NEW YORK

China's new review body for inward M&A could bring some much-needed transparency to the deal approval process and even make it quicker for foreign companies to get tie-ups with mainland firms past the authorities.

Shares of Family Dollar Stores Inc. (NYSE: FDO) are soaring after the discount retailer confirmed late yesterday that it has received an unsolicited bid from the Trian Group, a New York hedge fund, at a price of $55 to $60 per share.

The U.S. Securities and Exchange Commission (SEC) has sued a former CEO and two former CFOs of failed mortgage lender IndyMac Bankcorp, accusing them of securities fraud.

They had to know, said the jailed former fund manager Bernie Madoff, referring to bankers and investors who should have been able to uncover his Ponzi scheme.

General Motors Co (GM.N) will pay its 45,000 hourly workers in the United States a bonus of at least $4,000 each, the automaker said on Monday. The average employee payout will be finalized by the end of February. The payments will be doled out on March 25, a company spokeswoman said.

Gold steadied on Wednesday ahead of a raft of U.S. data due later, having earlier risen to four-week highs as a retreat in the dollar and concerns over the medium-term inflation outlook helped support the precious metal.

Stock index futures rose on Wednesday after estimate-beating results from Dell and a deal for Sanofi-Aventis to buy Genzyme for $20.1 billion in cash.

The scientific evidence by itself can't pinpoint the origin of the anthrax mailings that in 2001 and infected 22 people and killed five, according to a report from the National Research Council.

The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.

Wireless consumers across the United States continue to face excessive and discriminatory federal, state, and local taxes and fees on their wireless bills, says a new report, which finds Nebraska paying a whopping 23.69 percent.

More and more investors are flocking to silver, sensing an opportunity. Mark Thomas of the Silver Shortage Report wrote on Tuesday that Soros Fund management has made an investment in Pan American Silver (PAAS).

A fireball that streaked through the skies over East Coast, described by viewers as -- the size of a Cesna plane and one of the biggest, brightest, and most colorful ever! -- could have been a passing meteor.

A look at 5 key events that shaped the New York Stock Exchange from the 18th century till date

The top after-market NYSE gainers on Tuesday are: Verso Paper, Family Dollar, Aaron's, Dollar General and 99 Cents Only Stores. The top after-market NYSE losers are: Dice Holdings, Airgas, Dean Foods, Hanger Orthopedic Group and LSI Corp.

He talks of his wife’s death for the first time

According to The New York Daily News, Kobe Bryant would consider playing in Italy should the NBA have a lockout.

CC Sabathia is among the best pitchers in baseball and firmly entrenched as the Yankees' ace, but could he be on the move after this season?

Bank of America (BofA) has selected a battery of top-end law firms to represent their legal interests but being on the legal panel comes at a price.

Robert Bob DuPuy, former Major League Baseball (MLB) president, has rejoined law firm Foley & Lardner's sports industry practice group in New York as a partner.

Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.

The NYSE Euronext (NYSE: NYX) and Frankfurt’s Deutsche Boerse have entered into an agreement to merge in a $10-billion transaction that is expected to result in the world's biggest trading vehicle for stocks and derivatives.