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What's News US

Once Again, Oracle Must Reinvent Itself
Fri, 19 Sep 2014 21:06:07 EDT - Oracle's Larry Ellison was a master of corporate reinvention. But today the database powerhouse he built faces challenges, and his departure as CEO intensifies the central issue surrounding the company's future: Can Oracle endure tectonic shifts that are reshaping its market?
Fed Rate-Hike Tool Stirs Some Concern
Fri, 19 Sep 2014 21:02:01 EDT - Federal Reserve Chairwoman Janet Yellen spent months devising a strategy for managing short-term interest rates. Two days after the plan's release, some market participants warn the new approach may have flaws.
U.S. Stocks Finish on Mixed Note
Fri, 19 Sep 2014 20:36:26 EDT - Stocks finished in mixed territory Friday, capping a week of strong gains, as investors welcomed Scottish voters' decision to remain part of the U.K., while shares of Alibaba Group Holding made its trading debut with a sharp rise.
GM Told to Open Defect Files
Fri, 19 Sep 2014 19:29:07 EDT - Hundreds of car owners suing General Motors over an ignition-switch flaw got a boost when a New York judge ordered the auto maker to turn over internal documents about its handling of the defect to plaintiffs' attorneys.
Glaxo Guilty of Bribery in China
Fri, 19 Sep 2014 19:37:58 EDT - GlaxoSmithKline said a Chinese court found its subsidiary guilty of bribery, and fined the company nearly $500 million, in what Chinese state media said was the largest ever corporate fine.
Vivendi to Sell GVT to Telefónica
Fri, 19 Sep 2014 09:58:34 EDT - French media and telecom conglomerate Vivendi said it would sell its Brazilian unit GVT to Spanish telecom giant Telefónica in a deal valued at around $9.3 billion.
Cocoa Surges on Ebola Fears
Fri, 19 Sep 2014 19:01:01 EDT - Prices for the key chocolate ingredient have surged by over 6% this week amid fears the deadly Ebola virus spreading through West Africa could disrupt the region's supply of cocoa.
ITT Under Scrutiny from Two Agencies
Fri, 19 Sep 2014 20:01:45 EDT - Troubles in the nation's for-profit college industry accelerated on Friday as ITT Educational Services Inc. disclosed that two federal agencies have placed the struggling education company in their cross hairs.
Citigroup Shortlists Buyers for Japan Retail Unit
Fri, 19 Sep 2014 20:11:51 EDT - Citigroup has shortlisted several Japanese firms, including the country's second biggest lender, Sumitomo Mitsui Financial Group, as buyers for its retail bank in the country, according to people with knowledge of the matter.
Goldman Sachs Defends Actions on Libya Fund
Fri, 19 Sep 2014 18:26:17 EDT - Goldman defended its actions in seeking business from Libya's wealth fund during the Gadhafi regime, arguing that the fund's managers weren't 'financially illiterate.'
Siemens Preps Bid for U.S. Firm
Fri, 19 Sep 2014 19:58:45 EDT - Siemens is preparing a multibillion-dollar offer for U.S. energy firm Dresser-Rand, according to people familiar with the matter, likely edging out an earlier offer from Swiss rival Sulzer.
Judge Permits Hedge-Fund Manager to Seek Lawyer's Disqualification
Fri, 19 Sep 2014 18:16:57 EDT - A federal judge in New York said Thursday he will hold a hearing next month on whether lawyer John Moscow should be disqualified from defending companies involved in a Russian tax fraud case.
GM to Build New Cadillac
Fri, 19 Sep 2014 15:34:46 EDT - General Motors plans to build a new rear-wheel drive Cadillac at its Detroit-Hamtramck assembly plant, with production expected to begin late next year.
Hertz to Pay Ex-CEO Frissora $10.5 Million Cash
Fri, 19 Sep 2014 18:00:29 EDT - Hertz Global Holdings said it will pay former Chief Executive Mark Frissora about $10.5 million in cash, a majority of his bonus for 2014 and other equity-related compensation as part of a separation agreement.
Total in Talks to Sell Bostik to Arkema
Fri, 19 Sep 2014 03:29:11 EDT - French oil major Total is in exclusive talks with chemical group Arkema to sell its adhesive maker Bostik for about $2.25 billion.


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