Target Corp., the second-largest discount store in the U.S, has agreed to sell a 47 percent stake in its credit-car loans to J.P. Morgan Chase & Co. for $3.6 billion to raise cash for stock buybacks in a deal that was urged by activist shareholder William Ackman.
Microsoft's failure to acquire Yahoo increased pressure on its executive to find better ways of catching up with Google Inc., which is currently leading the Internet advertisement business.
Merck & Co. said Monday it will cut 1,200 U.S. sales jobs in an attempt to save expenses amid the recent rejection of its Cordaptive cholesterol drug last week.
Vietnam plans to buy more electricity from China as local energy supplies vie to keep up with the burgeoning economy.
Crude oil futures rose on Monday to $120 a barrel after another attack in Nigeria rose concerns on tight supplies from the country while the dollar fell and U.S. economic data showed demand may not be as weak as expected.
Gold futures rose on Monday, rebounding from posting losses in three consecutive weeks, as the dollar dropped against the euro and crude oil hit a new record.
U.S. stocks fell as Yahoo dropped the most in almost two years after Microsoft Corp. abandoned its $50 billion bid for the company and Countrywide Financial Corp. tumbled on concern its suitor will abandon its pending takeover.
Corn and Soybeans declined on Monday as farmers increased planting of the two crops boosted by average rainfall that brought favorable planting conditions.
Amzazon.com sued the state of New York, challenging it for the new statute that requires Internet retailers based outside New York to collect New York sales taxes.
Dollar strengthened against the euro on Friday after government report showed the U.S. economy shed just 20 000 jobs in April fewer than economists had expected.
Warren Buffet, the billionaire investor who heads Berkshire Hathaway Inc believes the U.S. dollar will continue to be weaker versus other currencies and was happy to invest in firms which didn't earn income in dollars.
Demand for U.S. Treasury notes fell on Friday after an unexpectedly small decline in jobs reduced concern over a deep and prolonged recession, cutting demand for U.S. debt.
Soaring food prices have shaken U.S. politicians' love affair with ethanol, but lawmakers are unlikely to adjust mandates for a five-fold boost in biofuel until after the November presidential election.
Toyota Motor Corp. will recall more than 90,000 Highlander sport utility vehicles in the U.S. since a safety regulator noticed the seatbelts fail to secure child seats.
Microsoft Corp. intensified talks with Yahoo Inc. as it may raise its original $31-a-share Friday in a last-minute effort to reach a friendly agreement, according to media reports.
Marvel Entertainment Inc's prospects are rising as investors lifted the company's stock on expectations of strong box-office results for its Iron Man film.
Copper futures recovered on Friday from a sell-off the previous day and but gained support by better than expected jobless data and factory orders in the United States. Prices also rose amid worries on short supplies from top exporter Chile.
Gold futures edged higher on Friday after recovering from earlier losses on a stronger dollar while posting a weekly loss of nearly $32 an ounce.
Wheat increased again for the first time in four days boosted by concerns that importers will increase purchases from the U.S.
U.S. stocks retreated on Friday after Sun Microsystems Inc.'s disappointing results weighted on the technology sector and surging oil prices overshadowed a better-than-expected April jobs report.
Oil prices rose after four days of declines as the U.S. government released better than expected jobs data and as Turkey attacked Kurdish rebels in Northern Iraq near a rich oil field.
Home retailer Linens Holding Co., the operator of Linens 'n Things filed for Chapter 11 bankruptcy Friday, blaming declines in the housing market and in consumer spending.
