Financial Service News

From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

Sprint Nextel Corp said its Japanese suitor SoftBank Corp granted it a waiver allowing it to consider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offer for the No.

The firm currently has a "buy" rating on the stock. A number of other firms have also recently commented on DFS.

A new searchable Times database shows what individuals from Cape Cod and elsewhere contributed money to the US Senate candidates here in Massachusetts.

A second bank was robbed in the Charlotte area on Monday morning. The Iredell County Sheriff's Office said the Bank Of America on North Main Street in Troutman was robbed by two men around 9:30 a.m. The armed men fled with $5100 in cash in a gray Buick Century that was reported stolen in Charlotte early Monday morning, police say.

The heads of Portugal's biggest banks Millenium BCP and Banco Espirito Santo, have called on European leaders to stop "playing with fire" and alarming depositors in Eurozone economies.

Enterprise Bank & Trust has acquired the operating assets of Gorman & Gorman Home Loans, a division of F&M Bank and Trust Co.

GE Capital Corp's board has approved a plan to pay $6.5 billion in dividends and a further $4.5 billion in special dividends to parent General Electric Co in 2013.

Kate Mann poses with her fourth-grade class at Lafayette Meadows Elementary. Mann was named the Teacher Honor Roll winner for the week.

Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc.

Following WrestleMania is always a daunting challenge, and this year's Extreme Rules seems particularly light by comparison.

In Harrisburg, Pennsylvania's cash-hungry capital city, local political battles are waged much as they are across the United States: with big personalities and bare-knuckled verbal brawls.

Nigel Wright has resigned as Prime Minister Stephen Harper's chief of staff, following revelations he wrote a $90,000 cheque to repay improperly claimed housing expenses for Senator Mike Duffy.

But because of about $28,000 in student loans, which she's paid down to about $17,000, the 2010 Xavier University graduate will continue living paycheck to paycheck.

's stock had its "buy" rating reiterated by equities research analysts at Societe Generale in a research note issued to investors on Monday, Analyst Ratings Network reports.

Edward Bogosian, 82, longtime owner of the Camera Shop of Bryn Mawr, died Saturday, May 11, of bone cancer at his home in Villanova.

No doubt WesBanco Arena Executive Director Dennis Magruder has heard an enormous number of ideas for improving the downtown Wheeling facility.

Just as the hottest TV hit "Scandal" ended its season, and the Obama administration deals with a trifecta of scandals , the Fairmont Washington , D.C. Hotel revealed its Scandal Package May 17.

The Ontario Securities Commission quashed a poison-pill takeover defence by Thirdcoast The Ontario Securities Commission quashed a poison-pill takeover defence by Thirdcoast A former BMO Nesbitt Burns Inc.

Transocean Ltd. shareholders voted in favor of one of billionaire investor Carl Icahn 's three board nominees, while rejecting his dividend plan in favor of a lower payout supported by the company.