Reuters Business News - 42 min 9 sec ago
DUBLIN (Reuters) - Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea of how the company will be reconfigured as shareholders weigh up a takeover bid.
Reuters Business News - 58 min 28 sec ago
SINGAPORE (Reuters) - The yen edged higher on Monday after Japan's economics minister said further weakness in the yen could harm households, while Asian shares rose in response to U.S. equities rallying on upbeat economic data.
Reuters Business News - 1 hour 12 min ago
(Reuters) - New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal said on Monday, citing people familiar with the inquiry.
Reuters Business News - 1 hour 39 min ago
(Reuters) - Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the matter.
Reuters Business News - 1 hour 51 min ago
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.
CNN Business - 1 hour 54 min ago
Property prices continued to rise last month in China, defying policymakers who have sought to cool the housing market while preserving robust economic growth.
Reuters Business News - 2 hours 43 sec ago
LOS ANGELES (Reuters) - In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp.
Wall Street Journal - US Business News - Sun, 05/19/2013 - 11:52pm
Boeing and its customers are refocusing on fixing more technical issues that affect the reliability of the 787 jet, as the aircraft resumes commercial flights after battery woes that led to a global grounding.
CNN Business - Sun, 05/19/2013 - 11:50pm
Gas prices are slightly lower this year, but that's not leading to a large pick-up in consumer spending, according to a survey by Bankrate.com.
Reuters Business News - Sun, 05/19/2013 - 11:48pm
WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for fighting."
Reuters Business News - Sun, 05/19/2013 - 11:42pm
(Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on the case.
Reuters Business News - Sun, 05/19/2013 - 11:09pm
HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to market.
Wall Street Journal - US Business News - Sun, 05/19/2013 - 11:07pm
While rising labor costs have become almost routine for global mining firms locals in Brazil have been willing to take lower-level jobs such as operating a conveyor belt or maintaining machines for less than $10,000 a year.
Wall Street Journal - US Business News - Sun, 05/19/2013 - 11:01pm
Chesapeake Energy tapped Robert Douglas Lawler, a 46-year-old executive at Anadarko Petroleum, to succeed Chesapeake co-founder Aubrey McClendon as CEO of the nation's second-largest natural-gas producer.
Wall Street Journal - US Business News - Sun, 05/19/2013 - 10:39pm
Yahoo has agreed to pay $1.1 billion for Tumblr, a six-year-old company with more than 100 million users but very little revenue, a deal that highlights the shifting balance of power in the technology business.
NY Times Business News - Sun, 05/19/2013 - 10:32pm
Steven A. Cohen, rather than be subject to broad questions from prosecutors, is expected to assert his constitutional right against self-incrimination.
Reuters Business News - Sun, 05/19/2013 - 9:26pm
HONG KONG (Reuters) - Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favor.
Wall Street Journal - US Business News - Sun, 05/19/2013 - 9:17pm
An independent Scotland would have banking assets worth more than 1,250% of Scottish gross domestic product, putting taxpayers at significant risk in the event of another banking crisis, the U.K. Treasury said Sunday.
NY Times Business News - Sun, 05/19/2013 - 9:15pm
At JPMorgan Chase, the move to split the jobs of chairman and chief executive, now held by Jamie Dimon, comes as the bank is actually prospering.
NY Times Business News - Sun, 05/19/2013 - 9:02pm
Gary Pruitt said the Obama administration’s handling of a leak investigation had already diminished journalists’ capacity to report on the government.