Lampert's Hedge Fund Makes Bid for Sears Stores and Assets
Edward Lampert, the chairman and biggest creditor of Sears Holdings Corp., has made an offer to buy the retailer's stores and other assets out of bankruptcy court in a bid to keep control of the struggling chain.
Bank of Canada's Poloz Vows Rate Rises to Be 'Data Dependent'
Bank of Canada Gov. Stephen Poloz said the benchmark interest rate will need to move upward but the pace of future increases "will remain decidedly data dependent" given global risks and lower energy prices.
Fed Chief Powell Draws Congressional Support
President Trump's attacks on Fed Chairman Powell have failed so far to gain traction with an important constituency: Congress.
AIG CFO Gets Axed, but News Isn't Bad
AIG replaces its chief financial officer as it acknowledges it still has work to do to convince investors of its turnaround.
Facebook Board Backs Sandberg's Handling of Soros Research
Facebook's board threw its support behind Chief Operating Officer Sheryl Sandberg, calling her request to probe whether the investor shorted the company's stock "entirely appropriate."
Wells Fargo Firing Dozens of Regional Managers in Retail-Bank Cleanup
Wells Fargo is firing around three dozen district managers for oversight failures related to a sales scandal that erupted in its retail bank more than two years ago.
Investors Aren't Buying Bank Chiefs' Optimism
Bankers are often criticized for being out of touch. Often that is unfair, but on Tuesday, as the leaders of the nation's three biggest banks told investors that the economy was great, investors were acting like the boom was over.
Bank of Canada Takes Cautious Turn While Keeping Rate Steady
The Bank of Canada held its benchmark interest rate steady at 1.75% as it warned that low prices for oil from the western province of Alberta could affect the pace of future rate increases.
U.S. Banks Too Pricey for Would-Be Canadian Buyers
Canada's largest banks have found the market for acquiring U.S. institutions has become more expensive and competitive. The Canadian lenders had been among the biggest buyers of U.S. banks after the 2008 crisis.
Herbal Meds, but No Manchester United: Britain's Stock Link to China Falls Flat
A vaunted program to make Chinese shares available to British investors and vice versa is struggling to line up participants as its planned launch nears.