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  • CHICAGO, April 23- Detroit's future once it exits the biggest municipal bankruptcy in U.S. history will depend on oversight, the city's chief financial officer said on Wednesday.

  • SAN FRANCISCO, April 23- Zynga Inc co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday and retreating to an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan.

  • UPDATE 1-Zynga's Pincus withdraws further from operations Wednesday, 23 Apr 2014 | 4:49 PM ET

    SAN FRANCISCO, April 23- Zynga Inc co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday, taking on an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan.

  • Zynga's Pincus withdraws further from operations Wednesday, 23 Apr 2014 | 4:10 PM ET

    SAN FRANCISCO, April 23- Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as Chief Executive Don Mattrick pushes through a restructuring plan.

  • WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.

  • Textron eliminating 750 Cessna, Beechcraft jobs Wednesday, 23 Apr 2014 | 11:21 AM ET

    NEW YORK— Just over a month after buying Beechcraft for $1.4 billion, Textron announced 750 job cuts at that company and at its Cessna division. Both aircraft makers are based in Wichita, Kan., and Textron says about 575 of the affected jobs are based in Kansas.

  • Patriot Coal to cut production at 2 W.Va. mines Wednesday, 23 Apr 2014 | 8:37 AM ET

    CHARLESTON, W.Va.— Patriot Coal plans to cut production at two mining complexes in southern West Virginia and potentially lay off workers. St. Louis- based Patriot announced Wednesday that it has issued 60- day layoff notices to workers at its Wells mining complex near Wharton and its Corridor G complex near Danville.

  • April 22- Darden Restaurant Inc will have to call a shareholder meeting to vote on Starboard Value LP's proposal to delay the company's plan to spin off its struggling Red Lobster chain, after the activist investor secured the support of a majority of the company's shareholders.

  • Top L.A. bankruptcy law firm to close doors Tuesday, 22 Apr 2014 | 5:16 PM ET

    April 22,- The well-known Los Angeles- based bankruptcy law firm Stutman Treister& Glatt, which once advised on the Chapter 11 proceedings of companies including Lehman Brothers and Enron Corp, has announced it is closing.

  • Goldman buys Westpeak in drive for 'smart beta' assets Tuesday, 22 Apr 2014 | 5:15 PM ET

    NEW YORK, April 22- Goldman Sachs Group Inc's asset-management business has agreed to buy Westpeak Global Advisors, a firm that aims to beat market indexes by using factors other than company size to pick stock investments.

  • AP Top Extended Financial Headlines At 2:05 p.m. EDT Tuesday, 22 Apr 2014 | 2:05 PM ET

    In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B Stock market pushed higher by corporate deal news and solid earnings; Allergan, Netflix jump Labor Department: Job market improved for 2013 college grads but remained weak McDonald's 1st- quarter profit slips as sales remain weak; April' modestly positive' Cable TV provider Comcast posts 30 percent rise in 1st quarter profit, cites NBC results General Motors asks bankruptcy court for protection from ignition claims before bankruptcy GM adding safety investigators, restructuring engineering organization in response to recall Electronic cigarette biz awaits federal rules that will likely curb marketing, set standards Harley-Davidson 1 Q earnings jump 18.7 percent as motorcycle sales rise, efficiencies take hold

  • AP Top Extended Financial Headlines At 1:15 p.m. EDT Tuesday, 22 Apr 2014 | 1:15 PM ET

    In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B Stocks gain amid earnings reports and deal news; Allergan, Netflix jump Labor Department: Job market improved for 2013 college grads but remained weak McDonald's 1st- quarter profit slips as sales remain weak; April' modestly positive' Cable TV provider Comcast posts 30 percent rise in 1st quarter profit, cites NBC results General Motors asks bankruptcy court for protection from ignition claims before bankruptcy GM adding safety investigators, restructuring engineering organization in response to recall Electronic cigarette biz awaits federal rules that will likely curb marketing, set standards Harley-Davidson 1 Q earnings jump 18.7 percent as motorcycle sales rise, efficiencies take hold

  • AP Top Extended Financial Headlines At 12:06 p.m. EDT Tuesday, 22 Apr 2014 | 12:06 PM ET

    General Motors asks bankruptcy court for protection from ignition claims before bankruptcy In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B Stocks gain amid earnings reports and deal news; Allergan, Netflix jump Labor Department: Job market improved for 2013 college grads but remained weak McDonald's profit slips as sales remain weak; April' modestly positive' Cable TV provider Comcast posts 30 percent rise in 1st quarter profit, cites NBC results Electronic cigarette biz awaits federal rules that will likely curb marketing, set standards Harley-Davidson 1 Q earnings jump 18.7 percent as motorcycle sales rise, efficiencies take hold Sales of US existing homes fell in March to lowest level in 20 months in face of rising prices

  • April 22- The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.

  • AP Top Extended Financial Headlines At 11:24 p.m. EDT Tuesday, 22 Apr 2014 | 11:13 AM ET

    In latest cycle, drugmakers use deals to narrow focus to boost prospects, satisfy shareholders Labor Department: Job market improved for 2013 college grads but remained weak General Motors asks bankruptcy court for protection from ignition claims before bankruptcy GM adding safety investigators, restructuring engineering organization in response to recall Valeant, Ackman looking to buy Botox maker Allergan in cash-and-stock deal worth about $45.6 B In latest round of change in pharmaceuticals industry, Novartis inks deals with GSK and Lilly Stock market pushed higher by corporate deal news and solid earnings; Allergan, Netflix jump Survey shows China manufacturing activity shrinks for 4th straight month but at slower pace Government says average airfare rose less than 1 percent to $381 per trip in 4 Q 2013 AT&T had strong 1st quarter on appeal of wireless installments plans

  • April 22- General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class action lawsuit that seeks to set aside the restriction.

  • April 22- Diversified Canadian miner Teck Resources Ltd said it would defer the reopening of its Quintette coal mine in British Columbia and cut 600 jobs, or 5 percent of its global workforce, after a 78.4 percent fall first-quarter net profit.

  • ZURICH, April 22- Swiss drugmaker Novartis is transforming its business by exchanging certain assets with GlaxoSmithKline and divesting its animal health business to Eli Lilly in deals worth billions of dollars. Novartis said it had agreed to acquire GSK's oncology products for a $14.5 billion payment.

  • GM seeks court protection against ignition lawsuits Tuesday, 22 Apr 2014 | 1:51 AM ET

    April 22- General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor. "May New GM be sued in violation of this Court's Sale Order and Injunction for economic damages relating to vehicles and parts sold by Old GM?"

  • WASHINGTON, April 22- The U.S. consumer financial watchdog warned on Tuesday that some student loan borrowers could be thrown into default if relatives who co-signed their loans die or declare bankruptcy.

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