A strange and winding day for the shares of major U.S. financial companies ended as oddly as it began, as shares of major U.S. banks seemed to brush off bad news on sovereign debt ratings that rattled the wider market and shares of five of the biggest financial institutions traded on the New York Stock Exchange ended the session on a sell imbalance.
Former Penn State football coach Joe Paterno and board members of Second Mile, Jerry Sandusky's charity, partnered to develop a $125 million housing project, suggesting Paterno had close business ties with the group, reported the Daily.
Sun Life Financial (SLF.TO: Quote) is cutting about 90 positions after weak market conditions sent the insurer to its first quarterly loss in two years.
WestJet Airlines Ltd, Canada's No. 2 airline, said on Monday its flights in November were not as full as a year earlier and warned delayed holiday bookings would hold back a revenue benchmark in the current quarter.
About 42 percent of employers plan to set higher annual performance targets for executives in 2012 compared to this year, according to a survey conducted by Pearl Meyer & Partners of 190 organizations including publicly traded and privately held companies, along with non-profits.
Visa Inc. (NYSE: V) and the government of Rwanda announced a partnership at a Monday press conference in Kigali, the capital city of Rwanda. Under the agreement, Visa will help the government extend access to financial services to local and international consumers throughout the country.
Investment firm Beacon Capital Partners has closed on an investment in 195 Broadway in Lower Manhattan as part of a $280 million recapitalization of the property, according to city records.
In anticipation of a split into a North American grocery company and a global snacks company by the end of 2012, Kraft Foods Inc. appointed two chief executive officers Monday to lead each of the two companies.
Europe's largest bank is facing a record fine of 10.5 million pounds ($16.4 million) for inappropriately advising over 2,000 elderly customers about bond investment between 2005 and 2010.The bank is also likely to pay another 29.3 million pounds in compensation to victims, according to Reuters.
Break out the bubbly, Michael Kors is going public, with an IPO valued at $3.6 billion.
Businesses decreased their overall orders for factory goods in October for the second straight month, signaling softening manufacturing activities.
EBay (NASDAQ: EBAY) was trading up $1.23, or 4.19 percent, to $30.83 before noon Eastern Time on Monday, in large part because of the report from Kessler. He said he expects this quarter to deliver solid results for eBay in ints marketplace division and PayPal, another division of eBay.
E-Commerce sales on Cyber Monday, as well as the Tuesday and Wednesday afterward topped $1 billion each day, according to comScore.
Police officials believe they are dealing with a single serial killer who will murder again. Without a physical description or any reliable leads, it has become difficult for police to make headway in the case. In situations like these, police officials turn to criminal forensic psychologist and criminal profilers.
U.S. non-manufacturing sector expanded for the 24th consecutive month in November, but at a slightly slower rate, according to a closely watched index released Thursday.
Tech blog InTech-BB on Sunday reported that a group of iOS hackers successfully ported Siri, Apple's virtual personal assistant, to iPhone 4 and iPod Touch 4G.
Coca-Cola Co. defended on Friday the safety of its yogurt drinks sold in northern China, denying there was any link to the death of a child or the illness of three other people who had consumed the drinks, but said it removed the product from shelves in a precautionary move.
A collection of high end cars, including eight Ferraris, were damaged on Sunday night after a Japanese highway crash.
MetLife expects operating earnings to rise as much as 7 percent in 2012, the largest life insurer in the United States said on Monday, though its forecasts for the fourth quarter and full-year 2011 were below expectations.
Deutsche Bank continues to recommend investors to buy into Dell, Inc. (NASDAQ: DELL) and sell Hewlett-Packard, Co. (NYSE: HPQ), saying HP was expensive, compared to Dell on Enterprise Value (EV) and Free Cash Flow (FCF) metrics.
Germany's SAP announced a $3.4 billion cash deal to buy U.S. Web-based software company SuccessFactors, joining the scramble among technology firms to offer cloud-computing services to businesses.
Rockstar entrepreneurs. That's what Internet startups are made of, and I'm sitting across from one of New York's first, Ben Lerer. Seven years ago, Lerer and his college friend Adam Rich started a men's lifestyle brand, Thrillist, born from an idea and $7 domain name. Fast-forward to today: Thrillist is reaching more than four million subscribers daily. It's an astounding number, especially for a city guide email, and Lerer, current CEO of Thrillist, looks back on the company's...
Citing people familiar with the matter, The Wall Street Journal said the new Lehman board will be made up of seven experts in restructuring, real estate and derivatives but they don't have ties with Lehman. They'll reportedly oversee liquidation of billions of dollars in assets so that money can be dispensed among Lehman's many creditors.
Daily deals site Groupon, Inc. (NASDAQ:GRPN) appears on track to produce strong growth in the fourth quarter, driven by an uptrend in billings.
The Centers for Medicare and Medicaid Services issued its final rule on the minimum Medical Loss Ratio (MLR) regulation, including relatively minor technical adjustments and preserving the spirit of the regulation by requiring health plans to spend 80 to 85 percent of premiums on medical costs.
Red Hat, Inc. (NYSE:RHT) continues to gain market share against Microsoft, Corp. (NASDAQ:MSFT), SUSE Linux and Oracle Solaris in the cloud computing space, according to a Wall Street analyst.
Boeing Co launched its six-month world tour of the new 787 Dreamliner jet from Beijing, China on Dec.4, 2011.
The Galaxy Nexus continues to tease U.S. hopefuls after the phone appeared with Verizon's logo at the Samsung Experience in New York City on Saturday.
An expert panel appointed by Japan's Olympus Corp. to look into an accounting scandal at the disgraced firm will release its findings on Tuesday, the Kyodo news agency said in a weekend report. The findings could pave the way for possible criminal complaints.
Twenty-seven years later, the impact from the Bhopal gas disaster is far-reaching as survivors continue to battle health issues, families fight to keep the memories of their loved ones alive, and companies and cities continue to face the fallout from what has been called the worst industrial disaster of our time.
