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.
... * Highest subscriber adds in internet business in six years. * Cable communications business' rev up 5.4 pct. * NBC Universal revenue misses, but profits boosts results.
Two major bond insurers that could lose billions on Detroit's bankruptcy blasted the city's plan to pay retirees more than financial creditors and vowed to fight retirees' endorsement of the deal.
NEW YORK (TheStreet) -- Shares of The Coca-Cola Co. (KO) are lower by -3.08% to $41.09 in mid-morning trading on Tuesday, after the soda maker reported a drop in revenue and earnings for the 2014 second quarter.
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.