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Morgan Unloads Crescent

published about 19 hours ago
Morgan Stanley closed the book on its disastrous $6.5 billion acquisition of Crescent Real Estate Equities by handing the keys to lender Barclays.

Dozens occupying UC Berkeley building arrested

published about 19 hours ago
Officials say dozens of people occupying a campus building at the University of California, Berkeley, in a protest over fee hikes and budget cuts have been arrested.

Weak Power Demand Dims Outlook

published about 19 hours ago
Electricity sales remained weak in the third quarter, prompting speculation that the sluggishness could persist even after the U.S. economy rebounds.

Valero Will Close Delaware Refinery

published about 20 hours ago
Valero Energy said it plans to close its Delaware refinery after failing to find a buyer for the facility at a time when refiners are contending with weak demand.

AnnTaylor Swings to Profit

published about 20 hours ago
AnnTaylor Stores swung to a third-quarter profit amid lower restructuring expenses and higher margins, even as revenue fell 12%.