Our Great City
Updated: 13 min 10 sec ago
Private-equity firm Centerbridge Partners reached a tentative deal to buy LightSquared out of bankruptcy proceedings, potentially upstaging a bid by Dish Network to take over the wireless-telecommunications firm.
Leonard Riggio, Barnes & Noble's chairman and biggest shareholder, realized a loss of $40 million on company shares he sold Tuesday.
The hotel chain is returning to the public market following private-equity firm Blackstone's 2007 leveraged buyout.
The recent deaths of four workers at an iPhone plant operated by Taiwan's Pegatron highlight the challenges that Apple and its suppliers face to maintain worker safety and enforce age rules.
General Motors will stop manufacturing vehicles in Australia from 2017, shutting its local Holden unit with the loss of 2,900 jobs and handing the conservative government a major headache.
The FDA is taking steps to reduce the levels of antibiotics used in food-producing livestock, with the ultimate goal to cut outbreaks of drug-resistant bacteria across the country.
Fortis signed a deal to acquire UNS Energy for about $2.5 billion, as the Canadian utility moves to boost exposure within the U.S. by acquiring a firm with a presence in the U.S. Southwest.
Marathon Oil plans to increase capital spending 13% next year and sell its North Sea business as it focuses on drilling in North America.
GM's Mark Reuss is the latest in a string of high-profile players passed over for the top job at a big company, leaving those companies with the challenge of dealing with disappointed contenders who might be tempted to jump ship.
The new minimum wage adopted in SeaTac, Wash., illustrates the impact a significant wage hike can have in a small community and the problems rising wages pose for small businesses.
A company owned by top Google executives received an unwarranted discount of up to $5.3 million on jet fuel purchased over a six-year period from the federal government for their fleet of private jets, a new inspector general review shows.
Beauty company halted the rollout of a new software system after a pilot program in Canada drove away representatives. Avon to take up to $125 million charge.
PokerStars' ambitions to re-enter the U.S. suffered a setback when New Jersey, citing the company's legal woes, said that it would not receive a license for at least two years.
Movie moguls Harvey and Bob Weinstein, and their former company Miramax, sued Time Warner's Warner Bros. for a share of the proceeds from two coming 'Hobbit' films.
Social-media company Facebook, which has been public for less than two years, will join the S&P 500 index after the close of trading on Dec. 20.
Ice takes post as Rose, who some analysts consider a possible successor to Buffett, moves to new executive chairman role
Deal for 61 Boeing 737 Max Jets valued at $6.5 billion before discounts
In its effort to bulk up its national news, the chain places inserts its flagship paper into many of its local newspapers.
Home Depot plans to spend at least $300 million on supply chain, technology and online improvements, including new fulfillment centers.