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Archive: (12 Stories)

Hess selling Indonesia assets for $1.3 billion

12/02/2013 5:47am
Energy company Hess is selling its Indonesia assets to a joint venture between PT Pertamina and PTT Exploration and Production Co. Ltd. for $1.3 billion.

Bank of America to pay Freddie Mac $404 million

12/02/2013 7:14am
Bank of America will pay $404 million to mortgage buyer Freddie Mac to settle all remaining claims over home loans sold in the previous decade.

Dow Chemical looking to spin off, sell 40 plants

12/02/2013 7:23am
Dow Chemical is looking to spin off or sell about 40 manufacturing plants from its business as it continues to move away from cyclical commodity products.

Saab is back: First cars produced under new owners

12/02/2013 9:06am
Two and a half years after Saab shut down production due to financial trouble, the Swedish car rolled a new sedan off its assembly lines in Trollhattan, in south-west Sweden, on Monday.

Americans click for deals on Cyber Monday

12/02/2013 9:32am
It's the day of the online deal.

Zappos Couture names Talley as artistic director

12/02/2013 10:39am
Zappos' luxury arm is tapping Andre Leon Talley to serve as its artistic director.

How to get rich quick: Buy a classic car?

12/02/2013 11:22am
If investing in credit default swaps or commodity derivatives doesn't exactly fill your heart with a sense of wonder and excitement, then a product with a little more va-va-voom could be a surprisingly viable alternative: vintage cars.

Cognizant planning to add 10,000 jobs over 3 years

12/02/2013 12:06pm
A major information technology outsourcing company announced Monday it is moving its U.S. operations hub from New Jersey to Texas and expects to add 10,000 jobs nationwide over the next three years.

Treasury delays Treasury bill weekly auction

12/02/2013 1:44pm
The Treasury Department has delayed the weekly auction of three-month and six-month Treasury bills because of an error that occurred during testing their auction system.

Forest Labs to cut 500 jobs in $500M restructuring

12/02/2013 2:28pm
Forest Laboratories says it plans to cut about 500 jobs as part of a plan to trim $500 million in costs over the next two years.

NCR agrees to buy Digital Insight for $1.65B

12/02/2013 2:39pm
NCR Corp. says it is paying $1.65 billion to buy Digital Insight Corp., a provider of online and mobile banking services.

Hilton could raise $2.4B, 1 of year's biggest IPOs

12/02/2013 4:16pm
Hilton Worldwide Holdings Inc. said Monday that it could raise as much as $2.37 billion, making it one of the year's biggest IPOs.