A British venture called Odyssey Airlines hopes to start nonstop all-business class flights from London to New York and other locations using 10 newly-ordered Bombardier CSeries passenger jets.
Wall Street banks woke up to an unexpected positive surprise Tuesday after one of the financial sector's most prominent medium-sized investment banks posted results that exceeded analyst expectations, showing strength in the much-battered sector in spite of a highly volatile fourth quarter. Earnings for Jefferies Group (NYSE:JEF) were 50 percent higher than analysts had expected.
If ever there was a sale that begged a buyer beware disclaimer, it may be last week's auction of Elizabeth Taylor jewelry, gowns and art that fetched more than 400 times experts' estimate for at least one item.
Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
Southeast Asian stock markets were mixed with an easier bias on Tuesday as market players cashed in any quick gains and remained focused on risks attached to the unresolved sovereign debt crisis in the euro zone.
Ron Paul's has emerged as the new GOP frontrunner in Iowa with a not-Mitt tag. But political pundits and voters should pay greater heed to his sudden rise. The anyone but Romney title downplays Paul's emergence, writing him off as just the latest in a string of candidates-du-jour. But Ron Paul is more than a fling.
Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, as it tries to bolster its depleted finances, the Nikkei business daily reported Tuesday.
The top aftermarket NYSE gainers on Monday were: Emulex Corp, Sprint Nextel Corp, Skilled Healthcare Group, Radioshack, Cemex SAB, InvenSense, Quicksilver Resources, CBRE Group, Ultra Petroleum and Crexus Investment Corp.
The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.
Steven Rattner, the former head of the United States auto task force, attempted to clarify remarks about the salary of United Auto Workers members that he made last Thursday in speaking before the Detroit Economic Club.
The Dallas-based company announced Monday that after a thorough review of its options it was backing out of the $39 billion deal, thus avoiding a costly and potentially lengthy legal battle.
This is the fifth in TheWrap's series of Studio Report Cards.
The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.
In a spacious, luxury apartment perched on the leafy hills of Hong Kong, Kai-Yin Lo browses through a trove of Chinese art acquired over several decades, reflecting how her niche, scholarly pursuit has now hit the mainstream.
Canadian fertilizer giant Potash Corp. of Saskatchewan is seeking approval from the Israeli government to increase its stake in rival Israel Chemicals Ltd. to 25 percent, according to media reports.
European leaders have not done enough to deal with the region's debt crisis and should probably use the International Monetary Fund to more closely monitor countries with the biggest problems, Canadian Finance Minister Jim Flaherty said on Sunday.
In a bombshell research note that is making the rounds of Wall Street this morning, Glenn Schorr, the financial services sector analyst for Nomura, cut his estimate for Goldman's fourth-quarter earnings to $1 per share, half of his previous $2 prediction. That's less than half of what the consensus expectations are. Other bank estimates were also taken down.
European Goldfields, which has agreed a C$2.5 billion ($2.4 billion) takeover by Canadian group Eldorado Gold, is hoping to keep an investment deal with Qatar's sovereign wealth fund as a fall back option.
Dell, the No. 2 U.S. PC maker, plans to restart its venture capital unit as Dell Corporate Ventures. To head it, it designated Norwest Venture Partners executive Jim Lussier.
Peruvian President Ollanta Humala's approval rating fell for the third straight month in December to 47 percent after fierce protests against a mining project sparked his government's first crisis, pollster Ipsos Apoyo said on Sunday.
Japan's Nikkei share average fell to a three-week low on Monday, hurt by news that North Korean leader Kim Jong-il had died and as worries over Europe's debt crisis increased after Fitch Ratings warned of possible downgrades for seven European nations.
Gold prices will fall below $1,500 an ounce over the next three months and are unlikely to retest September's all-time highs until later 2012 at the earliest, according to a Reuters poll of 20 hedge fund managers, economists and traders.
