The criminal investigation that opened yesterday into General Motors Co. (GM:US)'s handling of an ignition flaw linked to 12 deaths adds to legal challenges that threaten to overshadow the company's turnaround.
The prevailing skepticism about tech IPOs is that frothy valuations sans profits are contributing to a bubble. Yet King Digital Entertainment, maker of the highly addictive game Candy Crush Saga is one of the few big mobile companies posting hefty revenues ...
Earlier today Pfizer stock was halted by the New York Stock Exchange. The reason: A Virginia court had invalidated the patent on the company's drug Celebrex, which is expected to generate $2.1 billion in annual sales in 2014.
Copper's role as collateral for loans in China has sparked a sharp selloff as the government cracks down on the country's shadow finance sector.
WASHINGTON (Reuters) - The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.