Business

Brent Oil Futures Sink to 9-month Low

Brent oil futures sank to a nine-month low on Tuesday, as global supplies were seen as ample despite ongoing violence in Ukraine and Iraq.


Revel Atlantic City Goes Bust

The embattled and forever-troubled Revel Casino Hotel will close by Sept. 10, putting some 3,200 employees out of work.


Hertz Holds Off on Filing Q2 Results

Hertz is delaying filing its second-quarter financial results because of its ongoing review of accounting errors from the last three years.


Barneys to Pay $525,000 in Racial Profiling Case

Barneys New York was brought up on racial profiling charges twice in one week last fall.


Mexico Opens Gas, Oil to Foreign Investors

Mexican President Enrique Pena Nieto has signed into law the rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.


Chiquita Faces $611 Million Buyout Bid

Chiquita Brands received a buyout offer worth about $611 million from investment firm Safra Group and Brazilian agribusiness Cutrale Group.


Dean Foods Shares Tumble on Loss

Shares of Dean Foods tumbled more than 9 percent in pre-market trading after the company posted a wider-than-expected second-quarter loss and withdrew its forecast for the full year.


Andreessen Horowitz Bets $50 Million on Buzzfeed

Entertainment and news site Buzzfeed got a $50 million vote of confidence from Silicon Valley venture capital firm Andreessen Horowitz, valuing the company at $850 million.


Crude Oil Wavers on Ukraine, Iraq Fears

Crude oil futures swung between small gains and losses on Monday, as traders awaited new developments from Ukraine and the Middle East.


Kinder Morgan Consolidation Yields Short-Term Bonanza

The three acquisition targets of Kinder Morgan's $71 billion consolidation plan jumped Monday, while Kinder Morgan gained more than 17 percent.


Darden Shares Rise on Forecast, Debt Retirement

Darden has completed its repurchase of about $900 million of a previously announced $1 billion debt retirement, and expects to retire the remaining debt later this month.


Market Basket Board: End 'Hostage-Taking'

Three Market Basket board directors fired back at ousted CEO Arthur T. Demoulas today, calling for an end to "hostage-taking."


Judge Denies GM Motion to Dismiss Ignition Suit

A judge has denied General Motors' request to dismiss a wrongful death case related to a faulty ignition switch.


Etihad Buys 49 Percent of Alitalia

Fast-growing Etihad Airways took effective control of Italy's nose-diving national carrier Alitalia on Friday in a deal that will see the Gulf airline gain access to one of Europe's major markets.


Will Malaysia Airlines Relaunch Be Airworthy?

Malaysia Airlines will be brought back under the wing of the Malaysian government, but a string of restructurings over the past decade failed to put the carrier on a steadier flight path.


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