Five people who brought injury claims to GM’s compensation fund as a result of defective ignition switches have rejected settlement offers.
George Sohos, the longtime head of KCG Holdings’ profitable market-making division, has resigned from the company.
Brazilian mining company Vale closed a deal to sell an additional 25% of the gold from its Salobo mine to Canada’s Silver Wheaton, as it seeks to shore up cash flow in a depressed commodities market.
Brazil’s state-run oil firm said it would sell about $13.7 billion in assets in 2015 and 2016, a sharp increase from a previously announced divestment plan, as it continues to slim down in the wake of a vast corruption scandal.
Mylan Inc. said fourth-quarter profit rose 5% as the drug company said it had an “exceptional” quarter.
Lumber Liquidators countered accusations raised on “60 Minutes” Sunday that the company sold laminate flooring that didn’t meet safety standards, saying the attacks were driven by short sellers.
Salix swung to a loss in the fourth quarter as the drug maker recorded sharply lower revenue amid a push to clear out inventory ahead of its merger with Valeant.
Caesars Entertainment reported that growth in food and beverage sales provided an additional boost to modestly higher casino revenue.
At a private meeting with top European telecommunications firms in December, a Google Inc. envoy made a surprising pitch: let’s bury the hatchet.
The Nasdaq Composite closed above the 5000-point level for the first time in almost 15 years, marking a milestone in the revival of an index that once was synonymous with dot-com excess.