Stocks fell on Monday, with the S&P 500 and Nasdaq erasing early gains as disappointing U.S. factory numbers curbed optimism spurred by positive data on China's economy.
Industry
Goldman Sachs Fined $1.5 Million for Trading Glitch
Goldman Sachs Group Inc was fined $1.5 million to settle charges it failed to supervise its traders and allowing one futures dealer to hide billions in dollars from sight and causing a $118 million loss.
Apple Shares Tumble 4 Percent in Heavy Trade
Shares of Apple Inc tumbled nearly 4 percent on Wednesday, rounding off a bleak ten weeks for the most valuable U.S. company, with analysts citing factors such as increasing competition in the tablet market.
Delta Eyeing Singapore Airlines Stake in Virgin Atlantic
Even as Singapore Airlines reportedly holds talks with other airlines for a possible sell-out of its 49 percent stake in British carrier Virgin Atlantic, Delta Air Lines Inc, the second-largest U.S. airline by operating revenue, is said to be closing in on the stake.
Nokia Siemens Sells Optical Fiber Networks Unit
Mobile telecoms equipment maker Nokia Siemens Networks (NSN) decided to hive off its optical fiber networks unit to private equity firm Marlin Equity Partners in a bid to focus solely on mobile broadband.
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Japanese conglomerates Mitsubishi Heavy Industries and Hitachi Ltd have decided to merge their thermal power businesses to take a vantage position in the domestic fossil-fuel power business.
Even as ConocoPhilips clears the deck for sale of its 8.4 percent stake in Kazakhstan oil field Kashagan to India's oil & gas major ONGC Videsh for a total consideration of about $5 billion, some of ConocoPhillips' partners in the oilfield project could still exercise their right of first refusal on the stake.
The U.S. economy grew faster than initially thought in the third quarter as restocking by businesses provided a big boost, but consumer and business spending were revised lower in a sobering reminder of the recovery's underlying weakness.
The system of so-called "shadow banking" blamed for aggravating the global financial crisis grew to $67 trillion globally last year, a new high, amid calls from the world's top policymakers for greater control of the sector.
Gravity has taken hold of Apple, and a lot of investors have been smacked on the head. (Reuters) - Gravity has taken hold of Apple, and a lot of investors have been smacked on the head.
Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes and loaves of Wonder Bread, is seeking a U.S. court's permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers.
A standoff between Hostess Brands Inc. and thousands of its bakery workers was heading for a showdown Thursday as both sides declared they would not bend and were set to accept the demise of the historic maker of Twinkies and Wonder Bread.
California, long the national leader in clean energy policy, is poised to double down on its investments in the sector, with billions in new subsidies set to flow in over the next few years.
World stocks rose on Tuesday after U.S. markets turned higher, fueled by strong results from home improvement retailer Home Depot, while the euro rose from a more than two-month low against the dollar.
