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Eaton Corp. To Buy Cooper Industries For $11.8 Billion

Industrial manufacturer Eaton Corp. (ETN) said Monday it would buy electrical equipment company Cooper Industries Plc for $11.8 billion to expand into the electric industry.

Stocks Rally, China Hints At Stimulus: Daily Markets Wrap

The strain in this relationship between Germany and France was apparent Monday as finance ministers from both countries failed to resolve the question whether the euro zone would benefit from issuing joint European bonds. Berlin rejects the idea, stipulating that struggling economies need to clean up their messes before being given a reason not to.

Publisher Houghton Mifflin Harcourt Files For Bankruptcy To Restructure Debt

Publisher Houghton Mifflin Harcourt filed for Chapter 11 bankruptcy protection Monday to restructure $3.1 billion in debt and reduce annual interest costs by around $250 million.

Ex-Yahoo CEO Quits Splunk Board In Last Resignation As Yahoo Sets China Deal

Former CEO of Yahoo (Nasdaq: YHOO), the No. 3 search engine Scott Thompson resigned as a director of Spunk (Nasdaq: SPLK), a week after quitting his job at Yahoo.

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Dalian Wanda Buys AMC Entertainment Cinema Company For $2.6B

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.

Lowe?s 1Q Profit Up, But Earnings Forecast Downgraded

Home improvement retailer Lowe's Companies Inc. (NYSE: LOW) reported a 14.4 percent increase in profit in the first quarter but downgraded its estimated earnings for the year on concerns over momentum in the U.S. housing market on Monday.

Facebook IPO: Now That You Own Shares, 3 Key Signs To Look For

Shareholders of Facebook (Nasdaq: FB), the No. 1 social network, are set to get the shares Tuesday, following Friday?s tumultuous first sales after the $16 billion initial public offering.

US Stock Index Futures Signal Higher Open Monday

U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.85 percent, Dow Jones futures up 0.49 percent and Nasdaq 100 futures up 0.79 percent at 0842 GMT.

A woman walks past a JP Morgan Chase bank branch in New York

JPMorgan Chase's $2B Bug: How Lyme Disease Sickened The Banking Industry Titan

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.

Facebook IPO: Mark Zuckerberg Celebrates With Employees As Nasdaq Begins Trading

Technology Focus: Facebook IPO Boosts Its Cash; Now What?

One value of going public for any company is to raise cash as well as mint new shares for acquisitions. Facebook (Nasdaq: FB)?s $16 billion initial public offering was no exception.

Drive From The Rising Sun: Why Japan's Car Companies Are Moving Manufacturing Overseas

Japan's vaunted automakers may soon stop building cars in their homeland for export as a soaring yen combines with Mother Nature's mood swings, and an aging population saps the strength of its domestic market, driving the companies across wide oceans and far from their birthplace.

General Motors issued fourth-quarter results Thursday.

General Motors Won't Advertise During 2013 Super Bowl

The General Motors Co. (NYSE: GM), the largest U.S. automaker, said Friday it will not advertise during the broadcast of the 2013 Super Bowl as it shifts its advertising strategy, according to the Wall Street Journal.

Man walks past Bank of Japan headquarters in Tokyo

Japan Considers Using Central Bank To Circumvent Iran Oil Payment Embargo

A day after the largest bank in Japan agreed to comply with a U.S. District Court order barring it from doing business with Iran, bankers and government officials in Tokyo are reportedly trying to find a way to circumvent the commercial embargo.

Japanese Asked To Conserve Electricity As Local Politicians Block Nuclear Restart

The Japanese government is asking businesses and homes to conserve electricity during the summer in order to avoid blackouts, but efforts to restart nuclear reactors continue to encounter resistance by political opponents of the national government.

ArcelorMittal Chief Financial Officer Aditya Mittal.

Steelmaker Nucor Buys Skyline For $605 Million

U.S. steelmaker Nucor Corp. (NYSE: NUE) said Friday it will buy Skyline Steel LLC and its subsidiaries from Luxembourg's mining and steel company ArcelorMittal (NYSE: MT) for $605 million.

25 Earnings Reports To Watch Next Week, May 21-24

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.

Facebook?s Beneficiaries: Bono, Li, Zynga And LinkedIn CEOs

It?s not just Mark Zuckerberg whose shares of Facebook (Nasdaq: FB), the No. 1 social network, became more valuable on Friday. U2's Bono is also smiling.

Solar panels sit a the roof in Richmond, California March 18, 2010.

China, US Solar Industry React To Commerce Dept Imposing Tariffs On Chinese Solar Panels

The U.S. Commerce Department has imposed hefty tariffs on Chinese solar panel imports, a move the Obama administration is saying comes as a response to uncompetitive Chinese export practices.

Spanish Non-Performing Debt Highest In 18 Years

The ratio of bad debt held by Spanish banks increased in March and hit an 18-year high of 8.37 percent, or $187.5 billion, the country?s central bank announced on Friday. The number of nonperforming loans with payments that are 90 days overdue is now about 10 times larger than it was during the peak of the property boom in 1997.

Facebook IPO: Biggest Tech IPO Ever Soars 10% But Closes With A Whimper

Shares of Facebook (Nasdaq: FB), the No. 1 social network that raised $16 billion in its initial public offering, the biggest in Internet history, soared more than 10 percent but closed up by only a fraction.

Buying Facebook? Consider These Tech Titans That May Be Better Stock Bargains

Investors in Facebook Inc. (Nasdaq: FB), the No. 1 social network, got their first chance on Friday to gauge reaction to its $38-a-share public offering price that initially had valued the company at $104 billion.

Spanish Banks Downgraded By Moody's In Latest Euro Crisis Tremor

Rating agency Moody's Investors Services sent yet another shockwave down the spine of the European financial industry on Thursday afternoon, downgrading 16 Spanish banks after equity markets had closed in New York.

Third Point Ups Yahoo Stake To 5.8%; Loeb Allies Now Directors

Yahoo (Nasdaq: YHOO), the No. 3 search engine, now has three new directors from Third Point Capital, the New York hedge fund that boosted its stake in the company.

Founder and CEO of Facebook Mark Zuckerberg

Facebook Prices IPO Shares At $38; Values Company At Record $104 Billion

Facebook (Nasdaq: FB), the No. 1 social network, raised $16 billion in its initial public offering, the biggest in Internet history, valuing its shares at $38.

Spain, Greece Spur Fear, Boosting US Dollar, Bonds: Daily Markets Wrap

European stocks lost big Thursday as Greek banks were cut loose from European Central Bank support and Spain's borrowing costs kept skyrocketing. The head of the International Monetary Fund, Christine Lagarde, also warned today of the extremely expensive consequences of Greece leaving the currency bloc.

HP Could Fire 25,000 In Cost-Cutting Move

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.

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