GO
Loading...

Latest Business News Wires - Business Headlines

More

  • Dell Buyout Deal Could Come as Soon as Monday Friday, 1 Feb 2013 | 1:55 AM ET
    Michael Dell, Founder, Chairman, and CEO of Dell, Inc.

    Dell is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners.

  • Treasury Able to Buy More Time If Debt Limit Returns Thursday, 31 Jan 2013 | 9:44 PM ET

    The U.S. Treasury Department said it could redeploy emergency cash measures from May 19 if necessary to ensure the government could keep borrowing money, a Treasury official said on Thursday.

  • Iran Oil Exports to Asia Fell by a Quarter in 2012 Thursday, 31 Jan 2013 | 7:04 PM ET
    FILE - An Iranian oil technician makes his way to the oil separator facilities in Iran's Azadegan oil field southwest of Tehran.

    Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.

  • Morgan Stanley CEO Gets Pay Raise to $1.5 Million Thursday, 31 Jan 2013 | 4:51 PM ET
    James Gorman, CEO, Morgan Stanley

    Morgan Stanley said Chief Executive James Gorman will receive a base salary of $1.5 million in 2013, nearly double the $800,000 he received last year.

  • Apple Loses Appeals Bid for Samsung Sales Ban Thursday, 31 Jan 2013 | 2:07 PM ET
    An Apple iPad 2 and iPhone 4S smartphone, left, and a Samsung Electronics Galaxy Tab 10.1 tablet computer and Galaxy S III smartphone.

    A U.S. appeals court on Thursday rejected Apple request to revive its bid for a sales ban on Samsung's Galaxy Nexus smartphone.

  • Peregrine Financial's Wasendorf Sentenced to 50 Years Thursday, 31 Jan 2013 | 1:22 PM ET

    Russell Wasendorf Sr., who admitted looting more than $100 million from broker Peregrine Financial Group in a scheme that shook confidence in the U.S. futures industry, was sentenced to 50 years.

  • German Retail Sales Plunged in December Thursday, 31 Jan 2013 | 3:42 AM ET
    Reichstag Parliment building, Berlin, Germany

    German retail sales tumbled by their largest amount in over three years in December, preliminary data showed on Thursday, denting hopes that private consumption can compensate for weaker exports and lift Europe's largest economy this year.

  • New Rio Tinto Chief Faces First Difficult Decision Wednesday, 30 Jan 2013 | 8:04 PM ET

    Rio Tinto's Sam Walsh faces his first difficult decision as chief executive -- whether to shut the 1,400-staff Gove alumina refinery in Australia -- as under-performing units come under tougher scrutiny following $14 billion in writedowns this month.

  • Thai Tycoon Wins Control of Fraser and Neave Wednesday, 30 Jan 2013 | 7:48 PM ET
    Range of Fraser & Neave Ltd. (F&N) products

    Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.

  • Japan Factory Output Rises at Fastest Pace in a Year Wednesday, 30 Jan 2013 | 7:31 PM ET

    Japan's December factory output rose at the fastest pace in a year and a half and firms expect further gains, raising hopes that stabilizing global demand and exports will help pull the economy from its slump.

  • Nintendo to Post Unexpected Loss as Wii Successor Falters Wednesday, 30 Jan 2013 | 6:15 PM ET

    Nintendo, the world's leading gaming company by machines sold, said it will post an operating loss for a second straight year as the sales of its Wii U, successor to the 100-million selling Wii, faltered.

  • ANA Investors Look Past Dreamliner's Woes Wednesday, 30 Jan 2013 | 6:01 PM ET

    All Nippon Airways, Asia's top airline by revenue, has cancelled close to 850 flights over a 4-week period and rescheduled more than 82,000 passengers due to the grounding of the Boeing 787 Dreamliner jet with undiagnosed battery problems.

  • RIM in Day of Reckoning as BlackBerry 10 Launches Wednesday, 30 Jan 2013 | 6:53 AM ET
    BlackBerry 10

    The innovative line of BlackBerry smartphones that Research In Motion will formally unveil on Wednesday has already succeeded on one crucial count - getting RIM back in the conversation.

  • BP Pays Record $4 Billion in Criminal Penalties Wednesday, 30 Jan 2013 | 2:31 AM ET
    Smoke rises from a controlled burn May 19, 2010, in the Gulf of Mexico.

    A U.S. judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.

  • JPMorgan Bet Against Itself in 'Whale' Trade Wednesday, 30 Jan 2013 | 1:44 AM ET

    There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.

  • Australia Floods Cast Pall Over Wesfarmers Outlook Tuesday, 29 Jan 2013 | 9:55 PM ET

    Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.

  • Hynix Returns to Profit, but Misses on Sales Forecast Tuesday, 29 Jan 2013 | 7:10 PM ET

    South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.

  • Chesapeake CEO to Step Down; Shares Jump After-Hours Tuesday, 29 Jan 2013 | 6:58 PM ET

    Chesapeake Energy, battling a governance crisis and financial strain, said that CEO Aubrey McClendon is leaving the company.

  • Chinese Firm Wins A123 Despite US Tech Transfer Fears Tuesday, 29 Jan 2013 | 6:40 PM ET
    A123 Systems logo

    China's largest auto parts maker won U.S. government approval to buy A123 Systems Inc, a bankrupt maker of electric car batteries that was funded with U.S. government money, a source familiar with the situation said on Tuesday.

  • Anglo American's $4 Billion Hit Clears Way for New CEO Tuesday, 29 Jan 2013 | 4:52 PM ET

    Anglo American took a $4 billion hit to its Minas Rio project on Tuesday, clearing the decks for new boss Mark Cutifani and indicating that the delayed Brazilian operation will eventually get off the ground.