Investors are bracing for an ugly start on Wall Street Monday, tracking a global-sell-off amid heightened fears that Spain will need a full-blown bailout.
U.S. stocks were poised to open lower Monday as investors remained wary ahead of quarterly corporate results and another eurozone meeting.
The $65bn merger between commodities trader Glencore and miner Xstrata was the verge of collapse after the sovereign wealth fund of Qatar, the second largest shareholder in the miner, opposed the terms of the deal.
Analysts are predicting plane tickets will get more expensive as more airlines merge in response to deep-seated structural problems in the industry.
NYSE Euronext shares fell 5% on Monday after the stock exchange operator reported a sharp decline in quarterly profits on weak trading volume and merger break-up costs.
News Corp. CEO Rupert Murdoch testified about press ethics in light of the phone hacking scandal in Britain.
British Culture Secretary Jeremy Hunt rejected suggestions Wednesday he had acted improperly in his dealings with Rupert Murdoch's News Corp.
The Cabinet minister who oversees British broadcasting came under fire Tuesday after the inquiry into the News Corp. hacking scandal revealed extensive contacts with the company while he weighed a controversial merger.
CNN's Richard Quest talks to Andrew Neil, Fmr. Exec. Chairman of Sky Television, about James Murdoch's resignation.
One year ago James Murdoch was widely regarded as heir-apparent to his father Rupert's global News Corp. media empire -- a remarkable turnaround for a college dropout once viewed as the family's black sheep.
Stocks finished lower Thursday, as a trifecta of downbeat U.S. economic reports overshadowed encouraging signs out of corporate America and Europe.
When film documentarian Maria Agui Carter and other Latino producers banded together 13 years ago to address their underrepresentation in mass media, the mission seemed daunting and desperate, Carter said.
U.S. stocks closed sharply lower Monday, the first trading day following a disappointing jobs report last week.
U.S. stocks were set to drop at the open Monday, as investors deal with the hangover from last week's disappointing jobs report.
China's largest aluminium producer intends to acquire SouthGobi Resources, a Mongolia-focused coal company listed in Toronto, for up to C$925m -- the biggest investment yet by a Chinese mining company in Mongolia as China seeks to tap the vast resources of its neighbour.
The patent war between Facebook and Yahoo may be only just starting.
Deutsche Börse said it would take the European Commission to court to try to overturn its decision last month to block its tie-up with NYSE Euronext, in what would have been the world's largest exchange deal.
A lump of coal in your stocking is not considered a good thing. But a lump of coal stocks in your portfolio could be lucrative if you buy into the latest Wall Street gossip about Warren Buffett.
Advancements in Internet technology are creating a new digital divide that threatens to widen the gap between the world's rich and poor, Google Chairman Eric Schmidt said in his annual Mobile World Congress keynote address on Tuesday.
What's the cost of a $4 billion gamble gone wrong?
Pringles will be getting a little extra snap, crackle and pop.
Competition regulators on both sides of the Atlantic have voiced unease with Google's $12.5bn acquisition of Motorola Mobility, with the US Department of Justice in particular raising a "significant concern" with the transaction.
In a huge consolidation of the international mining industry, Swiss company Glencore International has agreed to acquire rival Xstrata in an all-stock deal, according to a joint statement.
Glencore and Xstrata on Tuesday announced an all-share merger that would create a $90bn giant combining the world's largest commodities trading house with one of the biggest miners of thermal coal, copper, nickel and zinc.
The world's biggest commodity trader and mining giant to merge. CNN's Robyn Curnow reports.
The strong January jobs report may finally put a nail in the QE3 coffin.
Glencore and Xstrata have launched merger talks to create a $88bn commodities trading and mining giant with the financial muscle to sweep up some of its biggest rivals.
The parent company of the New York Stock Exchange said Wednesday that it plans to end its proposed merger with the parent of the Frankfurt exchange, after European officials blocked the deal.
AT&T handily beat Verizon in the battle for iPhone customers last quarter, but the company lost $6.7 billion in large part due to its failed merger with T-Mobile.
Apple has nearly $100 billion in cash. $97.6 billion to be precise. That is a lot of iDough. Even for Warren Buffett. Perhaps it's time for Apple to, I don't know, use some of it?
Wow. 2012 is only a few days old but there already have been some game-changing deals. Yahoo has agreed to acquire Netflix. Samsung is taking over Research in Motion. And Eddie Lampert is taking Sears private.
Yahoo co-founder Jerry Yang has resigned from the board of directors and all other positions at the company.
Now that the company has a phone, Sony can finally answer opportunity's calls.
The International Consumer Electronics Show, the giant gadget convention that wrapped up on Friday, has brought some frustrating news for AT&T or Sprint customers who bought a cutting-edge 4G smartphone last year.
In a presidential primary season distinguished so far by the absence of substantive debates, the controversy over whether Mitt Romney and his partners at Bain Capital should be considered job creators or job destroyers raises a profoundly important issue.
Royal Bank of Scotland is to cut an additional 3,500 jobs as the state-controlled bank rapidly shrinks its investment banking activities in response to the worsening economic outlook and wide ranging reforms of the banking sector due to take effect before the end of the decade.
Forget taxes, gun rights and gay marriage. The new hot-button campaign issue is private equity.
Sergio Marchionne, CEO of both Fiat and Chrysler Group, said that while he's pleased with the re-launch of the Fiat brand in North America last year, he was "incredibly naive" to think he'd sell 50,000 of the tiny cars in the U.S. in 2011.
After four leaderless months, Yahoo named Scott Thompson as its new CEO on Wednesday -- choosing an outsider to take over the helm despite shareholders' calls to sell the company.
A word of warning to public company CEOs: Watch your back and your competitors.
It looks like wine isn't the only thing that's being mulled this winter. A group of large tech firms have reportedly considered a takeover of struggling BlackBerry maker Research in Motion.
U.S. stocks surged Tuesday as concerns about the European debt crisis eased and investors welcomed signs of strength in the U.S. housing market.
U.S. stocks poised for higher open Tuesday, but investors remain cautious as they await developments in Europe.
Facing heavy resistance from the U.S. government to its $39 billion bid for T-Mobile, AT&T on Monday officially killed off the deal that would have created by far the nation's largest wireless company.
U.S. stocks closed sharply lower Monday as bank shares took a beating amid fresh concerns about the debt crisis in Europe.
U.S. stocks closed higher Thursday on upbeat jobs and manufacturing reports, but investors said the market remains nervous about the European debt crisis.
U.S. stocks pointed to a higher open Thursday, following an economic report showing that initial jobless claims hit a 3-year-low.
U.S. stocks tumbled Wednesday as the European debt crisis continued to weigh on the markets and a stronger dollar dragged down commodities prices.
Verizon pulled a rabbit out of its corporate hat earlier this month. The wireless giant announced a multibillion-dollar deal to purchase rights to largely unused spectrum, which is like an open lane on the congested wireless Internet highway. Verizon purchased these rights from Comcast and Time Warner, two large cable-TV companies, and the smaller Bright House Networks.
U.S. stocks ended in the red Tuesday, giving up an earlier rally, after the Federal Reserve kept rates unchanged and issued a tepid outlook.
U.S. stocks point to a higher open Tuesday, as investors weigh a tentative deal to fund the government into next year and await the Federal Reserve's meeting.
U.S. stocks tumbled in a broad sell-off Monday amid growing investor doubt that Europe's debt crisis will actually be resolved, and a sales warning from chipmaker Intel.
The oil industry has a problem.
U.S. stocks ended mostly higher Wednesday as investors bet that European leaders will produce a meaningful solution to the debt crisis at a highly anticipated summit this week.
U.S. stocks were poised for a higher open Wednesday, as the European sentiment weathervane pointed positive.
Facebook has acquired location sharing service Gowalla for an undisclosed sum, according to a source close to Gowalla.
Another day, another Yahoo buyout rumor. The latest chatter: Chinese Internet company Alibaba, of which Yahoo owns a stake, is preparing a takeover bid.
In a rebuttal that didn't mince words, AT&T fired back at the Federal Communications Commission, calling its report on the company's proposed merger with T-Mobile unfair, biased, one-sided, speculative, and cherry-picked for facts.
Ma Bell's plan to buy T-Mobile may still technically be on life support. But make no mistake, AT&T's stock looks pretty dead.
Shares of Chinese digital marketing firm Focus Media plunged Monday, after an analyst report accused the company of fraud.
European bond yields were still making traders nervous on Thursday, despite the European Central Bank's repeated bond-buying sprees.
While Google waits for regulatory approval on its bid to acquire Motorola Mobility, company executives have repeatedly worked to assuage partners' fears that the Android software developer is preparing to compete with them.
MF Global executives pled in bankruptcy court Tuesday for access to enough money to keep the company afloat.
U.S. stocks ended sharply higher Monday, as investors welcomed two merger announcements and strong earnings from Caterpillar.
M&A activity heated up this week but don't expect the latest big deal to spark a new round of merger mania.
Windows sales have softened, but strong demand for Microsoft's business software drove the company's revenue to a record seasonal high in the just-ended quarter.
You probably felt a sinking sense of déjà vu after Standard & Poor's downgraded the credit rating of the United States. A souring economy coupled with steep stock market plunges seemed eerily reminiscent of the financial panic of 2008.
A new iPhone is widely expected to debut next month for the three largest U.S. carriers, but T-Mobile will be left out, an executive for the carrier said at a technology conference on Monday.
Hewlett-Packard's board on Thursday ousted CEO Leo Apotheker after just 11 months on the job, replacing him with Meg Whitman.
Patent trolls -- companies that license patents but do not actually sell anything -- have long been looked on with fiery scorn in Silicon Valley. This week, a Boston University study offered fresh fuel for those flames.
Merger Monday has recently become Splitting Monday. The latest companies to adopt the "divide and conquer" strategy are Netflix and Tyco International.
If you had any doubts that nowadays people prefer to shop electronics online, the latest earnings report from Best Buy should make you a believer.
In a response to the government's antitrust suit against its proposed merger with T-Mobile, AT&T issued a glowing report on the wireless industry's health -- with the sole exception of the carrier it is trying to buy.
The government's antitrust lawsuit is bad news for AT&T, but it's potentially disastrous for T-Mobile.
"I'm so happy that I don't have to be an AT&T customer."
The U.S. Department of Justice wants to roadblock AT&T's merger with T-Mobile. But does that mean the deal is off?
The U.S. Department of Justice filed an antitrust lawsuit against AT&T on Wednesday seeking to block its $39 billion merger with T-Mobile.
Stocks rallied Monday, following a trifecta of positive news: A Greek bank deal, a solid U.S. consumer spending report and relief that Hurricane Irene caused less damage than expected.
Bank of America's continued efforts to recapitalize have been able to calm investors' minds in the last few days.
Give those credit card-loving Vikings a raise!
There was a frenzy of tech news across the Internet on Monday morning about Google's acquisition of Motorola's mobile phone division.
Walmart's acquisition of South African company Massmart has received opposition in the country as fear rises for local suppliers.
U.S. stocks moved solidly higher Monday, with major indexes rising about 2%, as merger activity set a positive tone on Wall Street.
Being the leader in a market is sooooo overrated. Sometimes, it's better to be an also-ran -- because then you get caught up in crazy takeover speculation!
HTC is making a $300 million bet that people want cell phones capable of producing high-quality audio. But will it pay off?
Capital One announced Wednesday that it will purchase the U.S. credit card arm of HSBC for $2.6 billion.
Kraft Foods Inc. announced Thursday that it will split into two different publicly traded companies.
No doubt about it, the job recovery has all but hit a standstill.
It was the winter of 2006, and EOG Resources executive vice president Kurt Doerr had to be wondering what the heck he was doing prospecting for oil in the frigid central plains of North Dakota. Sure, wildcatters had been pumping modest amounts of crude out there for decades. However, nobody had ever found a true gusher, and the timing seemed odd given that EOG's core business -- drilling for natural gas, not oil -- was absolutely booming. EOG's net income had just doubled, natural-gas prices were fresh off all-time highs, and cutting-edge technologies were opening up vast new gas fields like Barnett Shale in Texas.
Sprint is losing its most valuable subscribers to its biggest rivals. Shares are plummeting. And its once-leading 4G coverage is getting passed by.
After two years of hard work, the merger of Chrysler and Fiat becomes a reality.
While a multi-billion dollar merger of Express Scripts and Medco is far from a done deal, analysts say it could potentially save money for consumers if it is approved by regulators.
The E*Trade baby may soon have a reason to stop crying.
American Airlines announced a plan Wednesday to replace one of the largest commercial airline fleets, with hundreds of new leased airplanes from Boeing and Airbus.
There are many reasons to worry about what will happen if there is no agreement to raise the debt ceiling by August 2.
U.S. stocks fell Thursday after Federal Reserve chairman Ben Bernanke said that the central bank may not be as willing to move on further stimulus as previously thought.
The proposed $10 billion takeover of the operator of the New York Stock Exchange has received preliminary approval from Deutsche Boerse shareholders, the companies announced Thursday.