US stocks open higher, sending S&P 500 above its record high close; Hormel gains on earnings Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Justice Dept. announces nearly $17 billion settlement with Bank of America Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion US existing home sales rise for 4th straight month as supply grows, price gains moderate Sears 2nd- quarter loss widens as retailer continues to deal with sluggish sales Applications for US jobless aid fall by 14 K to 298 K, another sign the job market is healing Reports: Russia conducts checks at McDonald's restaurants after 4 are shuttered in Moscow US home sales pace likely slowed in July from previous month China manufacturing growth weakens in August in sign economic recovery is losing momentum» Read More
RIYADH/ KHOBAR, Saudi Arabia, Feb 27- Saudi Arabia's government plans to sell a 15 percent stake in National Commercial Bank, the country's largest lender by assets, in an initial public offer that would be the kingdom's first bank IPO since 2008..
AMSTERDAM, Feb 27- Dutch lender Rabobank said net profit dipped 2 percent last year as a $1 billion fine for rigging benchmark interest rates and hefty real estate impairments were only partly offset by the sale of its fund management business.
Feb 26- General Electric Co said it would pay $1.7 billion to Japan's Shinsei Bank Ltd to end exposure to interest repayment claims related to the sale of its Japanese consumer loan business to the bank in 2008.. GE said on Wednesday the deal would reduce fourth-quarter and 2013 earnings by $1 billion and earnings per share by 9 cents.
Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.
Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another and lay off 6192 employees as it struggles with weak demand in North America. The company, which is being probed for violations of the United Nations oil-for-food program in Iraq, on Tuesday also reported a wider quarterly net loss.
Feb 24- Retirees, unions and others opposed to Detroit's financial restructuring plan will have a chance to argue their case at a trial starting in mid-June, according to an order on Monday by the judge overseeing the case. Detroit and its creditors have until Friday to file objections to U.S.
Feb 24- Debt-laden Chinese solar company LDK Solar Co Ltd said it filed an application for provisional liquidation in the Cayman Islands. LDK Solar, incorporated in the Cayman Islands, said it has made "considerable progress" in its discussions with key offshore creditors.
Comcast Chairman and CEO Brian Roberts said he's confident the deal to acquire Time Warner Cable will be approved.
Optim Energy, an electric company owned by a Bill Gates investment fund, filed for Chapter 11 bankruptcy after piling up losses in a depressed power market.
Time Inc is reorganizing itself and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff.
FCC's chairman his skepticism about a potential merger between Sprint Corp and T-Mobile US Inc in a meeting with Sprint.
Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.
Oracle announced that it has entered into an agreement to acquire Responsys for $27 a share, or approximately $1.5 billion.
Loehmann's, the 92-year-old discount clothing chain, has filed for bankruptcy protection for a third time and said it is prepared to sell its assets to a group of liquidators.
The Asia-Pacific region has overtaken Europe when it comes to mergers and acquisition, taking second place this year to North America.
Eminence Capital has taken a 9.8 percent stake in the clothier and will argue to solicit more bids, CNBC's David Faber reported.
Fairfax Financial is struggling to raise financing several large lenders turned down its requests, Reuters reported Friday.
A 'lack of emotional buy-in' and culture clashes are to blame for deals that fail to live up to their promise, a new report finds.
Lenovo, the world's largest PC maker, is 'actively looking' into bidding on BlackBerry, Dow Jones reported on Thursday, citing unnamed sources.
Ailing smartphone maker BlackBerry has drawn interest of Cerberus, a private equity firm, according to reports Wednesday.