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June 19th, 2013
FedEx Corp (FDX.N) posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.
View Full ArticleJune 19th, 2013
Stock futures were little changed on Wednesday following two days of gains ahead of a highly anticipated Federal Reserve statement and news conference.
View Full ArticleJune 19th, 2013
The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its ...
View Full ArticleJune 19th, 2013
Vodafone (VOD.L) is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland (KD8Gn.DE) and is confident its raised all-cash offer and absence of antitrust ...
View Full ArticleJune 19th, 2013
Boeing (BA.N) has won an order for 30 of its 737 MAX 8 aircraft worth $3 billion at list prices from leasing firm CIT Group (CIT.N), the two companies said at the Paris Airshow on Wednesday.
View Full ArticleJune 18th, 2013
Stock futures edged higher on Tuesday, trading in a tight range ahead of the start of a highly anticipated Federal Reserve meeting.
View Full ArticleJune 18th, 2013
Royalty Pharma's hostile $8 billion bid for Irish drug firm Elan (ELN.I) lapsed on Tuesday when it withdrew an appeal against a ruling by Ireland's regulator on takeover battles.
View Full ArticleJune 18th, 2013
German lender Commerzbank will shed more than 5,000 jobs, 10 percent of its workforce, under a preliminary deal with staff representatives to cut costs, a person close to the company told Reuters ...
View Full ArticleJune 18th, 2013
The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilization mean interest rates are becoming a more effective tool again, ECB chief Mario ...
View Full ArticleJune 18th, 2013
Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC (HSBA.L) and a number of other banks.
View Full ArticleJune 17th, 2013
Big finance waded into a rain-soaked Paris Airshow with more than $10 billion in orders for jumbo passenger jets as planemakers dueled over strategy for large aircraft on Monday.
View Full ArticleJune 17th, 2013
Qatar Holding, the investment arm of the Gulf state's sovereign wealth fund, has sold its 10 percent stake in Porsche SE (PSHG_p.DE) to the luxury carmaker's family shareholders, four years after ...
View Full ArticleJune 14th, 2013
Producer prices rose more than expected in May as gasoline and food prices rebounded, but underlying inflation pressures remained muted, which could argue against an early scaling back of ...
View Full ArticleJune 14th, 2013
Wall Street was set to open little changed on Friday, though stocks looked likely to rack up a loss for the week, as investors were kept on their heels by uncertainty over how soon central banks ...
View Full ArticleJune 14th, 2013
Inflation in the euro zone rose from a three-year low in May, but remained low enough for the European Central Bank to act to boost an economy which is shedding jobs at an increasing rate.
View Full ArticleJune 13th, 2013
Riding a wave of demand for new airplanes, General Electric Co's (GE.N) aviation unit said it expects to produce 3,800 commercial aircraft engines with its partners next year, up from 3,600 ...
View Full ArticleJune 13th, 2013
Retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, suggesting the economy was squeezing out of a recent soft patch.
View Full ArticleJune 13th, 2013
World shares fell and the dollar slumped on Thursday as a sell-off on global financial markets accelerated on concerns over whether central banks will continue the stimulus they have come to rely on.
View Full ArticleJune 13th, 2013
The European Union has launched a complaint at the World Trade Organization to challenge China's imposition of anti-dumping duties on imports of stainless steel tubes, the EU said on Thursday, six ...
View Full ArticleJune 12th, 2013
Stock futures rose on Wednesday, pointing to a rebound for Wall Street after a selloff in the previous session, though gains may be tempered by investor wariness over how soon central banks will ...
View Full ArticleJune 12th, 2013
Industrial output from euro zone factories defied market expectations of a month-on-month decline and rose in April, data showed on Wednesday, but the pace of expansion was slowed by a drop in ...
View Full ArticleJune 12th, 2013
Cold weather in recession-weary Europe left spring collections on the racks of the world's biggest clothing retailers, Inditex and H&M, while small British rival ASOS beat the seasons with ...
View Full ArticleJune 12th, 2013
Vodafone said on Wednesday it had made an approach to buy Germany's biggest cable company Kabel Deutschland in what could be its largest deal since 2007 and mark a departure from its roots as a ...
View Full ArticleJune 12th, 2013
A deepening slump in exports is sending tremors through Asia, threatening to undermine some booming emerging economies that have surged ahead in recent years on a heady combination of easy credit, ...
View Full ArticleJune 12th, 2013
Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland (RBS.L), a senior Bank of England official said on Wednesday.
View Full ArticleJune 11th, 2013
Japanese mobile operator SoftBank Corp (9984.T) said it agreed with Sprint Nextel Corp (S.N) to raise its offer for the U.S. wireless carrier to $21.6 billion from $20.1 billion, as it fights off ...
View Full ArticleJune 11th, 2013
Fruit and fresh vegetable distributor Dole Food Co Inc (DOLE.N) received an unsolicited buyout offer from Chief Executive David Murdock valuing the company at just over $1 billion.
View Full ArticleJune 11th, 2013
Bank of Japan Governor Haruhiko Kuroda said the central bank will consider fresh steps to calm markets if borrowing costs spike again in the future, but the central bank held off on new measures ...
View Full ArticleJune 11th, 2013
When Walt Disney Co introduced its latest video game, Infinity, to the gaming faithful this week at the annual E3 gaming conference, it rented a Los Angeles movie theater to show 30-minute clips ...
View Full ArticleJune 10th, 2013
When the massive tsunami smacked into Fukushima Daiichi, the nuclear power plant was stacked high with more uranium than it was originally designed to hold and had repeatedly missed mandatory ...
View Full ArticleJune 10th, 2013
AstraZeneca (AZN.L) is to buy U.S. respiratory drug specialist Pearl Therapeutics for up to $1.15 billion as Britain's second biggest drugmaker steps up a drive to rebuild its product pipeline via ...
View Full ArticleJune 7th, 2013
Stock futures were little changed on Friday amid caution ahead of the closely watched nonfarm payrolls report, which is likely to provide clues on how soon the Federal Reserve will begin to ease ...
View Full ArticleJune 7th, 2013
Forest Laboratories Inc is trying to avert yet another bitter proxy battle with billionaire investor Carl Icahn ahead of its annual investor meeting this summer, according to two sources ...
View Full ArticleJune 7th, 2013
The most anticipated IPO since Facebook has attracted lawyers, bankers and potential investors, showering China's Alibaba with attention ahead of a stock offering that some say could exceed $15 ...
View Full ArticleJune 7th, 2013
Fiat (FIA.MI) Chief Executive Sergio Marchionne said on Friday the car maker does not need to take on any new debt to fund the purchase of the 41.5 percent stake in Chrsyler it does not already own.
View Full ArticleJune 7th, 2013
Japan's government showed little concern on Friday to a spike in the yen, but the calm response masks a lack of solid policy options should the recently floundering currency surge further.
View Full ArticleJune 6th, 2013
Stock futures advanced on Thursday, indicating stocks may rebound after two straight days of declines, ahead of data on the labor market.
View Full ArticleJune 6th, 2013
The Obama administration on Thursday acknowledged that it is collecting a massive amount of telephone records from at least one carrier, reopening the debate over privacy even as it defended the ...
View Full ArticleJune 6th, 2013
The number of Americans filing new claims for unemployment benefits fell last week, pointing to moderate job growth despite slowing economic activity.
View Full ArticleJune 6th, 2013
The European Central Bank kept its main interest rate on hold at a record low 0.5 percent on Thursday as it waits to see whether early signs of stabilization in the euro zone will blossom into an ...
View Full ArticleJune 6th, 2013
Bank of England Governor Mervyn King's final rate-setting meeting ended in a subdued fashion on Thursday with no change to policy despite the governor's calls for more stimulus.
View Full ArticleJune 6th, 2013
PepsiCo Inc (PEP.N) denied a published report that it was in talks to buy Israel's SodaStream International Ltd (SODA.O), whose machines make carbonated drinks from tap water.
View Full ArticleJune 5th, 2013
Stock index futures fell on Wednesday, ahead of a slew of economic reports which includes data on private sector jobs, amid lingering concerns that the Federal Reserve may slow the pace of its ...
View Full ArticleJune 5th, 2013
Facebook, which once seemed poised to take over the Internet, is showing its limitations: a host of newer services are gaining ground among trend-setting youth; a much-hyped smartphone app has ...
View Full ArticleJune 5th, 2013
Prime Minister Shinzo Abe pledged to raise incomes by 3 percent annually and set up special economic zones to attract foreign businesses in the third tranche of measures aimed at boosting growth ...
View Full ArticleJune 5th, 2013
Conditions are ripe for China to launch a long-awaited deposit insurance system after a consensus was reached within the government, according to the central bank's 2013 financial stability ...
View Full ArticleJune 5th, 2013
Fiat (FIA.MI) has launched the first part of a three-stage multibillion-euro financing package, seeking to refinance loans taken out by Fiat and Chrysler before the Italian group's looming ...
View Full ArticleJune 4th, 2013
Stock futures were little changed on Tuesday as the market paused from gains, but trading was expected to be volatile as several Federal Reserve speakers due to speak may provide clues on how long ...
View Full ArticleJune 4th, 2013
Trade deficit widened less than expected in April as the lowest petroleum bill in nearly 2-1/2 years tempered the rise in imports, while exports hit a four-month high.
View Full ArticleJune 4th, 2013
Web-based software maker Salesforce.com Inc said it would buy marketing software provider ExactTarget for $2.5 billion as it looks to build a marketing platform that will tap increasing use of ...
View Full ArticleJune 4th, 2013
The state of New York plans to sue HSBC Holdings Plc for ignoring a law designed to protect struggling homeowners from being thrown into foreclosure without getting a chance to renegotiate their ...
View Full ArticleJune 4th, 2013
Discount chain Dollar General Corp (DG.N) cut the top end of its full-year profit forecast, citing moderating sales growth and a lower gross profit rate, sending its shares down 5 percent in ...
View Full ArticleJune 4th, 2013
Splitting up part-nationalized Royal Bank of Scotland (RBS) (RBS.L) will be put forward as an option by lawmakers examining standards in British banking, political and industry sources said on ...
View Full ArticleJune 3rd, 2013
Stocks futures rose on Monday as investors awaited data on U.S. manufacturing and construction spending, shifting focus from disappointing data out of China that weighed on equity markets elsewhere.
View Full ArticleJune 3rd, 2013
A long-running fight comes to a head on Monday when court proceedings begin over an $8.5 billion settlement between Bank of America Corp and investors in mortgage securities that turned sour in ...
View Full ArticleJune 3rd, 2013
European regulators will clamp down on "pay-for-delay" deals in the pharmaceutical sector this month, fining Denmark's Lundbeck and eight other generic drug manufacturers for limiting access of ...
View Full ArticleJune 3rd, 2013
American Realty Capital Trust IV (ARCT) said it would buy a portfolio of retail properties from General Electric Co's (GE.N) financial arm for $1.45 billion as it looks to cut its dependence on ...
View Full ArticleJune 3rd, 2013
San Francisco Federal Reserve Bank President John Williams reiterated his view on Monday that an improving U.S. economy would allow the Federal Reserve to pare back its stimulatory bond buying, ...
View Full ArticleMay 31st, 2013
Stock index futures were lower on Friday as investors took profit following a recent rally, though they remained on track to close out a seventh straight month of gains.
View Full ArticleMay 31st, 2013
Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, underscoring just how severe a challenge EU leaders face to revive the ...
View Full ArticleMay 31st, 2013
Dell Inc urged shareholders on Friday to vote for the $24.4 billion buyout offer led by founder and Chief Executive Michael Dell at a special meeting on July 18, saying the bid was superior to ...
View Full ArticleMay 31st, 2013
Apple Inc hiked prices of iPads and iPods in Japan on Friday, becoming the latest and highest-profile brand to join a growing list of foreign firms asking Japanese consumers to pay more as a ...
View Full ArticleMay 30th, 2013
European countries plan to scale back a proposed financial transactions tax drastically, initially imposing a tiny charge on share deals only and taking much longer than originally intended to ...
View Full ArticleMay 30th, 2013
A drop in government spending dragged more on the economy than initially thought in the first three months of the year, a sign of increasing pain from Washington's austerity drive.
View Full ArticleMay 30th, 2013
Europe's top telecom regulator called for an end to mobile roaming fees and equal access to the Internet in a speech at the European Parliament on Thursday, as she sought backing for reforms to ...
View Full ArticleMay 30th, 2013
Royal Bank of Canada (RY.TO) said on Thursday that its quarterly profit rose 26 percent on stronger lending volumes and lower loan-loss provisions.
View Full ArticleMay 29th, 2013
Sprint Nextel Corp (S.N) and Japan's SoftBank Corp (9984.T) said on Wednesday they had entered into a national security agreement with U.S. authorities related to the Japanese company's pending ...
View Full ArticleMay 29th, 2013
The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by U.S. authorities into their role in helping wealthy Americans evade billions ...
View Full ArticleMay 29th, 2013
Apple Inc Chief Executive Tim Cook defended the company's record of innovation under his stewardship, saying he expected it would release "several more game changers" and hinting that wearable ...
View Full ArticleMay 29th, 2013
Student loan provider Sallie Mae Corp (SLM.O) said it would split the company into two publicly traded entities and named John Remondi as its chief executive officer.
View Full ArticleMay 28th, 2013
Tiffany & Co (TIF.N) on Tuesday reported higher-than-expected sales for the first quarter that included Valentine's Day, helped by gains in all regions and promotions around the jeweler's ...
View Full ArticleMay 28th, 2013
Volkswagen (VOWG_p.DE) granted its German factory workers an inflation-busting pay rise on Tuesday, the latest hefty wage hike in Germany as union demands meet support from politicians ...
View Full ArticleMay 24th, 2013
This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy - if investor confidence falters, the government and the Bank of ...
View Full ArticleMay 24th, 2013
Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and ...
View Full ArticleMay 24th, 2013
A group of accountancy professors is backing BP's (BP.L) fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill ...
View Full ArticleMay 24th, 2013
Three men were charged on Friday in a Hong Kong court with possessing false documents including a check for $460 million in connection with an investigation into the city's shuttered Hong Kong ...
View Full ArticleMay 23rd, 2013
Metals swap deals with Iran by Switzerland-based commodities giants Glencore Xstrata and Trafigura could have been a way of skirting international sanctions against Tehran over its nuclear ...
View Full ArticleMay 23rd, 2013
Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance.
View Full ArticleMay 23rd, 2013
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalled ...
View Full ArticleMay 22nd, 2013
European leaders will discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit on Wednesday, and cut the estimated 1 trillion euros a ...
View Full ArticleMay 22nd, 2013
Stock futures rose in thin trading on Wednesday, ahead of highly anticipated Congressional testimony by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy.
View Full ArticleMay 22nd, 2013
Target Corp (TGT.N) posted a 0.6 percent decline in first-quarter sales at U.S. stores open at least a year on Wednesday after warning investors one month ago that its results would be ...
View Full ArticleMay 22nd, 2013
Toll Brothers Inc (TOL.N) posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices, indicating that the housing recovery is spreading ...
View Full ArticleMay 22nd, 2013
Lowe's Cos Inc (LOW.N) reported a weaker-than-expected quarterly profit on Wednesday, hurt by colder-than-usual weather at the start of the spring selling season and strong competition from larger ...
View Full ArticleMay 22nd, 2013
The Bank of Japan vowed on Wednesday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardize the government's fight to end deflation and revive growth.
View Full ArticleMay 21st, 2013
Home Depot Inc (HD.N) reported higher-than-expected quarterly results and raised its sales and profit outlook for the year as the world's largest home improvement chain benefited from a ...
View Full ArticleMay 21st, 2013
The dollar firmed, gold fell and shares slipped off five-year highs on Tuesday as investors postioned for an update on the future of the U.S. Federal Reserve's stimulus programme.
View Full ArticleMay 20th, 2013
Generic drugmaker Actavis Inc, which has been the subject of takeover speculation, plans to buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock.
View Full ArticleMay 17th, 2013
The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say.
View Full ArticleMay 17th, 2013
European shares lifted off lows on Friday while the dollar held near a 10-month high against a basket of currencies as investors considered the prospect the Federal Reserve might begin easing off ...
View Full ArticleMay 17th, 2013
J.C. Penney Co Inc Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of ...
View Full ArticleMay 17th, 2013
Dell Inc, the subject of a takeover battle between activist investor Carl Icahn and the company's billionaire founder, reported a 79 percent slide in profit as personal computer sales continued to ...
View Full ArticleMay 17th, 2013
The latest tranche of Japan's growth strategy will aim to triple infrastructure exports and double farm exports by 2020, as well as boost private investment, Prime Minister Shinzo Abe said on Friday.
View Full ArticleMay 16th, 2013
Department store chain Kohl's Corp (KSS.N) reported a quarterly profit well ahead of analysts' expectations after cost cuts boosted margins, sending its shares up 7 percent in trading before the bell.
View Full ArticleMay 16th, 2013
Google Inc faced angry questions on Thursday from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year.
View Full ArticleMay 16th, 2013
Wal-Mart Stores Inc's (WMT.N) quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year.
View Full ArticleMay 16th, 2013
Dow and S&P 500 index futures turned lower on Thursday after U.S. weekly jobless claims unexpectedly rose in the latest week and housing starts fell sharply.
View Full ArticleMay 16th, 2013
Glencore Xstrata (GLEN.L) has appointed Tony Hayward as its interim chairman, a source with knowledge of the matter said, propelling the once "vilified" former BP chief executive into the ...
View Full ArticleMay 15th, 2013
Producer prices recorded their largest drop in three years in April as gasoline and food costs tumbled, pointing to weak inflation pressures that should give the Federal Reserve latitude to keep ...
View Full ArticleMay 15th, 2013
When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most ...
View Full ArticleMay 15th, 2013
Industrial production fell by more than expected in April, reflecting a broad decline in factory output and a weather-related decrease in demand for utilities.
View Full ArticleMay 15th, 2013
AT&T Inc expects much better results in its wireless business in the second quarter after a weak start to the year, Chief Executive Randall Stephenson said on Wednesday.
View Full ArticleMay 14th, 2013
Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output ...
View Full ArticleMay 14th, 2013
A gauge of confidence for small businesses rose in April to its highest in six months, a sign of resilience in an economy beset by Washington's austerity drive.
View Full ArticleMay 14th, 2013
Stock index futures edged lower on Tuesday as investors paused following a recent rally that repeatedly took the Dow and S&P 500 to record highs.
View Full ArticleMay 14th, 2013
Central bank intervention, the euro zone crisis and China's rise have expanded the list of data that moves markets, but surprises in measures such as PMIs and U.S. jobs numbers still pack the ...
View Full ArticleMay 14th, 2013
Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and ...
View Full ArticleMay 13th, 2013
China's factory output growth was surprisingly feeble in April and fixed-asset investment slowed, rekindling concerns that a nascent recovery is stalling and adding to pressure on policymakers to ...
View Full ArticleMay 13th, 2013
The special committee of Dell Inc's board on Monday asked Carl Icahn for details of his plans for the computer maker, including how he would finance his offer and who would run the company
View Full ArticleMay 11th, 2013
One of the credit card processing companies whose security was breached in a $45 million global cyber heist was India's ElectraCard Services, according to two people familiar with the situation.
View Full ArticleMay 11th, 2013
SoftBank Corp is playing it rough in its attempt to keep Dish Network Corp from breaking up its $20.1 billion deal to take control of Sprint Nextel Corp.
View Full ArticleMay 11th, 2013
Carl Icahn and Southeastern Asset Management Inc have mounted an aggressive challenge to Michael Dell's controversial $24.4 billion offer to take Dell Inc private, offering $21 billion in cash to ...
View Full ArticleMay 11th, 2013
Two ranking JPMorgan Chase & Co (JPM.N) directors issued a letter to shareholders on Friday arguing against recommendations by proxy advisory firms to split the duties of Chairman and CEO ...
View Full ArticleMay 10th, 2013
Stock index futures edged higher on Friday as the market's recent momentum returned, putting equities on track for a strong week that repeatedly took indexes to record highs
View Full ArticleMay 10th, 2013
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG (AIG.N) chief Hank Greenberg. Now, another big case - against Bank ...
View Full ArticleMay 10th, 2013
Clearwire Corp (CLWR.O) shareholders should vote in favor of a proposed acquisition by Sprint Nextel Corp (S.N), given a lack of better options to keep the company afloat, influential proxy ...
View Full ArticleMay 10th, 2013
Activist investor Carl Icahn and Southeastern Asset Management Inc, two of Dell Inc's biggest shareholders, have proposed an alternative to a buyout deal led by founder Michael Dell.
View Full ArticleMay 10th, 2013
POSCO's (005490.KS) planned $12 billion steel project in India moved a step forward on Friday after a court handed a decision on a mining license to the federal government, raising the South ...
View Full ArticleMay 9th, 2013
Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the futures brokerage they ran together for nearly 20 years, is starting over.
View Full ArticleMay 9th, 2013
China's annual consumer inflation accelerated more than expected in April while factory prices fell for a 14th consecutive month, highlighting the dilemma facing the central bank as it balances ...
View Full ArticleMay 9th, 2013
Fannie Mae (FNMA.OB), the biggest mortgage-finance company operating under government control, on Thursday said it would pay the U.S. Treasury Department $59.4 billion in dividends during the ...
View Full ArticleMay 9th, 2013
Dish Network Corp's first-quarter profit fell 40 percent, hurt by higher programming and subscriber-acquisition costs, and the U.S. satellite TV company added fewer subscribers than expected.
View Full ArticleMay 9th, 2013
The state’s top environmental and energy official on Wednesday said he’s “absolutely convinced” that the South Terminal in New Bedford will be the primary staging area for Cape Wind, despite the ...
View Full ArticleMay 8th, 2013
Stock index futures were little changed on Wednesday, as investors found little reason to push shares decisively one way or the other, following gains that took indexes to fresh highs a day earlier.
View Full ArticleMay 8th, 2013
With the inflation rate about half of the Federal Reserve's 2.0 percent target, the central bank is facing a major test and some experts wonder whether it will eventually need to ramp up its ...
View Full ArticleMay 8th, 2013
China's central bank signaled on Wednesday it was prepared to change its monetary strategy to fend off inflows of speculative capital, as Beijing struggles to control a tide of cash washing in ...
View Full ArticleMay 8th, 2013
Two of Europe's biggest telecom operators reported lower revenues on Wednesday, blaming the weak European economy and stiff regulation while seeing some bright spots in markets abroad.
View Full ArticleMay 8th, 2013
In a 16th century Swiss castle in March the boss of UBS challenged the head of its private bank to explain his plans for overhauling the business of managing the money of the rich.
View Full ArticleMay 8th, 2013
Standard Chartered Plc (STAN.L) said it could miss its revenue target for the year after an increase in bad debts and a flood of cheap money into Asia hit first-quarter earnings, sending its ...
View Full ArticleMay 7th, 2013
Stock index futures were flat on Tuesday as investors found little reason to keep pushing shares higher following a day on which the S&P 500 ended at yet another record high.
View Full ArticleMay 7th, 2013
Hhome prices rose in March, marking the biggest annual increase in seven years, in the latest sign of strength for the recovering housing market, a report from CoreLogic showed on Tuesday.
View Full ArticleMay 7th, 2013
Discovery Communications Inc (DISCA.O) posted higher revenue and profit in the first quarter as its cable television networks grabbed better U.S. and international ratings, and forecast annual ...
View Full ArticleMay 7th, 2013
Commerzbank (CBKGk.DE), Germany's No.2 lender, will have to work hard to entice investors to its 2.5 billion euro ($3.3 billion) share call this month after painting a bleak outlook for the rest ...
View Full ArticleMay 7th, 2013
SoftBank Corp's (9984.T) president said he will go to the United States on Tuesday to meet Sprint Nextel Corp's (S.N) major shareholders about the Japanese company's takeover bid, after rival ...
View Full ArticleMay 6th, 2013
Warren Buffett said on Monday the U.S. economy is gradually improving, helped by the efforts of Federal Reserve Chairman Ben Bernanke to stimulate it.
View Full ArticleMay 6th, 2013
Bond insurer Assured Guaranty Ltd (AGO.N) said it reached a settlement with UBS AG (UBSN.VX) in a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 ...
View Full ArticleMay 4th, 2013
European Union Internal Market Commissioner Michel Barnier, the EU's top financial regulator, called on the French government to pursue its planned reforms despite the Commission allowing two more ...
View Full ArticleMay 4th, 2013
With Friday's payrolls report serving as a springboard to lift Wall Street stock indexes to fresh all-time highs, investors are left to contemplate whether the gains will fizzle or if the upward ...
View Full ArticleMay 4th, 2013
Employment rose at a faster pace than expected in April and hiring was much stronger than previously thought in the prior two months, a sign of resilience that should help the economy absorb the ...
View Full ArticleMay 4th, 2013
Warren Buffett's Berkshire Hathaway Inc said quarterly profit rose nearly 51 percent on a solid performance in insurance and by many of its other businesses, as well as gains from ...
View Full ArticleMay 4th, 2013
Forecasts of a steady deterioration in profit at Merrill Lynch, Morgan Stanley (MS.N), Wells Fargo Advisors and UBS Wealth Management Americas are highly exaggerated, analysts at Sanford C. ...
View Full ArticleMay 4th, 2013
Credit Suisse Group AG (CSGN.VX) sued the former vice president of its emerging markets group on Friday, claiming she stole confidential documents and trade secrets to transfer business to her new ...
View Full ArticleMay 3rd, 2013
Exclusive: EU to propose duties on Chinese solar panels
View Full ArticleMay 3rd, 2013
Stock futures were little changed on Friday ahead of a closely watched jobs report which will provide a clearer picture of the state of the economy after weeks of disappointing data.
View Full ArticleMay 3rd, 2013
When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG (AIG.N) chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office's power.
View Full ArticleMay 3rd, 2013
Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month.
View Full ArticleMay 2nd, 2013
The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.
View Full ArticleMay 2nd, 2013
General Motors Co posted a stronger-than-expected quarterly profit on Thursday as its North American business was better and its loss in Europe was smaller than Wall Street estimated.
View Full ArticleMay 2nd, 2013
UBS faced a fresh call to separate its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management ...
View Full ArticleMay 1st, 2013
Chesapeake Energy Corp (CHK.N) reported a quarterly profit that topped Wall Street expectations on Wednesday, helped by lower production expenses and higher oil and natural gas prices.
View Full ArticleMay 1st, 2013
Time Warner Inc posted a higher first-quarter profit on Wednesday, as growth in its cable networks offset declines in the film, TV entertainment and publishing units.
View Full ArticleMay 1st, 2013
The Federal Reserve's debate over monetary policy could begin to shift away from the prospect of reducing stimulus toward a discussion about doing more, given the signs of economic weakness and ...
View Full ArticleMay 1st, 2013
Executives from Google Inc. and its auditor Ernst & Young will be called again to a British parliament committee to testify on tax, after a Reuters investigation highlighted inconsistencies in ...
View Full ArticleMay 1st, 2013
Merck & Co Inc reported lower than expected first quarter sales, as generic competition hurt demand for its Singulair asthma drug and the stronger dollar hit overseas sales of its medicines.
View Full ArticleApril 30th, 2013
From the moment he assumed the job in March, Bank of Japan Governor Haruhiko Kuroda had a number in mind: 9. The number had nothing to do with the scale of the bank's stimulus plan, which the ...
View Full ArticleApril 30th, 2013
Pfizer Inc reported lower-than-expected quarterly earnings and revenue, and the largest U.S. drugmaker trimmed its full-year profit outlook, sending its shares down 3 percent.
View Full ArticleApril 30th, 2013
Thomson Reuters Corp (TRI.TO) (TRI.N) on Tuesday reported a 7 percent decline in first-quarter operating profit because of severance costs and a decrease in revenue at its Financial & Risk ...
View Full ArticleApril 29th, 2013
World shares gained and the dollar fell on Monday as investors counted on easy money from the U.S. and euro zone central banks to offset the risk of further disappointing global economic data.
View Full ArticleApril 29th, 2013
Confidence in the euro zone's economy fell further in April, data showed, strengthening the case for a cut in interest rates this week by the European Central Bank.
View Full ArticleApril 29th, 2013
Verizon Communications Inc's chances of buying the 45-percent stake in Verizon Wireless owned by the UK's Vodafone Group Plc will hinge, at least in part, on the quality of tax advice it is getting
View Full ArticleApril 29th, 2013
Germany's Bayer AG (BAYGn.DE) has agreed to buy U.S. contraceptive devices maker Conceptus (CPTS.O) for $1.1 billion, aiming to underpin its position as the world's largest women's healthcare ...
View Full ArticleApril 27th, 2013
With signs of a slower economy mounting, the near-term outlook for U.S. stocks isn't rosy, but investors may find comfort next week from the world's major central banks.
View Full ArticleApril 27th, 2013
Six major Vodafone investors said $100 billion was not enough for the British company's stake in its U.S. joint venture with Verizon Communications, and urged the latter to come up with an offer ...
View Full ArticleApril 27th, 2013
The U.S. government on Friday announced its second civil fraud lawsuit against Novartis AG in four days, accusing a unit of the Swiss drugmaker of paying multimillion-dollar kickbacks to doctors ...
View Full ArticleApril 26th, 2013
Goodyear Tire & Rubber Co (GT.O) on Friday posted a stronger-than-expected quarterly profit as record results in North America and Asia offset weakness in Europe.
View Full ArticleApril 26th, 2013
D.R. Horton Inc (DHI.N), the No.1 U.S. homebuilder, reported a 173 percent jump in quarterly profit and said the spring selling season was off to a strong start, sending its shares up 6 percent ...
View Full ArticleApril 26th, 2013
Microsoft Corp came out on top in the first of two patent trials versus Google Inc's Motorola Mobility unit on Thursday, as a federal judge in Seattle ruled largely in its favor.
View Full ArticleApril 25th, 2013
Verizon Communications has hired advisers to prepare a possible $100 billion bid to take full control of Verizon Wireless from its partner Vodafone, two people familiar with the matter said.
View Full ArticleApril 25th, 2013
The number of Americans filing new claims for unemployment benefits fell last week by a surprisingly large 16,000, offering reassurance the bottom is not falling out of the labor market despite ...
View Full ArticleApril 25th, 2013
Exxon Mobil Corp said on Thursday its quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.
View Full ArticleApril 24th, 2013
Ford Motor Co posted a higher-than-expected first-quarter profit on Wednesday as its North American unit posted its best quarter in more than a decade on the strength of new models
View Full ArticleApril 24th, 2013
Boeing Co posted strong first-quarter results on Wednesday that handily beat analysts' estimates and showed little impact from the 787 Dreamliner crisis, sending its shares up 3.2 percent in ...
View Full ArticleApril 24th, 2013
Procter & Gamble Co (PG.N) on Wednesday forecast current-quarter profit below Wall Street expectations and year-ago levels, sending shares lower in early trading.
View Full ArticleApril 24th, 2013
The European Central Bank is closer to lowering interest rates than at any time since it last cut them in July 2012 and is likely to shave a quarter-point off at its policy meeting next week.
View Full ArticleApril 24th, 2013
Tim Cook wants investors to "think different" about Apple: less as a hyper-growth startup-like company and more as a mature but robust technology corporation with the world's most lucrative dividend.
View Full ArticleApril 23rd, 2013
Stock index futures edged higher on Tuesday as strong earnings improved sentiment, but weak data from China underlined concerns about global growth.
View Full ArticleApril 23rd, 2013
Chemicals maker DuPont's quarterly profit more than doubled as the worst dry spell in decades encouraged U.S. farmers to buy its drought-hardy seeds and crop-protection products to boost yields.
View Full ArticleApril 23rd, 2013
Lockheed Martin Corp, the Pentagon's biggest weapons supplier, reported a better-than-expected 14.8 percent increase in net income for the first quarter but warned annual revenues were likely to ...
View Full ArticleApril 23rd, 2013
Xerox Corp on Tuesday reported first-quarter earnings that beat expectations but said second-quarter profit would miss estimates as it restructures to become a broader technology company.
View Full ArticleApril 23rd, 2013
Companies stepped up borrowing in March to invest in new equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.
View Full ArticleApril 23rd, 2013
HSBC (HSBA.L) is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank.
View Full ArticleApril 22nd, 2013
Stock futures were higher on Monday, rebounding from stocks' worst week 2013, as the latest quarterly earnings included major companies ranging from Caterpillar Inc (CAT.N) to Halliburton Co ...
View Full ArticleApril 22nd, 2013
As the clock ticks down to the start of a U.S. healthcare overhaul, companies from device makers to hospital chains have been surprised to see Americans make even fewer trips to the doctor's office.
View Full ArticleApril 22nd, 2013
Lufthansa (LHAG.DE) was virtually grounded on Monday, Germany's largest airline cancelling nearly all of its flights because of a second strike in a month over workers' pay.
View Full ArticleApril 22nd, 2013
Swiss industrial group ABB (ABBN.VX) is to buy U.S. solar energy company Power-One Inc (PWER.O) for about $1 billion, betting that growth in emerging markets will revive a sector ravaged by ...
View Full ArticleApril 22nd, 2013
Irish drugmaker Elan (ELN.I) rejected a reduced $11.25 per share bid from Royalty Pharma ROYPH.UL, putting the ball back in the U.S. investment company's court in an increasingly convoluted ...
View Full ArticleApril 21st, 2013
EBay Inc Chief Executive John Donahoe began emailing millions of users of the company's online marketplace on Sunday in an unprecedented lobbying effort to change looming Federal sales tax ...
View Full ArticleApril 20th, 2013
Apple may have lost nearly half of its value since its peak in September, but it's still the talk of the town. Only this time, it's all about how low can it go?
View Full ArticleApril 20th, 2013
Japan won approval from participating countries to join talks on a U.S.-led Asia Pacific free trade agreement, central to Prime Minister Shinzo Abe's plans to open the economy to more competition ...
View Full ArticleApril 20th, 2013
U.S. regulators approved on Friday a revamped battery system for Boeing Co's 787 Dreamliner, a crucial step in returning the high-tech jet to service after it was grounded in January because its ...
View Full ArticleApril 20th, 2013
General Motors Co (GM.N) will add four new plants in the next three years in China to bring its production capacity to 5 million vehicles a year, the head of GM China said on Monday at the ...
View Full ArticleApril 20th, 2013
Finance leaders of the G20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national ...
View Full ArticleApril 19th, 2013
Honeywell International Inc (HON.N) reported a first-quarter profit above analysts' expectations and raised the lower end of its full-year earnings forecast as margins improved.
View Full ArticleApril 19th, 2013
Companies would race to profit from a free trade agreement (FTA) between the European Union and the United States, bringing a near instant boost to both economies, the head of the U.S. Chamber of ...
View Full ArticleApril 19th, 2013
Blackstone Group LP has ended its pursuit of Dell Inc, three people familiar with the matter said on Thursday, easing the way for founder Michael Dell and his private equity partner Silver Lake to ...
View Full ArticleApril 18th, 2013
Stock index futures advanced on Thursday, indicating the S&P 500 will rebound from a broad sell-off in the prior session ahead of data on the labor market and a fresh batch of corporate ...
View Full ArticleApril 18th, 2013
Morgan Stanley (MS.N) reported a first-quarter profit of $958 million, compared with a year-earlier loss of $119 million, driven by strong growth in its institutional securities business.
View Full ArticleApril 18th, 2013
Germany's lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny Mediterranean island nation and ...
View Full ArticleApril 18th, 2013
A big fall in sales of Nokia's basic phones overshadowed a stronger performance from its Lumia smartphones in the first quarter, and it said it expected operating margins to deteriorate, sending ...
View Full ArticleApril 17th, 2013
Bank of America Corp's first-quarter profit quadrupled as expenses fell and it set aside less money to cover bad loans.
View Full ArticleApril 17th, 2013
Britain's biggest retailer, Tesco, wrote down the value of its global operations by $3.5 billion and announced plans to exit the United States, as it sought to rebuild after a year in which profit ...
View Full ArticleApril 17th, 2013
BNY Mellon Corp (BK.N) on Wednesday said first-quarter revenue fell 1 percent as the world's largest custody bank reported a loss because of a high-stakes tax battle with the U.S. Internal Revenue ...
View Full ArticleApril 17th, 2013
Top executives from General Motors (GM.N) who sit on the board of loss-making European brand Opel are meeting on Wednesday to approve the first closure of a German car factory in decades.
View Full ArticleApril 16th, 2013
Stock index futures rose on Tuesday, indicating the S&P 500 may rebound from its worst decline since November as gold prices rebounded and ahead of a flurry of earnings reports.
View Full ArticleApril 16th, 2013
Johnson & Johnson reported better-than-expected first-quarter earnings, as growth of newer medicines for cancer, hepatitis C and blood clots offset declining sales of its treatments for ...
View Full ArticleApril 16th, 2013
Goldman Sachs Group Inc reported a 5.5 percent rise in quarterly profit as it earned more from investment banking.
View Full ArticleApril 16th, 2013
Glencore (GLEN.L) and Xstrata (XTA.L) cleared the final hurdle in their long-running merger plan on Tuesday, when China's Ministry of Commerce conditionally backed the $35 billion deal.
View Full ArticleApril 16th, 2013
Coca-Cola Co (KO.N) reported a lower quarterly profit on Tuesday and announced a deal to sell some territory held by its company-owned bottling system to five independent bottlers.
View Full ArticleApril 15th, 2013
Citigroup Inc reported a higher-than-expected 31 percent rise in first-quarter profit on Monday as revenue from its securities and investment banking business swelled.
View Full ArticleApril 15th, 2013
Genetic testing equipment maker Life Technologies Corp has agreed to a $13.6 billion cash buyout by Thermo Fisher Scientific Inc, in one of the year's biggest corporate takeovers.
View Full ArticleApril 15th, 2013
Dish Network Corp, the No. 2 U.S. satellite television provider, offered to buy Sprint Nextel Corp for $25.5 billion in cash and stock, a move that could thwart the proposed acquisition of Sprint ...
View Full ArticleApril 15th, 2013
The governor's proposed state budget plan will "devastate" Connecticut hospitals and cause layoffs and elimination of services, hospital advocates and legislators told a crowd of hundreds at the ...
View Full ArticleApril 12th, 2013
As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting ...
View Full ArticleApril 12th, 2013
A judge has rejected a proposed severance payment of nearly $20 million for Thomas Horton, the chief executive of American Airlines parent AMR Corp (AAMRQ.PK), saying the payout is not allowed ...
View Full ArticleApril 12th, 2013
Wells Fargo & Co (WFC.N) reported a higher-than-expected 23 percent rise in first-quarter profit on Friday as the bank set aside less money to cover bad loans and held down costs.
View Full ArticleApril 12th, 2013
Where's granny's passbook? That is how politicians here are framing a debate over whether Austria should roll back banking secrecy and share information on depositors with European partners and ...
View Full ArticleApril 11th, 2013
For the second year in a row, Goldman Sachs Group Inc fended off a shareholder proposal that could have led to a messy public vote to strip Chief Executive Lloyd Blankfein of his chairman's title.
View Full ArticleApril 11th, 2013
A top Federal Reserve official on Thursday took an early stab at how the central bank should reduce its swelled balance sheet to a more normal size in the years ahead, arguing the current plan may ...
View Full ArticleApril 10th, 2013
Growth is picking up in most industrialized countries, including in the euro zone, the OECD said on Wednesday, with the United States leading the way.
View Full ArticleApril 10th, 2013
Thermo Fisher Scientific Inc made a binding offer for Life Technologies Corp on Tuesday as private equity firms raced to finalize a consortium to take the genetic testing equipment maker private, ...
View Full ArticleApril 10th, 2013
The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase.
View Full ArticleApril 10th, 2013
Japanese billionaire Kazuo Okada and his companies are being investigated in the United States for potential violations of anti-bribery laws in relation to a $2 billion casino project in the ...
View Full ArticleApril 9th, 2013
The United Food and Commercial Workers Union Local 1459, representing more than 5,000 employees in the region, has announced its endorsement of Penn National Gaming’s proposed $807 million casino ...
View Full ArticleApril 9th, 2013
A parliamentary committee looking into who transferred money out of Cyprus before the island's banking system was locked down in March suspended its probe on Tuesday, complaining of not being ...
View Full ArticleApril 9th, 2013
A top Federal Reserve official downplayed the meager March jobs report, arguing he still expects unemployment to tick down to about 7 percent by year's end and suggesting the economy is not ...
View Full ArticleApril 9th, 2013
Companies including Microsoft and Nokia have stepped up pressure on EU antitrust regulators to take action against Google, accusing it of blocking competition in mobile telephony.
View Full ArticleApril 5th, 2013
Solid volume growth in its new range of compact cars helped propel sales of Daimler's (DAIGn.DE) Mercedes-Benz brand upwards to 139,920 vehicles, its single highest monthly tally ever.
View Full ArticleApril 5th, 2013
The U.S. trade gap narrowed unexpectedly in February as crude oil imports fell to their lowest level since March 1996 and overall exports increased slightly, a Commerce Department report on Friday ...
View Full ArticleApril 5th, 2013
Hewlett-Packard Co Chairman Ray Lane, who has come under fire from shareholders for his role in the acquisition of software company Autonomy Plc, has relinquished his post in the No.1 personal ...
View Full ArticleApril 5th, 2013
The mystery lender behind a Thai billionaire's $9.4 billion purchase of a stake in China's No.2 insurer was UBS, which offered the region's fourth largest bridge loan ever and a complex financing ...
View Full ArticleApril 5th, 2013
A "scarring" of the labor market calls for the Federal Reserve to continue buying bonds through this year, and even more aggressive policies may be warranted if unemployment remains persistently ...
View Full ArticleApril 5th, 2013
The European Central Bank will monitor euro zone inflation carefully over the next 18 months as it threatens to sink further below the ECB's 2 percent target, Executive Board member Benoit Coeure said
View Full ArticleApril 4th, 2013
The Bank of Japan unleashed the world's most intense burst of monetary stimulus on Thursday, promising to inject about $1.4 trillion into the economy in less than two years, a radical gamble that ...
View Full ArticleApril 4th, 2013
The European Central Bank expects a gradual economic recovery later this year but will monitor incoming data very closely and is ready to cut interest rates if necessary.
View Full ArticleApril 4th, 2013
The Bank of England decided not to pump fresh money into its stagnant economy on Thursday, despite a new remit that gives it more leeway to disregard above-target inflation.
View Full ArticleApril 4th, 2013
General Motors Co (GM.N) Chief Executive Dan Akerson said on Thursday the U.S. auto industry will see strong demand for the next four or five years as more drivers continue to replace their aging ...
View Full ArticleApril 3rd, 2013
Private employers added 158,000 jobs in March, the smallest gain in five months and falling short of economists' expectations, a report by a payrolls processor showed on Wednesday.
View Full ArticleApril 3rd, 2013
At the seven-story retail temple that is Louis Vuitton's flagship store in Paris, there are signs of a slowdown in spending by Asian tourists - the recent driving force in a European luxury ...
View Full ArticleApril 3rd, 2013
Forty-five years after its accidental discovery deep under the swamps of West Siberia, the race is now on to develop the world's largest shale oil resource, Russia's Bazhenov.
View Full ArticleApril 3rd, 2013
Shares in Vodafone (VOD.L) fell on Wednesday after Verizon Communications (VZ.N) ruled out a full takeover, turning the focus yet again to whether the two telecom giants can do a deal over their ...
View Full ArticleApril 2nd, 2013
Stocks edged higher at the open on Tuesday ahead of factory orders data, putting the S&P 500 within striking distance of its all-time intraday high.
View Full ArticleApril 2nd, 2013
Chrysler Group said its vehicle sales in March were the best since December 2007, and estimated the industry's annual sales rate last month was 15.6 million.
View Full ArticleApril 2nd, 2013
Cypriot Finance Minister Michael Sarris quit on Tuesday after concluding talks with foreign lenders on a bailout that forced the island to slap unprecedented losses on bank depositors in return ...
View Full ArticleApril 2nd, 2013
Mortgage finance giant Fannie Mae (FNMA.OB), helped by the U.S. housing market's continued recovery, posted an $17.2 billion annual profit for 2012 on Tuesday, its largest ever yearly gain and its ...
View Full ArticleApril 1st, 2013
Buoyed by solid finances, roaring exports and low unemployment, Germany increasingly sees itself as the only grown-up in Europe, responsible for bringing wayward children into line to hold the ...
View Full ArticleApril 1st, 2013
Stronger domestic demand helped China's factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from ...
View Full ArticleApril 1st, 2013
The Russian government will not aid businesses that have lost money in Cyprus, First Deputy Prime Minister Igor Shuvalov said, underscoring Moscow's resolve to clamp down on the flight of capital ...
View Full ArticleApril 1st, 2013
Auto parts maker Lear Corp (LEA.N) avoided a proxy battle with investors Marcato Capital Management LLC and Oskie Capital Management LLC by agreeing to increase and quicken the pace of its share ...
View Full ArticleApril 1st, 2013
MetroPCS Communications Inc urged shareholders to support its proposed merger with Deutsche Telekom AG unit T-Mobile USA Inc after two proxy advisory firms recommended that shareholders vote ...
View Full ArticleApril 1st, 2013
India's top court dismissed Swiss drugmaker Novartis AG's attempt to win patent protection for its cancer drug Glivec, a blow to Western pharmaceutical firms targeting India to drive sales and a ...
View Full ArticleMarch 29th, 2013
Japan's Sony Corp (6758.T) and Olympus Corp (7733.T) have again delayed the start of a joint venture to develop medical equipment because they have yet to gain approval from some regulators.
View Full ArticleMarch 29th, 2013
Consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline ...
View Full ArticleMarch 29th, 2013
Michael Steinberg, a portfolio manager at Steve Cohen's $15 billion SAC Capital Advisors, was arrested by the Federal Bureau of Investigation at his home in New York City early Friday morning in ...
View Full ArticleMarch 29th, 2013
A quarter of firms that are members of a leading U.S. business lobby in China have been victims of data theft, a report by the group said on Friday, amid growing vitriol between Beijing and ...
View Full ArticleMarch 28th, 2013
British oil group BP (BP.L) is pressing ahead with a $500 million-plus investment in the Shetland Islands, a shot in the arm for the government's efforts to revive the North Sea oil industry to ...
View Full ArticleMarch 28th, 2013
The euro hovered near a four-month low and safe-haven German government bonds rose on Thursday, as fears of a potential run on Cyprus's banks when they reopen later stoked investors' concerns.
View Full ArticleMarch 28th, 2013
Chesapeake Energy Corp's (CHK.N) search for a new chief executive to replace Aubrey McClendon is likely to extend beyond an April 1 deadline, according to a person familiar with the situation.
View Full ArticleMarch 28th, 2013
Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world.
View Full ArticleMarch 28th, 2013
BlackBerry announced an unexpected quarterly profit on demand for the new touchscreen device that holds the key to its successful turnaround, but revenue remained far below year-earlier levels.
View Full ArticleMarch 28th, 2013
The vacant 750,000-square-foot research site, known as Building 118, simply didn't draw enough interest from potential buyers, said Joan Campion, a Pfizer spokeswoman.
View Full ArticleMarch 27th, 2013
Cyprus is finalizing capital control measures on Wednesday to prevent a run on the banks by depositors anxious about their savings after the country agreed a painful rescue package with ...
View Full ArticleMarch 27th, 2013
Germany has become so dependent on Deutsche Bank to grease the wheels of its export driven economy that it looks willing to gloss over scandals involving its largest bank.
View Full ArticleMarch 26th, 2013
Goldman Sachs Group Inc (GS.N) and Berkshire Hathaway Inc (BRKa.N) have amended the warrants Berkshire holds as part of a lifeline it gave Goldman during the financial crisis, a change that ...
View Full ArticleMarch 26th, 2013
A Spanish association representing open-source software users has filed a complaint against Microsoft Corp to the European Commission, in a new challenge to the Windows developer following a hefty ...
View Full ArticleMarch 26th, 2013
UBS AG has filed an application to the Singapore High Court asking that two cases be sealed involving traders fired as part of the bank's investigation into reference rate manipulation.
View Full ArticleMarch 26th, 2013
Demand for long-lasting manufactured goods surged in February, suggesting factory activity continued to expand at a moderate pace, even though a gauge of planned business spending slipped after ...
View Full ArticleMarch 26th, 2013
Single-family home prices rose in January, starting the year with the biggest annual increase in six-and-a-half years in a fresh sign the housing market recovery remains on track, a closely ...
View Full ArticleMarch 25th, 2013
Dutch package delivery firm TNT Express (TNTE.AS) said on Monday it will cut 4,000 jobs and focus on Europe after a failed $7 billion takeover by United Parcel Service (UPS.N).
View Full ArticleMarch 25th, 2013
Dell Inc said it received alternative proposals from Blackstone Group LP and Carl Icahn that could be superior to the $24.4 billion offer from founder Michael Dell and private equity fund ...
View Full ArticleMarch 23rd, 2013
Stocks could break through to all-time closing highs next week - provided a resolution to the fiscal woes of Cyprus satisfies investors.
View Full ArticleMarch 23rd, 2013
The Federal Reserve is pushing banks to ignore competitors' performance when awarding bonuses, and focus squarely on their own profitability, according to pay consultants and other people familiar ...
View Full ArticleMarch 22nd, 2013
Stock futures edged up on Friday, erasing earlier losses, after Cyprus agreed with Greece on a takeover of the Greek units of Cypriot banks, which ended uncertainty over the fate of those operations.
View Full ArticleMarch 22nd, 2013
British oil company BP (BP.L) announced on Friday an $8 billion share buy-back program, acting swiftly on its promise to reward investors after it sold its stake in its Russian unit, TNK-BP (TNBP.MM).
View Full ArticleMarch 22nd, 2013
Technology giants Apple, Google and Amazon are furiously maneuvering for position in the online music business and looking at ways to make streaming profitable, despite the fact that pioneer ...
View Full ArticleMarch 22nd, 2013
Credit Suisse (CSGN.VX) upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay in a year when the ...
View Full ArticleMarch 22nd, 2013
China's economy should expand by 8.5 percent in 2013 and more in 2014, with inflation and export demand the biggest near term risks to growth that should average 8 percent in this decade at ...
View Full ArticleMarch 21st, 2013
The chief executive of European aerospace firm EADS (EAD.PA), Tom Enders, predicted more defense industry consolidation on Thursday as he painted a gloomy picture of the outlook for the European ...
View Full ArticleMarch 21st, 2013
Euro zone finance officials acknowledged being "in a mess" over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse ...
View Full ArticleMarch 21st, 2013
Lufthansa (LHAG.DE) canceled close to 40 percent of its flights on Thursday as staff went on strike on the eve of wage talks with the German airline, which is trying to cut costs to compete with ...
View Full ArticleMarch 21st, 2013
Standard Chartered (STAN.L) Chairman John Peace apologized on Thursday for inaccurate comments he made earlier this month about his bank breaching U.S. sanctions over Iran.
View Full ArticleMarch 21st, 2013
No matter how tough Brazil's central bank talks about inflation, bond investors are not buying it.
View Full ArticleMarch 20th, 2013
Stock index futures rose on Wednesday as the focus shifted from concerns about Cyprus's financial health to the statement from the Federal Reserve's policy committee and news conference by ...
View Full ArticleMarch 20th, 2013
Some banks have been buying longer-term bonds to boost profits in a low-interest rate environment, sparking fears their profits will be squeezed when the Federal Reserve eventually starts to hike ...
View Full ArticleMarch 20th, 2013
Cyprus pleaded for a new loan from Russia on Wednesday to avert a financial meltdown, but won no immediate relief after the island's parliament rejected the terms of a European bailout, raising ...
View Full ArticleMarch 20th, 2013
FedEx Corp reported a worse-than-expected quarterly profit due to weakness in its air express business, and said it would step up its cost-cutting program as customers shift to cheaper forms of ...
View Full ArticleMarch 20th, 2013
General Motors Co is recalling about 33,700 model-year 2013 Buick LaCrosse sedans and Cadillac SRX crossover vehicles globally to address a potential software problem that could increase the risk ...
View Full ArticleMarch 19th, 2013
Samsung Electronics Co is developing a wearable digital device similar to a wristwatch, a source with direct knowledge of the matter said, joining rival Apple Inc in creating new products as ...
View Full ArticleMarch 19th, 2013
Cyprus's government proposed on Tuesday to spare small savers from a divisive levy on bank deposits but said it expects parliament to reject the measure, needed to secure an international bailout ...
View Full ArticleMarch 19th, 2013
Groundbreaking to build homes rose in February and new permits for construction climbed to the highest level since 2008, a sign the nation's housing market recovery is gathering steam.
View Full ArticleMarch 18th, 2013
The continent's social shock-absorbers are creaking under the strain of a prolonged economic crisis that began in 2008 and engulfed the euro zone in a sovereign debt crisis from 2010.
View Full ArticleMarch 18th, 2013
Cypriot ministers rushed on Monday to revise a plan to seize money from bank deposits as part of an EU bailout, in an effort to ensure lawmakers supported it in a vote later in the day.
View Full ArticleMarch 15th, 2013
Goldman Sachs Group Inc (GS.N) has appointed Steven Barg to a newly created role in New York, moving the veteran Asia equity capital markets banker to the firm's headquarters less than six months ...
View Full ArticleMarch 15th, 2013
German engineer Siemens (SIEGn.DE) will not be able to spin off its lighting division in April, the earliest date for the planned listing, because of legal action by a handful of investors ...
View Full ArticleMarch 15th, 2013
Prime Minister Shinzo Abe announced on Friday that Tokyo will seek to join talks on a U.S.-led Pacific free trade pact which proponents say will help tap vibrant regional growth, ...
View Full ArticleMarch 14th, 2013
The number of Americans filing new claims for unemployment benefits unexpectedly fell week, the latest indication the labor market recovery was gaining traction.
View Full ArticleMarch 14th, 2013
ENN Group Co Ltd, one of China's largest private companies, is quietly rolling out plans to establish a network of natural gas fueling stations for trucks along U.S. highways.
View Full ArticleMarch 14th, 2013
The number of Americans filing new claims for unemployment benefits unexpectedly fell week, the latest indication the labor market recovery was gaining traction.
View Full ArticleMarch 14th, 2013
The former chief executive of Magellan Health Services Inc., Dr. René Lerer, is receiving a $4.2 million cash award for his performance, according to a company filing March 5 with the U.S. ...
View Full ArticleMarch 14th, 2013
The State Bond Commission approved borrowing to pay for the subsidies. So far, 415 companies have received the subsidies, and have hired 1,300 workers. To qualify, companies must be headquartered ...
View Full ArticleMarch 13th, 2013
High-profile former federal prosecutor Andrew Stolper said Tuesday he had teamed up with an ex-FBI agent to form a private equity firm specializing in litigation finance, a growing business ...
View Full ArticleMarch 13th, 2013
Carlyle Group LP will now allow people to invest as little as $50,000 in its new buyout fund, a regulatory filing showed, as private equity firms look to widen their customer base in search ...
View Full ArticleMarch 13th, 2013
UBS (UBSN.VX) doesn't plan to sell its U.S.-based wealth management arm, the former Paine Webber brokerage, Chief Executive Sergio Ermotti said on Wednesday.
View Full ArticleMarch 13th, 2013
It makes no sense to speculate about the possibility of countries leaving the euro zone, European Central Bank policymaker Jens Weidmann said on Wednesday.
View Full ArticleMarch 13th, 2013
The U.S. government is investigating top global miner BHP Billiton Ltd for possible corrupt practices, the company confirmed, after media reports said it was being probed for its sponsorship of ...
View Full ArticleMarch 13th, 2013
One of the 13 proposals for relocating the University of Connecticut’s West Hartford campus to downtown Hartford is targeting a corner of Main Street next to the G. Fox building.
View Full ArticleMarch 13th, 2013
Carla’s Pasta has 147 employees, 115 in Connecticut, and the company is in the process of hiring 98 workers as it builds a 27,000-square-foot addition to its factory and buys packaging and ...
View Full ArticleMarch 13th, 2013
Connecticut ranks sixth in a list of states to benefit if federal regulators integrate unmanned aircraft — or drones — into the country's domestic airspace system, the industry's main lobbying ...
View Full ArticleMarch 12th, 2013
Two groups of American International Group Inc (AIG.N) shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive ...
View Full ArticleMarch 12th, 2013
Confidence among small businesses rose in February as owners shrugged off a tightening in fiscal policy and raised plans to increase capital spending and restock their warehouses.
View Full ArticleMarch 12th, 2013
The Securities and Exchange Commission is experimenting with punishments that more closely fit the wrongdoing at issue in a bid to give its enforcement cases more bite.
View Full ArticleMarch 11th, 2013
An investors group says the insurance industry needs to better prepare for coming shifts in the earth's climate.
View Full ArticleMarch 8th, 2013
Bank of America Corp (BAC.N) will seek more lending and cash management business with companies in Asia and elsewhere outside its U.S. home turf, Chief Executive Brian Moynihan said, an area ripe ...
View Full ArticleMarch 8th, 2013
Record high stocks? Currency surges? In the United States maybe, but across emerging markets, slowing economies and collapsing exports are hammering company profits far harder than in the ...
View Full ArticleMarch 8th, 2013
McDonald's Corp (MCD.N) said on Friday that February sales at established its hamburger restaurants around the world fell 1.5 percent amid stiff competition for customers who are spending ...
View Full ArticleMarch 8th, 2013
Stock index futures rose on Friday, with the S&P 500 on track to rise for a sixth straight session and the Dow set to scale fresh peaks after positive export data from China and ...
View Full ArticleMarch 8th, 2013
Job growth likely advanced at a moderate pace in February, which would suggest the economy has enough momentum to withstand the blow from higher taxes and deep government spending cuts
View Full ArticleMarch 7th, 2013
Intel's next CEO is likely to shepherd the top chipmaker into a growing contract-manufacturing business, a strategic shift that could lead to a deal with Apple Inc and give it a fighting chance to ...
View Full ArticleMarch 7th, 2013
Dell Inc said shareholder Carl Icahn has urged the company to pursue a leveraged recapitalization and pay a $9 per share dividend instead of going private.
View Full ArticleMarch 7th, 2013
The head of Pratt & Whitney's military engine business said on Wednesday that driving down the cost of the F-35 fighter jet was "burned on our brains," but said cuts sparked by U.S. budget ...
View Full ArticleMarch 6th, 2013
Private employers added 198,000 jobs in February, the biggest increase in a year and another sign of improvement in the labor market, a report by a payrolls processor showed on Wednesday.
View Full ArticleMarch 6th, 2013
A special committee of Dell Inc's (DELL.O) board of directors said on Wednesday after a months-long evaluation that the best alternative for shareholders would be a sale of the PC maker.
View Full ArticleMarch 6th, 2013
The European Union fined Microsoft Corp 561 million euros on Wednesday for failing to offer consumers a choice of web browser, a charge that will act as a warning to other technology firms ...
View Full ArticleMarch 6th, 2013
Stock index futures extended gains after data showed private employers added 198,000 jobs in February, the biggest increase in a year.
View Full ArticleMarch 6th, 2013
Just about any big run-up of the stock markets is irrational at some point, but Tuesday's record celebration has to be the biggest head-scratcher since the bull market of 2000, for anyone not ...
View Full ArticleMarch 5th, 2013
Qualcomm Inc, the world's leading supplier of chips for cellphones, said it was raising its quarterly cash dividend by 40 percent and introduced a new $5 billion stock repurchase program, sending ...
View Full ArticleMarch 5th, 2013
Spain's Bankinter has joined forces with U.S. investment fund Apollo Global Management to bid for Italian insurer Generali's Swiss private bank BSI in a deal worth up to 2 billion euros ($2.6 ...
View Full ArticleMarch 5th, 2013
Standard Chartered (STAN.L) (2888.HK) notched up a tenth successive rise in annual profit with a 1 percent gain that was capped by the bank's big fine for breaking U.S. sanctions ...
View Full ArticleMarch 5th, 2013
Ferrari is going to sell its new LaFerrari supercar model for 1 million euros ($1.30 million), Chairman Luca Cordero di Montezemolo said on Tuesday.
View Full ArticleMarch 5th, 2013
A New Jersey bankruptcy judge ruled that HealthBridge Management can temporarily reduce the benefits of its 600 union workers at nursing homes in Connecticut while it attempts to ...
View Full ArticleMarch 5th, 2013
A Newington aerospace supplier has secured $9.7 million in loans that will help the company complete construction on a new plant in New Britain.
View Full ArticleMarch 4th, 2013
A sound plan is needed to reduce the budget deficit over the next 10 years, but wholesale government spending cuts should not be the core of the program, according to a new survey of economists.
View Full ArticleMarch 4th, 2013
Janet Yellen, the Federal Reserve's influential vice chair, said on Monday the central bank's aggressive monetary stimulus is warranted given how far below its full potential the economy is operating.
View Full ArticleMarch 4th, 2013
The Japan government's nominee to be the next central bank governor outlined more forceful policy prescriptions on Monday to finally defeat deflation, saying he would not set any limits ...
View Full ArticleMarch 4th, 2013
Chinese e-commerce giant Alibaba Group is back in the loan market with an eye on a jumbo financing of up to $8 billion to refinance existing debts, barely a year after borrowing $4 billion in ...
View Full ArticleMarch 4th, 2013
U.S. stock index futures slipped on Monday as worries about the prospects for global economic growth prompted investors to take a step back from equities that are within reach of record ...
View Full ArticleMarch 4th, 2013
HSBC is to increase dividend payouts this year, a sign that Europe's largest bank has regained its financial strength even though full-year profits fell more than expected.
View Full ArticleMarch 2nd, 2013
Turkish Airlines is still in negotiations for an order for over 100 aircraft, a spokesman said, after a German report that a deal with Airbus (EAD.PA) had not come off during a trip by German ...
View Full ArticleMarch 2nd, 2013
Eight years ago, U.S. regulators substantially increased their dependence on the aircraft industry to help keep flying safe.
View Full ArticleMarch 2nd, 2013
If Wall Street needs to climb a wall of worry, it will have plenty of opportunity next week.
View Full ArticleMarch 1st, 2013
Chrysler Group LLC said Friday its U.S. sales of 139,015 in February rose 4 percent from 133,521 a year before and were its best February sales in five years.
View Full ArticleMarch 1st, 2013
Best Buy Co (BBY.N) and founder Richard Schulze have ended their talks after Schulze and private equity investors sought three board seats in exchange for taking a minority stake in the company, a ...
View Full ArticleMarch 1st, 2013
Stock index futures were lower on Friday, indicating a weak start to the month of March, as investors looked ahead to U.S. government budget cuts that were widely expected to take effect ...
View Full ArticleFebruary 28th, 2013
China's cabinet may soon approve an aircraft engine development program that will require investment of at least 100 billion yuan ($16 billion), state-run Xinhua news agency quoted ...
View Full ArticleFebruary 28th, 2013
Royal Bank of Scotland (RBS.L) has reported its strongest underlying profit since the financial crisis, potentially paving the way for Britain to sell its 82 percent stake if some big hurdles ...
View Full ArticleFebruary 28th, 2013
Rescued Spanish lender Bankia (BKIA.MC) reported tentative signs of recovery on Thursday, even as huge writedowns on bad property assets led it to post the country's biggest ever corporate loss of ...
View Full ArticleFebruary 28th, 2013
U.S. stock index futures edged higher on Thursday as investors were reluctant to make big bets following a sharp two-day rally and ahead of a rash of data
View Full ArticleFebruary 27th, 2013
Target Corp posted lower quarterly profit on Wednesday, as sales of food and value-priced items only partially mitigated some weakness it saw when holiday shoppers held back from discretionary ...
View Full ArticleFebruary 27th, 2013
JPMorgan Chase & Co (JPM.N) said that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6 percent of the company's overall workforce, as the bank sheds staff that ...
View Full ArticleFebruary 27th, 2013
The European parliament and EU states could agree on Wednesday to impose caps on bankers' bonuses, a measure that would channel public fury at financial sector greed, but which opponents say ...
View Full ArticleFebruary 27th, 2013
The Pentagon program chief for the F-35 warplane slammed its commercial partners Lockheed Martin (LMT.N) and Pratt & Whitney on Wednesday, accusing them of trying to "squeeze every nickel" out ...
View Full ArticleFebruary 27th, 2013
Stock index futures were little changed on Wednesday as investors awaited a second round of testimony in Congress by Federal Reserve Chairman Ben Bernanke for signs of whether the Fed ...
View Full ArticleFebruary 26th, 2013
Google will do battle with Spain's data protection authority in Europe's highest court on Tuesday in a landmark case with global implications which poses one of the thorniest questions ...
View Full ArticleFebruary 26th, 2013
New York State's top financial officer will release estimates of Wall Street 2012 cash bonuses on Tuesday as public scrutiny of bankers' pay continues unabated.
View Full ArticleFebruary 26th, 2013
Electronics retailer RadioShack Corp(RSH.N) reported lower fourth-quarter sales and said it may have to close stores or sell assets to improve liquidity if business does not pick up by 2014, ...
View Full ArticleFebruary 26th, 2013
Regulatory action may be needed to end variations in the ways banks add up the risks on their books to determine how big their capital buffers should be, the European Banking Authority said.
View Full ArticleFebruary 26th, 2013
Federal Reserve Chairman Ben Bernanke faces the first of two days of congressional testimony that will subject the Fed's controversial bond-buying program to tough scrutiny and gauge his ...
View Full ArticleFebruary 26th, 2013
U.S. stock index futures rose on Tuesday, indicating equities would partially rebound from a steep drop over Italian election results as investors saw opportunities to buy beaten-down ...
View Full ArticleFebruary 26th, 2013
Dakota Partners of Waltham, Mass. is proposing an estimated $14.7 million conversion of office space on the upper floors of 179 Allyn St. into 63, one-bedroom units, state and city officials ...
View Full ArticleFebruary 26th, 2013
Five Connecticut nursing homes which are run by HealthBridge Management have filed for bankruptcy protection.
View Full ArticleFebruary 26th, 2013
Kaman Corp. reported higher earnings for the fourth quarter and the whole year from increased sales in both its aerospace and its distribution divisions.
View Full ArticleFebruary 26th, 2013
For a decade, companies of all sizes embraced the idea that allowing employees to work from home would make for more happy, productive workers and, at the same time, save companies money on the ...
View Full ArticleFebruary 25th, 2013
Lowe's Cos Inc's (LOW.N) quarterly results beat analysts' estimates on Monday as sales benefited from rebuilding after Hurricane Sandy and the retailer's own efforts to improve product selection ...
View Full ArticleFebruary 25th, 2013
China Petroleum & Chemical Corp (Sinopec) (600028.SS) will buy half of Chesapeake Energy Corp's (CHK.N) Mississippi Lime oil and gas properties in Oklahoma for $1.02 billion to ...
View Full ArticleFebruary 25th, 2013
The new chief executive of British education and media group Pearson said the Financial Times (FT) is not for sale, refuting repeated media speculation about the newspaper's future at the ...
View Full ArticleFebruary 25th, 2013
Nearly three years after a deepwater well rupture killed 11 men, sank a rig and spewed 4 million barrels of oil into the Gulf of Mexico, BP and the other companies involved are about to face their ...
View Full ArticleFebruary 25th, 2013
U.S. stock index futures pointed to a higher open on Monday, suggesting the equity rally was intact despite concerns that the Federal Reserve could curtail its stimulus for the economy ...
View Full ArticleFebruary 24th, 2013
Asian Development Bank chief Haruhiko Kuroda is leading the race to become the new governor of Japan's central bank, according to media reports on Sunday, as Prime Minister Shinzo Abe nears a ...
View Full ArticleFebruary 24th, 2013
Britain's finance minister insisted on Saturday he would not change course after the loss of the country's 'AAA' credit rating but George Osborne is facing pressure to do just that as ...
View Full ArticleFebruary 22nd, 2013
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year and blaming a lack of bank lending ...
View Full ArticleFebruary 22nd, 2013
United Continental Holdings (UAL.N) said on Thursday it was taking Boeing Co's (BA.N) grounded 787 Dreamliner out of its flying plans through June 5, except for a Denver-to-Tokyo route scheduled ...
View Full ArticleFebruary 22nd, 2013
Stock index futures rose on Friday, indicating the S&P 500 may halt a two-day losing skid, boosted by positive economic data from Europe and better-than-expected earnings from ...
View Full ArticleJuly 31st, 2012
(Reuters) - Pfizer Inc reported higher-than-expected quarterly earnings, helped by cuts in research spending and other costs, and affirmed its 2012 profit forecast despite the negative impact ...
View Full ArticleJuly 31st, 2012
NEW YORK (Reuters) - Stock index futures edged higher on Tuesday as the Federal Reserve was set to begin a two-day policy meeting at which the central bank is largely expected to unveil new ...
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