Cerberus Capital Management LP’s $9 billion deal to merge Safeway Inc. with Albertsons is a bet that a larger supermarket chain can better fend off an attack on the grocery business by big-box stores and online retailers.
Bernard Winograd, a retired Prudential Financial Inc. executive who earlier helped devise the initial public offering for luxury-mall developer Taubman Centers Inc. in 1992, a milestone in the growth of real estate investment trusts, has died. He was 63.
New Jersey Governor Chris Christie challenged his fellow Republicans to put forward more policy positions to solve the nation’s ills as he courted a constituency crucial to a potential presidential bid.
Four Wyoming couples sued to overturn the state’s prohibition on same-sex marriage a day after former Wyoming Senator Alan Simpson and other Republican leaders asked a federal appeals court to throw out bans in Utah and Oklahoma.
The U.S. Senate blocked President Barack Obama’s nominee to be the government’s top civil rights enforcer after Republicans and law enforcement groups objected to his role in the case of a Black Panther activist convicted of killing a white Philadelphia police officer.
InsideClimateNews.org -- As federal regulators continue investigating why tank cars on three trains carrying North Dakota crude oil have exploded in the past eight months, energy experts say part of the problem might be that some producers are deliberately leaving too much propane in their product, making the oil riskier to transport by rail.
Credit Suisse Group AG, which runs Asia’s third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.