Cargill's Black River Shutting Four Hedge Funds

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Cargill’s Black River Asset Management plans to shutter four of its hedge funds and return more than $1 billion to investors over the next several months.

Obama Asks Supreme Court to Review Insider-Trading Ruling

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The Obama administration asked the Supreme Court to review last year’s insider-trading decision by a federal appeals court that overturned two convictions and set a higher standard for proving the financial crime.

Deadline Draws Near for Puerto Rico

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Investors are bracing for Puerto Rico to default on about $58 million in bond payments in coming days, as the U.S. commonwealth attempts to restructure $72 billion in debt.

RBS Offers Big Rewards for Patient Buyers

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The U.K. bank’s radical restructuring launched in February promises to build a big capital surplus.

Shell to Cut 6,500 Jobs as Profit Drops

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Shell announced plans to slash 6,500 jobs amid a slump in oil prices that has sent a wave of job cuts rippling through the industry.

Three Coke Bottlers in Talks to Merge

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Three bottlers of Coca-Cola products in Europe are in advanced talks about a merger that would further a push by the U.S. soda giant to consolidate its bottlers around the world and lower costs.

Thrifty Sony Still Has Some Explaining to Do

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Sony has made great strides rationalizing costs and wooing back disillusioned investors. But color is still needed on how it plans to spend investors’ cash.

Bakken Driller's Reset Points to More Pressure on Oil

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Whiting Petroleum’s capitulation suggests oil price rallies will be capped in 2016.

Deutsche Bank's Hard Road Ahead

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John Cryan, Deutsche’s incoming chief, has to dig his way out of a deep hole.

Royal Dutch Shell Cuts Its Way to a New Look

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The U.K. oil and gas major is chopping jobs, costs and investment. That looks like as much an image makeover, as a financial one.

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