The investor group Melrose 2 is suing Paramount Pictures, claiming it put up $375 million to finance the Transformers movies and other projects, but hasn't received any of the profits.
India's Gross domestic product growth fell to 6.9 percent in the second quarter of the financial year. The GDP growth figure is the weakest pace in more than two years.
So far, it has been a tough week for the troubled Bank of America Corp. (BAC). The firm's stock hit a new 52-week low Tuesday, dropping more than 3 percent to $5.03 a share, the lowest level since March 12, 2009. After the market closed, more bad news came as Standard & Poor's downgraded the bank's long-term credit rating by a notch to A- from A.
Small wireless carriers, such as U.S. Cellular and MetroPCS, provide low-cost alternatives to companies such as AT&T and Verizon. However, companies and industry experts are split on how the AT&T/T-Mobile merger will affect the smaller companies.
Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio.
When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.
When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.
Merrill Lynch has agreed to pay $315 million to settle a class action filed against it on behalf of investors in 18 mortgage-backed securities trusts, according to Reuters.
Negative rumors have turned Jefferies Group Inc. into the latest financial whipping boy. A controversial report from ratings agency Egan-Jones, which the firm has stood by, has spooked the markets. Jefferies is insistent that it remains solid. Who will investors believe?
Shares in Swiss bank UBS rose on Friday as investors welcomed its pledge to start paying dividends again, though its plans to trim its scandal-hit investment bank failed to go as far as some had hoped.
Shares of consumer review website Angie's List surged as much as 44 percent on their market debut Thursday as investors continued to lap up internet offerings, but concerns about the company's profitability could loom on the stock.
The Madrid government 3.56 billion euros of new bonds, short of the maximum target of four billion euros.
Bank of America Corp. learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.
Profits at Italian bank UniCredit have all but evaporated and capital has shrunk to dangerous levels, results due on Monday will show as the bank prepares a $10 billion rights issue and 5,000 job cuts to get back on track.
Chinese banks wrote 587 billion yuan ($92.5 billion) of new loans in October, much more than expected and a sharp jump from September, evidence of "selective" policy easing by the government to keep the world's second-largest economy on an even keel.
Global markets stampeded Wednesday after the bond market signaled that Europe's third-largest economy can no longer survive without a rescue.
China's annual inflation rate fell sharply in October to 5.5 percent in a further pullback from July's three-year peak, giving Beijing more room to fine tune policy to help an economy feeling the chill of a global slowdown.
Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said.
Brookfield Office Properties, the landlord with holdings in America, Canada and Australia, including the now infamous Zuccotti Park, reported 8.2 million square feet of leasing activity following the third quarter, surpassing its record leasing levels in pre-recession 2007.
Jon Corzine has resigned as MF Global Holdings Ltd's chairman and chief executive officer four days after the futures brokerage filed for bankruptcy protection, culminating a rapid downfall for one of Wall Street's best-known executives.
China's people have a clear message for their government -- don't even think of saving Europe.
With customers angry about new bank fees, credit unions have been trying to use the displeasure to gain more customers.
