Proposed Rules Hit Shares of Mortgage REITs

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New rules proposed by a federal agency on Tuesday hit shares of some mortgage real-estate investment trusts which could lose access to a low-cost source of funding if the plan moves forward.

Halliburton to Settle Deepwater Horizon Claims for $1.1 Billion

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Halliburton said it agreed to a $1.1 billion settlement covering a substantial majority of claims related to the 2010 Deepwater Horizon rig explosion in the Gulf of Mexico.

Anglo American CEO Open to Offers

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The chief executive of Anglo American, one of the world's largest mining companies, said he won't pull up the drawbridge if a compelling takeover offer arrives.

Conn's Sees Headwinds in Credit Operations

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Furniture and appliance retailer Conn's reported lower-than-expected fiscal second-quarter earnings as more customers failed to make payments for its consumer credit division.

Dollar General Raises Family Dollar Bid to $9.1 Billion

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The battle for over U.S. retailing's discount aisle escalated, as Dollar General raised its bid for Family Dollar Stores and warned it could try a hostile takeover if its smaller rival doesn't agree to talks.

Danone's Riboud to Give Up CEO Post

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Danone said CEO Franck Riboud would step down from the job he has held at the French dairy company for 18 years. He will remain chairman.

Darden's Board Listing to Starboard

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The owner of the Olive Garden restaurant chain said it would raise the number of directors that activist investor Starboard Value can nominate, and replace another four board members.

'Sea Turtles' Travel Home to China

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Native executives who return home from overseas are prized by Chinese firms because they understand the nuances of Chinese culture and can draw upon Western practices to help their new employers expand.

Kering Takes Control of Eyewear

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French luxury conglomerate Kering said Tuesday it created a business unit to increase its eyewear sales on both the wholesale and retail levels, in a move that will allow the company to manage marketing, design and distribution internally.

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