China sacrifices growth to satiate inflation dragon
If inflation is a dragon that must be slain, China's Premier Wen Jiabao has shown he is willing to sacrifice a part of the country's most vital asset to do so -- growth.
Glencore bidding for grain handler Viterra: report
Commodities and mining giant Glencore has made a 3.5 billion pound (US$5.5 billion) approach for Canada's biggest grain handler Viterra, Britain's Sunday Telegraph newspaper said on its website on Saturday.
Nardelli resigns from operating roles at Cerberus
Robert Nardelli, the former head of Chrysler and Home Depot, has stepped down from his operating roles at Cerberus Capital Management LP, the private equity firm said this week.
Customers pre-ordering latest iPad will have to wait
People pre-ordering Apple Inc's new iPad to avoid the release-day crowds at the company's retail stores will have to wait longer to get their hands on the devices.
Siemens CFO blasts NSN German job cut plan: paper
Siemens finance chief Joe Kaeser has blasted the way joint venture Nokia Siemens Networks was handling planned job cuts in Germany and called on it to hold talks with labor.
Top-rated nations have bigger say in Juncker succession
Euro zone countries with a top credit rating might have a bigger say in talks to replace Jean-Claude Juncker as chairman of the bloc's finance ministers, a Greek newspaper quoted German Finance Minister Wolfgang Schaeuble as saying on Saturday.
Web giants' consumer privacy strategy faces hard sell
Emboldened by their victory in quashing online piracy legislation, U.S. Internet companies are gearing up for a battle over whether consumers should be able to restrict efforts to gather personal data.
Import surge sends China trade to decade-deep deficit
China's trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop.
China Feb trade deficit at $31.5 billion as imports leap
China chalked up its largest trade deficit in at least a decade in February at $31.5 billion, as imports soared 39.6 percent on a year earlier at more than twice the pace of export growth, leaving analysts cautious about seasonal distortions to trade activity.
China has $31.5 billion Feb trade deficit as imports soar
China chalked up a $31.5 billion trade deficit in February, its largest in at least a decade, as exports and imports rebounded from a seasonal slowdown caused by Lunar New Year holidays, customs data showed on Saturday.
Government to seek court approval of $25 billion mortgage pact
A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday.
Apple's new iPad making waves in video game market
Apple Inc's faster and sharper-looking new iPad is drawing the notice of the traditional video game industry, as developers are envisioning games for it that have more in common with the visceral 3D shooter Call of Duty than FarmVille.
Apollo's Black gets $104 million in distributions, pay
Apollo Global Management LLC co-founder Leon Black will take home $104.2 million in 2011 dividends, salary and share of profits from the private equity firm, more than twice what he got in 2010, thanks to the firm's record investment payouts.
Government nixes tentative $1 billion settlement with J&J: WSJ
Federal prosecutors in Washington, D.C. have nixed a tentative $1 billion settlement with Johnson & Johnson, holding out for a bigger settlement with the drugmaker for alleged improper marketing of its Risperdal schizophrenia drug, the Wall Street Journal said.
GE's Immelt sees long period of unstable economies
General Electric Co will keep its focus on boosting its dividend and improving margins as it faces what Chief Executive Jeff Immelt expects to be an extended period of economic instability.
''Kony 2012'' director answers critics of video
The director of a video sensation that calls for the arrest of Joseph Kony, the fugitive rebel leader of a Ugandan militia group, agreed on Friday with skeptics who have called the film oversimplified, saying it was deliberately made that way.
''Kony 2012'' director answers critics of video
The director of a video sensation that calls for the arrest of Joseph Kony, the fugitive rebel leader of a Ugandan militia group, agreed on Friday with skeptics who have called the film oversimplified, saying it was deliberately made that way.
Greece averts immediate default, markets skeptical
Greece averted the immediate threat of an uncontrolled default on Friday when a sufficient number of private creditors agreed on a bond swap deal that will cut the country's public debt and clear the way for a new bailout.
Regulator approves Cap One: HSBC deal
Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
Job creation heralds stronger recovery
Employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve.
Government sues Buffett's NetJets unit for unpaid taxes
NetJets Inc, a private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc , was sued for $366.3 million by the government to recover unpaid taxes, four months after sued the government for nearly twice as much.
Symantec says hackers released Norton source code
Hackers have published the blueprints to a 2006 version of Symantec Corp's widely used Norton Antivirus software on the Internet, according to the software maker.
Regulators approves Cap One-HSBC deal
Bank regulators approved Capital One Financial's acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
Morgan Stanley banker pleads not guilty in cab driver assault
A senior Morgan Stanley banker pleaded not guilty on Friday to hate crime, theft and assault charges stemming from an incident last December that police say escalated from a dispute over a $200-plus cab fare to a knife attack on the driver.
New York Times paid former CEO $24 million
Former New York Times Co Chief Executive Janet Robinson received a total payout of nearly $24 million after she left the newspaper publisher at the end of last year, according to a regulatory filing on Friday.
Wall Street up on jobs data, brushes off Greek default
Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report.
Hacker combined online attacks with petty crime
A computer hacker-turned-FBI informant known as Sabu combined daring online attacks against governments and major companies with a life of petty crime and drugs, according to a copy of his plea agreement.
Fannie, Freddie regulator slashes executive pay
The regulator for Fannie Mae and Freddie Mac , responding to political pressure, on Friday slashed salaries for the chief executives of the two firms and ruled out bonuses for many top executives.
Exclusive: Google leans on developers to use payment service
Google Inc has been pressuring applications and mobile game developers to use its costlier in-house payment service, Google Wallet, as the Internet search giant tries to emulate the financial success of Apple Inc's iOS platform.
Facebook co-founder buys New Republic magazine
Chris Hughes, one of the co-founders of Facebook and a former online strategist for Barack Obama during the 2008 presidential campaign, has purchased a majority stake in The New Republic, the magazine said on Friday.