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Updated: 1 hour 47 min ago

Suicides at Hon Hai Spark Inquiries

Thu, 05/27/2010 - 05:56
Apple, Dell and other electronics companies said they are investigating the steps that major supplier Hon Hai is taking to address a recent spate of suicides at a factory in China.

'Fair Value' Plan May Cost Banks

Wed, 05/26/2010 - 21:40
The Financial Accounting Standards Board proposed a requirement that banks use market values for loans on their books, a controversial move that could cause steep declines in some banks' overall book value.

Credit Unions Fight Cap Law

Wed, 05/26/2010 - 17:31
A showdown between credit unions and banks could have serious implications for small-business lending.

Lenders Flouted Risks During Boom

Wed, 05/26/2010 - 16:59
Mortgage lenders relied on flawed risk models during the housing boom and allowed themselves to be lulled into a false sense of security by a strong economy, a new study concluded.

BP Begins 'Top Kill' Operations

Wed, 05/26/2010 - 14:10
BP said it started its "top kill" operation to plug the leaking well that has been gushing hundreds of thousands of barrels of crude into the Gulf. The procedure could take up to two days to implement.

U.S. Stocks Broadly Higher

Wed, 05/26/2010 - 13:51
Solid economic data and some easing of concern about new financial-industry regulations helped lift major stock indexes.

Toll Posts Narrower Loss

Wed, 05/26/2010 - 13:35
Toll Brothers' fiscal second-quarter loss narrowed, and the luxury homebuilder said it believes a recovery in the housing market is under way.

Jean-Paul Gaultier Exits Hermès

Wed, 05/26/2010 - 13:23
Hermès said designer Jean-Paul Gaultier is leaving the company after seven years, during which he supervised women's ready-to-wear operations for the company.

British Airways Resumes Strike Talks

Wed, 05/26/2010 - 12:56
British Airways said it expects to increase its flight schedule during the next five-day strike by cabin crew as negotiations aimed at ending the long-running dispute resumed.

Amazon, Penguin End Dispute

Wed, 05/26/2010 - 12:39
Amazon and Penguin have resolved their differences over the book-pricing model that enables publishers to set their own retail prices. Penguin is again making digital titles available for the Amazon Kindle e-reader.

Durable-Goods Orders Jump

Wed, 05/26/2010 - 12:36
Durable-goods orders increased 2.9% in April, primarily pushed forward by a huge surge in civilian airplanes. Separately, new-home sales climbed, buoyed by an expiring tax credit.

Benmosche: AIG on 'Clear Path' to Repay U.S.

Wed, 05/26/2010 - 12:29
AIG is on track to repay the U.S. government, the insurer's President and CEO Robert Benmosche will testify at a congressional hearing.

AstraZeneca Poaches R&D Head

Wed, 05/26/2010 - 12:09
AstraZeneca hired a senior executive from rival Pfizer to head its drug research efforts, while Pfizer scrapped a short-lived experiment with having two heads of research.

Expedia Sets Local Path in China

Wed, 05/26/2010 - 12:07
Expedia is spending at least $50 million in China over the next two to three years, as the online travel company relies on autonomous local subsidiaries.

European Medicines Agency Faces Cuts

Wed, 05/26/2010 - 11:50
Europe's fiscal troubles will probably lead to cuts in the European Medicines Agency's budget, the head of the EMA said in an interview, adding that the drug-review body will probably have to charge pharmaceutical companies more for its services as a result.

Iraq Dissolves Iraqi Airways

Wed, 05/26/2010 - 11:03
Iraq's government dissolved its state-owned carrier, Iraqi Airways, amid a legal dispute with neighbor Kuwait dating back to Saddam Hussein's invasion of that country.

SEC Expands Disclosures for Municipal Securities

Wed, 05/26/2010 - 11:01
The SEC voted 5-0 on new rules requiring municipal securities issuers to provide more data to regulators. The agency also approved a proposal for an audit trail for orders.

South Africa Beer Dispute Brews

Wed, 05/26/2010 - 10:50
SABMiller and Heineken are squaring off over the pricing of the Dutch firm's Amstel beer in South Africa as the country counts down to the soccer World Cup.

EU Proposes Bank Levy

Wed, 05/26/2010 - 10:43
The European Commission proposed that each EU government levy a tax on its banks and use the proceeds to create a fund dedicated to ensuring the "orderly failure" of troubled banks.

Geithner Urges Europe to Reassure Markets

Wed, 05/26/2010 - 10:29
U.S. Treasury Secretary Timothy Geithner, meeting in London, said the principles of Europe's proposed financial overhaul "have the right elements," but he urged action to assure markets.