AMB Property Corp struck a deal to buy rival ProLogis for $8.7 billion in stock, combining the two largest U.S. owners of warehouse and distribution centers in one of the biggest real-estate transactions since the financial crisis.
Bank of America Corp senior executives will not get cash bonuses for 2010 and Chief Executive Brian Moynihan will not receive a base salary increase in 2011, according to a securities filing on Monday.
Stocks rose on Monday on strong earnings and signs of a strengthening economy, even as a surge in the price of oil highlighted the potential for increased political risk in the Middle East to upset markets.
Gold fell on Monday, notching its first monthly decline in six months, as strong U.S. factory and spending data coupled with fading worries about the euro zone debt crisis put a damper on the metal's rally.
Stocks rose on Monday on strong earnings and signs of a strengthening economic recovery, although a surge in the price of oil highlighted the increased political risk in the Middle East.
The largest U.S. money-market funds reported shadow prices at $1 per share or more on the first day of a new federal reporting requirement, an outcome that analysts said should reassure investors shaken by the ride some funds took during the financial crisis.
AMB Property Corp struck a deal to buy rival ProLogis for $8.7 billion in stock, combining the two largest U.S. owners of warehouse and distribution centers in one of the biggest real-estate transactions since the financial crisis.
Jackson Hewitt Tax Service Inc sued H&R Block Inc to stop a new advertising campaign that it said misleads customers about tax refund loans and disparages Jackson Hewitt's competence.
Factory activity in the U.S. Midwest hit a 22-1/2 year high in January as orders surged and employment prospects brightened, providing a fresh signal that the economy would stay on a solid growth path this year.
Stocks rose on Monday on healthy earnings and signs of a strengthening economy, even as a surge in the price of oil highlighted the potential for increased political risk in the Middle East to upset markets.
The U.S. economy is recovering, but the speed of improvement should not be overstated and it is too early to declare victory, a top Federal Reserve policy-maker said on Monday.
Banks were the most optimistic in years as 2011 began that they will not have to write off as many bad business and consumer loans this year, a survey issued by the Federal Reserve showed on Monday.
Google Inc's Android dethroned Nokia's Symbian as the global leader in smartphone software during the last quarter of 2010, ending a reign that began with the birth of the industry a decade ago.
A measure of factory activity in the U.S. Midwest rose to a 22-1/2 year high in January on strong orders and employment prospects, bolstering hopes the economy would stay on a solid growth path this year.
Israeli mobile chip company Ceva forecast strong growth in 2011 after higher phone sales by customers like Nokia and Samsung <005930.KS> helped drive it to a record profit in 2010's final quarter.
Goldman Sachs Group Inc vice president Fabrice Tourre lost his bid to delay depositions in a U.S. regulator's lawsuit accusing him of misleading investors about a product linked to subprime mortgages.
U.S. stocks were set for a higher open on Monday as merger activity and solid earnings, including Exxon Mobil, overshadowed concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
Baidu Inc's fourth quarter earnings could provide the catalyst for the Chinese search engine's shares to break out of their near five-month range.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
AMB Property Corp has struck a deal to acquire rival ProLogis in one of the biggest real-estate deals since the financial crisis, creating the largest U.S. owner of warehouse and distribution centers.
Facebook expanded its shopping discount service to five European countries and Canada on Monday, part of its push to help brands communicate with its users.
Google's Android dethroned Nokia's Symbian as the most popular smartphone platform in the last quarter of 2010, ending a reign that began with the birth of the industry 10 years ago.
U.S. stocks were little changed on Monday as merger activity and solid earnings, including Exxon Mobil, offset concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
U.S. stock index futures were little changed on Monday as the potential for spreading geopolitical tremors in the Middle East caused investors to exercise caution.
[Gold] buying continued on fears the unrest in Egypt will spread across the Middle East, says Richcomm Global Services in Dubai. But Asia's gold market is less sensitive to what happened in Middle East compared to New York, said a Hong Kong dealer in a note this morning.
Google's Android dethroned Nokia's Symbian as the most popular smartphone platform in the last quarter of 2010, ending a reign that began with the birth of the industry 10 years ago.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
Macau casino magnate Stanley Ho has dropped a lawsuit against family members in the latest twist of a dynastic tussle over the ailing octogenarian tycoon's multi-billion dollar empire.
