The ratings agencies Moody's and S&P have sharply downgraded the long-term debt ratings of the troubled Portuguese bank Banco Espirito Santo (BES).
July 11 (Bloomberg) -- Stanford University's Robert Proctor and Bloomberg's Tara Lachapelle comment on Reynolds American being in talks to acquire rival Lorillard.
NEW YORK (Reuters) - Stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.
DETROIT (Reuters) - Incoming Cadillac President Johan de Nysschen - the brand's third boss in two years - faces a daunting task that his predecessors failed to complete: How to reposition General Motors Co's 112-year-old premium brand as a true ...
A debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S.