A Picasso oil painting from 1955 smashed the record for the most expensive artwork ever sold at auction when it soared to $179.4 million at Christie's on Monday.
United States
Wage growth may be on tap as more Americans quit jobs
Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labor market and falling unemployment rate could result in healthier wage growth and inflation.
Wall St. ends weaker as global bond worries deepen
U.S. stocks ended lower on Tuesday after a recent run-up in global bond yields unsettled investors already concerned about an eventual Federal Reserve interest rate hike.
Startup NerdWallet raises $64 million in first round of funding
NerdWallet said it had raised $64 million in its first round of funding, far more cash than it needs to run the personal finance startup, in part to underscore its growth and show it has the potential to one day be valued at over $1 billion.
Americans prefer picking TV channels to buying bundles: Reuters/Ipsos
A vast majority of Americans would prefer to assemble their own pay TV channels rather than subscribe to packages that include dozens or hundreds of networks, a new Reuters/Ipsos poll found in a challenge to traditional television distribution.
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Castleton Commodities International will buy Morgan Stanley's (MS.N) physical oil business, vaulting the Connecticut-based merchant into the big leagues of global crude and fuel traders.
Oil edged lower on Monday on signs that a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields.
General Electric Co (GE.N) said on Monday for the first time it would be willing to consider concessions in order to win European approval to acquire the power equipment unit of France's Alstom (ALSO.PA).
The Federal Reserve drew together extensive plans for handling a U.S. debt default that included scheduling deferred payments and lending cash to investors, according to a top lawmaker who cited Fed documents.
Wall Street closed lower on Monday as investors fretted about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices.
Oil and natural gas producer Noble Energy Inc (NBL.N) said it would acquire Rosetta Resources Inc (ROSE.O) for about $2 billion in stock, highlighting a consolidation being driven by a steep fall in global oil prices.
An increasingly popular tactic used by hedge funds and others to extract more money from buyouts could face a major courtroom test as soon as Monday, when a big investor in Dell Inc may argue that it should be paid a higher price for the 2013 acquisition of the PC maker.
USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said.
Fiat Chrysler Chief Executive Sergio Marchionne said on Saturday that he had visited the heads of Tesla Motors Inc and Apple Inc during a recent trip to California.
