Private equity firm Blackstone Group is talking to lenders about cutting up to $5 billion of debt held by its Hilton Hotels chain, a source familiar with the situation said on Wednesday.
New rewards to store carbon in trees are driving forestry investments, but green groups fear they pose a threat to ancient woodlands and rainforests.
Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
News, details on corporate bond issues in the European markets on Wednesday:
Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
HSBC Holdings and Bank of Communications (BoCom) plan to transfer their joint credit card activities in China into a new company to tap into expected strong growth in the world's most populous country.
U.S. stock index futures fell on Wednesday after disappointing results from bellwethers overseas, while investors awaited figures on U.S. durable good orders and new home sales.
U.S. stock index futures fell on Wednesday after disappointing results from bellwethers overseas, while investors awaited figures on U.S. durable good orders and new home sales.
U.S. stock index futures fell on Wednesday with more company results and durable goods and housing sales figures on tap as investors seek insight into the health of the economy a day after disappointing consumer confidence data.
Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.12 percent and Nasdaq 100 futures down 0.28 percent at 5:10 a.m. EDT.
The U.S. Treasury and GMAC Financial Services are in advanced talks to prop up the lender with a third tranche of taxpayer-backed funding, the Wall Street Journal reported on Tuesday.
A former chief executive of Advanced Micro Devices became the biggest name to be linked to the Galleon Group insider-trading scandal, when the Wall Street Journal reported on Tuesday that he leaked information about the microprocessor maker in 2008 to a hedge fund manager.
While TD Ameritrade Holding Corp predicted a bold jump in trading by individuals next year, smaller online broker E*Trade Financial Corp , dealing with in-house loan losses, cautioned that much uncertainty still lies ahead.
U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.
Social networking sites like Facebook and LinkedIn raise serious new challenges for financial regulators, the head of the largest U.S. independent securities regulator said on Tuesday.
Social networking sites like Facebook and LinkedIn raise serious new challenges for financial regulators, the head of the largest U.S. independent securities regulator said on Tuesday.
SL Green Realty Corp, a New York office owner and commercial real estate lender, said on Tuesday it expected to play a role in the restructuring of the debt on two huge Manhattan apartment complexes teetering on the edge of default.
JPMorgan Chase & Co , the second largest U.S. bank, is looking to add financial advisers, Chief Executive Jamie Dimon told a conference in New York on Tuesday.
ING shares were sold sharply lower the day after it announced plans for a highly dilutive rights issue, before the record number of shares trading hands caused a technical glitch and the share's suspension.
Robert McCann, the new head of the battered U.S. wealth management unit of Swiss bank UBS AG , said he aims to stem client withdrawals and has no plans to sell the business.
Troubled lender Amcore Financial Inc posted a seventh straight quarterly loss, hurt by higher provisions, and said it was significantly undercapitalized, sending its shares down 42 percent.
Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet
advertising technology.