Martin Sullivan, the former CEO of AIG, has been hired by Willis Group to be its deputy chairman and to build a new global unit. Read More →

Goldman Sachs agreed to a fine of nearly $31 million as part of an investigation by the Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud. Read More →

GlaxoSmithKline chose Simon Dingemans, a Goldman Sachs M&A specialist, to be its next chief financial officer.  Read More →

The U.S. economy hit a soft patch in the second half of July and through August as the housing sector continued to suffer after the expiration of a tax credit, the Fed said.  Read More →

Lockheed Martin said more than 600 executives, or one-fourth of the eligible total, applied to accept financial incentives to leave the company.  Read More →

Canada's Anatolia Minerals Development Ltd. and Australia's Avoca Resources Ltd. have agreed to merger in a deal that will create a gold company with a market value of some $2 billion. Read More →

Dana Petroleum said that a hostile $2.87 billion bid by Korea National Oil Corp. significantly undervalues the company.  Read More →

Airgas rejected the latest takeover offer from Air Products & Chemicals, saying the $5.48 billion bid continues to undervalue the company. Read More →

Smithfield Foods returned to the black in the latest quarter from a year-earlier loss and said it will likely sell its 49% stake in Butterball. Read More →

As food and consumer-goods companies face problems obtaining the key ingredient palm oil without damaging the environment, Unilever is betting on a promising low-life alternative: algae.  Read More →