The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware.
Regions
Google fourth-quarter revenue misses Wall Street target
Google Inc's (GOOGL.O) (GOOG.O) revenue grew 15 percent in the fourth quarter but fell short of Wall Street's target on declining online ad prices and unfavorable foreign exchange rates.
Wall Street finishes higher in afternoon rally as oil gains
U.S. stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over U.S. monetary policy.
Cost-cutting VW bets big to revamp loss-making luxury Phaeton
With Volkswagen (VOWG_p.DE) having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading a money-losing luxury sedan.
EU considers capital markets curbs among new Russia sanctions
New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday.
Latest News
The London Stock Exchange Group Plc (LSE.L) plans to put Russell Investments up for sale in mid-February and hopes to fetch around $1.4 billion for the unit, two sources told Reuters Wednesday.
Lender BOC Hong Kong Holdings Ltd (2388.HK) is considering a sale of its $6 billion subsidiary Nanyang Commercial Bank (NCB) to stop cannibalising the China business of its parent, people familiar with the matter said.
French Finance Minister Michel Sapin said on Wednesday France wanted to facilitate talks between Greece's new leftist Prime Minister Alexis Tsipras and the rest of the euro zone, and would meet his Greek counterpart in Paris on Monday.
Asian shares retreated on Thursday after the Federal Reserve unexpectedly lifted its view on the economy, signaling that the U.S. central bank remains firmly on track with plans to raise interest rates this year.
McDonald's Corp (MCD.N) said Chief Executive Don Thompson would retire at the end of February and be succeeded by Steve Easterbrook, the company's chief brand officer.
Leftist Greek Prime Minister Alexis Tsipras threw down an open challenge to international creditors on Wednesday by halting privatisation plans agreed under the country's bailout deal, prompting a third day of heavy losses on financial markets.
U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year.
General Motors Co (GM.N) on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation program, rejecting pleas from two U.S. senators to extend the cutoff.
Buying art at Sotheby's (BID.N) will soon become more expensive as the top international auction house announced it is increasing its buyer's premium, the rates it charges a successful bidder.
