CIT Group, a US lender run by former Merrill Lynch chief executive John Thain, has agreed to acquire OneWest Bank for $3.4bn, in a rare deal of significant size for the banking sector.
If billionaire hedge fund manager Bill Ackman expected to deliver a "death blow" knockout to nutritional supplements marketer Herbalife, Wall Street wasn't in his corner Tuesday.
(Reuters) - Comcast Corp reported a better-than-expected rise in quarterly profit, helped by the highest subscriber additions in its high-speed internet business for six years and improved profitability at its NBC Universal unit.
WASHINGTON (MarketWatch) - Consumer prices gained again in June but the rise was not as broad-based as in the prior month and was driven mainly by the rising cost for gasoline.
Coca-Cola has launched a revamped marketing strategy that includes the social media-friendly, personalized "Share a Coke" campaign.