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The Goldman Sachs Group has received regulators’ permission to spend $5.65 billion to repurchase Berkshire Hathaway’s preferred shares in the banking giant.
Goldman said Friday that the Federal Reserve had approved its plan to repay Warren Buffett’s company for the $5 billion investment it made at the height of the financial crisis in the fall of […]
Gas prices continued to rise Monday, driven higher for nearly two weeks straight by the turmoil in Libya, with analysts expecting prices to keep climbing.
The national average price for a gallon of regular gasoline rose six tenths of a cent to $3.509, according to a daily survey by motorist group AAA.
Gas prices […]
House Republicans on Friday urged Senate Democrats to accept $4 billion in cuts as a compromise to keep the government running for two weeks past a March 4 deadline.
“A government shutdown is not an acceptable or responsible option for Republicans,” House Majority Leader Eric Cantor of Virginia said in a conference call where he and […]
NOTE: This article has been edited from a previous version.
Like many bond investors, Dominic is on the fence.
The Toronto investor, who asked that his last name not be used, likes bonds because they provide a reliable, steady return, more than a GIC, but without the risk associated with stocks.
He estimates his return was about 5 […]
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Rock-Tenn’s acquisition of Smurfit-Stone Container Corp. has received antitrust approval from the Federal Trade Commission, clearing the way for the $3.5 billion sale to proceed.
Both companies announced today that the FTC has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The sale is still contingent on the approval of […]
South Korean inflation accelerated more than forecast in January, breaching the central bank’s 4 percent ceiling and adding to the case for another increase in borrowing costs as early as next week.
The consumer-price index rose 4.1 percent from a year earlier, after gaining 3.5 percent in December, Statistics Korea said today in Gwacheon, south […]
U.S. Treasury Secretary Timothy F. Geithner said the Obama administration will continue to press China to allow the yuan to rise so that companies around the world can compete fairly.
“We think they should move faster,” Geithner said in a radio interview with National Public Radio’s “All Things Considered” program broadcast today. He said a […]
A Delaware bankruptcy judge has rejected Washington Mutual Inc.’s reorganization plan. The judge says the protection from future liabilities that it gives to the bank holding company’s former executives is too broad.
Judge Mary Walrath said the reorganization plan is reasonable in the way it calls for dividing up the company’s disputed assets. Doling out those […]
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Indian mergers and acquisitions in 2011 may surpass this year’s record $71 billion of deals, led by oil and gas, metals and mining companies, according to M&A bankers including Topsy Mathew of Standard Chartered Plc.
Billionaire Sunil Mittal’s $10.7 billion acquisition of mobile-phone operators in Africa led an almost four-fold increase in takeovers this year […]
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A small drop in unemployment claims and a higher profit forecast by FedEx Corp. helped push stocks up Thursday. The Dow Jones industrial average and the Standard & Poor’s 500 index closed at their highest levels of the year.
The Labor Department said first-time claims for unemployment benefits fell last week to 420,000, the third drop […]