J.P. Morgan Banker Selected for FDIC
The White House plans to nominate former Bush administration official Jeremiah Norton to the Federal Deposit Insurance Corp., a key banking regulator.
After Xstrata, a Mining Merger Pileup
A Glencore-Xstrata merger would create a true rival to global mining heavyweights like Vale, Rio Tinto and BHP Billiton, as well as put pressure on midsize players to either team up or grow through acquisitions.
Storm Clouds Gather Over Florida Insurers
State-run entities that expanded over the past decade to provide affordable homeowners insurance in hurricane-threatened Florida are in danger of becoming so big they threaten to wreak havoc on the local economy.
Adelson Cashes In on Turnaround at Sands
A financial turnaround at Las Vegas Sands Corp. is beginning to pay off for chairman and CEO Sheldon Adelson, who during the financial crisis put $1 billion of his own money into the struggling casino operator.
Profits Showing Weakness
U.S. corporate profits are showing signs of flagging, even as share prices reach multiyear highs. Margins are slipping as already-lean firms find it harder to continue cutting costs.
