German engineering giant Siemens is slated to announce as soon as Monday a multibillion-dollar deal to acquire U.S. oil-equipment maker Dresser-Rand, a person familiar with the matter said.
India is planning an upgrade to its solar-energy infrastructure and will soon invite bids for the development of solar parks.
One year into leading U.S. Steel, Mario Longhi says "everything is on the table" as he tries to bring the company back from five years of losses.
New York's top financial watchdog has launched an investigation into sales practices surrounding indexed universal life insurance, a hot new product.
As officials flag worries about a soft housing recovery, they face a hard question: Is the drag on housing due mainly to tight lending standards? Or is the real culprit weak demand?
Apple began selling its newest iPhones in stores, and the appeal of bigger screens attracted longtime devotees of the smartphone—as well as people seeking to profit by reselling it.
Energy Future Holdings opened the bidding to the firm's rights to Oncor, a Texas transmission business, after filing proposed rules Friday with the U.S. Bankruptcy Court overseeing its Chapter 11 case.
Goldman defended its actions in seeking business from Libya's wealth fund during the Gadhafi regime, arguing that the fund's managers weren't 'financially illiterate.'
Troubles in the nation's for-profit college industry accelerated on Friday as ITT Educational Services Inc. disclosed that two federal agencies have placed the struggling education company in their cross hairs.
Citigroup has shortlisted several Japanese firms, including the country's second biggest lender, Sumitomo Mitsui Financial Group Inc., as buyers for its retail bank in the country, according to people with knowledge of the matter.
China has been Asia's top buyer of overseas assets for years, but inside the country, the pendulum of buyers is shifting. China's buyers are increasingly the companies helmed by homegrown entrepreneurs on the lookout for Western brands and technology.
Bankers for Alibaba Group Holding maximized the size of the deal, officially making it the biggest initial public offering ever, at $25 billion.
"The Maze Runner" found its way into the lead of new movies, with an estimated weekend box office in North America of $32.5 million.
Daimler is targeting emerging markets such as Africa and Southeast Asia with a line of stripped-down trucks produced in India.
Finance ministers from the world's biggest economies reaffirmed a pledge to sharply boost world growth through more infrastructure spending, amid demands for some participants—especially European countries—to do more.
The Group of 20 industrial and developing nations on Saturday agreed to raise global growth by 2% in the next five years via a wide-reaching package of structural measures.
A federal judge in New York said Thursday he will hold a hearing next month on whether lawyer John Moscow should be disqualified from defending companies involved in a Russian tax fraud case.
Oracle's Larry Ellison was a master of corporate reinvention. But today the database powerhouse he built faces challenges, and his departure as CEO intensifies the central issue surrounding the company's future: Can Oracle endure tectonic shifts that are reshaping its market?
Prices for the key chocolate ingredient have surged by over 6% this week amid fears the deadly Ebola virus spreading through West Africa could disrupt the region's supply of cocoa.
iemens AG is preparing a multibillion-dollar offer for U.S. energy firm Dresser-Rand, according to sources, likely edging out an earlier offer from Swiss rival Sulzer AG.
Regulators are poised to require that accounting firms identify who is in charge of each audit they perform at publicly traded companies. But just where that disclosure will happen is still up for debate.
BlackBerry CEO John Chen said that years of layoffs and shrinking at the smartphone maker had come to an end, the latest signal that his plan to abandon the consumer market is showing results.
State-owned conglomerate China Resources Power Holdings Co. Ltd.'s President Wang Yujun resigned effective Monday, the company said.
The record initial public offering by Alibaba Group Holding Ltd. is set to spur greater appetite for new listings and should support the U.S. stock market's record-setting rally, investors say.
The Dubai International Financial Centre, the emirate's main financial free zone, is planning to issue an Islamic bond worth around $700 million by the end of October to refinance old debt and fund infrastructure development.
Alibaba shares surged 38% to $93.89 in their market debut, making the Chinese e-commerce giant one of the most valuable companies in the U.S.
Federal Reserve Chairwoman Janet Yellen spent months devising a strategy for managing short-term interest rates. Two days after the plan's release, some market participants warn the new approach may have flaws.
Hertz Global Holdings said it will pay former Chief Executive Mark Frissora about $10.5 million in cash, a majority of his bonus for 2014 and other equity-related compensation as part of a separation agreement.
Hundreds of car owners suing General Motors over an ignition-switch flaw got a boost on Friday when a New York judge ordered the auto maker to turn over internal documents about its handling of the defect to plaintiffs' attorneys.
U.S. stock futures rose Friday, lifted with European shares after Scotland voted to remain part of the U.K. Investors also looked ahead to public trading of Alibaba Group Holding Ltd.