Like a bad case of herpes, the bankrupt Swedish automaker Saab Automobile AB just keeps flaring up in General Motors Company's (NYSE: GM) private dealings. Dutch supercar company Spyker N.V. announced Monday it was suing General Motors for $3 billion in damages on account of alleged interference in a 2011 transaction between Spyker (which owned Saab) and Chinese investor Youngman, a deal which Spyker alleges would have saved Saab if it had been successful.
Shares of Facebook (Nasdaq: FB) rose more than 3 percent Monday, trading at midday at $21.81, up 72 cents. But they’re still nearly 50 percent below the $38 set at their May 17 initial public offering.
Investors may not know that many of their technology companies played a huge part in the system design, software, features and functions. They include Intel Corp. (Nasdaq: INTC), Siemens Corp. (NYSE: SI) and General Dynamics Corp. (NYSE: GD).
Mere days after a systems failure within the automated operations of one of its market-markers caused wild distortions in the New York Stock Exchange, a major European bourse is having its own version of a technical meltdown.
Best Buy Co., Inc. (NYSE: BBY) founder Richard Schulze, who stepped down as chairman this year, offered to take the troubled electronics retailer private at $24 to $26 a share?
Knight Capital Group Inc. (NYSE: KCG), which lost $440 million last week when a trading program it had just installed went berserk, confirmed Monday it reached a $400 million rescue deal that will keep the big market maker in business but hammer existing investors.
It's only been a few days since American gymnast Gabrielle "Gabby" Douglas won gold medals in both the individual and the team competitions at the London 2012 Olympic Games, and it already looks like the young athlete is going to be honored with her face on a cereal box.
The top after-market NYSE gainers Friday were MaxLinear, United States Cellular Corp, AllianceBernstein Holding, First Majestic Silver and Enbridge Energy. The top after-market NYSE losers were Air Lease Corp, Petroleo Brasileiro SA, Royal Caribbean Cruises, American Water Works Co and Beazer Homes USA.
The pressures on the Washington Post Co., the sixth-largest U.S. newspaper group by circulation, are twofold: the erosion in advertising and circulation revenue of its print properties, and the plunging profit of Kaplan, its for-profit education division, as the federal government enacts more regulations.
There's one developing storyline in the saga of Knight Capital Group Inc., the Wall Street market maker that lost more than $440 million Wednesday when an automated trading program it had just installed went berserk, that's not being talked about: It is being propped up by the very people it tried to screw over.
Each week, we pick the biggest, most dramatic, or most captivating winners and losers in the world of money and business. Here are the winners and losers for July 29-Aug. 4.
The U.S. Treasury Department on Friday said it plans to sell $4.5 billion in American International Group Inc. (NYSE: AIG) shares, further cutting its ownership stake in the bailed-out insurer.
The Boeing Co. (NYSE: BA), the largest U.S. aerospace manufacturer, widened its lead in 2012 orders over rival EADS N.V. (Paris: EAS)'s Airbus SAS after Singapore Airlines Ltd. (Singapore: C6L) said Friday it was buying 50 Boeing 737 airplanes valued around $4.9 billion.
Shares of U.S. banks of all sizes and specialties rose Friday over 3 percent, handily beating the performance of the wider stock market, which itself was in a head-first rally following a week of disappointing news. But there was one big exception to the equity party: megabank JPMorgan Chase and Co. (NYSE:JPM), which looked poised to underperform its peers in late-afternoon trading.
The Merchants Payments Coalition (MPC), which represents retailers, says the fees levied on American supermarkets, stores and gas stations by Visa and MasterCard are up to three times more than in other parts of the world, inflating prices for U.S. consumers.
Linkedin Corp, Deutsche Bank AG, Facebook Inc, Banco Santander, Rosetta Genomics, Molycorp Inc, Infosys, Knight Capital Group and Silvercorp Metals Inc are among the companies whose shares are moving in pre-market trading Friday.
The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.
The top after-market NYSE gainers Thursday were Mas Tec, LinkedIn Corp, Kodiak Oil, Sunoco and American Water Works Co. The top after-market NYSE losers were Knight Capital Group, Molycorp, Dolby Laboratories, Kayne Anderson MLP Investment and Active Network, Inc.
Activision Blizzard (NYSE: ATVI), the second-largest video game maker by market capitalization, beat Wall Street's expectations in the second quarter, even after it lost 1.1 million subscribers to its popular "World of Warcraft" franchise.
The firm at the center of a software glitch that prompted highly irregular trading patterns Wednesday morning in shares of more than 100 New York Stock Exchange issues is hanging on by a thread.
A slew of the country's largest retail stores beat Wall St. July-sales estimates, a sign that this year's back-to-school season will be the best seen in years.
Toyota has announced a voluntary safety recall on certain RAV4s and 2010 Lexus HS 250hs that were sold in the United States, the U.S. arm of Toyota Motor Corp. (NYSE: TM) said in a news release. Find out here if your Toyota or Lexus is part of the recall.
