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The Federal Reserve Thursday released a set of detailed plans banks have put together to correct problems in their mortgage-servicing and foreclosure-processing operations.
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Canadian stocks continued to rise on Thursday as industrials and consumer staples shares posted robust gains.
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Following the high-profile, $2 billion-plus sale of the Los Angeles Dodgers earlier this year, the New York Yankees are reportedly considering a sale of the famed Bronx franchise.
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General Electric Co. (GE) has agreed to pay $300 million to take a 0.8% stake in Brazilian industrial conglomerate EBX, which is owned by billionaire businessman Eike Batista.
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WOLFSBURG, Germany -(Dow Jones)- Volkswagen AG's (VOW.XE) top labor representative and deputy supervisory board chairman said Thursday he expects an agreement on staff taking a stake in the company to be reached soon.
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Italian and Spanish insurers would have the most to lose were Greece to leave the euro zone, Fitch Ratings said on Thursday.
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Statoil ASA (STO) is the latest company to look to send North Sea oil to South Korea in June as part of an increasingly common trade that until last year was virtually unheard of, ship brokers said Thursday.
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Among the companies with shares expected to actively trade in Thursday's session are Hewlett-Packard Co. (HPQ), Pandora Media Inc. (P) and NetApp Inc. (NTAP).
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The port-operating arm of Danish industrial conglomerate A.P.
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German logistics and mailing company Deutsche Post AG (DPW.XE) said Thursday it expects earnings before interest and tax, or EBIT, to climb strongly until 2015 due to growth in the DHL divisions and stabilizing earnings at the mail division.
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China Steel Corp. (2002.TW), Taiwan's largest steel producer by revenue, plans to keep domestic prices of most steel products for the July-August period unchanged, citing concerns over the rising global uncertainty associated with the European debt crisis and impact from recent hikes in local fuel and power prices.
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SHENYANG, China -(Dow Jones)- BMW AG (BMW.XE) and its joint-venture partner Brilliance China Automotive Holdings Ltd. (1114.HK) will together invest an additional EUR500 million to increase production capacity in China, the German car maker said Thursday, suggesting that luxury-car makers remain upbeat about growth potential in China amid economic concerns in Europe.
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Airline Norwegian Air Shuttle ASA (NAS.OS) said Thursday it has entered into an agreement with International Lease Finance Corp. for the lease of two new Boeing 787-8 Dreamliner long haul aircraft.
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Switzerland's competition authority Thursday said it was fining BMW AG (BMW.XE) 156 million Swiss francs ($163 million) for the German motor-vehicle maker's obstruction of car imports.
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Hong Kong stocks struggled for direction in choppy early trading Thursday ahead of a preliminary HSBC gauge of China's manufacturing conditions in May, as telecommunication and airline shares declined to counter an advance for insurers and some property developers.
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Japanese stocks recovered from a weak open in early Thursday trading, as a summit of European Union leaders yielded fresh commitments to keep Greece in the euro zone.
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Negotiations between unionized workers at Canadian Pacific Railway Ltd. (CP) and the company's management are getting more difficult, federal Labor Minister Lisa Raitt said late Wednesday.
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A bankruptcy judge approved Residential Capital LLC's request to stop funding home-equity lines of credit Wednesday as the subprime lender looks to preserve value for creditors.
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German industrial conglomerate Siemens AG (SI, SIE.XE) is interested in participating in a tender auction to build a high-speed rail link between Rio de Janeiro and Sao Paulo and could boost investments in the South American country if the controversial project becomes reality.
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Monsanto Co. (MON) is paying $210 million for a maker of crop-planting technology as the agribusiness company steps up efforts to diversify beyond seed production.
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Canadian Pacific Railway Ltd. (CP) said Wednesday it will idle more than 2,000 additional unionized workers this week as a result of the strike of 4,800 Canadian engineers, conductors and rail traffic controllers Wednesday.
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SOPOT, Poland -(Dow Jones)- The Polish treasury ministry may drop its earlier plan for a tie-up of two state-controlled power companies, blocked by the country's antitrust office, Treasury Minister Mikolaj Budzanowski told an economic conference Wednesday.
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Activision Blizzard Inc. said Wednesday morning that "Diablo III," a new online, PC-based game, sold more than 3.5 million copies in its first 24-hours after launching.
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Ford Motor shares rose 2% to $10.41 early Wednesday after Moody's elevated the car maker's debt to investment grade status.
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Take-Two Interactive Software Inc. saw its shares jump 7.8% to $12.02 on Wednesday morning.
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General Motors Co. (GM) Vice Chairman Steve Girsky said action needs to be taken to address large overcapacity in the European car industry, according to an advance copy of an article in Die Zeit to be published Thursday.
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The receivers in charge of bankrupt Saab Automobile AB's estate are no longer negotiating a potential sale of the Swedish car maker's assets with Chinese car maker Zhejiang Youngman Lotus Automobile Co., Swedish Radio reports Wednesday, citing a source familiar with the matter.
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AirAsia Bhd (5099.KU), Southeast Asia's largest budget airline by fleet size, Wednesday said its fiscal first quarter net profit rose marginally as higher fuel costs offset gains in number of passengers carried.
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Singapore Airlines Ltd. (C6L.SG) Wednesday said that the island nation's state investment firm Temasek Holdings has raised its stake in the airline by a percentage point to 56% via a series of open market transactions.
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More North Sea crude is set to head to Asia in June, shipbrokers told Dow Jones Newswires Wednesday, continuing a trend that has helped prop up the price of oil in the North Sea region since it emerged at the end of last year.
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China State Council, or the cabinet, on Wednesday repeated Premier Wen Jiabao's pledge over the weekend to giver bigger priority to economic growth, while stressing stimulus policies, including tax reforms and speeding up the construction of existing large infrastructure projects.
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More North Sea crude is set to head to Asia in June, shipbrokers told Dow Jones Newswires Wednesday, continuing a trend that has helped prop up the price of oil in the North Sea region since it emerged at the end of last year.
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Volkswagen AG's (VOW.XE) Audi premium brand will invest around EUR1 billion in its new plant in Mexico, Audi Chief Executive Rupert Stadler is cited as saying by German trade publication AUTOStrassenverkehr.
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The U.K.'s competition regulator said Wednesday that British Sky Broadcasting Group PLC (BSY.LN) won't have to alter its movies business as the pay-television operator's stranglehold on newly-released films has been weakened by the arrival of U.S.-based Internet movie service company Netflix Inc. (NFLX).
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Qantas Airways Ltd. (QAN.AU) said Wednesday that it will cut back on mainly domestic flights to and from Australia's Northern Territory.
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Chinese shipper Sinotrans Ltd. (0598.HK) said Wednesday that the board of Grandstar Cargo International Airlines, a freight forwarder jointly owned by a unit of Sinotrans and Korean Air Lines Co. (003490.SE), has approved plans to liquidate the carrier amid mounting losses and lackluster prospects in the air-freight market.
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Chinese shipper Sinotrans Ltd. (0598.HK) said Wednesday that the board of Grandstar Cargo International Airlines, a freight forwarder jointly owned by a unit of Sinotrans and Korean Airlines Co. (003490.SE), has approved plans to liquidate the carrier amid mounting losses and lackluster prospects in the air-freight market.
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Japanese stocks opened lower Wednesday against the backdrop of a surprise downgrade to the nation's sovereign debt and weaker-than-expected trade data, with the U.S. providing a mixed lead.
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Ford Motor Co. (F) bond prices soared late Tuesday after the automaker received another ratings upgrade that officially places the automaker in the investment-grade universe.
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RailAmerica Inc. (RA) said Tuesday its board is considering strategic alternatives for its business, including a potential sale of the company.
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Moody's Investors Service on Tuesday left unchanged its Ba1 credit rating on General Motors Co. , adding the car company's outlook remains positive.
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Moody’s Investors Service raised Ford's credit rating to “investment grade” and returned its coveted Blue Oval trademark.
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A possible work stoppage between Canadian Pacific Railway (CP, CP.T) and its 4,800 engineers, conductors, yardmen and rail traffic controllers, would negatively impact Canada's competitiveness on the world grain market, said an official with the Canadian Wheat Board.
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Moody's Investor Services raised its credit rating and outlook on Ford Motor Co. Tuesday, citing the car maker's strength in North America, strong liquidity, and sound financial discipline.
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Further signs of rejuvenation in the corporate market are luring major borrowers to issue jumbo-sized bond deals Tuesday.
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Delta Air Lines Inc. (DAL) will begin taking delivery of Boeing Co. (BA) 717 aircraft as early as 2013 and has agreed to sublease all 88 of Southwest Airlines Co.'s (LUV) Boeing 717s over three years.
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Ally Financial Inc. will provide dealer financing to Forest River Inc., a maker of recreational vehicles, under a deal announced Tuesday.
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Asia Aviation PCL, a holding firm that owns a 51% stake in budget carrier Thai AirAsia, Tuesday priced the initial public offering shares of the Thai airline at THB3.70 apiece, raising up to THB4.48 billion ($143 million).
