New Jersey college buys Atlantic City casino for dorm, branch campus
PHILADELPHIA (Reuters) – A New Jersey college said on Saturday it has completed its $18 million purchase of the shuttered Showboat Atlantic City casino resort from Caesars Entertainment Corp , a deal that would usher in a new dormitory and a branch cam…
Apollo nearing deal to buy PetSmart for about $8 billion: Bloomberg
WASHINGTON (Reuters) – Apollo Global Management is nearing a buyout of PetSmart Inc for about $8 billion in what would be the largest leveraged deal for a U.S. company this year, Bloomberg reported on Saturday, citing unnamed sources.
BP to wield jobs ax as oil price slump takes toll: report
LONDON (Reuters) – (This Dec 7 story corrects year in para 3)
China’s Tencent wins approval to start banking business
SHANGHAI (Reuters) – China’s Tencent Holdings Ltd has been given approval to start its banking operations, the banking regulator said, making the internet firm the first of five recently approved private banks to open its doors to clients.
Oil plunges 3 percent to new five-year lows after bearish IEA outlook
NEW YORK (Reuters) – Crude oil markets fell 3 percent or more to plumb new five-year lows on Friday after the world’s energy watchdog forecast even lower prices on weaker demand and larger supplies next year.
The Federal Reserve’s language lessons
NEW YORK (Reuters) – “Will they or won’t they?” is the question on investors’ minds as the Federal Reserve policy-setting committee meets next week for the last time this year.
Sony executive may face call from Sharpton to resign over emails about race
LOS ANGELES (Reuters) – Civil rights leader Reverend Al Sharpton will meet next week with Sony Pictures Entertainment Co-Chairman Amy Pascal and decide whether her emails about President Barack Obama’s race warrant calling for her resignation.
Oil slump leads Wall Street to worst week in 2-1/2 years
NEW YORK (Reuters) – U.S. stocks fell sharply on Friday, leaving the benchmark S&P 500 with its worst weekly performance since May 2012, as investors pulled back from the markets in response to oil’s free-fall and more weak data out of China.
Oil plunges 3 percent to new five-year lows after bearish IEA outlook
NEW YORK (Reuters) – Crude oil markets fell 3 percent or more to plumb new five-year lows on Friday after the world’s energy watchdog forecast even lower prices on weaker demand and larger supplies next year.
UBS brokers’ pay could reach all-time high under tweaked bonus plan
NEW YORK (Reuters) – UBS AG’s Wealth Management America on Thursday made it easier for brokers to earn a key bonus in 2015 under its revised compensation package, which could boost top advisers’ overall pay to an all-time high.
