Nelson Peltz's Trian unveiled today a $2.5 billion stake in General Electric (GE). The investment, the largest in the hedge fund's history, is generally supportive of the current management's strategy. (CNBC)
American Apparel has filed for bankruptcy protection, crippled by huge debts, a precipitous fall in sales, employee strife, and a drawn-out legal battle with the retailer's ousted founder. (NY Times)
Potash (POT) has pulled its $8.9 billion bid for German rival K+S, due to resistance to the offer and the overall commodity and equity market decline since May, when the overture was first made. (Reuters)
Glencore shares were up 7 percent in London, after rocketing 72 percent higher in Hong Kong, on hopes the beleaguered trader and miner would be able to cut debt with agricultural assets sales. (Reuters)
Two top Volkswagen engineers, who found they could not deliver as promised a clean diesel engine for the U.S. market, are at the center of a company investigation into emissions cheating. (WSJ)
Soaked South Carolina residents were still knee-deep in deadly floodwaters this morning, after an historic drenching that was supercharged by the effects of offshore Hurricane Joaquin. (NBC News)
Democratic presidential frontrunner Hillary Clinton is set to unveil a sweeping gun control proposal today, including closing the "gun show loophole" and allowing victims of gun violence to sue firearm makers. (NBC News)
Donald Trump remains ahead in the early Republican nominating contests of Iowa and New Hampshire, but his lead has shrunk from a month ago, according to new NBC News/Wall Street Journal/Marist polls of these two states.
The average out-of-network ATM fee stands now at $4.52, up 4 percent from last year and 21 percent since 2010, according to a new report from Bankrate.com, a personal finance site that tracks banking costs.