Major League Baseball has placed restrictions on the resale of debt issued by its teams in a bid to protect the New York Mets from being squeezed by investors, the Wall Street Journal reported on Monday.
Japanese stocks slumped almost 6 percent and to their lowest level in nearly two years and government bond futures rose on Tuesday after a fresh explosion rocked a stricken Japanese nuclear power station and workers were ordered to leave, a sign the situation may be getting more serious.
Disability insurer Aflac Inc fired comedian Gilbert Gottfried as the voice of its iconic duck on Monday after a series of Twitter jokes about the earthquake in Japan, Aflac's most important market.
Privately held toy retailer Toys R Us has canceled a $1.1 billion loan deal that was intended to refinance its debt and reduce borrowing costs, Bloomberg reported on Monday.
Quake-hit Japan faces a recovery and reconstruction bill of at least $180 billion, or 3 percent of its annual economic output, or more than 50 percent higher than the total cost of 1995's earthquake in Kobe.
Though it will take weeks or longer to determine how much was actually lost in the Japanese earthquake and tsunami, investors sold insurance shares on Monday in fear of how high the total will go.
U.S. stocks fell in the aftermath of Japan's devastating earthquake on Monday, but other than specific industries such as nuclear power, the broad impact on equities was expected to be short-lived.
The United States is confident Japan will be able to handle economic challenges in the wake of the earthquake and tsunami, and does not expect the disaster to stall the world's recovery from economic recession, a White House spokesman said on Monday.
Japan's devastating earthquake and tsunami may accelerate the point at which investors potentially lose confidence in the country's finances, Moody's Investors Service said on Monday.
U.S. stocks fell in the aftermath of Japan's devastating earthquake on Monday, but other than specific industries such as nuclear power, the broad impact on equities was expected to be short-lived.
Nasdaq OMX Group Inc is preparing an offer for NYSE Euronext and the bid could come as early as this week, the Wall Street Journal reported on Monday, citing people familiar with the matter.
The euro zone is likely to increase guarantees for its bailout fund to boost its effective lending capacity, Eurogroup President Jean-Claude Juncker said on Monday, but a deal was likely only next week.
Euro zone finance ministers signaled on Monday they would flesh out a deal to bolster their bailout fund over the next week, while Fitch Ratings warned the steps were not enough to resolve Europe's debt crisis.
ST. LOUIS, March 14 - A looming cut to the federal financial-crime agency's budget could cripple state and local investigations that depend on transactions monitored via the anti-money laundering Bank Secrecy Act, worried authorities said.
Stocks fell on Monday as investors shunned risk after Japan's devastating earthquake and tsunami, but the U.S. growth story was seen proceeding on track.
Billionaire Warren Buffett's Berkshire Hathaway Inc struck a deal to buy lubricant maker Lubrizol Corp for $9 billion in a bet on industrial growth in emerging economies.
U.S. stocks fell 1 percent on Monday as the effects of Japan's earthquake and tsunami sparked caution on Wall Street, which is likely to see more volatility in the near term.
U.S. stocks dropped 1 percent on Monday as the effects of Japan's earthquake and tsunami weighed on sentiment on Wall Street, which is likely to experience a high degree of volatility in the near term.
A triple blow of earthquake, tsunami and one of Japan's worst nuclear accidents is set to damage the world's third largest economy, possibly more deeply and for longer than initially expected.
Following a recent blocking of LinkedIn in China, the social Internet network for professionals warned potential investors in its initial public offering that similar incidents in the future could hurt its value.
Euro zone finance ministers met on Monday to work out the details of a deal hammered out by their leaders to bolster their bailout fund and ease the terms on aid to Greece amid a positive reaction from financial markets.
Billionaire Warren Buffett's Berkshire Hathaway Inc struck a deal to buy lubricants maker Lubrizol Corp for $9 billion, betting on a global economic recovery.
A million dollars ain't what it used to be.
Japanese stocks suffered their biggest slide since the 2008 financial crisis Monday, with investors eyeing a further drop as the uncertainty over the country's nuclear crisis compounds worries that the quake and tsunami will cause deeper economic pain than initially thought.
Japan will suffer severe economic costs from Friday's devastating earthquake and tsunami but ratings agencies Moody's and Standard & Poor's said they did not anticipate changing their ratings stances as a result.
World stocks fell to a six-week low on Monday, driven by a 7.5 percent fall in Japanese stocks, while oil tumbled as concerns grew about the economic damage from Japan's earthquake and tsunami.
The economies of the biggest U.S. metropolitan areas began to grow again by the end of last year, but the recovery was slow, uneven and inconsistent and failed to spur much jobs growth, according to a study by the Brookings Institute released on Monday.
Stock index futures fell on Monday as investors worried about the impact of Japan's devastating earthquake and tsunami.
Billionaire Warren Buffett's Berkshire Hathaway Inc agreed to buy lubricants maker Lubrizol Corp for $9 billion to tap rising demand for chemicals used to operate engines and machinery.
U.S. stock index futures fell on Monday as investors worried about the impact of Japan's devastating earthquake and tsunami.
