Hedge-fund firm that nearly collapsed during the financial crisis is thriving again and expanding as aggressively as ever, unlike some competitors that turned cautious.
Alpha Natural Resources filed for chapter 11 bankruptcy protection Monday to cut its debt load of about $4 billion.
Suzuki Motor said that it was taking steps to lift its “corporate value” after New York hedge fund Third Point disclosed a stake in the auto maker.
China shares made tentative gains after officials announced fresh steps to rein in short selling, while commodities weakness spread to some Asian currencies, including the Malaysian ringgit.
Car sales probably can’t get much stronger than they were in July, but Americans will find another way to spend their money.
A federal judge gave the Securities and Exchange Commission seven days to say if it will change the way it appoints its administrative law judges.
Ahead of the Tape: Sprint may have good news and bad news Tuesday: subscriber numbers should stabilize but it still is in danger of losing its No. 3 market-share spot.
Former bank trader Tom Hayes was sentenced to 14 years in jail on Monday after a London jury convicted him of fraudulently trying to rig the London interbank offered rate, or Libor.
Hampered by a shallow, inland location and labor strife, Portland loses out on shipping container traffic.
Apple and Google are developing technology for smartphones that will study users’ activities and deliver information before they ask for it. The companies hope new features will keep users loyal.