JAKARTA, Indonesia— An Indonesian air force Hercules C-130 plane crashed Tuesday into a residential neighborhood of Medan city in Sumatra. There was no immediate word of casualties but a local radio station, El Shinta, reported that the plane hit houses. Air force spokesman Dwi Badarmanto said the crash occurred a few minutes before midday after the plane took...» Read More
Chinese property companies are rushing to the dollar bond market, almost matching last year's sales in the first month of 2013 alone, in a frenzy that could inflate the sector's gearing and the broader risk of a housing price bubble.
Honeywell CEO agrees with preliminary across-the-board spending cuts in order to start diminishing debt, even if this means a slower economy.
Shares of the nutritional-supplement company are down 20% since the hedge-fund managers duked it out on CNBC on Jan 25.
British Prime Minister David Cameron hopes to enlist the support of Germany and other rich north European countries in his fight to freeze EU spending at budget talks this week and is prepared to block a deal unless more savings are found.
Japanese stocks surged 4 percent to its highest level in more than four years on Wednesday, after the yen declined sharply on bets that a decision by the head of the Bank of Japan to step down early will bring forward aggressive monetary easing.
China unveiled sweeping tax reforms on Tuesday to make wealthy state-owned firms, property speculators and the rich pay more to narrow a yawning gap between an urban elite and hundreds of millions of rural poor.
Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding Co, will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm, according to a regulatory filing released on Monday.
Lloyds Banking Group is likely to pay its staff less in bonuses for 2012 than the year before and will "undoubtedly" pay out less than the other major British banks, its chairman said on Wednesday.
Dell moved closer to a nearly $24 billion buyout deal, with price negotiations narrowing to $13.50 to $13.75 a share in what would be the biggest leveraged buyout since the financial crisis.
President Obama is slated to meet with the CEOs of 12 companies on Tuesday, including Lloyd Blankfein from Goldman Sachs and Marissa Mayer from Yahoo to discuss immigration and deficit reduction, the White House said.
Japan Airlines said it will talk to Boeing about compensation for the grounding of the 787 Dreamliner, adding that the idling of its jets would cost it nearly $8 million.
Scores of independent mortgage lenders and community banks are winning business from banks such as Citigroup or Bank of America that have retrenched after the financial crisis.
Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.
The search for culprits behind the rancid haze enveloping China's capital has turned a spotlight on the country's two largest oil companies and their resistance to tougher fuel standards.
Italy's former Prime Minister Silvio Berlusconi announced his "last great electoral and political battle" on Sunday.
The company must chart a tough course: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries' status-conscious.
Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.
The top Senate Democrat on Sunday predicted that Congress will pass and send to President Barack Obama legislation overhauling the U.S. immigration system, saying "things are looking really good." Obama last week expressed hope Congress can get a deal done on immigration, possibly in the first half of the year.
Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.
London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.