The five airline workers suspected of accosting two Air France executives last week were held overnight and will stand trial in early December.
Fortress Investment said principal Michael Novogratz would retire from the firm and its board at the end of the year, and that money in the macro hedge fund he ran would be returned to investors by then.
Johnson & Johnson’s large share buyback reinforces its financial strength.
GE agreed to sell a major chunk of its U.S. commercial lending business to Wells Fargo as part of its continued exit from financial services.
Layoffs at Twitter could help refocus the company. But they could also be a sign of the company’s lowered ambitions.
Tired of checking work email at all hours? Some small firms say a strict 40-hour workweek has made employees more efficient and less stressed.
Michael Dell stepped out of the limelight when he took Dell private two years ago. Now he is back with what promises to be the biggest tech deal in history, a $67 billion acquisition of EMC.
U.S. banker James Staley is likely to land at Barclays PLC with a delicate balancing act to pull off: fine-tune its investment bank while squeezing profits out of the retail arm.
Lenders have made perhaps the harshest cut yet to a U.S. oil producer’s collateral-backed loans, slashing Emerald Oil Inc.’s credit line to less than its outstanding balance.
Fortress Investment Group LLC plans to close its flagship macro hedge fund after heavy losses and investor withdrawals, and Michael Novogratz, who runs the fund, is expected to leave the firm.