U.S. stocks closed higher for a second session on Monday as Wall Street weighed moves by the Fed.» Read More
New Century Financial's shares fell to an eight-year low on Friday, after analysts said the largest independent U.S. subprime mortgage lender, which faces a criminal probe and has stopped making new loans, may soon seek bankruptcy protection.
The mortgage lender has also stopped writing new loans to people who do not make down payments, a spokeswoman said.
General Electric's consumer finance arm plans to close 60% of its manned personal loan branches in Japan and shed up to 400 employees amid an industry-wide slump prompted by tighter regulation.
If one of your co-workers won the Mega Millions and walked off into the sunset with $370 million, wouldn’t you hate their guts?
When it comes to technology it seems like everyday we focus on big-screen this, or big-screen that, but today, thanks to Microsoft, I want to take a look at the small screen in your den or the tiny screen in your pocket.
Koch Industries, the world's second-largest private company, plans to team up with private equity firm Blackstone Group to join the bidding for GE Plastics, according to sources close to the process.
The Motion Picture Association of America released data Tuesday showing that 63 movies grossed more than $50 million in 2006.
Federal regulators have warned General Electric's health-care unit about manufacturing problems uncovered during an inspection of an Ohio plant, a letter released today said.
Yum Brands, the operator of KFC, Taco Bell and Pizza Hut restaurants, said that it engaged a pest control expert for urban settings to review standards for its outlets in New York City.
Ford Motor said on Friday it agreed to sell Automobile Protection Corp., a unit that sells vehicle service contracts, to private equity fund Trident IV L.P.
Swiss Re said General Electric would divest its stake worth around 3.5 billion Swiss francs ($2.9 billion), selling half to Swiss Re and placing the other half in the market.
Reinsurer Munich Re on Wednesday said its fourth-quarter profit dropped by 52% because of a dip in its net investment income.
For many stars, critical acclaim and commerical success don't go hand in hand and winning an Oscar may not mean big bucks or big hits.
As Hollywood celebrates the Oscars, it's already counting on a big year in 2007 with a number of potential blockbusters to rally the box office. And that’s making movie theatre companies popular with investors.
Google will begin selling corporate America an online suite of software that includes e-mail, word processing, spreadsheets and calendar management, escalating the Internet search leader's invasion on technological turf traditionally dominated by Microsoft and IBM.
This year’s Best Picture nominees grossed a mere $243 million in domestic box office sales, less than a fifth of the $1.32 billion raked in by the top five movies in 2006.
A deal between Google and CBS that would let YouTube users watch clips from CBS shows such as "The Late Show with David Letterman," has unraveled, the Wall Street Journal reported on Wednesday.
Merck said Chief Financial Officer Judy Lewent, 58, plans to retire in July after 17 years in the post.
General Electric expects to take a $115 million charge in the first quarter related to a court ruling on its asbestos liability, according to a company spokesman.
Mergers and would be-mergers, housing starts and producer prices could all influence the market today. Stocks look a bit weak on the opening after clinging to small gains yesterday that put the Dow at another record.