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Asian shares edge up, bolstered by modest gains on Wall Street

TOKYO Asian shares edged higher on Tuesday, taking solace from modest gains on Wall Street even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.

Recent Business News

Macy's to restructure merchandising unit, cut 100 jobs

Department store chain Macy's Inc said on Monday it would restructure its merchandising operations, which could result in about 100 job cuts.

5:58pm EDT

ADP rejects new board candidates, Ackman fires back

Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm.

4:52pm EDT

China's Great Wall confirms interest in Fiat Chrysler

SHANGHAI/WASHINGTON A direct overture by Chinese automaker Great Wall Motor Co Ltd to Italian-American automaker Fiat Chrysler Automobiles NV sent FCA shares up sharply on Monday, as investors cheered the potential sale of the storied Jeep brand. | Video

Deals, Italy 6:05pm EDT

Citigroup taps Goldman activist defense banker for global role

NEW YORK Citigroup named Muir Paterson to head the bank's global team of bankers advising companies on activist shareholders, the bank announced on Monday.

5:22pm EDT

Lockheed wins $427 million U.S. defense contract: Pentagon

WASHINGTON Lockheed Martin Corp and its Lockheed Martin Aeronautics Co subsidiary are being awarded a $427 million order for ancillary military equipment and pilot flight equipment for some F-35 Joint Strike Fighter aircraft, the Pentagon said in a statement on Monday.

5:26pm EDT

Monetizing the Dallas Cowboys brand

Dallas Cowboys Chief Operating Officer Stephen Jones talks about maximizing the value of his team.   Full Article 


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