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U.S. banks ramp up credit card lending but margins may suffer

As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing to invest in less glamorous operations: their credit card businesses.


Trade engine shifts down just as global growth needs a boost

Policymakers scrambling to keep the world economy from settling into the "new mediocre" of sluggish growth can no longer rely on global trade to do the heavy lifting.

Ukraine, Russia central bankers quip, shake hands in Washington

Female central bankers from Ukraine and its bitter rival Russia took the stage together in Washington on Saturday and described differing fallout from the conflict in eastern Ukraine.

Giacometti 'Chariot' on view at $800 million Sotheby's show

A sculpture of a goddess riding a chariot and a limestone bust of a woman's head upon which the sculptor Modigliani used to light candles are the centerpieces of an eye-popping 500 million pounds ($800 million) of art put on show at Sotheby's on Friday.


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Armored AutoGroup Inc is exploring an initial public offering that could value the maker of car care products at more than $1.5 billion, including debt, according to people familiar with the matter.
An art collection amassed by the late movie star Lauren Bacall, including eight sculptures by Henry Moore, will go under the hammer next year in New York, Bonhams auction house said on Friday.
Ice cream and fast-food restaurant chain Dairy Queen has confirmed a security breach that may have compromised the payment card information of customers at several hundred locations across 46 U.S. states.
Morgan Stanley said on Friday that there is "no assurance" a deal to sell its physical oil trading business to Russian oil company Rosneft will close.
California-based Mapp Biopharmaceutical Inc is making progress in efforts to boost production of the experimental Ebola treatment ZMapp, as the deadly virus continues to spread through West Africa and beyond, the company said Friday.
Sears Holdings Corp (SHLD.O) said it was the victim of a cyberattack that likely resulted in the theft of some customer payment cards at its Kmart stores, the latest in a series of computer security breaches to hit U.S. companies and dealing a fresh blow to the struggling U.S. retailer.
India's Reliance Industries Ltd (RELI.NS) is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co (PXD.N), a sale that could raise up to $4.5 billion, according to people familiar with the matter.
Nissan Motor Co is recalling about 238,000 Altima sedans from the 2013 model year because a secondary hood latch may not hold, increasing the risk of a crash, U.S safety regulators and the company said on Friday.
General Electric Co's (GE.N) finance arm is in talks to buy Milestone Aviation Group Ltd, as the U.S. conglomerate looks to expand its aircraft-leasing operation into helicopters, The Wall Street Journal reported, citing people familiar with the matter.
Ten years ago, Walt Disney Co, having fended off a hostile bid from Comcast, had to make a case why it was better off as an independent company.
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