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  • US university, foundation invested in frozen Chinese stocks

    The University of Michigan, defense contractor Lockheed Martin Corp. and a foundation helping Appalachian children all own stakes in an overseas investment fund backing two major Chinese companies, which recently froze their stocks and missed financial reporting deadlines.
  • Merger momentum keeps on rolling with Heinz deal for Kraft

    Wall Street's deal-making renaissance shows no sign of ending. Heinz's $45 billion acquisition Kraft Foods, announced Wednesday, has helped maintain the momentum in the market for mergers and acquisitions. So far this year companies globally have struck...

    Walker takes himself out of running for US Senate

    David Walker, the former U.S. comptroller general, has taken himself out of the running to challenge U.S. Sen. Richard Blumenthal. Walker tells Hearst Connecticut Media ( ) he does not plan to oppose the Democratic incumbent next...

    'Godfather' money rules Nigeria vote as lawmakers outearn Obama

    ABUJA, Nigeria When Okey Onwa decided to run for a seat in Nigeria's House of Representatives, a ruling party leader laid out the terms to the 52-year-old lawyer. He would have to pay 2 million naira ($10,048) as an expression of interest and sign...

    American Alliance of Museums chooses 1st woman as president

    The American Alliance of Museums has selected Laura Lott as the association's next president and CEO, the first woman to lead the organization in its 109-year history. The Washington-based alliance announced Friday that its board selected Lott after a...