Treasury Appoints New Enforcer on Money Laundering
The U.S. Treasury on Monday said it hired one of the Justice Department's top prosecutors to lead its anti-money laundering and counter-terror finance unit.
Slow Pace of Lowe's Transformation Hurts Outlook
Lowe's Cos. (LOW) said its transformation is taking longer than hoped to gain traction with customers and filter down to the bottom line, resulting in a weak fiscal second quarter and slashed full-year view Monday. Shares fell 6.6% to $26.02 in recent trade. The company, the No. 2 home-improvement
Vivendi Creates New Roles for Telecoms, Media Strategy
Vivendi SA (VIV.FR) is splitting its strategies for media and telecommunications between newly created roles in the latest step as the company considers selling off assets or breaking itself in two.
On Twitter, More Than 1,000 Say They Dropped Progressive
Progressive Corp. (PGR) didn't just lose a fight with a blogger last week. It also lost customers. More than 1,000 people on Twitter claimed to have dropped Progressive as their insurer in a four-day span last week, an analysis by social-media tracking firm Crimson Hexagon shows. Another 1,600 or
After 'Buy' Call, Facebook Rallies Off All-Time Low
Shares of Facebook are rallying on Monday after an analyst raised the social network to "buy" from "hold."
Sanofi Withdraws Leukemia Drug Ahead of Possible Lemtrada Approval
Genzyme, a unit of Sanofi, said Monday it is withdrawing leukemia drug Campath to prepare for its possible launch in 2013 as a multiple sclerosis treatment that will be marketed as Lemtrada.
Swiss Tax Deal Threatened by German Opposition
The tax agreement between Switzerland and Germany, which still has to be ratified by both countries' parliaments, has little chance of being passed in its current form, according to a senior German opposition politician.
Summer Turbulence Puts Scandinavia Airlines Behind Schedule
Scandinavian airline SAS AB (SAS.SK) experienced a turbulent summer flying season as more than 40 of its long-haul flights experienced delay or maintenance issues over the last two months, including cancellations and long delays that affected about 10,000 passengers.
Ryanair Fails to Stop U.K. Antitrust Probe of Aer Lingus Stake
Ryanair Holdings PLC (RYA.DB) on Monday suffered another setback in its full merger bid for Aer Lingus PLC (EIT1.DB) when the U.K.'s competition watchdog repeated its authority to probe into Ryanair's minority shareholding in the rival carrier.
Windows Phone Poised to Overtake BlackBerry in U.S. Market Share: Report
Microsoft's Windows Phone operating system is on pace to overtake Research in Motion's BlackBerry by November, according to a projection Statcounter.