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MetroPCS Communications Inc., the wireless carrier looking to expand, may struggle to become a viable replacement for T-Mobile USA as AT&T; Inc. tries to win government approval to buy the company from Deutsche Telekom AG.
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Bankrupt MF Global Holdings Ltd.’s broker-dealer will be liquidated under the supervision of the same trustee who is unwinding Lehman Brothers Holdings Inc.’s brokerage, a federal judge ruled.
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Speculators boosted wagers on higher commodity prices by the most since August as improving prospects for growth in the U.S. and Europe sent prices toward their biggest rally in 10 months.
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Maxcom Telecomunicaciones SAB’s dollar bonds are yielding twice as much as similar-rated global debt, a sign to Scotia Capital and Tradition Asiel Securities that the securities are a bargain as the Mexican phone company has enough cash to service debt for the next three years.
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MF Global Holdings Ltd.’s bankruptcy filing may prompt the U.S. Federal Reserve to “rethink” the definition of systemically important firms and to expand its oversight, according to bank analyst Richard Bove.
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The yen slumped the most since 2008 against the dollar as Japan stepped in to foreign-exchange markets to weaken the currency for the third time this year after its gain to a postwar record threatened exporters.
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Republican presidential candidate Herman Cain, facing questions about his personal conduct as he gains in opinion polling, said today that he is innocent of accusations of sexual harassment made against him while serving as head of the National Restaurant Association in the 1990s.
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Ezra Merkin’s bankrupt funds Gabriel and Ariel, so-called feeder funds for con man Bernard Madoff, have a combined net asset value of about $1.2 billion, said a liquidator.
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American Superconductor Corp., a U.S. maker of wind-turbine components and power cables, canceled a deal to buy Finland’s The Switch Engineering Oy, citing “adverse market conditions.”
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A complication that causes drug- coated heart stents to weaken and shrink will be reviewed at a medical meeting next week, potentially altering sales in the $4 billion market for the devices sold by Boston Scientific Corp., Medtronic Inc. and Abbott Laboratories.
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President Barack Obama goes into the 2012 with a weak economy that may doom his reelection. But he has one asset that hasn’t received much attention: He’s honest.
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The Waldorf-Astoria’s art deco elevator doors opened and out walked Kermit and Miss Piggy, or rather, Brian Mullen, an investment banker, and Liz Mullen, an accountant, dressed as the Muppets.
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Newcastle beat Stoke 3-1 to extend its unbeaten English Premier League start to 10 games and move up to third in the standings.
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Luiz Inacio Lula da Silva, who stepped down this year as Brazil’s most popular president ever, will begin chemotherapy treatment today to eradicate a cancerous tumor in his throat that is undermining speculation he’ll try to regain power in 2014.
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