Companies that purchase debt cheaply then collect it aggressively are shockingly easy to start. We can prove it! stated John Oliver on his popular TV show. Some people though... read more

Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and American International Group Inc (NYSE:AIG) had a secret non-compete agreement in place over hiring employees for a year that has now ended, according to a... read more

Bank of England Governor Mark Carney warned that a currency union between England and an independent Scotland would be “incompatible with sovereignty”. An independent Scotland keeping the pound has become... read more

People in the U.S. and China view each other with increasing suspicion, and many others around the world see the U.S. losing its place to China as the leading... read more

Earnings growth expectations are low against their historic average, close to troughs seen in the aftermath of previous recessions, but with metrics improving they may be set to start... read more

Huawei Technology Co Ltd (SHE:002502) made its name selling telecom equipment, and specializes in building the routers and switches needed for national communication systems. But it's been unable to... read more

A “young Turk,” as Forbes magazine once called him, has taken the lead in the HSBC hedge fund sweepstakes. Ahmet Okumus, who knew as a young trader hanging out at... read more

Leading card-issuer American Express Company (NYSE:AXP) fell the most in a year amid the European Commission’s proposed move to cap interchange fees. Morgan Stanley (NYSE:MS) and Credit Suisse analysts expressed... read more

Fairfax Financial Holdings Ltd (TSE:FFH) has acquired a 5 percent stake in Greek industrial firm Mytilineos worth €30 million, as first spotted by Harry Papachristou for Reuters and reported in... read more

At an increasingly distant point in history, a government’s currency was backed by gold reserves. But slowly, governments abandoned “the gold standard,” most notably occurring in 1971 when then... read more