Germany's largest bank reported that it will take a nearly $7 billion loss in its third quarter for a write down related to its corporate banking unit, according to a press release form the company.
U.S. stocks ended stronger after a volatile session on Wednesday, led by a rebound in biotechnology companies that pushed the S&P 500 to its highest level in three weeks.
The Gray Lady has ambitious goals. Just days after announcing it had reached its one-millionth digital subscriber, the New York Times NYT 1.70% said Wednesday that it has plans to double digital-only revenue to $800 million in five years.
Lumber Liquidators Holdings Inc. LL 3.62 % has agreed to plead guilty and pay a combined $13.2 million for importing illegally harvested timber from such areas as forests in far eastern Russia and other compliance issues.
Sony Corp is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the Wall Street Journal reported, citing people familiar with the matter.