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CFTC fines Goldman $1.5 million for failed supervision
Goldman, Sachs & Co.Friday December 7, 2012 3:51PM ET
A former Goldman, Sachs & Co. employee hid an $8.3 billion trading position. The company lost more than of $100 million unwinding the position and the result is a $1.5 million penalty.
Glencore's takeover of Viterra cleared by China's ministry
ViterraFriday December 7, 2012 11:06AM ET
Glencore International announced that it received notice from the Ministry of Commerce of the People's Republic of China that its acquisition of Viterra has been approved. The transaction is worth $6.2 billion.
Sirius Radio to buy back shares, declares 5 cent special dividend
Sirius XM RadioThursday December 6, 2012 3:08PM ET
Sirius XM Radio said it will enter a $2 billion common stock repurchase program and declared a special cash dividend of 5 cents a share.
Macy's to open most stores for 48-hours straight
Macy'sThursday December 6, 2012 2:46PM ET
Macy's began the tradition of keeping its doors open 24-hours with Queens Center in 2006 but that's not enough: this year it will open most stores for 48-hours straight. Have your credit cards ready.
Delta Air Lines orders 40 jets from Bombardier, price up to $3.29bn
Bombardier CRJ900 NextGenThursday December 6, 2012 2:00PM ET
Delta Air Lines has placed an order for 40 CRJ900 NextGen regional jets by Bombardier Aerospace. With and option for additional 30 CRJ900 NextGens the order is valued at approximately $1.85 billion and could reach approximately $3.29 billion.
Tesco to leave U.S. after $1.6 billion failure
Fresh & EasyThursday December 6, 2012 8:55AM ET
Tesco said that it plans to sell Fresh & Easy food stores chain. The company's U.S. operations are unprofitable after five years of investment and $1.61 billion spent.
Freeport-McMoRan to buy oil and gas assets in $20 billion deal
Freeport-McMoRan Copper & Gold (FCX)Wednesday December 5, 2012 5:12PM ET
Freeport-McMoRan Copper & Gold (FCX) announced that it will buy Plains Exploration & Production Company (PXP) for for approximately $6.9 billion in cash and stock, and McMoRan Exploration Co. (MMR) for approximately $3.4 billion in cash.
EU imposes record $1.9-billion cartel fine on seven TV, monitor companies
EU record fineWednesday December 5, 2012 2:28PM ET
The European Commission has fined seven international groups of companies a total of 1.47 billion euros for two decade-long cartels.
Starbucks to open 3,000 new stores
StarbucksWednesday December 5, 2012 2:05PM ET
Starbucks announced its plans to open add more than 3,000 new stores in Americas and renovate thousands more stores over the next five years.
Citigroup to cut 11,000 jobs
CitigroupWednesday December 5, 2012 9:05AM ET
Citigroup announced a series of actions to reduce expenses and improve efficiency, including cutting 11,000 jobs. The company would take a pretax charge of approximately $1 billion for the cuts.
Baxter to acquire Gambro for $4.0 billion
BaxterTuesday December 4, 2012 3:31PM ET
Baxter International is to acquire Gambro AB, a dialysis product company based in Lund, Sweden, for 26.5 billion SEK (approximately $4.0 billion). The acquisition gives Baxter a comprehensive dialysis product portfolio.
Nokia sold headquarters for 170 million euros
Nokia headquartersTuesday December 4, 2012 2:09PM ET
Nokia sold its head office building in Espoo, Finland, to Exilion. The price is 170 million euros and Nokia will lease back the building.