Steven Rattner, the former head of the United States auto task force and dubbed President Barack Obama's car czar, called the auto industry's 2009 bailout an unambiguous success Thursday. But he acknowledged that taxpayers, footing the $82 billion bill to bail out Chrysler, General Motors and Ally Financial, will lose about $14 billion of their investment.
Burger King is giving away its new thick-cut French fries today. Can it surpass the taste tradition of McDonald's fries?
Apple has reportedly been receiving its A5 chips from a Samsung factory based in Texas. If the relationship holds, there's a great chance Apple's future chips will also be Texas-made.
Budget cuts in a program to spur commercial space taxis will likely keep the United States dependent on Russia to fly astronauts to the International Space Station until 2017, NASA's head of space operations said on Thursday.
The Swiss franc and investments in gold will no longer provide investors with safe harbor from market turmoil and the eurozone debt crisis, UBS AG's investment chief told the Swiss bank's client in a letter on Friday.
Japan's Nikkei share average rose modestly on Friday after signs of strength in the U.S. economy but it slipped for the week, as investors continue to worry about the impact of Europe's debt crisis.
Japan has signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
Is now a good time to consider the stock of AutoZone (AZO)?
Wells Fargo & Co. (NYSE:WFC) was fined $2 million Thursday by the Financial Industry Regulatory Authority, a regulatory group that oversees investment advisers and other finance professionals, for neglecting to discipline an investment manager who became the firm’s top salesman of a certain kind of exotic investment instrument by forcing it on unwilling, elderly clients.
Burger King will give away its new thick-cut fries from midnight to midnight on Dec. 16.
The estate of Lehman Brothers has sought to match Sam Zell's $1.33 billion bid for a 26.5 percent stake in Archstone, sharpening the rivalry for the multifamily housing giant.
"We believe the district court committed legal error by announcing a new and unprecedented standard" for approving settlements, Robert Khuzami, head of the Securities and Exchange Commission's enforcement division, said in a statement Thursday.
One unidentified Missouri woman received $6.1 million from an unclaimed property she didn't know she had.
Staying in Syria would tacitly suggest that Hamas supports Assad, who has already become the loneliest and most isolated leader in the Middle East.
Relativity Media has entered into a joint venture with German distributor Senator Entertainment, the studio announced Wednesday.
Michael Kors Holdings Ltd stood out in its market debut, keeping pace with star technology sector IPOs and showcasing the resilience of the luxury market even in a gloomy economy.
Enforcement officials at the Securities and Exchange Commission will reportedly recommend that the agency appeal a federal judge's November decision rejecting a $285 million settlement with Citigroup.
Teams have dropped out of the sweepstakes.
Morgan Stanley (MS) announced plans to cut 1,600 job globally Thursday. Another axe fell on Wall Street.
Bankrupt American Airlines' $30 million London townhouse was apparently overlooked in cost-cutting efforts.
European shares rose on Thursday in thin, pre-holiday trade as recent weakness prompted some bargain hunting, though strategists said political progress on the Eurozone crisis was needed before equities could make much more progress.
Major Southeast Asian stock markets fell on Thursday for the third day, led by banks and commodities as a decline in Chinese factory output added to worries about the global economy and Europe's debt crisis.