US news

U.S. Industrial Production Dropped More Than Forecast

CBS Corp. agreed to buy Cnet Networks Inc., the owner of technology news and information Web sites, for about $1.8 billion to more than double its online visitors in the U.S.

Blackstone Group LP, the buyout firm that went public at the peak of the takeover boom last year, reported a loss of $66.5 million as fees tumbled in every business,

Billionaire investor Carl Icahn threatened to seek control of Yahoo! Inc.'s board if the Internet company doesn't revive takeover talks with Microsoft Corp. over its failed $47.5 billion bid.

General Electric Co. may sell or seek a partner for the unit that makes refrigerators and washers, ending more than a century in an industry that helped make GE a household name

Blackstone Group LP, the buyout firm that went public at the peak of the takeover boom last year, reported a loss of $66.5 million as fees tumbled in every business, including deal-making, hedge funds and mergers advice.


Deutsche Bank AG, Citigroup Inc. and Royal Bank of Scotland Group Plc are selling at least 2 billion pounds ($3.9 billion) of loans that funded the leveraged buyout of Alliance Boots, the first deal frozen when credit markets began seizing up in July.

Manufacturing in New York shrank in May for the third time in four months, as a drop in orders caused businesses to pull back.

The number of Americans filing first- time claims for unemployment insurance rose last week 371,000

NYSE Euronext's Liffe derivatives market will offer new futures contracts based on alternatives to the London interbank offered rate,