December’s ‘Santa Claus rally’ appears to have gotten better with age, as the past five years have seen the S&P 500 gain nearly 2.5% on average during the month.
Portuguese authorities raided Lisbon premises of the collapsed Espirito Santo group and its bank, Banco Espírito Santo.
The European Central Bank on Thursday gave the region’s financial system its cleanest bill of health since the global financial crisis began seven years ago, although it warned that “generally ebullient” sentiment masks a weak economy.
Coca-Cola and SABMiller have struck a new multimillion-dollar brand and bottling deal as the companies, two of the world’s biggest drinks makers, eye a bigger share of the African beverage market.
Toyota Motor Corp. says the recent case of a Takata Corp.-made air bag inflater exploding in Japan happened in a Toyota vehicle.
National Institutes of Health researchers reported that a possible vaccine for the Ebola virus appears to be safe in early testing and that a clinical study in West Africa can go ahead as planned late this year or in early 2015.
Ziel Feldman, the founder and chairman of HFZ Capital Group, signed a contract Wednesday to buy a full city block in West Chelsea.
Woowa Brothers, a South Korean startup that operates the country’s most popular food-delivery mobile service, attracted $36 million in a new round of funding led by Goldman Sachs.
A measure of overseas demand for $105 billion of U.S. government bond sales this week climbed to multiyear highs, underscoring the appeal of U.S. bonds amid uneven global growth.
GoPro is developing its own line of consumer drones to expand from its core business of making wearable video cameras popular with surfers and other sports enthusiasts.
China’s central bank is readying a plan to set up a bank deposit-insurance system that would pave the way for eventually allowing banks to freely compete for depositors.
Falling consumer prices in Spain and Belgium, combined with a continued decline in bank lending to businesses across the eurozone, make it increasingly likely that the European Central Bank will soon conclude that more aggressive stimulus measures are needed.
Spain’s stock market regulator halted trade in shares of FCC, a debt-laden builder whose management is currently negotiating a deal so that Mexico’s Carlos Slim becomes one of its main shareholders.
Clarkson, the world’s largest shipbroker, said 92.6% of Oslo-based rival RS Platou’s shareholders have agreed to the takeover announced earlier this week.
Wal-Mart Stores Inc. is cutting nearly 30 directors and midlevel managers in China, where the retailer is pushing to contain costs and improve slumping sales.
Stocks in Japan edged lower early Thursday, ahead of a closely-watched OPEC meeting and after a quiet trading session in the U.S.
C&J Energy Services has started its court-ordered process of seeking alternative deal proposals to its planned merger with a Nabors Industries unit.
The Federal Reserve’s proposed rules for General Electric Co.’s GE Capital unit indicate the Fed is willing to tailor regulations for “systemically important” nonbank financial firms.
Investor Carl Icahn has agreed to provide $5 million in financing to see casino operator Trump Entertainment Resorts Inc. through the coming months as it tries to emerge from bankruptcy.
U.S. consumer spending was muted and business investment weak in October, suggesting a mild slowdown in the last quarter of the year following two quarters of robust economic growth.
Investors in the U.K. are bracing for a new wave of political risk ahead of the general selection set for May next year.
The European Parliament overwhelmingly approved a resolution that calls for a possible breakup of Google Inc., brushing aside last-minute objections from the U.S. Congress that the move risked politicizing an antitrust investigation.
The outcome of a crucial OPEC meeting remained unclear as ministers from the oil producing-group gathered at its Vienna headquarters amid a continuing fall in global oil prices.
Rémy Cointreau said net profit fell 25% in the first half of its financial year as the French drinks maker continues to battle a slump in demand from Chinese consumers.
A federal appeals court on Wednesday threw out antitrust claims by phone maker Motorola Mobility that sought damages from Asian electronics companies for alleged price fixing on liquid-crystal-display panels.
Salesforce.com gave Chief Executive Marc Benioff a nearly 8% raise in salary and target bonus and awarded him stock options with an indicated value of roughly $33 million.
Standard General LP has agreed to give up some of its stake in RadioShack Corp. in exchange for four board seats, a move that could help the struggling electronics chain stave off a bankruptcy filing.
U. S. authorities on Wednesday approved Medtronic’s $43 billion merger with Covidien after requiring the spinoff of a drug-coated catheter business.
AT&T Inc. on Wednesday backpedaled from a threat to freeze the rollout of its ultrafast Internet service because of uncertainty around the government’s net-neutrality rules.
Toyota said it will introduce less-costly crash-prevention systems to most of the vehicles it sells in its biggest markets starting next year, in a bid to usher the new technology into the mainstream.