Wall Street Journal
Some Bankers Cool on Rusal IPO
A $2.5 billion IPO by aluminum firm Rusal will be one of the year's hottest deals. But some banks are cool toward working with its founder, Oleg Deripaska.
Treasury Blocks Fannie Tax Credit Sale
The Treasury blocked Fannie Mae's proposed sale of $3 billion in housing tax credits to Goldman Sachs and Berkshire Hathaway.
Blackstone, Fortress Benefit From Market Gains
Both Blackstone and Fortress posted third-quarter earnings that showed how the sharp market rally has improved the fortunes of private equity and hedge funds.
Hedge-Fund Giant Surfaces in Trading Probe
The widening probe of insider trading on Wall Street is expected to examine transactions at Steven A. Cohen's SAC, one of America's largest and most successful hedge funds.
Tax Refunds, Relief for Builders
The new tax break for businesses signed into law on Friday will result in a windfall valued at hundreds of millions of dollars for the biggest home builders.
State Street Adds to Reserves
State Street added $250 million to its legal reserve to address legal exposure related to losses by investors in some strategies managed by State Street Global Advisors.
California May Limit Placement Agents
California's state controller and treasurer are drafting legislation that could curb pay for financial middlemen, whose fees have sparked an internal investigation at giant public pension fund Calpers.
Cioffi Lawyer: Case Lacks 'Credibility'
Defense lawyers made their final arguments in the trial of two former Bear Stearns hedge-fund managers.
Executives Express Caution on Hiring
Business executives aren't budging much from their defensive crouch and could be slow to hire in the months ahead, interviews and a review of conference calls suggest.
More Profit For AIG, But Challenge Too
AIG posted its second profitable quarter in a row, but weak results at its main insurance businesses underscored the scale of the challenges the giant insurer still faces.
Berkshire's 'Green' Bets
Buffett's MidAmerican Energy is building windmills and investing in high-tech batteries in one of the biggest pushes by a regulated utility in alternative energy.
Boston Scientific to Settle
Boston Scientific will pay $296 million in an agreement with the Justice Department stemming from an investigation into problems with Guidant Corp. defibrillators and a major related recall in 2005.
Grim Milestone: Jobless Rate Tops 10%
The jobless rate jumped to 10.2% in October, the first time above 10% since the early 1980s. A total of 15.7 million Americans are out of work.
Freddie to Request Further Handouts
Freddie Mac posted a loss of $6.3 billion and said it expected to ask for more handouts from the Treasury.
Insider Probe Shakes Silicon Valley
A widening insider trading probe is causing new tremors in Silicon Valley, as prosecutors say a network of employees at technology companies acted as paid informants.
Bank Failures Hit 120 for the Year
U.S. regulators closed five more banks, reaching 120 for the year, as souring loans and the lingering effects of last year's financial crisis continued to weigh on the nation's financial institutions.
GM Advances Opel Restructuring
GM marketing chief Robert Lutz will be installed to head Opel's supervisory board as the U.S. auto maker pursues a restructuring of its European operations.
EBay Settles Suit Over Skype
Ebay announced a legal settlement with the co-founders of Skype, allowing a planned $2 billion deal to sell a majority share in the Internet communications company to a group of investors to proceed.
News Corp. to Expand in Italian TV
News Corp. is planning a new free TV channel in Italy that will bring it into direct competition with Italy's Mediaset and state broadcaster RAI
Air Canada Swings to Profit
After narrowly averting bankruptcy over the summer, company officials say recovery is a year or more away and have plans for new cost-cutting and revenue-generating initiatives.