WASHINGTON (Reuters) - The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in years after hefty lobbying from U.S.
The ratings agencies Moody's and S&P have sharply downgraded the long-term debt ratings of the troubled Portuguese bank Banco Espirito Santo (BES).
Reynolds American, maker of Camel cigarettes, is in talks to buy smaller rival Lorillard. Bloomberg News. Reynolds American Inc. RAI -0.82% Reynolds American Inc. U.S.
How can a social network that no one has ever heard of suddenly be valued at more than $6 billion? The SEC wants answers and has suspended trading in onetime penny stock Cynk Technologies.
NEW YORK (Reuters) - Stocks managed to score modest gains on Friday, but the S&P 500 posted its biggest weekly drop since April as investors showed only mild enthusiasm after getting their first glimpses of earnings.