Travelers in the Asia-Pacific region are expected to spend $216-billion next year, according to a new eMarketer report. » Read More
Transocean, the world's largest offshore driller, said Monday it would buy GlobalSantaFe for about $17 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its deepwater equipment.The deal includes stock, as well as pay-out to shareholders of both companies totaling $15 billion.
Virgin Mobile USA filed with U.S. regulators on Friday to raise up to $506 million in an initial public offering of Class A common stock, up from its earlier filing to raise up to $100 million.
British music group EMI urged its shareholders on Wednesday to start selling to private equity group Terra Firma after long-term suitor and rival Warner Music Group finally ruled out a counterbid.
U.S. consumer prices rose by a slightly bigger-than-expected 0.2% in June on higher food costs and they were up by the same amount after stripping out volatile food and energy prices, the Labor Department reported on Wednesday.
State Street, the world's biggest institutional money manager, Tuesday posted a better-than-expected 61% jump in quarterly profit and said revenue will be stronger than initially expected this year.
Chemical and plastics maker Basell said on Tuesday it would buy Lyondell Chemical in a deal valued at about $12.14 billion, giving Basell access to a key raw material and Lyondell's refining capacity.
Two ends of the market-cap spectrum that came out as current favorites in our conversation with Bob Parker. The Credit Suisse Asset Management vice chairman suggested buying both was a sensible strategy. So don't choose one over the other, take both, was the message.
One in 12 full-time workers in the United States acknowledges having used illegal drugs in the past month, the government reports.
Orthopedic sports medicine DJO said Monday it agreed to be acquired by medical device maker ReAble Therapeutics for $1.18 billion in cash.
General Electric reported a 10% increase in quarterly profit, as strong results at its commercial finance and infrastructure business, offset a loss at its subprime mortgage business.
Someday soon, Warren Buffett may have to apply his legendary stock-picking skills to the candidates clamoring for his endorsement in the 2008 presidential race.
A fine old storm we cooked up on the show this morning, and as is often the case the viewers were asking some of the toughest questions. Why had it taken the ratings agencies so long to decide some subprime debt needed reviewing? What else could be out there and are the agencies playing catch up?
Shares in Unilever rose more than 4% Wednesday on speculation in the market about Colgate-Palmolive being interested in all or part of the consumer products maker.
Irish food group Glanbia said on Tuesday it expected full-year results would be towards the upper end of analysts' expectations following a strong first half.
A deal to free up world trade could be delayed several years if no progress is made by the end of 2007, the United States said on Thursday, as it stepped up criticism of India and Brazil over failed talks.
U.S. mortgage applications were little changed from the prior week, with an increase in demand for loans to buy homes offset by a drop in applications to refinance, an industry group said on Thursday.
Coca-Cola is evaluating whether to make a bid for Snapple, the iced tea division owned by Cadbury Schweppes, as part of Coke's push into tea-based drinks, Coke Chief Executive E. Neville Isdell told Reuters.
Former World Bank chief Paul Wolfowitz, who resigned amid a furor over his handling of a bank pay package for his girlfriend, has joined the American Enterprise Institute, a think tank, as a visiting scholar.Wolfowitz moves to DC think tank
U.S. fund Cerberus Capital Management is likely to sell its $474 million stake in Japan's Imperial Hotel, the Nikkei business daily reported in its evening edition on Tuesday.
Barclays, which is competing with Royal Bank of Scotland to buy ABN Amro Holding in the largest takeover fight in the financial industry's history, said Monday it received approval from Dutch regulators to delay its proposed takeover.