At least three of the world's top drugmakers are bidding for Brazil's Ache Laboratorios Farmaceuticos in an auction that may value the group at more than $5 billion, people familiar with the matter said.
Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke.
With its rare apology, Apple went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the power of the government press.
Zynga will take the plunge into real-money gambling and begin offering poker and casino-style games in Britain in partnership with Bwin.party Digital Entertainment.
"Everyone is worried...we are sure to peak and crash from here but I don't think retail investors getting back into stocks will mark a major top," one trader said.
Goldman Sachs is raising up to $600 million for a publicly-traded credit fund that will buy risky loans. What could go wrong?
Tesla Motors launched a leasing program for the Model S electric car, partnering with Wells Fargo and US Bank.
J.C. Penney's top executives -- the chief executive, chief operating officer and chief talent officer -- received no cash bonuses in 2012, according to an SEC filing.
The stock market's catapult to record highs could be the very thing that leads to the much-awaited pullback.
The Federal Reserve may be able to reduce its bond-buying stimulus plan before the end of this year if economic growth continues to pick up and employment improves further, a top central bank official said.
The housing finance company announced Tuesday the largest net income in the company's history with $17.2 billion hauled in for 2012.
Subaru and General Motors are recalling cars to check for corroded brake lines and problems with heated steering wheels, officials said.
Vocal activist and founder of Third Point Partners Dan Loeb stood out in an otherwise tough first quarter for hedge funds.
A federal judge ruled Monday that Stockton, Calif., is eligible for court protection from its creditors, clearing the way for a battle over whether public workers' pensions can be cut when the city goes bankrupt. The NYT reports.
Bank of America agreed to pay $165 million to resolve claims from the U.S. credit union regulator over purchases of mortgage-backed securities by corporate credit unions that have since failed.
Arkansas Attorney General Dustin McDaniel has launched an investigation into Exxon Mobil's ruptured crude pipeline. The spill damaged property and forced the evacuations of 22 homes.
Fannie Mae earned $17.2 billion last year, the biggest annual profit in the U.S. mortgage giant's history, driven by the housing recovery.
Major automakers posted strong monthly U.S. car sales last month, helped by growing confidence in the recovery and demand for pickup trucks and sport utility vehicles.
Tax incentives to spur retirement-plan contributions lead only relatively wealthy, well educated Americans to save more, studies show. Automatic contributions work much better.
It doesn't appear that Apple can do anything about its tailspin, CNBC's Jim Cramer says.