BofA, Citi added as lead GM IPO underwriters: sources
General Motors Co has added Bank of America Merrill Lynch and Citigroup Inc to the slate of its lead underwriters for its initial public offering
GM completes IPO paperwork, filing expected by Tues: source
General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker, a source familiar with the situation said on Monday.
Nasdaq up as tech shares rebound; concerns linger
The Nasdaq advanced on Monday as investors bought beaten-down technology stocks after a four-day selloff, but concerns about the economy after weak data kept investors wary.
Porsche to meet U.S. fuel standards-exec
Porsche AG will meet strict U.S. fuel economy standards of 35.5 miles per gallon when they go in force by 2016, Detlev Von Platen, the German automaker's North American president
No longer all in the family: Indian businesses step out
When it comes to Indian businesses, The Tata Group is the oldest and best-known: the conglomerate owns the luxury Jaguar car brand, it's made the world's cheapest car, and its chairman, 72-year-old Ratan Tata, oversees an empire that ranges from salt to software.
Autopsy set for U.S. man accused of Craigslist murder
U.S. authorities planned an autopsy on Monday of a man found dead in his Boston prison cell more than a year after being charged with murdering a masseuse he met on Craigslist, a law enforcement official said.
Gillard bares $392 million modern health system featuring online consultations
Prime Minister Julia Gillard unveiled Monday in Brisbane Labor's $392 million health system modernisation plan that will see patients consulting doctors online.
Dell to buy storage company 3PAR for $1.15 billion
Dell Inc plans to buy data storage company 3PAR Inc for $1.15 billion in cash, expanding its offering of data center products to compete with rivals like IBM.
Home-builder sentiment slides to 17-month low in Aug
Home-builder sentiment unexpectedly fell for a third straight month in August to its lowest level in nearly 1-1/2 years, according to a survey on Monday that pointed to a weak housing market.
Fed says reverse mortgage loans pose risks
The Federal Reserve and other top regulators said on Monday reverse mortgages pose compliance and reputation risks for lenders, and offered guidance to financial firms on how to avoid such pitfalls.
Management Tip of the Day: asking for a raise
Too many people operate under the assumption that if they do a good job, a good salary will follow. Getting the pay you want requires asking for it. But before you ask, be sure you are prepared.
Lowe's sees sales growth but no recovery till 2011
Lowe's Cos posted weaker-than-expected quarterly results, but kept its forecast for same-store sales growth this year, assuring investors it will benefit once U.S. consumer demand picks up.
Fed sets mortgage disclosure, compensation rules
The Federal Reserve on Monday published new rules aimed at protecting consumers from abusive mortgage practices, including clearer cost disclosures and a ban on payments to mortgage brokers for steering borrowers into loans with higher interest rates.
Power to the Doers and Dreamers; Unleashing the Best and Brightest
In his book Rules of Thumb, Alan M. Webber writes about the differences between talkers and doers. It is a special relationship in organizational structures between those who talk up great ideas and those who make them happen.
BlackBerry to give India partial access: source
Research In Motion has assured Indian authorities of limited access to its Messenger services by September 1 and will hold talks this week on giving access to enterprise mail, a government source said on Monday.
Wall St drifts higher
Stocks rose on Monday, led by technology shares, as investors shrugged off signs of a weak economy to wade into stocks that have become cheap.
China health ministry denies Infant formula caused babies to grow breasts
China's Health Ministry on Sunday denied that a milk formula caused the premature breast growth in three baby girls due to its sex hormones.
Oil dips on weak economic data, dollar supports
Oil slipped on Monday in choppy trading as weak economic data in Japan and the United States fed worries about the energy demand outlook, outweighing support from a weaker dollar.
News that Japan's economy expanded by a mere 0.1 percent in the second quarter, below forecasts, weighed on Asian equities and was followed later by weak U.S. data.
Bargain hunters lift Nasdaq
The technology-heavy Nasdaq rose on Monday as investors put aside worries about the economy to take advantage of beaten-down prices.
Gold hits 7-week high as Japan data stokes growth concern
Gold rose to its highest level since early July on Monday, reprising its safe-haven properties, as gloomy Japanese economic data hit shares and stoked investor concern about the pace of global economic recovery.
Yen and Swiss franc up on safe-haven buying
The yen and the Swiss franc led a broad rally in safe-haven currencies on Monday, while the euro recovered as investors bet recent declines went too far, too fast, even as investors remained sensitive to risk in euro zone bond markets.
Lowe's sees sales rise despite weak results
Lowe's Cos posted weaker-than-expected quarterly results, but kept its outlook for same-store sales growth this year, assuring investors it will benefit once consumer demand picks up.
China tops Japan as second biggest economy in Q2
Growth in Japan's economy slowed to a crawl in the second quarter and analysts see more weakness ahead, adding to policymakers' headaches as they grapple with deflation and a rise in the yen that threatens an export-reliant recovery.
NY manufacturing falls short of forecast
A gauge of U.S. regional manufacturing rose in August after plunging the previous month, but it fell short of forecasts and contained some grim details, adding to evidence the U.S. recovery is losing momentum.
NY manufacturing grows, but falls short of forecast
A gauge of U.S. regional manufacturing rose in August after plunging the previous month, but it fell short of forecasts and contained some grim details, adding to evidence the U.S. recovery is losing momentum.
Wall Street to dip as weak Japan GDP adds to worries
Stock index futures pointed to a lower open on Wall Street on Monday as weak growth in Japan added to worries about the strength of the global economy that have hit equity markets in recent days.
Russia drought may eat further into grain crop
Russia's severe drought may cut its grain output by 40 percent this year, a leading analyst said on Monday, as Russia's weather service forecast short-lived rains in some areas which could help planting for next year.
Leading Russian agricultural analyst SovEcon said it cut its 2010 grain crop forecast to 59.5-63.5 million tons from a previous forecast of 70-75 million tons, a day after Russia's first grain export ban for 11 years kicked in.
NY Fed manufacturing activity grows slightly in August
A gauge of manufacturing in New York State rose slightly in August after plunging the previous month as employment rebounded, the New York Federal Reserve said in a report on Monday.
Dell paying $1.15 billion for storage company 3PAR
Dell Inc said on Monday it plans to buy data storage company 3PAR Inc for $18 per share in cash, or $1.15 billion, extending its storage product offering for cloud computing.
Capital One credit card defaults fall in July
Capital One Financial Corp's U.S. credit-card defaults continued their decline for the fourth straight month, signaling that fewer Americans were falling seriously behind in their credit card payments.