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Hedge fund Washington Real Estate Holdings LLC has purchased Citigroup Inc.’s equity control of the St. Regis Monarch Beach, the 400-room luxury resort made infamous by bailed-out insurer American International Group Inc.’s aborted plans to host a sales conference there in 2008.

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A banker who lost his post as chairman of American Express Bank International, won’t get his day An ousted prominent banker in Miami has lost a fraud and defamation lawsuit against his former employer, American Express, but has won the right to pursue a constitutional claim against another behemoth — the U.S. Department of Justice.

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Indian infrastructure major Punj Lloyd (BSE:532693) on Sunday said it will start work on its US$100 million (Rs 450 crore) project to manufacture defence equipment in Madhya Pradesh this fiscal year.

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Indian education solutions provider Educomp Solutions (BSE:532696) is planning to hire up to 2,500 people across all its business verticals in the current fiscal year.

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The rally on selected issues pulled up the Philippine market on Wednesday — the third time in this week.

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With summer driving season upon us, it’s important to note that there’s a traditional jump in gas prices. But will this seasonal adjustment benefit commodities, specifically oil and make the price of gasoline even higher

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WASHINGTON — President Obama said Monday that he was revamping American nuclear strategy to substantially narrow the conditions under which the United States would use nuclear weapons.

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Greece’s government, concerned that the IMF would impose tough conditions in exchange for aid, wants to amend a deal struck at an EU summit last month to bypass an IMF financial contribution, senior government sources in Athens told Market News International.

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The guidance numbers from last earnings season were very positive.  The spread between the number of companies raising guidance versus lowering guidance came in at one of the highest levels in more than a decade.  When guidance is strong in any given earnings season, it means expectations for the following earnings season will be high.  Below we highlight the guidance breakdown from last earnings season by sector

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