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news aggregatorSeptember 2, 201022:13
Fed chief Ben Bernanke told a panel that he had no options to prevent Lehman Brothers' failure in September 2008 even though he knew its downfall would be "catastrophic."
Source: Business News
Categories: Business
21:32
Japan is pioneering the use of cameras and sensors to glean more information about who is looking at signs and electronic public displays, and is incorporating cellphone technology to make them more interactive.
Source: Business News
Categories: Business
20:22
TV shows are emerging as a new front in the war over digital media between Amazon.com and Apple amid their ongoing battles over electronic books and online music.
Source: Business News
Categories: Business
19:11
Employers passed health-insurance costs onto employees at a sharply higher rate this year, and businesses' premiums grew more slowly than they have in a decade, according to an annual survey.
Source: Business News
Categories: Business
18:21
A slim lead helped spark a global inquiry that found some of Europe's vaunted banks actively evaded U.S. law in aiding sanctioned countries to move $2 billion undetected.
Source: Business News
Categories: Business
18:06
The investment chief of a big Canadian pension fund said he turned down a request to participate in a Chinese-backed consortium interested in launching a counterbid for Potash Corp.
Source: Business News
Categories: Business
18:03
When EU finance ministers assemble next week, an unpleasant reality will be on the agenda: Despite efforts to stabilize the euro zone, yields on the bonds of Europe's wobbliest countries have spent their vacation rising.
Source: Business News
Categories: Business
18:03
When does a company that has made financial disclosures fail to satisfy disclosure requirements?
Source: Business News
Categories: Business
17:52
The U.S. Treasury is concerned about how many overseas investors it should to allow to buy big stakes in General Motors through the car maker's initial public offering this fall, according to people familiar with the matter.
Source: Business News
Categories: Business
17:38
Disney and Time Warner Cable reached an accord after marathon negotiations over a long-term deal that will provide Time Warner Cable subscribers with a wide swath of Disney's programming.
Source: Business News
Categories: Business
17:31
Boeing Co. doesn't plan to finance any of the 787 aircraft due for delivery next year, while one of its largest customers said it needs more clarity on the final delivery schedule before it can approach lenders.
Source: Business News
Categories: Business
17:05
President Hugo Chavez said Venezuela will pay Casino Guichard-Perrachon et Cie SA $600 million for a majority stake in the French food retailer's Cativen unit.
Source: Business News
Categories: Business
15:39
Sunoco Inc. has appointed former General Motors Co. Chief Executive Frederick "Fritz" Henderson to the head the coking division that plans to separate from its core petroleum business in the first half of 2011.
Source: Business News
Categories: Business
15:29
A deal between Brazil's government and oil company Petrobras has removed some doubts that the company can pull off a share sale that could hit $60 billion.
Source: Business News
Categories: Business
14:29
GM's new chief executive, Dan Akerson, said in his first communication with employees that he met recently with the United Auto Workers president and is confident the car maker and union can work together.
Source: Business News
Categories: Business
14:23
Low-priced cigarette maker General Tobacco plans to shut down after failing to make payments owed to states under a massive industry settlement.
Source: Business News
Categories: Business
14:09
An international team of scientists has identified a promising drug candidate that represents an entirely new class of medicines to treat malaria, one of the biggest killers in the developing world.
Source: Business News
Categories: Business
14:01
Abbott pulled the plug on the sale of its European flu-vaccine business when initial bids came in below the company's expectations.
Source: Business News
Categories: Business
13:54
Billionaire investor Ronald Burkle's investment firm on Thursday filed an appeal of the bookseller's anti-takeover defense after a Delaware court last month dismissed Yucaipa Cos.' challenge to the poison-pill plan.
Source: Business News
Categories: Business
13:52
Watch maker Movado said its loss widened significantly on costs from completing the closure of its stores and increased overhead expenses.
Source: Business News
Categories: Business
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