Home builders this year have booked their strongest sales since the recession. A shortage of construction workers, however, is making it tough for them to deliver all those new homes on time.
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.
The main fund at Astenbeck Capital Management lost 7% in September, leaving it down 20% for 2015 as of Oct. 1 and on track for its worst year since its inception in 2008.
Volkswagen’s namesake passenger-car brand has unveiled a package of cost-cuts and sweeping changes to its model and diesel strategy in the wake of an emissions scandal.
Johnson & Johnson reported lower sales and profit in its latest quarter largely due to a stronger dollar that the company expects will keep squeezing its results.
After years of spending long hours behind the wheel without seeing their paychecks grow, U.S. truck drivers now have employers fighting for their services.
Real-estate investors are showing an increasing interest in charter school development as the demand grows for classroom seats and state and local governments become more willing to help finance charter-school projects.