Electrolux to Add Sizzle to Its Brand

As Western consumer spending remains depressed, the Swedish appliance maker is targeting the super-rich and emerging markets.

Singapore Grabs for the Gold

Singapore is scrapping a tax on gold and silver in an effort to turn the city into a precious-metals trading and storage hub to rival London and Zurich.

Olympus-Sony Deal Shows Old Ways Die Hard

Sony's plan to buy an 11% stake in Olympus shows how the scandal surrounding the endoscope maker did little to disturb Japan's cloistered corporate culture.

Higher Gas Prices Drive Up Spending

Rising prices pushed consumers to spend more in August but their paychecks barely increased. That cast doubt on the sustainability of consumer spending in coming months.

BofA Takes New Crisis-Era Hit

Bank of America agreed to pay $2.43 billion to settle claims it misled investors about the acquisition of troubled brokerage firm Merrill Lynch & Co., in the latest financial-crisis aftershock to rattle the banking sector.

LightSquared Seeks a Fresh Signal

LightSquared wants regulatory approval for a plan it thinks will overcome the technical problems that have postponed its launch of a next-generation network and tipped the company into bankruptcy protection.

Obama Blocks Chinese Firm's Bid for Wind Farms

The White House issued an order that prevents a Chinese-owned firm from acquiring four wind-farm projects near a Navy facility in Oregon.

Stocks Close on Low Note

Stocks looked to end their biggest monthly advance in three months with a whimper, amid concerns about a review of Spain's credit rating and uninspiring readings on U.S. wage gains and manufacturing.

U.S. Stocks Rise for a Third Month

The Dow climbed to a third-straight monthly gain after Fed Chairman Bernanke underscored the central bank's readiness to act in order to bolster the economy.

Peregrine Chief's Assets to Be Auctioned

The court-appointed receiver sifting through the assets of Russell Wasendorf Sr. plans a multiday auction this fall to liquidate the Peregrine Financial CEO's personal property.

Bankia Books Big Loss

Bankia posted one of the largest losses on record for Spain's financial sector after taking close to $9.4 billion in charges. Spain's bank bailout fund plans to inject capital into the bank.

EU Seeks Greater ECB Role on Banks

The European Central Bank should police the more than 6,000 banks in the euro zone, said the EU's executive, setting itself up for a clash with Germany, which wants to retain oversight over smaller lenders.

J.P. Morgan Rankled by Risk

J.P. Morgan Chase is reviewing its dealings with dozens of brokerages that use the bank to settle trades in an effort to reduce its risks.

Euro Zone's Slide Gathers Pace

The contraction in the euro-zone economy deepened in August and unemployment hit a new high, adding to recent evidence that the region's descent into recession is accelerating.

Corporate Probation: Punishing Or Punting?

U.S. tactic of settling investigations without indicting companies is popular,but controversial.

Argentina Challenges U.S. Ban On Its Beef

Argentina has formally challenged U.S. import restrictions on Argentine beef at the World Trade Organization amid strained ties between the South American nation and several of its biggest trading partners.

Audit of KPMG Finds Weaknesses

The government's auditing regulator found deficiencies in audits conducted by KPMG.

Barclays Picks Insider for CEO

Barclays named Antony Jenkins to be its chief executive, picking a longtime insider to try to resuscitate the bank's battered reputation after a wave of scandals.

Altitude Aircraft Looks to Revive Singapore IPO

Altitude Aircraft Leasing, a trust backed by General Electric Co. is looking to revive its plans for an initial public offering in Singapore that could raise between $500 million to $750 million.

Nomura Plans $1 Billion in Cost Cuts

Nomura Holdings said it is planning to slash costs by $1 billion next fiscal year, in the first indication of how Japan's biggest brokerage is changing course under new management.