U.S. to sell final $1.25 billion shares of Ally Financial from bailout

The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc (ALLY.N) acquired under the government's bailout of the auto lender, Ally said on Thursday.


American Apparel approached for possible buyout

Clothing manufacturer American Apparel Inc (APP.A) has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources.

U.S. banks to move cautiously into Cuba, trade groups say

U.S. banks will be able to do more business in Cuba after the United States and the island nation agreed to restore diplomatic ties, but trade groups said their members will be slow to ramp up operations, fearing big penalties for mistakes.

Icahn offers $20 million to keep Atlantic City Trump casino open

Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast.


Latest News

U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA) NV (FCAU.N).
Late on Monday night Russia's central bank governor wrung out an agreement with her officials to impose the country's biggest rate hike since the financial crisis of 1998 -- with the approval of President Vladimir Putin.
Deutsche Bank AG (DBKGn.DE) said it would review its strategy in 2015 after a business magazine said it was considering major changes, possibly including the sale of its Postbank-branded (DPBGn.DE) retail unit and a revision of its profit targets.
Nissan Motor Co Ltd (7201.T) said on Wednesday it has ordered the recall of more than 80,000 vehicles sold in Mexico to check for potential defects stemming from air bags made by Japanese company Takata Corp (7312.T).
China's JD.com Inc (JD.O) has partnered Gap Inc (GPS.N) to sell the U.S. clothing retailer's apparel online in China, as the Beijing-based e-commerce company goes head to head with Alibaba Group Holding Ltd (BABA.N) to woo big foreign fashion names.
Boeing Co (BA.N) will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker.
A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud.
The ruble weakened against the dollar and euro on Thursday with traders saying President Vladimir Putin had so far offered no concrete measures to pull Russia out of a crisis at his end-of-year news conference.
Brent crude held steady above $61 a barrel on Thursday, bringing a sharp drop in prices to a temporary halt as companies are forced to cut upstream investments around the world.
The Federal Reserve on Wednesday offered a strong signal that it was on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.