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Updated: 4 years 5 months ago

Era Ends at ThyssenKrupp

Tue, 12/03/2013 - 8:58pm
The balance of power at one of Germany's oldest industrial companies shifted as ThyssenKrupp's largest shareholder relinquished control over the company and an activist shareholder raised its stake.
Categories: Financial News

Barrick Gold Set to Unveil COO, Director Appointments

Tue, 12/03/2013 - 8:56pm
The world's largest gold mining company is set to announce the appointment of Ned Goodman to its board and Jim Gowans as chief operating officer.
Categories: Financial News

Nikkei Leads Asia Lower

Tue, 12/03/2013 - 8:20pm
Japan's Nikkei led Asian stock markets lower Wednesday as the yen regained some lost ground, while the Australian dollar fell sharply after the country's disappointing third-quarter growth data.
Categories: Financial News

Illinois Passes Pension Overhaul

Tue, 12/03/2013 - 7:40pm
State legislators passed an overhaul of the state retirement system, cutting benefits for public-sector workers and retirees that sets up a court battle with organized labor.
Categories: Financial News

Smaller Mortgage Lenders Lead Field

Tue, 12/03/2013 - 7:01pm
Big banks have been retrenching from the mortgage business recently, leaving smaller players to pick up larger chunks of business.
Categories: Financial News

Canadian Dollar Heads South

Tue, 12/03/2013 - 6:30pm
Investors are turning on the Canadian currency, as the country's economy falls back to earth.
Categories: Financial News

Daimler Starts Selling Mercedes Online

Tue, 12/03/2013 - 6:30pm
The German luxury car maker is taking sales to the Web in its home market to widen its reach beyond its traditional dealer showrooms and to appeal to younger buyers.
Categories: Financial News

SpaceX Successfully Launches Satellite

Tue, 12/03/2013 - 6:27pm
SpaceX successfully blasted its first commercial payload into space, establishing itself as a low-cost alternative to legacy satellite-launch providers backed by U.S. and foreign governments.
Categories: Financial News

High Court Hears Disgruntled Frequent Flier

Tue, 12/03/2013 - 6:19pm
The high court heard arguments Tuesday in a case involving a rabbi who was kicked out of a frequent-flier program for what the airline deemed was "abuse" of his membership.
Categories: Financial News

Former Lampert Investors Got Sears Stock

Tue, 12/03/2013 - 5:47pm
Investors who decided to exit Edward Lampert's hedge fund this year got paid in Sears stock. The move reduced Lampert's stake in the company to 48.4% from 55.4%.
Categories: Financial News

Former Tyco CEO Set for Parole

Tue, 12/03/2013 - 5:08pm
Former Tyco CEO L. Dennis Kozlowski is set for parole early next year following his 2005 criminal conviction and imprisonment for looting the company.
Categories: Financial News

Microsoft Sells $8 Billion of Debt

Tue, 12/03/2013 - 4:32pm
Microsoft transaction is the largest combined dollar- and euro-denominated investment-grade corporate bond deal in more than a decade.
Categories: Financial News

Westfield to Spin Off Australia, New Zealand Malls

Tue, 12/03/2013 - 4:28pm
Westfield Group said it was spinning off its Australian and New Zealand malls in a bid to unlock value for shareholders.
Categories: Financial News

J.C. Penney Estimates Same-Store Sales Jumped in November

Tue, 12/03/2013 - 4:24pm
The struggling retailer also said online sales were well ahead of year-earlier levels.
Categories: Financial News

Lennar Awarded $1 Billion in Defamation Case

Tue, 12/03/2013 - 3:55pm
A Florida jury has awarded the home builder $1 billion in its civil lawsuit against a developer who Lennar alleges ran a smear campaign against it.
Categories: Financial News

EU Fines in Rate Case Expected Within Days

Tue, 12/03/2013 - 2:41pm
European antitrust authorities are set to hit several banks with heavy fines as soon as Wednesday for allegedly colluding to rig interbank lending rates, people familiar with the matter said.
Categories: Financial News

Witness in SAC Trial Names Sources

Tue, 12/03/2013 - 2:19pm
Jon Horvath, a former SAC Capital analyst, named in court two people who he said were sources of illegal stock tips at technology companies.
Categories: Financial News

BJ's: Interested in Hess Gas Stations

Tue, 12/03/2013 - 12:47pm
BJ's Wholesale Club Inc.'s private equity owners have expressed interest in buying Hess Corp.'s gas stations.
Categories: Financial News

Iraq Nears Deal on Oil Output Targets

Tue, 12/03/2013 - 12:27pm
Oil minister says Iraq is close to agreeing to sharp cuts in production targets with major Western oil companies
Categories: Financial News

CFTC Will Meet Dec. 10 to Vote on Volcker Rule

Tue, 12/03/2013 - 12:24pm
The Commodity Futures Trading Commission will vote next Tuesday on the rule, which aims to prevent banks from making risky bets known as proprietary trading.
Categories: Financial News