NEW YORK (Reuters) - Johnson & Johnson on Tuesday reported disappointing third-quarter sales on Tuesday, but beat earnings forecasts thanks to cost-cutting and raised its full-year profit forecast.
SHANGHAI (Reuters) - General Motors Co may finalize a deal this week to sell a majority stake in its European carmaking arm Opel to a Canadian-Russian consortium, its chief executive said on Tuesday, as the firm sheds unwanted brands.
TAIPEI/HONG KONG (Reuters) - American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.
NEW YORK (Reuters) - CIT Group Inc is seeing little interest from bondholders in a debt exchange offer aimed at repairing its fragile balance sheet, making bankruptcy increasingly likely, sources familiar with the matter said.
NEW YORK/WASHINGTON (Reuters) - Bank of America Corp agreed to waive legal privileges linked to its purchase of Merrill Lynch, in a step that could force the bank to hand over more details of how much it knew when it bought the investment bank, federal regulators said on Tuesday.
NEW YORK (Reuters) - Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.
(Reuters) - JPMorgan Chase & Co is promoting Kurt Simon to co-lead its technology, media and telecommunications team, the Wall Street Journal reported on its website on Tuesday.
SINGAPORE (Reuters) - The number of high net-worth individuals in Asia Pacific slumped 14 percent in 2008 and they lost over a fifth of their wealth, leading to only cautious moves from cash back into stocks this year, Merrill Lynch and Capgemini said on Tuesday.
HONG KONG (Reuters) - Macau's move to review gaming rules in the world's fastest-growing gambling market could brighten the outlook for casino stocks as potential curbs would help profits by limiting oversupply, analysts said on Tuesday.
