Kenneth Cole to Buy Out Namesake Company

Kenneth Cole will acquire the company he founded in a deal that values the apparel maker at about $280 million.

Dow Jumps 286.84 Points in Broad Rally

U.S. stocks joined a global stock rally fed by reassuring comments from the ECB, with the Dow Industrials notching their first back-to-back gains since late April.

Annie's Sales Help It Retain IPO Shine

Annie's Inc. released results for its fiscal fourth quarter, its first as a public company, and it topped expectations for revenue and profit.

China Nuclear Firm Plans Big IPO

China National Nuclear Power is planning a Shanghai initial public offering that will go toward financing part of five power projects worth $27 billion.

Barrick Gold Replaces CEO

Barrick Gold replaced CEO Aaron Regent with its longtime finance chief, Jamie Sokalsky, citing the lackluster performance of its stock.

China Restricts Once-Public Data

Beijing has curtailed access to information often used by investors and short sellers to evaluate Chinese companies.

'Volcker Rule' Cited at JPM Hearing

The 'Volcker rule' designed to rein in banks' risky trading would have forced J.P. Morgan to examine its money-losing trades, Fed governor Daniel Tarullo said at a Senate hearing.

Europe Clouds Fed's Outlook

The U.S. economy expanded at a moderate pace, though turmoil in Europe and political uncertainty in the U.S. worried some employers, the Fed said in a report.

Gupta, Rajaratnam Had Dispute in '07 and Stayed Partners

In the insider-trading trial of former Goldman director Rajat Gupta, aformer employee of Raj Rajaratnam's Galleon Group said the two men had a dispute in 2007 over a joint investment but remained partners.

News Corp. to Buy Out Disney in Asia Sports Venture

News Corp. is buying out Disney's interest in ESPN Star Sports, ending the two companies' 16-year partnership in the Asian sports-broadcasting company.

Diageo Plans Scotch Investment

Global drinks giant Diageo plans to invest more than $1.54 billion in Scotch whisky production over the next five years to meet demand in emerging markets.

EU Outlines Bank Plan

The European Union on Wednesday proposed legislation for dealing with failing banks that aims to shift the cost of future bank collapses away from taxpayers and onto investors.

Brown-Forman Plans First Wide Price Increases in Years

Brown-Forman plans to raise prices widely for the first time in years despite a drop in fiscal-fourth quarter earnings.

Tempur-Pedic Shares Sag Badly

Shares of Tempur-Pedic plunged after the mattress maker issued a gloomy forecast, pointing to an unprecedented number of rival products and heavy discounting.

Cancer-Gene Test Seeks to Match Drugs to Patients

A new test from Foundation Medicine that analyzes tumors for more than 200 genes is attracting interest among drug companies including Novartis, which will use the test in early-stage clinical trials.

Web Retailer Fanatics Valued at $1.5 Billion

Kynetic is set to announce an investment from Andreessen Horowitz and Insight Venture Partners that will value its sports apparel site Fanatics.com at $1.5 billion.

Probe Widens Into Mortgage Lenders

The broadened investigation could force more banks to pick up some of the rising tab for losses at the Federal Housing Administration.

Europe's Central Bank Holds Rates Flat, for Now

The ECB kept rates steady despite a deepening downturn and slowing inflation, raising pressure on governments to take the lead in fighting Europe's debt crisis.

Nasdaq CEO Offers Facebook Apology

Nasdaq outlined a plan to pay up to $40 million through cash and trading discounts for financial firms affected by last month's messy Facebook IPO.

China's Overseas Investment Surges

China's overseas investment in the first quarter more than doubled to $21.4 billion as state-owned companies snapped up resource-related assets around the globe.