit is to ask shareholders for 7.5 billion euros ($10.3 billion) in new capital, cut 6,150 jobs and retreat from key business areas in a bid to repair its ravaged balance sheet and return to profit.
Sprint Nextel cut broadband wireless prices for its fastest data service customers after just two weeks to better compete with rivals AT&T Inc and Verizon Wireless in the holiday shopping season.
Is now a good time to consider the shares of American International Group (AIG)? And what, if anything, does AIG's stock price say about the U.S. economy?
Shares of gold and silver mining companies were down Monday, falling more than the broader stock market or the price of the precious metals themselves.
