A new plan to wind down the remnants of nationalized Hypo Alpe-Adria-Bank International will see owners of the banks’ debts take steep losses, Austria’s finance minister said.
Five people who brought injury claims to GM’s compensation fund as a result of defective ignition switches have rejected settlement offers.
Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.
Actavis plans to complete its more-than-$20-billion bond offering on Tuesday, the latest sign of a booming bond market and a deal which would rank as the second-largest corporate offering on record.
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 French government said Monday it planned to sell a 3.96% stake in aerospace supplier Safran SA, as France seeks to bring down its public debt.
Many investors have switched to low-cost index funds, but some stick with actively managed funds, hoping to beat the market. Two experts debate both approaches.
Behind the scenes in Europe, banks regularly dole out lucrative work to their competitors, partly based on how much business they will receive in return.
A surging stock market makes investors feel smart. With the S&P 500 near an all-time high, pay heed to the many ways you can go wrong.