Motorola Inc. announced plans to separate its struggling handset business from other operations Wednesday, forming two separate publicly traded companies after months of agitation from frustrated investors.
The suburban Chicago-based cell phone maker has been under pressure from billionaire investor Carl Icahn for changes meant to revitalize its cell-phone business. The cell phone unit has seen […]
Stocks headed toward a higher open Monday as investors grew upbeat over a report that Bear Stearns Cos. could fetch more money than the amount set in a buyout deal a week ago.
JPMorgan Chase & Co. was in talks to boost its offer for Bear Stearns to $10 per share from $2, according to The […]
It’s been almost an article of faith: Any recession this year will be mild and brief. But now the stunning meltdown of a top Wall Street investment bank and stubbornly persistent financial market turbulence has called that into question, raising fears that severe problems in housing and the nation’s bedrock financial system could cripple the […]
SAN FRANCISCO (AP) - The credit crisis that has been haunting the stock market for months wasn’t enough to scare investors away from the IPO of the world’s largest credit card processor.
Overcoming the jitters that have battered many of the lenders that issue its cards, Visa Inc. sold 406 million shares at $44 apiece late […]
The Federal Reserve announced a series of new steps Sunday to help provide relief to a spreading credit crisis that threatens to plunge the economy into recession.
The central bank approved a cut to its lending rate to financial institutions to 3.25 percent from 3.50 percent, effective immediately, and created another lending facility for big investment […]
NEW YORK (AP) - Stocks tumbled Friday after a plan to alleviate a liquidity crisis at Bear Stearns Cos. touched off concerns about the severity of credit troubles. The Dow Jones industrial average gave up about 175 points.
The plan by the New York Federal Reserve and JP Morgan Chase & Co. offers Bear Stearns relief […]
NEW YORK (AP) - The dollar fell against most major currencies on Wednesday, including a new low against the euro, which fetched $1.55, as skepticism grew over the latest U.S. Federal Reserve Bank plan to restore calm to jittery global credit markets.
The Fed on Tuesday unveiled a rescue package that would direct as much as […]
The fate of a $35 billion Air Force contract is out of the hands of the military.
Boeing Co. said Monday it will formally protest the refueling tanker contract awarded to European Aeronautic Defence and Space Co. and Northrop Grumman Corp.
While that official protest, to be filed Tuesday, puts the contract under review of the Government […]