Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.
The strategy by the Swiss bank UBS to slash risky assets by almost half and pay its first dividend since the financial crisis has the full backing of Axel Weber, its newly crowned CEO Sergio Ermotti said in a Swiss newspaper on Sunday.
A Procter & Gamble Co. representative said former company CEO John Smale, 84, died Saturday in Cincinnati. No immediate details regarding his death were revealed.
The 10-day-long Los Angeles Auto Show began Friday at the Los Angeles Convention Center, with more than a thousand cars on display, including concept and ecofriendly vehicles.
Audi has confirmed a top-caliber international driver line-up for the 2012 Armor All Bathurst 12 Hour race, confirming the return of two of the three drivers from the winning combination this year.
Regeneron Pharmaceuticals Inc.'s Eylea (aflibercept) has been approved for marketing by the U.S. Food and Drug Administration in the treatment of wet age-related macular degeneration.
Maybe Victoria's Secret should just stick to bras and panties as the lingerie company flubbed its latest T-shirts, mixing up rival Michigan schools.
At least two Goldman Sachs Group Inc executives face potential interviews under oath in connection to Rajat Gupta case.
LivingSocial, an online-deals provider, is looking to raise nearly $200 million from new and old investors, The New York Times reported Friday.
Kingfisher Airlines slipped in market share to the third position in October, ceding ground to budget airline IndiGo.
Citigroup, BNP Paribas and UBS all announced job reductions in this week.
The Tribune Co., owner of the Chicago Tribune and Los Angeles Times newspapers, has filed a third reorganization plan with the U.S. Bankruptcy Court in Delaware as the media company attempts to address concerns raised by the court last month.
McDonald's has stopped buying eggs from the company Sparboe Farms following a video that was released showing animal cruelty and a lack of attention to food safety rules.
A raft of bidders -- JPMorgan Chase & Co. among them -- is lining up for failed brokerage MF Global Holdings Ltd.'s stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace for creditors.
The Central Bureau of Investigation (CBI) on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government.
Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 percent stake back to the Japanese carmaker.
Coach Inc., a New York-based designer and marketer of luxury accessories, is planning major forays into China. The company's aim is to make the country its biggest market by 2014.
Hisashi Mori, an ex-vice president of Japan's disgraced Olympus Corp., has been questioned by Japanese prosecutors on a voluntary basis as part of an investigation into an accounting scandal at the 92-year-old firm, media said Saturday.
A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.
Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.
Goldman Sachs Group Inc. has promoted 261 employees to managing director positions, according to an internal memo sent this week. It is the lowest number since 259 were promoted to similar positions in 2008.
Merrill Lynch has agreed to pay $315 million to settle a class action filed against it on behalf of investors in 18 mortgage-backed securities trusts, according to Reuters.
As much as 300 barrels a day may have leaked from the seeps caused by the company's drilling, says Brazil's environmental protection agency.
Shares of Clearwire Corp. fell as much as 31 percent after the company said it may skip its massive debt payment on Dec.1.
United Parcel Service Inc. (NYSE: UPS) plans to increase 2012 rates by 4.9 percent for ground package shipping, air shipping and, U.S.-origin international shipments, the company announced Friday. New pricing takes effect Jan. 2, 2012.
India expects to unveil a new telecoms policy in January, the country's telecoms secretary R Chandrasekhar said.
Reliance Industries and BP Plc have formed a joint venture India Gas Solutions to source, market and transport natural gas.
India Inc has lost its swagger. Slowing growth, stubbornly high inflation, rising interest rates have dampened investor and corporate sentiment.
Between next Friday and the following Monday, AT&T is selling some of its devices online for just one cent.
Canadian railroads reported 76,106 carloads for the week ended Nov.12, 2011, up 2 percent compared with the same week last year, and 49,461trailers and containers, down 0.4 percent compared with 2010, according to the Association of American Railroads.
