With Portugal all but shut out of financial markets in 2011, Espírito Santo managed to find a source of easy cash: selling debt to one of its own funds.
SAC is considering big changes as it restructures, including scaling back relationships with some Wall Street banks and perhaps changing its name.
Farmers and meat-industry officials said they embrace the Food and Drug Administration's effort to limit the use of antibiotics in livestock even as they don't see it changing much.
Western companies are shedding jobs in China after years of rapid expansion as the country's economic growth slows.
Facebook's Instagram app is launching a photo- and video-messaging service, soon after popular mobile app Snapchat spurned a $3 billion offer from the social network.
Lululemon lowered its outlook after saying hits to its reputation and continuing quality problems hurt sales of its yoga gear in November.
Jones Group is close to a deal to sell itself to private-equity firm Sycamore Partners in a roughly $1.2 billion offer for the footwear and apparel maker.
Prices climbed to a two-and-a-half-year high Thursday as one of the coldest autumns in more than a decade has kept stoking demand for the heating fuel.
Volkswagen replaced the head of its U.S. operation after several months of slumping sales for the auto maker's mass market VW brand.
Hilton Worldwide's CEO says the hotel company expects to introduce a new brand in 2014 aimed at affluent, young travelers by emphasizing style and design.