Junk-Bond Prices Bounce Back
Junk-bond prices have bounced back after their steepest decline in more than a year, underscoring the thirst for higher-yielding investments despite concerns about an overheated market.
California Toll Road Sells $1.4 Billion in Bonds
The operator of a struggling toll road in southern California sold about $1.4 billion in bonds on Wednesday, capitalizing on a recent decline in borrowing costs.
Coal Miners Flood Market
Miners are shoveling more metallurgical coal on to a global market already awash with the steelmaking commodity, delaying any recovery in prices that are at multiyear lows.
McDonald's Struggles to Regain Its Cool in China
From a food-safety scandal to increased competition in the fast-food industry, McDonald’s is struggling to revive its fortunes in China.
Visa Raises Dividend by 20%
Visa Inc. is increasing its dividend by 20%, just a year after boosting the payout by 21%.
Total Names Patrick Pouyanné CEO
Total named refining and chemicals head Patrick Pouyanné as its new chief executive after the death of Christophe de Margerie in a Moscow plane crash.
Fracking Firms: Victims of Their Own Success
The fracking surge in Pennsylvania’s Marcellus Shale has caused gas prices to crater, forcing drillers to re-evaluate operations.
Bingham McCutchen Law Firm Weighs Options
Struggling Boston law firm Bingham McCutchen is appealing to its partners to stick around, and says profitability is improving after a tough 18 months marked by lawyer exits and sliding revenue.
Low Inflation, Flatter COLA: Social Security Benefits to Get 1.7% Bump
Tens of millions of elderly and disabled Americans will see a small bump in their Social Security payments next year, another reflection of a sluggish economic recovery that has kept inflation low.
Investors in Emerging Markets Cool on Consumer Stocks
Consumer staples in countries from India to China have outperformed the broader emerging market index by about 50% since 2008, but the rally is showing cracks.
Ex-Im Bank's Uncertain Future Worries Small Firms
A decision by Congress to extend the Export-Import Bank only temporarily is raising concern among business owners who say they rely on the credit agency to lower the risks of exporting.
GlaxoSmithKline Unveils Cost-Saving Plan
GlaxoSmithKline announced new cost savings, plans to explore a partial listing of its ViiV Healthcare business and better-than-expected earnings.
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