Jon Corzine, the former chief of MF Global and governor of New Jersey, could be the target of a possible lawsuit linked to the brokerage's bankruptcy and disappearence of $1.6 billion in client funds.
Shares of AOL Inc. (NYSE: AOL), the No. 7 website, traded near their 52-week high Monday after activist investors Starboard Value Management won crucial backing to win seats on the board of directors.
Could Apple (Nasdaq: AAPL), the world's most valuable technology company, be getting a new jolt from the burgeoning China market, its second largest?
Chinese oil company CNOOC said the localsubsidiary of U.S. oil company ConocoPhillips is cleaning up a small and contained oil spill, on the site where a much larger spill occurred last year.
Last week thousands of retirees were suddenly faced by what for many would be the largest financial decision of their lives when both Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) announced they would launch immense pension buyout plans unprecedented in the United States.
Ford Motor Company (NYSE: F) is considering launching local China-only brands as it continues to try and bolster its own brand in the largest global auto market, according to Reuters Monday.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, set a record low after the influential research firm Bernstein started coverage with an ?underperform? rating.
Asian equity indexes are getting whacked on Monday a lot like European and U.S. stock indexes got whacked on Friday, with all of those open at this time having shed between 1 percent and 3 percent in the early going.
Clive Chajet, celebrated brands consultant for companies, offers his free advice to Facebook, Yahoo and Hewlett-Packard about undoing the damage from recent mishaps: stick to business and the share price will follow.
The U.S. had been losing industrial jobs to low-cost countries, particularly in Asia, for years, but its manufacturing sector appears to be staging a surprising turnaround. In 2009, manufacturing accounted for about 11 percent of U.S. gross domestic product; in 2011, the comparable figure was 12.2 percent.
U.S. car sales soared 47.6 percent for the American Honda unit of Honda Motor Co. Ltd. (NYSE: HMC) in May, as the Japanese automaker consummated its recovery from last year's triple disaster (earthquake, tsunami, and nuclear meltdowns), with strong sales of its flagship Civic and Accord cars.
The troubled Chesapeake Energy Corp. (NYSE:CHK), the second-largest producer of natural gas in the country, announced Friday it has made a significant discovery of crude oil and natural gas in the Anadarko Basin beneath the Texas Panhandle and western Oklahoma.
A shockingly weak jobs report hammered U.S. equities Friday, as major stock indexes headed for their worst loss of the year and erased all of their 2012 gains.
General Motors Company (NYSE: GM) will provide certain salaried retirees with a lump-sum pension payment offer in lieu of normal monthly pension payments, a move which is expected to reduce the pension obligation of the nation's largest automaker by $26 billion, the company announced Friday.
BP (NYSE:BP) announced Friday is it pursuing options to sell its interest in TNK-BP, a Russian oil company jointly owned with a local partner.
Verizon Communications (NYSE: VZ)?s plans to acquire Hughes Telematics (OTC: HUTC) for $612 million indicates the biggest U.S. phone company is seeking a new market: Mercedes-Benz drivers.
Enrique Peña Nieto has enjoyed a comfortable lead against his rivals for much of the Mexican presidential campaign season. But recent polling suggests his victory isn't as certain as it has appeared, leaving analysts pondering the future of Petroleos Mexicanos, the country's creaky state-owned oil company, should the candidate's main leftist rival win on July 1.
Continued strong car sales were joined by a surge in truck and SUV demand to drive a 12.6 percent growth in May U.S. sales for Ford Motor Company (NYSE: F), which cited demand for fuel efficient vehicles as a primary driver of growth.
General Motors Company (NYSE: GM) experienced modest U.S. sales gains of 10.9 percent in May with sales of 245,256 vehicles, the highest monthly volume for the company since August 2009.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged as much as 7.5 percent in Friday trading, reversing Thursday?s 5 percent gains. Overall markets fell about 2.5 percent.
Sales grew across the board in May for U.S. automakers with Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), leading the way in growth and General Motors Company (NYSE: GM) leading in volume, while Ford's car and truck sales remained strong on demand for fuel-efficient vehicles. The Asian carmakers also reported U.S. sales on Friday with Toyota Motor Corporation (NYSE: TM) enjoying bumper growth of 73 percent.
Shares of Facebook (Nasdaq: FB), the No. 1 social network, plunged as much as 4 percent in early Friday trading, reversing Thursday?s 5 percent gains.
