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Updated: 19 min 38 sec ago

ABC News President to Depart

Tue, 09/07/2010 - 12:00am
ABC News President David Westin said that he would step down at the end of the year after more than 13 years on the job.
Categories: Investment News

Bankruptcy Court Is Traders' Battleground

Mon, 09/06/2010 - 11:00pm
Traders in the beaten-down bonds and loans of troubled companies have turned bankruptcy court, which was created as a place for ailing firms to heal, into a venue for large investors to apply their sophisticated techniques in quest of profits.
Categories: Investment News

Airgas Bid Raised By Suitor

Mon, 09/06/2010 - 10:08pm
Air Products & Chemicals raised its cash offer for smaller rival Airgas to $65.50 a share, or $5.48 billion, in its hostile takeover bid.
Categories: Investment News

Medical Journal Urges U.K. to Pull Avandia

Mon, 09/06/2010 - 10:03pm
The British Medical Journal said diabetes drug Avandia should be withdrawn from sale. But GlaxoSmithKline said it has extensive documentation of the drug's benefits.
Categories: Investment News

Where's the Appetite for Risk?

Mon, 09/06/2010 - 9:48pm
From stocks to bonds to commodities, the question is when investors will want to take on more risk. Was last week's run-up, the Dow Industrials' best pre-Labor Day week in two decades, the start of a fall rally or just another surge to be followed by an equivalent decline?
Categories: Investment News

Deals Offer Dell Multiple Paths to Goal

Mon, 09/06/2010 - 9:44pm
After losing out to H-P last week in its bid to acquire storage maker 3PAR, Dell has other options as it looks to expand beyond its core personal-computer business.
Categories: Investment News

Global Hiring Imbalance

Mon, 09/06/2010 - 9:17pm
Companies in developing nations plan to sharply increase hiring in the fourth quarter, but in the U.S. and across Europe intentions are muted, according to a Manpower survey.
Categories: Investment News

Challenges Cloud German Reactor Plan

Mon, 09/06/2010 - 7:30pm
Germany's government and energy utilities ended months of wrangling and agreed to extend the life of the country's nuclear-power plants, but popular resistance and possible legal challenges cloud the fate of the deal.
Categories: Investment News

Hyundai Bidding War Looms

Mon, 09/06/2010 - 7:02pm
The sale of Hyundai Engineering will pit two former sister companies against each other. A deal could fetch $3 billion for the construction firm's creditors.
Categories: Investment News

EU Seeks Consensus on Bank Levy

Mon, 09/06/2010 - 6:49pm
Ways to protect taxpayers from bearing the cost of any future banking crisis will top the agenda at a meeting Tuesday of European Union finance ministers.
Categories: Investment News

Larger Bounties Spur Surge in Fraud Tips

Mon, 09/06/2010 - 6:41pm
New awards for informants who help the SEC uncover fraud are already prompting a surge in tips.
Categories: Investment News

Euro, Sterling Weaken

Mon, 09/06/2010 - 6:32pm
The euro gave up early gains as optimism over last week's better-than-expected U.S. nonfarm payrolls faded and investors eyed a packed calendar of central-bank meetings.
Categories: Investment News

Obama Unveils Infrastructure Plan

Mon, 09/06/2010 - 5:40pm
Obama unveiled a new $50 billion proposal to improve the nation's highways, airports and railways – the latest attempt by the administration to jump-start the sputtering economy.
Categories: Investment News

'The American' Tops Box Office

Mon, 09/06/2010 - 5:10pm
George Clooney's "The American" shot past rivals at the box office over the Labor Day holiday weekend.
Categories: Investment News

Afghans Move to Bail Out Kabul Bank

Mon, 09/06/2010 - 3:52pm
Afghanistan's government inched closer to bailing out the country's largest bank, setting aside hundreds of millions of dollars that could be used to keep Kabul Bank solvent, officials said.
Categories: Investment News

European Markets Rise in Light Trade

Mon, 09/06/2010 - 3:38pm
European stocks closed higher. The Stoxx Europe 600 posted its fourth gain in five sessions as RWE and E.ON each gained 1.8%.
Categories: Investment News

U.K. Medical Journal Questions Avandia License

Mon, 09/06/2010 - 3:34pm
The British Medical Journal said GlaxoSmithKline's diabetes drug should never have been licensed and should be withdrawn from sale, a claim the company rejected.
Categories: Investment News

U.S. Plans to Deploy Broader Mortgage Aid

Mon, 09/06/2010 - 2:40pm
The Obama administration on Tuesday will launch its most ambitious effort at reducing mortgage balances for homeowners that owe more than their homes are worth.
Categories: Investment News

German Banks Warn of Basel III Costs

Mon, 09/06/2010 - 2:12pm
Germany's 10 largest banks may need as much as $135.4 billion in extra capital under new international regulatory standards, the Federal Association of German Banks said.
Categories: Investment News

Petraeus Slams Plan to Burn Qurans

Mon, 09/06/2010 - 1:08pm
Gen. Petraeus, the top U.S. commander in Afghanistan, said the planned burning of Qurans on Sept. 11 by a Florida church could put the lives of American troops in danger and damage the war effort.
Categories: Investment News