A federal judge has dismissed a lawsuit accusing Credit Suisse of running a predatory loan-to-own scheme that plaintiffs claimed loaded four luxury ski and golf resorts with debt so it could foreclose on their assets.
The Swiss bank turned in a second-quarter profit, but divisions including Asia stumbled.
Shares have jumped but look susceptible as oil’s slide resumes.
Facebook said it could be on the hook for $3 billion to $5 billion in additional taxes as a result of an IRS investigation into how the social network transferred assets overseas.
Ocean clubs are caving in to type A telecommuters by upgrading internet service and allowing patrons to install routers and land lines.
Business-software maker Oracle agreed to buy NetSuite for $9.3 billion. The cloud-computer firm’s largest investor is Oracle Chairman Larry Ellison.
Microsoft Corp. plans to lay off 2,850 employees, adding to previously announced job cuts as it retools its sales operations and dismantles its mobile phone hardware business.
The online-retail giant continues to surprise on profit, but spending is likely to increase.
Midsize lender CIT is struggling to find the right size and business mix, even as it divests a profitable air leasing business.
A high price for NetSuite shows demand for cloud deals remains strong.