American Airlines' bankrupt parent has asked a judge to extend by six weeks, through March 11, the period in which it has the exclusive right to propose a plan to exit bankruptcy.
Sectors
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.
Wall Street Slips After Weak Factory Data
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.
Hitachi Takes Over UK’s Horizon Nuclear Project
Even as the British Government lays the ground for its upcoming Energy Bill that will principally aim to promote a low-carbon energy economy in the country, Japanese energy and engineering major Hitachi has completed the acquisition of Britain's Horizon nuclear project.
Russian Oil Major Rosneft to Pick 50% in TNK-BP for $55bn
Russia's largest oil company Rosneft is all set to buy a 50% stake in TNK-BP from BP for a total consideration of about 55 billion.
Latest News
Boeing Co on Thursday asked for the aid of a federal mediator in contract talks with the union that represents its engineers, citing significant differences on pay and benefits.
JPMorgan Chase & Co sees a strong government presence in Brazil as a source for new business leads, a senior banker said on Thursday, highlighting the growing clout of the nation's public sector as an investment-banking client.
The U.S. government banned BP Plc from new federal contracts on Wednesday over its "lack of business integrity" in the Deepwater Horizon oil spill in 2010, a move that could imperil the British energy giant's U.S. footing.
The U.S. government is threatening to file civil securities fraud charges against SAC Capital Advisors and is tightening the regulatory screws around Steven A. Cohen, the $14 billion hedge fund's founder and one of the industry's most famous traders.
The U.S. Justice Department should investigate whether oil refineries created a perceived shortage of gasoline supply in May and October of this year when West Coast prices spiked to record highs, six Democratic senators said on Tuesday.
Long-time suitor ConAgra Foods Inc finally sealed a deal to buy private-label foods maker Ralcorp Holdings Inc for $5 billion, to tap into the booming business for packaged food that stores sell under their own brands.
The Congress advanced by inches on Tuesday toward compromise on taxes and spending, but a firm deal to avert the "fiscal cliff" at the end of the year still seemed miles away, despite growing pressure from business interests for action.
French cosmetics maker L'Oreal acquired U.S. make-up brand Urban Decay from private equity firm Castanea Partners as part of an effort to reach more upscale young consumers.
The McGraw-Hill Companies Inc has found a buyer for its textbook business, a unit that once steadied its results against the ups and downs of financial markets faced by its Standard & Poor's rating agency.
