Asia Up on Oil Retreat Posted: 03 Mar 2011 07:50 PM PST Asian stock markets posted solid gains, with the Nikkei up 1.4%, cheered by Wall Street's charge higher and a retreat in oil prices. |
Boehner Aims to Tame Benefits Programs Posted: 03 Mar 2011 05:13 PM PST House Speaker John Boehner said that he's determined to offer a budget this spring that curbs Social Security and Medicare, despite the political risks, and that Republicans will try to persuade voters that sacrifices are needed. |
NFL, Union Extend Labor Talks Posted: 03 Mar 2011 07:03 PM PST NFL owners and the players union agreed to a 24-hour extension of their collective-bargaining agreement, putting off for now a potential season-threatening lockout. |
Forex Firms Slump After IPOs Posted: 03 Mar 2011 07:46 PM PST Retail demand to trade currency is yielding a bonanza for online brokers, and few are as well positioned to benefit as Gain Capital and FXCM. But their bid to dominate has faced headwinds. |
Renault Has Doubts in Espionage Case Posted: 03 Mar 2011 07:50 PM PST A top Renault official said the company is no longer certain that its electric-car development efforts were the target of corporate espionage, throwing doubts on a high-profile case. |
Beazer CEO to Return Incentive Pay in Settlement Posted: 03 Mar 2011 04:36 PM PST Beazer Homes' CEO agreed in a settlement with the SEC to repay $6.5 million and return tens of thousands of company shares he got while Beazer was filing allegedly fraudulent financial statements. |
Web Video Rivalry Sparks U.S. Probe Posted: 03 Mar 2011 06:40 PM PST The Justice Department is investigating whether a group representing some top technology firms is unfairly trying to smother a free online-video technology backed by Google. |
Billionaires Feud in Mexico Posted: 03 Mar 2011 04:00 PM PST Three of Mexico's most prominent billionaires—who were once a cozy group of amigos protecting each other's backs—are now battling over how to divvy up the country's $35-billion-a-year telecommunication and TV-broadcast market. |
Brazilian Firm Under Scrutiny in Probe Posted: 03 Mar 2011 06:25 PM PST Brazilian authorities are investigating a possible fraud at a São Paulo financing company partly owned by a Goldman Sachs Group vice president. |
Windfall for HCA Investors Posted: 03 Mar 2011 07:32 PM PST Bain Capital,Kohlberg Kravis Roberts & Co., Bank of America Corp. and the brother of former Senate Majority Leader William Frist are each in line to make nearly $3 billion from $1.2 billion investments in the 2006 leveraged buyout of hospital chain HCA Holdings Inc. |
AT&T Tweaks Data Plan for iPad 2 Posted: 03 Mar 2011 06:08 PM PST AT&T is adding a postpaid billing option for tablet customers, though its pricing is largely unchanged: $15 or $25 a month based on data usage. |
Madoff Trustee, 'Net Winners' Face Off Posted: 03 Mar 2011 07:48 PM PST Former investors of Madoff and a trustee recovering money after his giant Ponzi scheme argued before an appellate panel over who constitutes a victim entitled to claim losses in the fraud. |
John Hancock Sued Over Policy Purchase Posted: 03 Mar 2011 03:59 PM PST A big buyer of life-insurance policies on the secondary market has sued Manulife Financial's John Hancock unit, accusing it of interfering with a planned purchase of a $1 million policy. |
BP Denies Bonuses to Top Executives Posted: 03 Mar 2011 05:32 PM PST Criticized for its handling of the Gulf of Mexico oil spill, BP's board denied bonuses to three executives responsible for operations during the Gulf of Mexico oil-well disaster. |
U.S., Mexico Agree to Settle Truck Feud Posted: 03 Mar 2011 07:25 PM PST The U.S. and Mexico unveiled a deal to resolve a longstanding dispute over cross-border trucking, an agreement that could help ease tense relations between the two neighbors. |
Portugal Plans Bond Issue, Buyback Posted: 03 Mar 2011 11:08 AM PST Portugal's Treasury and Government Debt Agency said that it will buy back some government bonds and issue new debt worth €750 million ($1.04 billion) to €1 billion on Wednesday. |
Portugal May Have €4 Billion Cash Posted: 03 Mar 2011 08:46 AM PST Portugal had about €2 billion in cash at the end of 2010, an official of the country's debt-management office said. Fresh borrowing and other public transactions suggest Portugal has this year likely increased that number to around €4 billion. |
Tablets Sapping Demand for PCs Posted: 03 Mar 2011 04:09 PM PST Consumer demand for Apple's iPad and other tablet computers is sapping demand for traditional laptop computers, research firm Gartner said as it reduced its forecast for global PC shipments. |
Bombardier Reaches Deal in China Posted: 03 Mar 2011 03:44 PM PST Bombardier has signed an $8 billion aircraft-leasing pact with ICBC Financial Leasing and ICBC's major shareholder, Industrial Commercial Bank of China. |
UBS Loses Asia Dealmaker Posted: 03 Mar 2011 01:53 PM PST UBS lost one of its top Asia dealmakers to Bank of America-Merrill Lynch, the latest in a series of defections that has rivals hoping they can dethrone the region's longtime No. 1 bank. |