| Aug 12, 2014
| 2:57 PM
Standard & Poor's on Tuesday lowered its ratings on the financial strength of both Phoenix Life Insurance Co. and PHL Variable Insurance Co. from BB- to B+.
The standard double-B, or BB, rating means a company is not so vulnerable in the near future, but...
| Aug 13, 2014
| 3:02 AM
When Revel made its glittering debut two years ago, it was touted as bringing something unusual to this gambling town: a casino within a luxurious "lifestyle" resort.
Its promise of glitz and prosperity is now dashed.
What becomes now of the 6.3...
| Aug 14, 2014
| 11:01 AM
Standard & Poor's lowered SeaWorld Entertainment's credit rating Thursday amid negative publicity over its treatment of killer whales.
The move by the Wall Street rating company came one day after SeaWorld reported lower-than-expected earnings for the...
| Aug 15, 2014
| 3:23 PM
Online home-furnishings retailer Wayfair Inc is seeking to raise $350 million in an initial public offering of its Class A common stock, the company said in a regulatory filing on Friday.
The Boston-based company owns brands such as online flash sales...
| Aug 5, 2014
| 4:15 AM
WH Group Ltd., the world's biggest pork company and owner of Smithfield Foods, surged 7 percent in its Hong Kong trading debut on Tuesday after sharply scaling back valuations in its second attempt at an initial public offering.
While WH Group's $2.1...
| Aug 5, 2014
| 8:13 PM
Six years after the financial crisis, regulators said that 11 banks deemed too big to fail still have produced no workable procedures to help regulators shut them down should they ever reach the brink of failure.
The Federal Reserve and the Federal...
| Jul 29, 2014
| 4:30 PM
Twitter shares jumped as much as 35% in after-hours trading after the social-media company posted better-than-expected earnings for the second quarter of 2014.
The company reported revenue for the period of $312 million, up 124% year-over-year, and a net...
| Jul 30, 2014
| 1:04 PM
(Reuters) - Troubled life insurer and annuity provider The Phoenix Companies Inc has hired investment banks Goldman Sachs Group Inc and Sandler O'Neill and Partners to explore a sale, according to people familiar with the matter.
Shares of the insurance...
| Jul 30, 2014
| 5:15 PM
The financially troubled Phoenix Cos. has hired investment banks Goldman Sachs Group Inc. and Sandler O'Neill and Partners to explore a sale, according to people familiar with the matter.
The Hartford-based life insurer began exploring a sale earlier...
| Feb 12, 2014
| 7:33 AM
Facebook celebrated its 10th anniversary last week by launching a feature called "Look Back" videos.
After around 200 million users jumped at the chance to create their own, Facebook is declaring the feature as a success.
Sheryl Sandberg, Facebook's...
| Oct 15, 2013
| 11:15 AM
NEW YORK – The prospect of a U.S. debt default has unnerved investors, corporate executives and foreign leaders.
What's so troubling about Congress failing to raise the nation’s debt ceiling by Thursday? Here are basic facts about the debt...