- Siemens To Cut 1,000 Jobs In Germany
June 11 2013 9:03 AM
Energy and engineering giant Siemens intends to save 6 billion euros by 2014 and expand operations in South Korea.
- Wal-Mart's Dirty Laundry Aired At Shareholder Meeting
June 07 2013 4:45 PM
Wal-Mart gave the floor to four activist shareholders who addressed serious issues facing the giant retailer during an otherwise festive event.
- Air New Zealand Boosts Its Stake In Virgin Australia To 23%
June 07 2013 10:38 AM
The move will cost the carrier $35 million and strengthen its market share against Australia's Qantas Airways Ltd.
- May US Jobs Report - Tell-Tale Stat For The Economy?
June 06 2013 5:48 PM
If job creation is weak in May, it could reignite fears that the U.S. economy is headed into a fourth straight mid-year slowdown.
- California's Chic Housing Markets - Skewing Averages, Policy
June 06 2013 2:05 PM
A Trulia study found that home asking prices in California's busiest metros spiked by 20.7% in 2013, far above the national average of 9.5%.
- Reliance Industries Plans To Invest $26B In India Over 3 Years
June 06 2013 10:17 AM
Company chairman says investments will boost India's growth at a time when foreign investments into India are falling.
- US Jobless Claims Fall To 346K -- Close To 4-Week Average
June 06 2013 8:44 AM
The latest stat confirms a tapering of layoffs by employers -- historically a good sign for the U.S. economy.
- Airlines Doing Well In 2013: Industry Group
June 06 2013 5:42 AM
IATA's latest study shows that airlines' profits are up, thanks to lower-than-expected fuel prices and high passenger volume.
- Gabon Aims To Reclaim Control Of Its Oil-Rich Shore
June 05 2013 4:25 PM
Foreign investment term disputes have built up tensions between the country's government and big oil.
- May Non-Manufacturing Index Rose Slowest In Months
June 05 2013 12:45 PM
Although certain economic indicators show positive growth, the growth rate is much slower than analysts expected.
- US Companies, Workers Less Productive In Q1
June 05 2013 10:30 AM
U.S. workers and businesses weren't as productive in Q1 as originally thought, but hourly comp had its biggest decline since 1947.
- Chrysler Rejects US Regulator's Request To Recall 2.7M Jeeps
June 04 2013 2:53 PM
NHTSA says certain Jeep models have defective fuel systems and serious safety risks in rear-impact collisions.
- US New Car MPG Up 23% Since October 2007
June 04 2013 2:06 PM
The average miles per gallon that new U.S. cars get has risen steadily from just 20.1 miles in October 2007 to 24.8 miles in May 2013.
- IBM Buys World's Largest Private Cloud-Computing Company
June 04 2013 12:01 PM
More than 60 new gaming companies have moved to SoftLayer in the last two quarters.
- Coca-Cola To Open Bottling Plant In Myanmar
June 04 2013 11:51 AM
Coca-Cola is one of the first U.S. companies to be granted an investment permit under a new Foreign Investment Law.
- Volvo Revs Up Output Goal By Two Years
June 04 2013 9:15 AM
The China-owned automaker is building two plants in China to help meet its ambitious goal.
- Turkey's Violence Exposes Its Financial Markets' Vulnerability
June 04 2013 9:14 AM
Turkey's stock market has plunged amid the ongoing political/social unrest.
- Union Worker Killed At South Africa Mine, Fueling Tensions
June 03 2013 2:42 PM
The incident adds to tensions between rival unions at one of the country's largest platinum mines.
- South African Rand Falls Fastest Against US Dollar
May 31 2013 12:30 PM
The currency's new low, 10.13 rand per U.S. dollar, is part of a broader investor sell-off in 20 emerging market currencies.
- Former Citigroup Analyst: Wall Street Hasn't Changed How It Works In More Than 10 Years
May 31 2013 11:26 AM
Former Citigroup analyst Jack Grubman said on CNBC that nothing on Wall Street has changed, and bad research gets analysts nowhere.