Yahoo Inc. will be closely watched in the U.S. stock market on Thursday after a report that Alibaba, Softbank Corp., Blackstone Group and Bain Capital are said to be in advanced discussions to make a bid for all of Yahoo.
The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and bring in his own team to save the Japanese firm from a big accounting scandal.
Burger King said it plans to roll out new-and-improved French fries next week, as competition from rival fast-food chains rises.
The former chief executive of Japan's disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and install his own team to save the firm from a big accounting scandal.
E*Trade Financial Corp's chief financial officer said on Wednesday that the deteriorating economic environment spurred by Europe's debt crisis was a key reason behind the No. 3 online brokerage's decision not to put itself up for sale after its recent strategic review.
The Canadian economy grew at an annualized rate of 3.5 percent in the third quarter, recovering more solidly than expected from a 0.5 percent contraction in the second quarter that was linked to the impact of Japan's earthquake and tsunami.
Leon Cooperman sent a straightforward and scathing letter to President Obama Monday calling for reform and more accountability from President Obama calling for reform and more accountability from the administration.
Central bank action on Wednesday to ease severe funding strains for the world's private sector banks may help cushion a brewing global credit crunch but it only buys some wiggle room for governments trying to resolve the euro debt crisis and keep banks lending.
The investor group Melrose 2 is suing Paramount Pictures, claiming it put up $375 million to finance the Transformers movies and other projects, but hasn't received any of the profits.
With the fast-selling e-publication of his memoir-cum-business-strategy guide, Mark Cuban made another notch in his media-pioneer belt.
Small banks are facing some of the largest personnel costs in the banking industry, while large institutions are tepidly adding jobs, an analysis by the Wall Street Journal published Wednesday has found.
Shares of Yahoo rose two percent in early trading after a report private equity giant Silver Lake Partners was bidding $16.60 a share for the troubled search engine and media company.
Morgan Stanley said it prefers exposure to gold, silver and livestock in the coming year, as such commodities perform well in a global economic slowdown.
India's economic growth in the current fiscal year ending March 2012 is expected to be around 7.5 percent, as the growth in fourth quarter will be better than the 6.9 percent growth
Stymied by a six-month drilling moratorium, the climb to recovery appears slow for the oil and natural gas industries in the Gulf of Mexico since the Macondo spill of 2010. In reality, it's a little more ambiguous than public perception or data numbers suggest.
China's central bank cut the reserve requirement ratio for its commercial lenders on Wednesday for the first time in nearly three years to ease credit strains and shore up an economy running at its weakest pace since 2009.
Stock index futures pointed to a weaker open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.4-0.7 percent.
Banks' contribution to the economy may be hugely overstated, underscoring anger about the scale of taxpayer rescues and resultant government cutbacks, but a sharp retreat of banking worldwide looks painful for all and needs calibrating.
Goldman Sachs has raised $600 million from clients such as pension funds, wealthy families and large institutions for a new fund that would provide start-up money to hedge-fund managers, the Wall Street Journal said.
French bank Societe Generale SA is contemplating the sale of its U.S. asset manager TCW Group, Bloomberg reported citing people familiar with the matter.
A full pension plan default by bankrupt American Airlines would be the largest in U.S. history if it occurred today with those accounts running $10 billion short of what the carrier owes its workers over many years, government pension insurers estimated on Tuesday.
Down a stretch of cobblestone in Manhattan's Soho neighborhood, a historic cast-iron building encloses a modern interior. The building is 34 Greene Street, atop which is a massive two-level penthouse, currently on the market for $13.75 million.
