World shares and commodities fell on Monday as a recent run of downbeat corporate reports cast a shadow over the economic growth outlook and markets awaited the impact of a huge U.S. hurricane.
Industry
Apollo's Black Sees Private Equity Tax Break in Jeopardy
Apollo Global Management Chief Executive Leon Black said on Wednesday that a U.S. tax break that benefits private equity and venture capital executives could fall victim to deficit reduction efforts after President Barack Obama's re-election.
Goldman Sachs Urges Court to Require Arbitration in Gender Bias Case
A lawyer for Goldman Sachs urged a U.S. appeals court Wednesday to send a former employee's gender discrimination dispute to arbitration rather than allow her to proceed with a proposed class action.
Penn West Shares Fall as Senior Managers Fired
Penn West Petroleum Ltd shares were down as much as 4.7 percent on Tuesday after the company fired four senior executives, including its chief operating officer.
Wall Street Jumps As Election Waiting Nears End
Stocks climbed on Tuesday, the last day of trading before the election results came to a close, as investors looked forward to a resolution to the drawn-out race for the White House.
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Shares on major markets ended little changed on Friday as weak corporate earnings offset better U.S. economic data, though investors remained concerned about slowing global growth.
A decline in the number of available properties, especially in California, prompted a new innovation at the real estate marketplace website Zillow.com. Late Wednesday night the six-year-old Zillow launched a free feature that allows potential home buyers to view homes that are owned by banks or are in the foreclosure process but are not officially listed for sale.
The country's second largest bank, Bank of America, has been accused of mortgage fraud in a civil suit filed by the U.S. government in a Manhattan court Wednesday, claiming it sold thousands of home loans that were deliberately processed at such a high speed adequate checks could not be performed, through its Countrywide Financial unit.
Zynga Inc has laid off 5 percent of its full-time workforce, shut its Boston office and scaled back in Austin, launching a sweeping overhaul that may also see the social game creator close its Japanese and British offices, Reuters reported Tuesday.
Yesterday's unveiling of Apple's new iPad Mini in California received a tepid response from a number of analysts who say the gadget's surprising price tag, $349 for a WI-FI-only version, will make it less of a threat than expected to similarly sized tablets, Reuters reported.
Warren Buffett, the country's second-richest man and one of the world's most successful investors, told CNBC in an interview Wednesday, that he sees the U.S. economy "inching ahead" despite slowing economies in Europe and Asia.
Priced at $329, Apple unveiled its iPad Mini at a media event held at the California Theater in San Jose this morning. As expected, the tablet is 7.9 inches, and will compete with the likes of Barnes & Noble's Nook Color and the Amazon's Kindle Fire HD.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Those-in-the-know are now saying that the eagerly anticipated iPad "Mini" will be released on Nov. 2.
