| Brazil Hedges on Carrefour Deal Posted: 01 Jul 2011 07:11 PM PDT Brazil's government appeared to step back from a controversial plan to merge Brazil's biggest supermarket chain Pão de Açúcar and French retailer Carrefour.   |
| BofA in New York Cross Hairs Posted: 01 Jul 2011 04:18 PM PDT Attorney General Eric Schneiderman has issued subpoenas seeking new depositions from the bank's CEO and other current and former executives.   |
| St. Joe Subject of SEC Investigation Posted: 01 Jul 2011 05:36 PM PDT A company filing said the Florida property developer and its chairman, Bruce R. Berkowitz, are the subject of a fraud investigation.   |
| ECB Faces Credibility Test Posted: 01 Jul 2011 05:55 PM PDT The European Central Bank will face a test of its credibility in the coming weeks if it is forced to decide whether to cut Greek banks off from its funding facility.   |
| GoDaddy Bought By KKR, Others Posted: 01 Jul 2011 04:12 PM PDT GoDaddy Group a closely-held company that registers Internet domain names, agreed to be bought by private-equity firms KKR, Silver Lake and Technology Crossover Ventures.   |
| Times Co. Sells Part of Stake in Red Sox Posted: 01 Jul 2011 03:56 PM PDT New York Times Co. sold more than half of its 17% stake in the holding company of the Boston Red Sox to three separate buyers for $117 million in cash.   |
| Google Hires 12 Lobbying Firms Amid FTC Probe Posted: 01 Jul 2011 02:28 PM PDT Google has hired a dozen lobbying firms as it looks to defend itself in an antitrust probe from critics who say the Internet company has abused its position as the dominant player in Web searching and online advertising.   |
| SEC Postpones More Swaps Rules Posted: 01 Jul 2011 12:52 PM PDT U.S. securities regulators temporarily suspended more swaps rules set to take effect this month in an effort to prevent market confusion.   |
| Subprime Mortgage Index Soars Posted: 01 Jul 2011 01:03 PM PDT A bellwether index of subprime mortgage bonds surged after the New York Fed suspended auctions from its Maiden Lane II portfolio of mortgage securities acquired in the AIG bailout.   |
| Virtual Farms, Rich Harvest Posted: 01 Jul 2011 04:28 PM PDT Facebook games maker Zynga filed for an initial public offering in a deal that could value it as high as $20 billion.   |
| Exxon Seeks to Overturn $1.5 Billion Verdict Posted: 01 Jul 2011 03:58 PM PDT Exxon Mobil said it hopes to overturn on appeal a verdict that included $1.5 billion in damages handed up by a Maryland jury this week for an underground gasoline leak.   |
| Court Rules Fate of Yucca Site Rests With Regulators Posted: 01 Jul 2011 01:47 PM PDT An appeals court ruled that a decision on a proposed nuclear-waste dump in Nevada still rests with U.S. regulators, handing a victory, at least for now, to the Obama administration and other opponents of the Yucca Mountain site.   |
| WaMu Settles Class-Action Suit Posted: 01 Jul 2011 05:26 PM PDT Washington Mutual agreed to settle a consolidated shareholder class-action lawsuit for $208.5 million, putting behind it one chunk of the failed thrift's litigation issues.   |
| U.S. Auto Sales Remain Subdued Posted: 01 Jul 2011 07:38 PM PDT U.S. auto sales remained sluggish in June for the second straight month as short supplies of small cars from Japan and economic concerns continued to weigh on consumer demand.   |
| Strauss-Kahn's House Arrest Ends Posted: 01 Jul 2011 10:31 AM PDT Former IMF leader Dominique Strauss-Kahn was released from house arrest Friday amid new revelations about his accuser in an alleged sexual assault, but criminal charges weren't dismissed.   |
| Manufacturing Picked Up in June Posted: 01 Jul 2011 04:52 PM PDT The U.S. manufacturing sector expanded briskly in June, according to data released Friday by the ISM. Price pressures lessened.   |
| H-P Girds for Battle Posted: 01 Jul 2011 08:16 AM PDT Friday will be a key test for Hewlett-Packard as it aims to launch its first tablet computer to rival Apple's iPad.   |
| NBA Owners Lock Out Players Posted: 01 Jul 2011 08:01 AM PDT NBA owners locked out their players Friday after labor negotiations collapsed, threatening the upcoming basketball season.   |
| Minnesota Government Shuts Down Posted: 01 Jul 2011 05:40 AM PDT Minnesota encountered its second government shutdown in six years as Democratic Gov. Mark Dayton and GOP lawmakers failed to compromise on closing the state's $5 billion budget gap.   |
| EU to Delay on New Greece Bailout Posted: 01 Jul 2011 05:10 PM PDT Euro-zone finance ministers are considering giving themselves more time, possibly until September, to agree on a second bailout package for Greece and define how to involve private creditors, people familiar with the matter said Friday.   |