China's central bank is injecting a combined 500 billion yuan ($81.35-billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.
TOKYO (Reuters) - Sony Corp (6758.T) on Wednesday sharply deepened its net loss estimate and said it would not pay a dividend this fiscal year for the first time since it listed in 1958 after it was hit by a massive impairment charge for its struggling ...
Sears is down on the announcement of a $400 million loan from ESL Investments. Bidness Etc analyzes the company's failing turnaround strategies.
(Reuters) - FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No. 2 package delivery company benefited from higher shipment volume.
WASHINGTON -- Federal regulators on Tuesday sued Corinthian Colleges, accusing the embattled for-profit education company of setting up a predatory student loan scheme and then illegally harassing borrowers in an attempt to collect that debt.