When cold weather looms across the U.S., natural-gas prices usually rise. This year they are falling, after a record production boom nearly replenished stockpiles left at their lowest since 2003 by last winter’s freeze.
The list of major banks signed up to a new U.K. body aimed at overhauling banker behavior is almost certain to be missing at least one major name: Goldman Sachs.
Qatar’s sovereign-wealth fund is buying around a fifth of Lifestyle International Holdings for $616 million, making a play for department stores that are popular with mainland Chinese shoppers.
Australia’s government said it aims to raise as much as $4.82 billion through an initial public offering of the country’s biggest health insurer.
Apple Inc. on Monday will begin its bold undertaking to add a wallet to its iPhones. Participants include McDonald’s, Whole Foods and Walgreen. Yet the service won’t be ubiquitous overnight.
Tesoro Logistics is buying a natural-gas pipeline and processing business owned by QEP Resources in a $2.5 billion deal, the companies said late Sunday.
IBM will pay Globalfoundries $1.5 billion to take over IBM’s semiconductor operations.
Copper prices clung to $3 a pound last week as encouragement over stimulus efforts by China offset worries about slowing global growth.
Banks may not be finished tightening their belts, with low interest rates likely continuing to squeeze the profitability of lending and trading remaining a volatile source of revenue.
Denis McInerney, a lawyer recruited to oversee the Justice Department’s fraud section after the financial crisis, is returning to private practice at Davis Polk.