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Neiman Marcus acts on $700m bonds
Neiman Marcus, the US luxury department store taken private in 2005, is invoking its right to capitalise its interest
Wall Street falls amid deals
US stocks fell on Monday amid a flurry of deal-making as investors focused on a further steep decline in Chinese stocks.Walt
Icahn's man fails to impress Motorola
...mobile phone maker, is coming down to a fight over one man: Keith Meister.Meister, who has been chief executive of Icahn Enterprises since 2003, is one of the four executives Icahn has nominated to the Motorola board. The 35-year-old Harvard graduate is...
Europe puts stress on R&D spending
Corporate spending on research and development has held up better in Europe than in the US, at least in the early months of
GMAC chief ousted as bail-out talks go on
Alvaro de Molina was ousted as chief executive of GMAC Financial Services, the lending arm of General Motors, on Monday
Bain to buy Citi stake in Bellsystem24
Citigroup said on Sunday it had agreed to sell its stake in Bellsystem24, a Japanese telemarketing company, to Bain Capital
Avaya to buy Nortel enterprise unit
Avaya, the manufacturer of corporate phone systems and software, is to acquire Nortel Network's corporate networking
Late rally lifts US stocks
Wall Street clung on to its gains from the previous session's rally in spite of a downbeat statement from Home Depot on
Soft drinks bottlers
...product is served in a similar way in the swankiest bar and the cheapest burger joint. However, results from bottler Coca Cola Enterprises on Wednesday suggest that this approach may be starting to change. The group reported North American volume declines of 10...
Turning point for US mutual fund fees
...matter this autumn when it hears Harris v. Jones. For the US retail mutual fund industry, Harris v. Jones is "the most important litigation...rejected by a lower court.The case, Gallus et al. v. Ameriprise, centres on complaints from...
