Business News / Business

SEC hits conflict of interest at ratings agencies

WASHINGTON -- Moving to address one of the principal causes of the 2008 financial crisis, the Securities and Exchange Commission on Wednesday in a split decision passed new rules designed to limit conflicts of interest in credit-rating agencies.

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Turner Broadcasting cuts could grow to 1,500 jobs

Turner Broadcasting's job reductions could grow to as many 1,500 workers, a person with direct knowledge of the situation said Tuesday.

Word of broader job cuts comes as Turner executives confirmed plans this week to offer buyouts to 600 older ...

Medtronic pays $350 million for Italian firm

Medtronic is known primarily as a seller of medical devices, but a $350 million deal announced Wednesday shows the massive company wants to start treating patients directly.

The Minnesota-based company said it would acquire Italian firm NGC ...