Business News

The move will assist its efforts to not be designated as a nonbank systemically important financial institution.

The firm, joined by Paulson & Co. and Centerbridge Partners, trims holdings in Extended Stay America.

Yahoo's Verizon deal might be on the rocks. How much is Mayer's leadership to blame?

Most leaders and organizations assume being extroverted is preferable to being introverted. Misconceptions about what makes effective leadership have had unwanted consequences. Introverted leaders feeling compelled to ac...

"Résumés suck," says Stack Overflow VP of Community Product Jay Hanlon. "Nobody likes résumés." Stack Overflow, the definitive Q&A and community site for programmers, should know: One of its main businesses is hookin...

Paris-based Coorpacademy announced today it has raised a new round of $11 million in venture capital as it seeks to build out its online platform for corporate education. Investors in the new round include Serena Capital...

Curt Richardson, founder of OtterBox, describes how to hire the right people for your company, and why hiring the wrong people can be catastrophic.

Read full story for latest details.

The year is going swimmingly for Disney, as their Pixar animated sequel Finding Dory topped $1 billion at the global box office this weekend, giving the studio it's third billion-dollar release so far in 2016. The blockb...

HIROSHI H/Shutterstock Warm weather vacations will be extra-risky this year. Zika has been found in mosquitoes in much of the American hemisphere south of Florida — and the entire Caribbean. That leaves few options for...

Hollis Johnson Swedish supercar specialists Koenigsegg showed off its new Regera hybrid for the first in North America, earlier this year, at the 2016 New York Auto Show. The Ferrari LaFerrari, McLaren P1 and Porsche 918...

Google leads the rankings of the most desirable employers for business, engineering and IT students in the Asia-Pacific region, according to research and consulting firm Universum.

Theresa May's spokesman says figures in leaked government papers predicting 9.5% fall in GDP are not new Downing Street has warned against attempts to "reheat the arguments" of the EU referendum following claims that the...

South Korean tech giant Samsung said Tuesday that it would permanently stop production and sales of its Galaxy Note 7 smartphones after a spate of battery-related explosions and fires. It also warned anyone using the d...

Thomson Reuters A hedge fund that invested $96.1 million in Theranos is suing the company, The Wall Street Journal reports. Partner Fund Management LP invested in Theranos back in 2014. This is the first major investor w...

REUTERS/Phil Noble At 7:07 last Friday in Hong Kong, the British pound suddenly plummeted: In the next two minutes it fell 6.1 percent, to $1.18, its lowest level since 1985. In the next half hour, it regained most of th...

The promise of cheap gas is drying up. After spending most of the last 15 months below $50 a barrel, the price of oil jumped over that mark on Monday after Russian President Vladimir Putin promised to limit production. P...

"If you say you're going to be under $50 billion, then you say you're not growing," Ellen Alemany said after CIT announced the long-anticipated sale of the aircraft leasing unit.

PlayStation VR finally arrives this week, bringing high-end virtual reality gaming to those of us who aren't dedicated or wealthy enough to have beefy gaming PCs. All you need is a PS4 and at least $400 and you're ready ...

Alamy Many cars are no longer welcome in Barcelona. In September, the city began implementing a plan to create a set of new "superblocks," car-free areas that are designed to maximize public space. Each superblock co...

The global high-yield default rate is forecast to fall. Markets are already ahead of the game.

As investors, we are always searching for a stable and attractive yield without taking excessive risk. Currently, we seek opportunities that can provide an attractive return even as the Fed may raise short-term rates by ...