Morgan Stanley will spin off its proprietary trading business into an independent firm in 2012, joining a host of Wall Street banks scrambling to comply with new rules that bar making market bets with their own capital.
A letter following a chance meeting with Albert Einstein and 1930s research on the perfect cup of coffee are two artifacts in an exhibit to mark the 150th anniversary of the Massachusetts Institute of Technology.
EU shoemakers drop call to extend Asia shoe tariffs
A top Ford Motor Co executive said on Monday that the strength of pickup truck sales in the first quarter will be a key early signal for the overall 2011 US auto market.
Rising food prices are stoking global inflation with many agricultural commodity markets on the rise, driven by adverse weather in key producing countries, a senior trader at JP Morgan said on Monday.
A former Dresdner banker, his Asian wife and a Singaporean man have pleaded guilty to eight counts of insider dealing in Britain, allowing the UK regulator to claim its latest victory in a crackdown on market abuse.
After luring a key estranged ally back in the ruling coalition, Pakistan's prime minister accepted demands on Sunday from the country's main opposition party, defusing a political crisis that brought his government almost to the brink.
Increased trade is one of the best ways to fight poverty, so rich countries should do more to open their markets to goods from developing countries, a report issued on Monday said.
The US Supreme Court on Monday declined to review a ruling that reinstated an antitrust lawsuit alleging major record labels conspired to fix prices and terms under which music would be sold over the Internet.
Italy's Fiat has lifted its stake in Chrysler to 25% after winning approval to build a new engine in Dundee, Michigan, one of three conditions agreed with the US government when it invested in the troubled US carmaker.
British and Chinese companies signed business deals worth around 2.6 bn pounds (USD 4 bn) on Monday, including an agreement to increase sales of Jaguar Land Rover vehicles to China, Britain said.
Playboy Enterprises Inc has agreed to be taken private by founder Hugh Hefner, after he raised his bid by 12%, ending months of negotiations.
Duke Energy said on Monday it agreed to buy Progress Energy Inc for USD 13.7 bn in stock, creating the largest US power company.
Credit Suisse is to subject more of its bankers to deferred compensation programmes and cut cash payouts, as calls for banks to show pay restraint grew among politicians.
Pope Benedict called on Monday for Pakistan to repeal its anti-blasphemy law, days after a senior Pakistani politician who opposed the legislation was assassinated by his own bodyguard.
Mozambique on Monday turned down a request by the Indian government for five coal concessions, saying the Asian giant should first develop its two existing blocks in the southern African nation.
Research In Motion said on Monday it will filter pornographic internet content for its BlackBerry smartphone users in Indonesia, following government pressure to stop access to porn sites or face its browsing service being shut down.
At least 77 people were killed in Sunday's passenger plane crash in northwestern Iran, the official IRNA news agency reported on Monday.
Portugal does not need to apply for EU aid, Spain's Economy Minister said on Monday, as pressure mounted on Lisbon to seek outside help in managing its finances and risk premiums on both countries' debt widened.
A 22-year-old man charged with trying to assassinate US congresswoman Gabrielle Giffords by shooting her in the head during a bloody rampage that killed six people and wounded 14 is due to appear in court on Monday on charges of murder and attempted murder.
The most significant arrival at this year's Detroit auto show is something of a throwback to the heady days of the late 1990s: optimism that growth is accelerating in an infamously cyclical industry.
US chemicals group DuPont said on Sunday it will buy Danish food ingredients and enzymes firm Danisco for USD 5.8 bn to boost its position in the fast-growing food sector.
The pace of growth in emerging markets quickened in the fourth quarter of 2010, thanks to a rebound in manufacturing, HSBC's quarterly index showed on Monday, but input costs hit 2-Â½ year highs.
Automakers in China shipped a record 13.8 mn passenger cars to dealers in 2010, up 33.2% from a year earlier, the official China Association of Automobile Manufacturers (CAAM) said on Monday.
When President Barack Obama meets China's Hu Jintao this month, he might remind his guest of an old US proverb: owe USD 10,000 and you have a problem; owe USD 10 mn and the lender has a problem.