Obama seeks rebalancing, Asia warns of protectionism

U.S. President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a […]

Target’s Black Friday bet: $3 appliances

Target is hoping to lure this year’s Black Friday shoppers with $3 toasters and coffeemakers, deep deals on high-definition televisions, and discounts of 50% […]

China to guide yuan with eye on major currencies

China said on Wednesday it will consider major currencies in guiding the yuan, suggesting a departure from an effective dollar peg that has been […]

Yahoo aims to boost margins

Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, […]

AXA eyes Asia insurance growth via AMP asset deal

French insurer AXA bid for full control of its majority-owned Asian arm on Monday, seeking a tighter grip on the region’s strong growth potential.
The […]

CVS plunges after bleak pharmacy benefits view

CVS Caremark Corp said its pharmacy benefits management business lost $4.8 billion in contracts heading into next year and will not meet its targets […]

“Short sale” battles weigh on U.S. housing recovery

Home equity lenders faced with losses from the U.S. property slump are holding out for more money in distressed sales, slowing transactions needed to […]

CIT Group files for prepackaged bankruptcy

CIT Group Inc filed for bankruptcy protection on Sunday, and its creditors have already approved the commercial lender’s reorganization plan.
CIT’s operating subsidiaries, including CIT […]