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What's News US

United Technologies CEO to Retire
Mon, 24 Nov 2014 09:44:11 EST - United Technologies disclosed the sudden retirement of Chief Executive Louis Chenevert and named Chief Financial Officer Gregory Hayes as his successor.
China Rate Cut May Lack Impact
Mon, 24 Nov 2014 09:23:18 EST - China’s move to slash lending rates to help slowing growth may lack punch, as Chinese banks will likely remain reluctant to lower loan rates for fears of hurting their profits.
Samsung Considers Shuffling Top Ranks
Mon, 24 Nov 2014 09:14:56 EST - Samsung is considering a major leadership shake-up after a year that saw its profitability, market share and stock prices slide.
U.S. Stocks Open Higher
Mon, 24 Nov 2014 09:43:49 EST - U.S. stocks opened higher Monday, poised for another record following gains in European and Asian stocks.
BofA Under Fire for Leader's Dual Role
Mon, 24 Nov 2014 08:00:11 EST - A faith-based shareholder group is asking Bank of America Corp. to separate the jobs of chairman and CEO, laying the groundwork for a potential showdown between the bank and some investors this spring.
BioMarin to Pay Up to $840 Million for Prosensa
Mon, 24 Nov 2014 06:00:05 EST - BioMarin Pharmaceutical said it agreed to acquire Prosensa Holding NV, a bet that regulators will approve Prosensa’s lead product candidate for a rare form of muscular dystrophy.
Redbox Raising DVD Rental Price by 25%
Mon, 24 Nov 2014 08:01:06 EST - Redbox is raising its DVD rental price by 25%, in a move that could improve the company’s stagnant bottom line and help the Outerwall Inc. unit invest in new technology.
RenaissanceRe to Buy Platinum Underwriters
Mon, 24 Nov 2014 06:45:27 EST - RenaissanceRe Holdings agreed to buy Platinum Underwriters Holdings in a stock-and-cash deal worth more than $1.9 billion.
BHP Outlines Plan to Cut Costs
Mon, 24 Nov 2014 01:05:19 EST - BHP Billiton outlined plans to cut costs further and curb investment spending, as the world’s biggest miner by market value looks to simplify and strengthen its business amid falling commodity prices.
Hedge Funds Bet on Coal-Mining Failures
Sun, 23 Nov 2014 23:32:13 EST - Hedge funds are betting that some of the largest U.S. coal companies are heading for the financial slag heap.
Saks Fifth Avenue Flagship Valued at $3.7 Billion For Loan
Mon, 24 Nov 2014 09:27:16 EST - Hudson’s Bay said Monday it took out a $1.25 billion mortgage on the ground floor of Saks’ flagship store in Manhattan and said the building has been appraised at $3.7 billion, well above what the Canadian company paid for all of Saks a year ago.
Oil Price Slide May Curb Gulf States' Spending Plans
Sun, 23 Nov 2014 21:18:27 EST - Lower oil prices are threatening to curtail the spending energy-rich Persian Gulf governments have used to shore up support since the Arab Spring.
EU to Unveil Fund to Aid Investment
Mon, 24 Nov 2014 04:23:14 EST - The EU is poised this week to announce a new fund that will use financial engineering in an effort to spark at least €300 billion ($370 billion) of additional investment in the continent’s moribund economy.
American Pilots, Management Agree to Continue Talks
Sun, 23 Nov 2014 21:19:01 EST - American Airlines Group Inc. and the union that represents its 15,000 pilots said they would continue to negotiate terms of a combined labor agreement, putting off for now a plan to reach a deal through arbitration.
Europe Stocks Rally
Mon, 24 Nov 2014 09:30:57 EST - European stocks and bonds rallied, still encouraged by hints of further stimulus from the ECB last week, even though strong German business sentiment data may diminish expectations for immediate action.
Latest 'Hunger Games' Ticket Sales Miss Target
Sun, 23 Nov 2014 19:25:53 EST - “The Hunger Games: Mockingjay Part 1” sold $123 million of tickets in its debut weekend, easily making it the biggest opening of 2014, but the box-office take was 22% lower than the prior movie in the series.
Post Shares Are Looking Soggy
Sun, 23 Nov 2014 20:02:18 EST - Ahead of the Tape: Disappointing performance at the food company’s legacy breakfast-cereal unit is expected to weigh down its results due Monday.

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