Finance

RadioShack on Tuesday rejected lender Salus Capital’s claim that it breached covenants on a $250 million term loan. The electronic retailer said it plans to “vigorously contest” the allegations, calling them “wrong and self-serving.” “We will do everything we can to assure that these claims do not distract us from our ongoing efforts to rationalize …

China’s recent move to tighten control over Hong Kong’s political process could turn out to be a very costly move for Beijing. For more than a century, Hong Kong has enjoyed an outsized role in the global financial system, thanks to its freewheeling capital regulations, relatively high quality of life, rule of law and political independence from …

Wall Street’s bonuses could be in jeopardy. A plurality of respondents to a finance industry poll said they expect bonuses to either decline or be non-existent this year. Bloomberg reports that 27 percent of investors, analysts and traders surveyed in its Global Poll said they expect declining bonuses compared to last year, and 18 percent do not …