GE to have right to sell stake in new NBC venture

General Electric could start to exit a new NBC Universal joint venture with Comcast Corp as soon as three-and-a-half years after the ink is […]

Swan Says Australia Stimulus Shouldn’t Be Withdrawn Prematurely

The Australian government’s plan to gradually withdraw stimulus spending that is helping the economy recover is appropriate and shouldn’t be accelerated, Treasurer Wayne Swan […]

Fast traders push alternative risk oversight plan

A handful of companies, including high-frequency traders, have asked the U.S. stock clearinghouse to act as a market-wide monitor, to guard against the risk […]

Pay czar urged to stop BofA CEO pension

A top U.S. labor group on Thursday asked the Obama administration’s “pay czar” to stop any retirement payments to Bank of America Chief Executive […]

European Economy Contracts More Than Estimated

Europe’s economy contracted more than estimated in the second quarter as consumer spending, investment and exports were weaker than earlier reported.
Gross domestic product […]

Battle-tested IMF emerges with bigger global role

The International Monetary Fund is evolving into a “central clearing house” that will help manage the global economy, the head of the IMF’s policy-steering […]

Fidelity Magellan dials up on growth, bounces back

In the 1980s, when stocks mostly surged, a few mutual fund managers became the equivalent of rock stars.
Tops among them: Peter Lynch, who […]

BULLETIN BOARD

AWARDS
Mosby Building Arts won a Homer Award from the Home Builders Association of Greater St. Louis & Eastern Missouri for a south St. […]

UK bribery move on BAE adds to woes in U.S.

Britain’s plan to prosecute BAE Systems Plc for bribery is more bad news for the U.K. company, which is already smarting after losing two […]