Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said the Fed should do more to spur economic growth and hiring by pledging to hold the main interest rate near zero until unemployment falls to 5.5 percent.
Stratasys Ltd. offers Hewlett- Packard Co. and Seiko Epson Corp. the chance to move beyond paper-and-ink printers by acquiring a leader in the technology that’s used to replicate nuts, bolts and even football cleats.
Fujitsu Ltd., the Japanese maker of semiconductors, computers and communications equipment, is the top owner of patents related to 3-D printing, according to a study released by the U.K.’s Intellectual Property Office.
ValueVision Media Inc. activist shareholder Clinton Group Inc. added Ron Frasch, a former Saks Fifth Avenue president, as its sixth board nominee amid a mounting proxy fight to oust all but two directors.
Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.
A telephone call between a financial adviser in Beverly Hills and a trader in New York was all it took to fleece taxpayers on a water-and-sewer financing deal in West Virginia. The secret conversation was part of a conspiracy stretching across the U.S. by Wall Street banks in the $2.8 trillion municipal bond market.