The collection of new Saab Automobile AB 9-3, 9-4 and 9-5 cars that have been languishing in U.S. ports following the company's bankruptcy will be liquidated at auction beginning on June 28 with a lot in Newark, N.J.
Several underwriters that shared $176 million in fees from the $16 billion initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, told investors to buy the share Wednesday.
It's not turning out to be a good week for Morgan Stanley (NYSE: MS). Over the past few days, the bank has been embroiled in two international scandals and cut by analysts at Goldman Sachs. That follows a month that saw a major credit downgrade, participation in the fumbled IPO of Facebook Inc. and behind-the-scenes grumbling by the FDIC. The bank has lost more than one-third of its market capitalization since late March.
The board of News Corp. (NYSE: NWSA) planned to meet Wednesday to consider splitting the global media giant into two entities, rumors of which move have lifted the New York-based company's shares more than 6 percent this week.
The top after-market NYSE gainers Tuesday were: BPZ Resources, MEMC Electronic Materials, Ultra Petroleum, Fusion-Io and Gol Linhas Aereas Inteligentes. The top after-market NYSE losers were: Campus Crest Communities, Harbinger Group, Yingli Green Energy Holding, HCA Holdings and AutoZone.
The Chinese government has spent billions to buy Japanese stocks as the euro zone crisis lingers, in an effort to diversify its investments, the AFP reported.
The National Guestworker Alliance said Tuesday it has uncovered 482 federal citations for safety, health, wage and hour violations, among 12 of the 18 suppliers of Wal-Mart Stores Inc. (NYSE: WMT) that the organization has been investigating.
Padmasree Warrior, the veteran chief technology officer for Cisco Systems (Nasdaq: CSCO), the No. 1 provider of Internet equipment, will now also run the company?s strategy office.
Nissan Motor Company (Tokyo: 7201) CEO Carlos Ghosn was the highest-paid CEO in Japan in the last fiscal year with a salary and bonus totaling 987 million yen ($12.5 million), according to Reuters.
Facebook (Nasdaq: FB), the No. 1 social networking site saw its shares rise 4 percent Tuesday many of the 33 underwriters of its $16 billion initial public offering on May 17 will be free to publish stock recommendations.
The controversial move comes after Orbitz found that Mac users on average spent 30 percent more than Windows users on hotels and decided, in a trial, to offer them more expensive options, according to a published report.
The top after-market NYSE gainers Monday were: Health Management Associates, Ferro Corp, McClatchy Co, Greenhill & Co and Generac Holdings. The top after-market NYSE losers were: Harbinger Group, BPZ Resources, Regional Management, Fidelity National Financial and Rogers Communication.
The 59th International Festival of Creativity, known as the Cannes Lions, wrapped up this past weekend. This year, top winners included a blank annual report and an invisible hydrogen powered Mercedes Benz.
Samsung Electronics (Seoul: 005930), the No. 1 smartphone maker, predicted sales next month of the new Galaxy S III model will top 11 million, including 10 million outside South Korea.
Dell (Nasdaq: DELL), the No. 3 PC maker, seeking to battle Oracle (Nasdaq: ORCL), the No. 1 database developer, has bid as much as $2.34 billion for Quest Software (Nasdaq: QFST).
In the 1950s, a consumer who wanted to buy eyeglasses borrowed $40 from the bank. Fast-forward to 2012: how about using your digital wallet to buy those glasses with your mobile phone? Maybe later this year.
The top after-market NYSE gainers Friday were: Teva Pharmaceutical, Lloyds Banking Group, Thompson Creek Metals Company, St. Jude Medical and Flotek Industries. The top after-market NYSE losers were: Hovnanian Enterprises, MGIC Investment Corp, Astrazeneca Plc, Tejon Ranch and 3D Systems Corp.
The Amazon.com Inc. launch of AmazonSupply in April indicates the shift to online from offline commerce continues apace among industrial consumers, which increasingly prefer to buy goods electronically.
Expectations for U.S. company earnings are on a slippery slope down Wall Street as the euro-zone crisis deepens and economic data around the world disappoints. With one week left in the second quarter, it is a good time to measure revisions in earnings estimates for companies in the S&P 500.
A list of winners and losers in the world of business and economics for the week of June 17.
Tesla Motors Inc. (Nasdaq: TSLA) will begin deliveries of test-drivable, production versions of its long-awaited successor to the Roadster electric car, the Model S sedan on Friday.
While coal has powered the 19th-century Industrial Revolution, heated homes and generated electricity, the era of King Coal has come to an end.
