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A Top Contender at the Fed Faces Test Over Easy Money

May 12, 2013 - 11:04pm
The next chief of the Federal Reserve will decide when to reverse the easy-money policies of Ben Bernanke, a judgment that could strangle the economic recovery if made too early or trigger runaway inflation ...

Bankruptcy Costs Attacked

May 12, 2013 - 10:55pm
Federal watchdogs are preparing to exert more control over costs in big bankruptcy cases. In the initial push, the first overhaul of guidelines intended to keep costs in check in about 17 years is expected ...

U.S. broadcast TV ratings slide pressures ad rates at "upfronts"

May 12, 2013 - 10:32pm

U.S. broadcast networks head into their biggest ad-selling season this week, competing with streaming services like Netflix, battling online players for ad dollars, and fending off hits starring zombies ...


As TV Ratings and Profits Fall, Networks Face a Cliffhanger

May 12, 2013 - 9:35pm
The broadcast networks are preparing to unveil new fall lineups for an audience that is shrinking rapidly, lured away by new rivals on all sides.

Chinese Creating New Auto Niche Within Detroit

May 12, 2013 - 9:23pm

Dozens of companies from China are quietly planting roots in Detroit, investing in American businesses and new vehicle technology in what is seen as a first step toward the sale of Chinese cars in the ...


IPOs Set to Raise Most Cash Since Crisis

May 12, 2013 - 8:30pm
U.S. companies are on track to raise the most money through initial public offerings since before the financial crisis, driven by the same thirst for risk among investors that has pushed the stock market ...

Exclusive - Airbus to China: We support you, please buy our jets

May 12, 2013 - 8:15pm

China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognize its support over a trade row with Europe, a letter ...


American Taste for Cheap Clothes Fed Bangladesh Boom

May 12, 2013 - 8:13pm
Monica Brooks and her daughter Morgan, age 8, rifled through the racks at a Zara store in Dallas Thursday night, looking at $16 bejeweled T-shirts and $10 ruffled tops. Labels inside the clothing at the ...

Broadcasters Invest in More Pilots

May 12, 2013 - 8:00pm
How do you follow up a broadcast television season with no breakout hits? Try harder. On Monday, Comcast Corp.'s NBC and News Corp.'s Fox will each rent out posh Manhattan theaters to unveil their prime-time ...

Big Vote on Dimon May Hinge on Views on JPMorgan’s Top Director

May 12, 2013 - 7:32pm
A shareholder vote on whether to split Jamie Dimon’s roles as chief executive and chairman could turn on whether the board’s lead director, Lee Raymond, is seen as strong enough to stand up to Mr. Dimon....

Llyods Chairman Bischoff to step down: FT

May 12, 2013 - 7:28pm

Win Bischoff is stepping down as chairman of British state-backed Lloyds Banking Group , the Financial Times reported on Sunday, citing sources familiar with the plan, set to be announced ahead of Thursday's ...


British firms more upbeat on economy, credit scheme helping: lobby

May 12, 2013 - 7:18pm

British companies have grown more optimistic about the economy in recent months as a recovery, increasingly aided by a central bank funding scheme, is gathering pace, a leading business lobby said on Monday. ...


HSBC boss can do more to cut bank down to size

May 12, 2013 - 7:06pm

HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by Chief Executive Stuart Gulliver, and analysts ...


Aviva in talks to enter British rented housing market: FT

May 12, 2013 - 6:45pm

British insurer Aviva Plc could buy thousands of homes in London and the southeast of England to use as rented properties in a deal with social housing provider A2Dominion, the Financial Times reported ...


Libor likely to be replaced by a dual-track system: FT

May 12, 2013 - 5:19pm
A dual-track system, including survey-based lending rates along with transaction-linked indices, is likely to replace scandal-hit London interbank lending rate Libor as soon as next year, the Financial ...

Analysis: Bullish yuan herd leaves China fundamentals in the dust

May 12, 2013 - 5:07pm

Investors convinced China's currency is once again a one-way bet upward should think again: signs of slowing economic growth could cut short the yuan's rally. Investors and companies have been pouring ...


Portugal bailout review completed: government

May 12, 2013 - 4:17pm

Portugal's government said on Sunday its EU and IMF lenders had concluded work on the latest bailout review, indicating there were no outstanding obstacles for Lisbon to receive the next 2 billion euro ...


Mixed signals for the global economy

May 12, 2013 - 3:15pm

A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone, but accommodative policies helping to stimulate growth in ...


As Detroit emergency manager readies fix-it plan, hard work ahead

May 12, 2013 - 2:52pm

Six weeks into his work as Detroit's emergency manager, former bankruptcy lawyer Kevyn Orr has found the city's finances in worse shape than expected, with long-term debt at $15 billion, $2 billion worse ...