Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for “hundreds of millions of dollars,” claiming he was wrongfully pushed out as the bond giant’s chief investment officer by a “cabal” …
The year isn’t over yet but T. Boone Pickens says his prediction for $70 oil by year end isn’t looking good. Here’s why.
Volkswagen’s top U.S. executive apologized Thursday as the emissions-rigging scandal engulfing the world’s largest automaker deepened and members of Congress said the company violated the public’s trust. …
Even if stocks can continue reclaiming more lost ground, they would be hard-pressed to stretch back toward their heights without some important improvement in credit markets.
The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring. The data released on Thursday provides an upbeat check on the health of the labor market after last week’s monthly employment report increased doubts the Federal Reserve would raise interest rates by the end of
Google has bought the alphabet. Not literally of course, but it has acquired the domain name abcdefghijklmnopqrstuvwxyz.com, just a few days after Google officially became a subsidiary of Alphabet.
Volkswagen’s (VOWG_p.DE) top U.S. executive will tell a panel of U.S. lawmakers on Thursday that he knew as long ago as the spring of 2014 that the German carmaker might be breaking rules on U.S. diesel emissions tests. In written testimony submitted to a congressional oversight panel a day ahead of Thursday’s hearing, President and CEO of Volkswagen Group of America Michael Horn said: “In the spring of 2014 …
Dell Inc, the world’s third largest personal computer maker, is in talks to buy data storage company EMC Corp, a person familiar with the matter said, in what could be one of the biggest technology deals ever. A deal could be an option for EMC, under pressure from activist investor Elliott Management Corp to spin off majority-owned VMware Inc. The terms being discussed were not known, but if the deal
Hillary Rodham Clinton has joined her Democratic presidential rivals in opposing President Barack Obama’s Pacific trade deal, delivering a major blow to a Democratic president as she works to court her …
U.S. stock index futures indicated a lower open on Thursday, with traders looking to the release of Fed minutes.