The seemingly symbiotic relationship between the China and America — dubbed Chimerica — is now clearly chimerical. What was once billed as the ideal partnership is quickly turning into a competition for global influence inste…
Loehmann’s Holdings Inc., filed for bankruptcy after failing to exchange $110 million of bonds, Bloomberg News reported.
“The decline in economic conditions in several markets in which Loehmann’s stores are concentrated, mainly California, the Northe…
The Federal Reserve bought $7.3 billion worth of U.S. Treasuries Friday as it started a second round of quantitative easing meant to stimulate the nation’s economy, media reports indicate. The QE2 plan, designed to boost job cr…
Mizuho Financial Group (MFG), Japan’s third-largest bank, will take a $500 million stake in asset manager BlackRock Inc. (BLK)
Mizuho will buy a total of 3.07 million shares of BlackRock for $163 a share, Bloomberg News said. The purchases will give M…
The leaders of the 20 major economies failed to back a U.S. plan intended to push China to let its currency strengthen. The leaders released a statement saying all the countries pledged to avoid “competitive devaluation” of currencies, The Associated P…