Business

Photo

U.S. factory orders fall sharply, order books shrinking

WASHINGTON - New orders for U.S. factory goods fell for a fifth straight month in December, but a smaller-than-previously reported drop in business spending plans supported views of a rebound in the months ahead.

Recent Business News

S&P reaches $1.5 billion deal with U.S., states over crisis-era ratings

- Credit rating firm Standard & Poor's will pay $1.5 billion to resolve a collection of lawsuits over its ratings on mortgage securities that soured in the run-up to the 2008 financial crisis, concluding one of the U.S. government's most ambitious cases tied to the housing collapse. | Video

Exclusive: Amid U.S. probes, Caesars poaches top money laundering expert

- Caesars Entertainment Corp , under investigation by the U.S. Treasury and a federal grand jury over alleged failures to comply with anti-money laundering law, has hired away Wal-Mart Stores Inc's top expert.

11:38am EST

Credit Suisse exits U.S. retail market making business

NEW YORK - Credit Suisse Group is getting out of the U.S. equity retail market making business by the end of the first quarter after failing to gain enough scale to make a go of it, the bank confirmed on Tuesday.

2:16pm EST

How the Actavis deal upended Allergan No. 2's CEO ambitions

NEW YORK - For two decades, Allergan Inc president Doug Ingram labored to transform the Botox-maker from a sleepy eye care upstart to a global aesthetics giant. He was just a few months away from getting the top job when a merger deal with Actavis Plc in November thwarted his ambitions.

1:40pm EST

Trucks, SUVs drive U.S. vehicle sales in January

DETROIT - January U.S. car sales by the three Detroit-based automakers topped analysts' expectations, as low gasoline prices and easy credit terms helped fuel sales of utility vehicles and big pickups. | Video

1:46pm EST

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary