Bankia Nears Sale of Florida Bank
Spain's Bankia is close to selling City National Bank of Florida to Chilean bank Banco de Credito e Inversiones for close to $900 million, according to people familiar with the situation.
Spain's Bankia is close to selling City National Bank of Florida to Chilean bank Banco de Credito e Inversiones for close to $900 million, according to people familiar with the situation.
Coffee futures sank to their lowest level in 3 ½ years amid abundant global supplies of beans continued to counter concerns over wet weather in Brazil and an outbreak of a coffee disease in Cen…
The yield on the 10-year Treasury bond fell below 2% again as bargain hunters drove up Treasury prices despite better-than-expected economic data.
News Corp.'s board approved the company's separation into two publicly traded entities, moving a step closer to splitting its entertainment businesses from the publishing division.
Procter & Gamble said A.G. Lafley has rejoined the company as president and chief executive, succeeding Bob McDonald.
Orders for long-lasting goods rebounded in April, offering some good news for a manufacturing sector that has been weighing on the U.S. economic recovery.
U.S. stock market futures fell ahead of durable-goods orders data that are expected to show continued sluggishness.
Iranian-backed hackers have escalated a campaign of cyberassaults against U.S. corporations by launching infiltration and surveillance missions, according to current and former U.S. officials.
Nokia filed two new complaints against Taiwanese rival HTC for alleged patent infringement, continuing a battle in the fiercely competitive smartphone market.
Exxon is in talks with Houston-based InterOil to invest in gas assets owned by the latter in Papua New Guinea, a move that could cement the country's outlook as a new energy exporter.
Germany's businesses and households are becoming more chipper, two sentiment surveys showed, indicating that growth in Europe's largest economy is gaining traction following a weak start to the year.
The euro traded higher against the dollar after a closely watched German business-sentiment indicator beat expectations, while European stocks drifted as volatile trading in Tokyo extended into a seco…
Europe overturned the convention of history when, unlike the U.S. or Germany before it, it created monetary union before political union. Now it is paying the price.
Tokyo stocks posted a gain Friday amid highly volatile trading following the prior session's dramatic selloff, as bargain-hunting pushed up exporters and other real estate shares.
The new chief executive of the Chicago Board Options Exchange said Thursday that he plans to take its highly prized volatility franchise global and is open to deal making to bolster the company's lead…
The U.S. and China have struck an agreement giving U.S. accounting regulators access to documents from Chinese accounting firms.
Asia's emerging economies are piling on debt to fuel growth, in stark contrast to the scaling back of private debt in the U.S. and Europe.
A move by regulators that put the biggest bank merger of 2012 on ice is sending a chill through midsize financial institutions.
Goldman said at its annual meeting that it has adopted 39 initiatives aimed at strengthening its business practices in the wake of the 2008 financial crisis, as shareholders voted to approve executive…
Asian shares were mixed Friday, with the Nikkei rebounding from Thursday's sharp decline, while Australia remained under pressure following China's poor manufacturing data. The Nikkei rose 2.8%.
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