Bloomberg News. Exclusive News
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Bloomberg News.
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U.S. investigators have subpoenaed a 2011 deposition of SAC Capital Advisors LP founder Steven Cohen, whose sworn statements on insider-trading compliance may hurt him as he tries to persuade regulators not to file a lawsuit with the potential to shut his $14 billion firm.
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Dell Inc., the computer maker planning to go private in a $24.4 billion deal, reported fiscal fourth-quarter sales and profit that topped analysts’ estimates, a sign of buoyant demand for servers and software.
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Marriott International Inc., the largest publicly traded U.S. hotel chain, said fourth-quarter earnings rose 28 percent as demand increased in cities such as New York and San Francisco.
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BHP Billiton Ltd., the world’s biggest mining company, named its copper unit head Andrew Mackenzie as chief executive officer to succeed Marius Kloppers before reporting a 58 percent decline in first-half profit.
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A hotel broker admitted to taking part in a $20 million scheme involving sales of Host Hotels & Resorts Inc. properties to straw buyers, according to federal prosecutors in Virginia.
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As President Barack Obama starts his second term, the bond market is already telling him that the administration’s forecasts for economic growth over the next four years are too optimistic.
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The Pentagon is reviewing whether a retired Navy SEAL who claims to have killed al-Qaeda leader Osama bin Laden disclosed classified details of the May 2011 raid that led to his death, according to a spokesman.
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Martha Stewart may take the stand in a New York courtroom next week in a lawsuit by Macy’s Inc. seeking to stop her namesake company’s agreement with J.C. Penney Co. from moving forward.
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Ethanol jumped the most in five weeks against gasoline on signs of increased demand for the additive while prices for the motor fuel dropped.
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Humana Inc., the second-biggest private Medicare insurer, declined the most in three months after saying the U.S. government’s preliminary Medicare Advantage payment rates were less than the company expected.
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