NEW YORK (AP) - Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.
The deal clears the way for Morgan Stanley to buy Citigroup's 49 percent interest in the broker, giving Morgan Stanley full
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - U.S. employers posted fewer jobs in July than in June, further evidence that hiring may stay weak in the coming months.
Job openings fell to a seasonally adjusted 3.67 million, the Labor Department said Tuesday. That's down from
NEW YORK (AP) - The U.S. government's debt rating could be heading for the "fiscal cliff" along with the federal budget.
Moody's Investors Service on Tuesday said it would likely cut its "Aaa" rating on U.S. government debt, probably by one notch, if budget negotiations fail.
By Anne D'Innocenzio and Michelle ChapmanAP Business Writers
NEW YORK (AP) - The National Retail Federation is opposing a proposed $7.25 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing.
The retail trade association said
By CANDICE CHOI and MICHELLE CHAPMANAP Business Writers
NEW YORK (AP) - McDonald's said a key sales figure climbed 3.7 percent in August, as the fast-food chain emphasized the value of its menu offerings amid the challenging global economy.
The world's biggest hamburger chain said
By JOYCE M. ROSENBERGAP Business Writer
NEW YORK (AP) - Small business owners are getting a little more optimistic about how their companies will do after the November election, according to a survey released Tuesday.
The National Federation of Independent Business says owners it surveyed last
By MATTHEW CRAFTAP Business Writer
NEW YORK (AP) - Investors spent Tuesday preparing for two events sure to move markets this week: a Federal Reserve meeting and a court decision on whether Germany can help support its struggling neighbors. And if the stock market's gains Tuesday are any
By DAVID McHUGHAP Business Writer
FRANKFURT, Germany (AP) - Deutsche Bank is to cut costs, shed risky investments and tighten executive pay practices as part of an effort to strengthen itself against a slackening global economy and more regulation.
The shakeup follows a 100-day review by new co
ATHENS, Greece (AP) - Greece's President Karolos Papoulias urged the country's creditors Tuesday to ease their demands for more austerity, claiming that the country has suffered a "merciless lashing"
"I think we have paid enough for our mistakes, and Europe must realize that it needs to
By PAMELA SAMPSONAP Business Writer
BANGKOK (AP) - Asian stock markets rose Wednesday ahead of a court decision on whether Germany can support a European bailout fund created to prevent the weakest euro economies from going bust.
Confidence that the court won't block Germany's