Procter & Gamble Co
will sell its Pringles potato chips business to Diamond Foods Inc for $1.5 billion in stock, creating a new snack foods giant and freeing the consumer products company to focus on cosmetics and healthcare products.Bailed-out insurer American International Group
is working hard to invest cash it set aside for a failed deal to buy back assets from the Federal Reserve, Chief Executive Bob Benmosche said on Tuesday.New international bank capital standards are excessive and may impede economic growth, JPMorgan Chase Chief Executive Jamie Dimon warned on Tuesday
U.S. stocks advanced on Tuesday as a large acquisition helped lift positive sentiment and offset another rate hike in China.
Credit rating agency Moody's cut Portugal's sovereign debt by one notch on Tuesday, saying it believed an incoming government would need to seek financing support from the European Union as a matter of urgency.
Blockbuster Inc has received five qualifying bids at a bankruptcy auction that will determine whether the movie rental chain will stay in business or shutter its roughly 1,700 remaining stores, a lawyer for the company said.
Australia intends to reject Singapore Exchange Ltd's
proposed $7.8 billion bid for Australia's ASX Ltd on national interest grounds, underscoring the political challenges facing other cross-border exchange deals.China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March.
U.S. stocks were little changed on Tuesday as an interest rate hike in China and weaker Apple shares were offset by positive sentiment from the latest deal news.
German business software company Software AG will pursue more acquisitions and is seek to expand its cooperation with market leader SAP AG , its chief executive said on Tuesday.
U.S. stock index futures fell on Tuesday after China, a main source of global growth, raised its interest rates, while Apple shares fell after the stock's weight in a widely followed index was cut.
Texas Instruments agreed to buy National Semiconductor, a deal that combines two industry leaders in analog semiconductors.
U.S. stock index futures fell on Tuesday after a slide in Apple Inc, which had its weighting cut in a rebalancing of shares in the Nasdaq 100, forcing some to sell the iPhone maker's stock.
Google has a crisis response team working round the clock monitoring the emergencies and coming out with unique applications to cater the affected people anywhere in the world. Person finder was launched within 72 hours of earthquake hitting Haiti. For New Zealand it didn’t take more than three hours, and for Japan, it was just two hours.
Australia plans to reject Singapore Exchange Ltd's
proposed $7.8 billion bid for Australia's ASX Ltd on national interest grounds, underscoring the political challenges other major cross-border exchange deals are facing.Australia intends to reject Singapore Exchange Ltd's
proposed $7.8 billion bid for Australia's ASX Ltd on national interest grounds, underscoring the political challenges other major cross-border exchange deals are facing.Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.8 percent at 3:52 a.m. EDT.
Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures down 0.8 percent at 3:52 a.m. EDT.
The Securities and Exchange Commission sought information from Bank of America Corp last year about the loan-loss reserves used to repurchase faulty home loans, company filings showed.
Targeted cyber attacks will pose a growing threat to companies around the world this year after the Stuxnet worm hit Iran's nuclear program in 2010, security software maker Symantec Corp said on Tuesday.
House of Representatives Speaker John Boehner on Monday told fellow Republicans to prepare for a government shutdown, undercutting optimism that progress is being made on a deal that would keep the government running.
The Federal Trade Commission is considering an antitrust investigation of Google Inc's dominance of the Web search industry, Bloomberg reported on Monday, citing two people familiar with the matter.
More U.S. companies, including Target Corp and Marriott International, came forward on Monday to tell their customers that their names and email addresses had been exposed in a massive online data breach.
More U.S. companies, including Target Corp and Marriott International, came forward on Monday to tell their customers that their names and email addresses had been exposed in a massive online data breach.
A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday.
The jury in the high-profile Raj Rajaratnam insider trading trial heard plenty of racy language on phone taps on Monday, even though the judge had deleted portions as being too risque.
The United States will hit the legal limit on its ability to borrow no later than May 16, Treasury Secretary Timothy Geithner said on Monday, ramping up pressure on Congress to act to avoid a debt default.
Google Inc's Larry Page is back in charge of the company he founded a decade ago and, while some investors are uneasy about his credentials, they hope he will breathe new life into the Internet search giant.
A judge made the high-profile insider trading trial of Galleon Group hedge fund founder Raj Rajaratnam less risque on Monday, deleting portions of phone taps to be heard by the jury.
Securities regulators are probing Chinese and other foreign companies with questionable accounting practices that have used backdoor methods to access U.S. capital markets, a top regulator said on Monday.
