NEW YORK — For investors, it is what is known as an exogenous event — a sudden political or economic jolt that cannot be predicted or modeled but sends shockwaves rippling through global markets.
NEW YORK (Reuters) – AMB Property Corp has struck a deal to buy rival ProLogis for $5.7 billion in stock, combining the two largest U.S. owners of warehouse and distribution centers around the world in one of the biggest real-estate transactions since the financial crisis.
LOS ANGELES (Reuters) – Anthony Hopkins led the North American box office on Sunday with the exorcism thriller "The Rite," while newly minted Oscar nominees such as front-runner "The King's Speech" enjoyed a boost in business.
TOKYO (Reuters) – Mizuho Financial Group's October-December profit shrunk to less than half the previous quarter on smaller bond trading gains, underscoring the bleak outlook for growth at Japanese banks due to slack loan demand.
CHICAGO (Reuters) – A group of hedge funds led by Elliott Associates and Black Diamond Offshore Ltd appealed the dismissal of their $2 billion lawsuit against German automaker Porsche SE.
NEW YORK – When American sculptor and printmaker Elizabeth Catlett was a graduate student studying with Grant Wood in Iowa, the painter of the iconic "American Gothic" told his young student to make art about what she knew best.
ROME (AFP) – The Sex Pistols music blares out incongruously from Rome's stately Villa Medici, once home to powerful aristocracy and now the prestigious French Academy which is staging the first ever retrospective into Punk visual art.
DUBAI (AFP) – A cluster of 300 artificial islands off Dubai's coast in the shape of a global map is stable, its developer Nakheel insists, despite a court claim alleging that "The World" was neglected and eroding away.
LOS ANGELES (Hollywood Reporter) – A&E had the two most-watched original entertainment programs on cable Wednesday night in all key demos with the premiere of the 200th episode of the long-running series "Dog the Bounty Hunter" and a new episode of "Storage Wars."