Business & Finance News - Yahoo! Finance

Employees of TSE work at the bourse in Tokyo

Asian markets hammered on China fears, Fed exit plan

Reuters - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second-largest ec…

China factory activity hits nine month low, policy action eyed
China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central ...
Sony CEO asks for patience as shareholders press on spinoff plan
Sony Corp shareholders pressed its chief executive for a response to hedge fund Third Point's proposal for a partial spinoff of its profitable entertainment arm but Kazuo Hirai pleaded for patience as ...
SandRidge ousts CEO Ward, Bennett takes the helm
SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic ...
Bernanke says Fed likely to reduce bond buying this year
Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Bernanke's ...
Sony to consider Third Point's proposal: Sony CEO Hirai
Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics company's profitable entertainment arm. Hirai ...
Japan's Nomura cuts Australian jobs as banks trim costs
Japan's biggest brokerage firm Nomura Holdings Inc flagged redundancies in its Australian equities team, in an internal memo seen by Reuters. Nomura is removing duplication from its equities business after ...
Analysis: Sprint should raise Clearwire bid to avoid Dish tension
Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen. ...
UK watchdog details bank capital shortfalls
Lloyds Bank has a capital shortfall of 8.6 billion pounds, Britain's banking regulator said on Thursday, a day after the UK government signaled plans to return the part-state owned lender to the private ...
Icahn reiterates commitment for Dell buy
Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came ...
Why Chrysler Backtracked on Jeep Recalls
On the surface, it appears that Chrysler did an about-face involving safety recalls on more than 1 million Jeep SUVs. But behind the scenes, Chrysler negotiated a much better deal with the government.