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Danny Pang, the founder of Private Equity Management Group Inc., who U.S. regulators claim bilked Taiwanese investors, died yesterday, a spokesman for the Pang family said. He was 42.
Pang was taken from his Newport Beach, Californi... -
The U.S. government’s auto trade- in program probably lifted retail sales in August to their biggest gain in more than three years and boosted factory output, economists said before reports this week.
Total purchases climbed 1.9 per... -
China announced a probe into the alleged dumping of American auto and chicken products, two days after U.S. President Barack Obama imposed tariffs on imports of tires from the Asian nation.
Chinese industries have complained that they&rsq... -
Less than 24 hours after his swearing-in ceremony, U.S. Treasury Secretary Timothy F. Geithner surprised Camden R. Fine with an invitation to a one- on-one meeting about the financial crisis.
“I about fell out of my chair,” sa... -
Senator Orrin Hatch said Republicans probably won’t accept a compromise health-care overhaul plan being worked on by Senate Finance Committee negotiators.
“I just do not believe they’re going to have Republican support o... -
American Airlines, the world’s second-largest carrier, may buy equity in Japan Airlines Corp. to prop up an ally that forecasts its fourth loss in five years, people familiar with the plan said.
American also plans to expand code-sh... -
Family members of a U.S. Securities and Exchange Commission enforcement official, whose unit got a tip in 2005 that Bernard Madoff may be running a Ponzi scheme, entrusted $2 million to the scam, the agency’s watchdog said.
The anon... -
World leaders gathering in Pittsburgh this month may take the biggest step to curbing the pay and profits of bankers after their economic policy makers narrowed differences over bonuses and capital rules.
Finance ministers and central ban... -
European and Asian shares advanced as the Group of 20 nations agreed on steps to shore up the global financial system and Kraft Foods Inc. offered to buy Cadbury Plc.
Barclays Plc, Britain’s second-largest bank, gained 1 perce... -
Kraft Foods Inc., the world’s second-largest foodmaker, said Cadbury Plc rejected a proposed 10.2 billion-pound ($16.7 billion) offer which would create “a global powerhouse in snacks, confectionery and quick meals.”
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Senate Finance Committee Chairman Max Baucus says he plans to move forward “soon” with health- care legislation after months of delays on President Barack Obama’s top domestic priority.
“I am committed to getting h... -
China’s vehicle sales may rise 28 percent this year, according to the nation’s top planning agency, likely enough for the country to surpass the U.S. as the world’s largest auto market.
Full-year sales may reach as high ... -
Global finance chiefs united on a plan to rein in bank bonuses and force lenders to hold more capital to prevent a repeat of the worst financial turmoil since the Great Depression.
Finance ministers and central bankers from the Group of 2... -
The U.S. trade deficit was probably little changed in July as imports and exports both grew, signaling a revival of commerce as the global slump eased, economists said before reports this week.
The gap between imports and exports increase... -
Media moguls Rupert Murdoch and Howard Stringer attend the annual Allen & Co. media conference in Sun Valley, Idaho, to kick the tires on new businesses. This year, they didn’t find much.
Murdoch, chairman and chief executive of...
