Random House, Penguin In Merger Talks: Report
Book publishers Random House and Penguin Group could be combined if talks between their owners, Bertelsmann AG and Pearson PLC, succeed.
Rajat Gupta, Former Goldman Sachs Director, Sentenced To 2 Years
Rajat Gupta, a former Goldman Sachs director, will do hard time for insider trading.
In Leaked Memorandum, Lenders To Greece Take Hard Line On Austerity Cuts
The troika that decides how and when to financially rescue Greece has apparently given it a two-year extension on fiscal reform.
Greece To Get Two More Years To Cut Borrowing: Report
Greece may be getting another two years to bring its borrowing under control, according to newspaper reports from Europe.
Ford Aims To Shut Belgian Plant Where 4,300 Work
The No. 2 U.S. automaker, which lost $553,000,000 in the first half of this year, aims to close a plant in Genk, Belgium.
Earnings Preview: Delta Air Lines To Post Higher Profit
The world's biggest airline, Delta Air Lines, is expected to report improved profit and revenue in the third quarter.
Gold Prices Appear Set To Resume Ascent - Analysts
An array of global economic and financial factors are combining to support the price of gold.
BP Sells Russian Oil Assets To Rosneft For $17.1B
Kremlin-controlled Rosneft will pay BP PLC $17.1 billion for its 50 percent stake in TNK-BP.
ExxonMobil Paying $2.91B For Canadian Petroleum Shale Properties
The world's largest publicly traded energy company extended its buying streak with a $2.91 billion purchase of Canadian petroleum shale properties.
Japan On Pace To Displace China As Top US Lender
Despite a huge U.S. federal debt and prospects of a so-called fiscal cliff, foreign governments continue to snap up U.S. government debt.
Yahoo's Mayer Poaches Google Exec With $58 Million Package
Yahoo will pay $58 million to hire Henrique de Castro, a Google executive who will become Yahoo's new chief operating officer.
Vikram Pandit Out As Citi CEO; Michael Corbat New Chief
Vikram Pandit has resigned as CEO of Citigroup, the third-largest U.S. bank. He was replaced by Michael Corbat.
Nobel Economics Prize Awarded For Match Theory, Market Design Research
Ground-breaking research on how people and institutions find and select each other gained two American researchers the Nobel economics prize.
Unilever To Sell Skippy Peanut Butter Brand
Anglo-Dutch consumer goods company Unilever is seeking a buyer for its Skippy peanut butter brand.
Iran Blames 'Speculators' For Collapse Of National Rial Currency
Iran's currency, the rial, plunges, and the government promises to go after "speculators," whom it blames on the currency's falling value.
Spain's Unemployment Climbs To 4.71M As Tourist Season Ends
For the second month in a row, Spain's already high unemployment level increased as tourist season ended and layoffs in the service sector boosted joblessness to nearly 24 percent.
US stocks follow major markets in Asia, Europe higher as Apple Inc. (NYSE:AAPL) shares gained on overwhelming demand for its iPhone 5 and Spain's government appeared to make progress on financial reform
Signs that Spain's economic reforms are advancing and booming sales of Apple Inc.'s iPhone 5 contributed Friday to a global risk-on sentiment that helped lift U.S. stocks.
KOA Sidesteps The Decline Of The American Roadtrip With Cabin Camping
Now 50 years old, Kampgrounds of America pioneered the U.S. campground industry to take advantage of vacationers riding the then-new interstate highways.
Robert McKeon, Founder, Chairman Of Veritas Capital Management, Dead Of Suicide
Robert B. McKeon, founder and chairman of private equity firm Veritas Capital Management LLC, committed suicide this week at his Darien, Conn., home, the state's medical examiner's office said Friday.
Gold Prices Shoot Higher On Fed Decision To Take On More Debt
Fed decision to buy tens of billions more in bonds lifts the price of gold to a six-month high.
US Economy To Grow 2% Or Less This Year: Fed
The U.S. central bank lowered its forecast for economic growth this year, but it reiterated its expectations for unemployment. Further, the bank said it now expects the Fed's first interest rate hike to take place in 2015.
Merck Borrowing $2.5B For Pension Fund, Debt Service
Merck & Co., Inc. (NYSE:MRK), the Whitehouse Station, N.J.-based pharmaceutical giant, is borrowing about $2.5 billion to service corporate and contribute to its pension fund.
US Economy Adds 96,000 Jobs In Aug, Joblessness At 8.1%
The U.S. economy added a paltry 96,000 jobs last month, vastly fewer than economists were expecting. However, the fact that fewer Americans were seeking employment resulted in the unemployment rate falling to 8.1 percent.
Commodity Trader Glencore Raises Offer For Mining Giant Xstrata
Global commodity trader Glencore International PLC, which was within hours of seeing its proposed $80 billion purchase of mining giant Xstrata PLC rejected by shareholders, has raised the amount it is willing to pay, according to a report Friday.
Surging ADP Numbers Has Analysts Wondering: Are Their August US Jobs Report Forecasts Too Low?
An ADP report that private sector job creation topped analyst expectations by nearly a third has economists taking a second look at their, perhaps too negative, predictions, about what Friday's U.S. jobs report from the Labor Department will show.
Strong August Job Creation Boosts Analyst, Investor Confidence In US Economy
Surprisingly strong U.S. job creation last month is forcing some, though not all, analysts to adopt a more upbeat outlook for growth prospects in the world's largest economy.
TransCanada Submits Revised Route For Keystone XL Pipeline
TransCanada submits a new route for its proposed Keystone XL Pipeline that skirts ecologically sensitive areas in Nebraska. A State Department decision is expected early next year.
ECB Head Hints Of Bond Buying: Borrowing Costs Ease
The head of the European Central Bank is signaling that the ECB may be ready to offer short-term loans to the monetary union's most at-risk members like Spain and Italy.
UK Judge Dismisses Berezovsky Suit
A British judge Friday handed Russia's Boris Berezovsky, a fierce Kremlin critic and one of the world's wealthiest men, a devastating loss in his $6.5 billion lawsuit against fellow Russian billionaire Roman Abramovich, a one-time protege of Berezovsky and the owner of England's Chelsea soccer club.
ESPN, Major League Baseball In $5.6B Deal
Walt Disney's ESPN unit and Major League Baseball announce an eight-year, $5.6 billion deal.
