A Chinese conglomerate will buy a major U.S. cinema chain, AMC, for $2.6 billion, in China's biggest takeover of an American company to date.
With no end in sight to the Air India Pilots' Strike that entered its 14th day Monday, Civil Aviation Minister Ajit Singh would meet the Air India Union leaders later in the day to resolve the ongoing crisis. The strike has cost the national carrier over Rs. 23 billion.
Two extensive media reports trace the deterioration of JPMorgan Chase & Co.'s once-disciplined corporate culture and its aftermath. They lay bare a top-down hierarchy characterized by misplaced trust and growing hubris that fueled a power struggle during a leadership vacuum.
Congressional leaders John Boehner, Mitch McConnell and Nancy Pelosi pointed fingers across the aisle on Sunday morning talk shows over the reemerging debt ceiling debate, calling for different approaches to the nation's budgetary problems.
Air India is planning to hire retired pilots for flying international routes even as a strike by a group of pilots entered the 12th day Saturday.
In a bid to raise much-needed funds for its struggling economy, the Italian government is auctioning off more than a dozen picturesque lighthouses off the coast of Sardinia.
Before the curtain falls on this earnings season, investors will hear next week from several more major players, including Dell, Hewlett-Packard, Lowe's, Pandora, and Tiffany.
Gold prices continued its rebound Friday after dipping to a five-month low earlier this week. June delivery of the metal rose was up over 1 percent to $1,595 on Friday after jumping 2.3 percent the day before, the biggest one-day gain since January.
Air India is poised to get its first installment of Boeing 787 Dreamliner aircraft by the end of this month even as the crisis in the national carrier, caused by the pilots, continues.
Spot gold rallied more than 2.6 percent on Thursday, its largest one-day gain since late January, as technical buy signals and new signs of a sluggish U.S. economy more than offset deepening despair over the euro zone.
Shares of Hewlett-Packard Co. (NYSE: HPQ), the No. 1 computer maker, were largely unaffected by a report it would fire as many as 25,000 employees as part of cost-cutting measures.
The crisis in Air India has entered its tenth day, with situation further worsening as government, management and the pilots union spearheading the movement blaming each other for the crisis.
A close look at the five names rated as favorites to replace Kenny Dalglish in the Liverpool hot seat.
JPMorgan's $2 billion trading loss makes the financial giant an easy target for shareholder lawsuits.
The financial markets appear to have already priced in Greece?s departure from the euro bloc.
General Electric Co. (NYSE: GE) said it would buy two mining equipment companies as it seeks to expand in the $61 billion global mining supplier industry.
Malaria-carrying mosquitoes in Africa and India are becoming resistant to insecticides, putting millions of lives at greater risk and threatening eradication efforts, health experts said on Tuesday.
The annual shareholder's meeting Tuesday of JPMorgan Chase & Co. (NYSE: JPM), widely expected to feature fiery denunciations of leaders at the nation's biggest bank, could hardly have been quieter or more management-friendly.
New York City Mayor Michael Bloomberg defended Mitt Romney's record at Bain Capital after the Obama campaign released an attack ad, but avoided saying whether or not Romney's experience managing the private equity firm would make him a good or bad president.
Coty Inc. withdrew its $10.7 billion offer to buy Avon Products Inc. (NYSE: AVP) following months of failed communication by Avon, the company announced on Monday.
Federal workers's salary information was exposed on Tuesday May 15, when a website containing the information went live on Tuesday morning. Paycheck information, which includes the state, agency, job title and salary, can all be accessed by logging on to DataUniverse.com.
The latest crisis in Air India, India's state-owned airliner, began a week ago when striking pilots suddenly reported sick in huge numbers. The crisis has entered its eighth day Tuesday with the carrier cancelling 24 more flights even as no indication of a solution is seen on the horizon.
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