Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a last chance European Union summit failed to convince markets.
Lee Enterprises Inc , which publishes 48 daily newspapers including St. Louis Post-Dispatch, filed for Chapter 11 bankruptcy protection to refinance nearly $1 billion in debt, as newspapers struggle with falling advertisement dollars and dwindling readership.
Martin Marietta Materials Inc launched a hostile $4.8 billion all-stock offer to buy larger rival Vulcan Materials Co in a bid to build the world's largest producer of sand, gravel and other construction materials.
Epam Systems Inc, an IT services provider with operations in Russia, is aiming to move ahead with its planned U.S. initial public offering in the first quarter of next year, two sources familiar with the situation said on Monday.
The world is forecast to grow hotter, sea levels to rise, intense weather to wreak even more destruction and the new deal struck by governments in Durban to cut greenhouse gas emissions will do little to lessen that damage.
Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.
Pfizer Inc
, the world's biggest drugmaker, named Chief Executive Ian Read to the additional post of chairman and authorized buying back company stock for up to $10 billion.
Ron Paul's 2012 presidential aspirations are hurt by his foreign policy stance. Or so say the polls.
Investors were bracing for a possible mass downgrade of euro zone countries as soon as this week after EU leaders failed to come up with decisive measures to tackle the region's debt crisis.
China's natural gas industry is still developing, but with almost twice the shale gas reserves of the U.S., industry players this side of the Pacific are starting to worry.
New Jersey Nets owner and Russian billionaire Mikhail Prokhorov is planning a presidential run-against Vladimir Putin in the March 2012 Russian Presidential election. For the first time the United States now faces a frightening billionaire gap.
Here we go again: Donald Trump is ridiculously inflating his influence on the Republican presidential campaign. Trump, whose Dec. 27 debate was snubbed by five out of seven candidates last week, is now claiming that he has changed the entire direction of the race.
Stocks tumbled on Monday, as concerns about Europe returned to the forefront after major credit ratings agencies warned that European leaders had not done enough to tackle the region's debt crisis.
A new attack ad on Massachusetts U.S. Senate candidate Elizabeth Warren mistakenly frames the well-known liberal as a friend to Wall Street bankers.
Occupy Wall Street roared back to life on the streets of Lower Manhattan Monday morning in a protest that coalesced with 17 arrests in the Winter Garden of the World Financial Center.
Orson Welles' Oscar for writing Citizen Kane -- regarded as one of the best films ever made -- is going up for auction again later this month in a hot market for Hollywood memorabilia.
There’s nothing quite like home ownership. However, given a glut of housing in the U.S. stemming from market speculation and other factors, prospective home buyers need to carefully evaluate their decision to purchase.
A survey published Monday by Bank of America Merrill Lynch found a majority believe the U.S. economy will fare worse off next year, yet only 7 percent believe this will force them to lay people off
It may be a little longer until a global BBC iPlayer launches in the U.S, but the app is already extending its reach in Europe and Canada as it now streams on the iPad, iPhone and iTouch.
Pfizer Inc
, the world's biggest drugmaker, on Monday authorized up to $10 billion worth of additional stock repurchases and raised its quarterly dividend by 10 percent.
Struggling telecom network equipment maker Nokia Siemens Networks has agreed to sell its fixed-line Broadband Access business unit to U.S. firm Adtran as part of a revamp of its operations.
Shares of Pfizer (NSYE: PFE) were trading Monday after the news down 1.17 percent, or 23 cents, to $20.32 at 3 p.m. Eastern Time. The stock was among the most actively traded on the NYSE. But the market as a whole was trading down on concerns that the latest Eurozone plan won't help the continent avert financial crisis.