Brent crude futures turned positive while U.S. oil extended gains on Thursday after news that OPEC had agreed to keep its collective oil output ceiling unchanged for the second half of the year at 30 million barrels per day, according to a delegate to the conference.
Fear of an impending fiscal cliff and uncertainty about November's presidential elections has led to a 0.8 percent projected dampening of marketing spending in 2012, according to a Thursday report from Pivotal Research Group.
Moody's Investor Service's downgrade of Spain's sovereign debt sent the nation's borrowing costs sky high on Thursday. But as costly as this latest downgrade is, the next one could be even more devastating.
U.S. 30-year fixed mortgage rates increased to 3.71 percent, reversing six weeks of declines after modestly positive economic data, mortgage financier Freddie Mac said Thursday.
Ahead of next year?s expansion of Internet domain names with hundreds of new suffixes, 1,930 applications have been submitted to the governing Internet Corp. for Assigned Names and Numbers (ICANN).
As the euro zone lurches from crisis to crisis, the spotlight is set to fall on Chancellor Angela Merkel as world leaders look to Germany to take a lead.
World's richest man, Carlos Slim Helu, said lifting the age of retirement, privatizing infrastructure assets and making people over 60 work 10 to 11 hours three times a week could remedy the economic woes of struggling nations.
Time Inc., the largest magazine publisher in the U.S., has decided to embrace digital distribution. On Wednesday, Time Inc. announced that it will make all of its magazines available over the Newsstand application built by Apple, which exists on its iPhone, iPad, and iPod Touch devices.
AOL (NYSE: AOL), the No. 7 website, said management had re-elected all its candidates to the board of directors, defeating three challengers nominated by Starboard Value Management, a hedge fund that owns 5.3 percent of the company.
U.S. foreclosure filings increased for the first time in three months by 9 percent in May, according to a Thursday report by listings site RealtyTrac.
Volkswagen AG (Frankfurt: VOW) will pay ?600 million ($750 million) more than originally expected for the remaining 50.1 percent of sports car maker Porsche, bringing the total cost of the acquisition to ?4.5 billion, up from ?3.9 billion, according to Bloomberg.
Amazon.com Inc. (Nasdaq: AMZN), the No. 1 e-retailer, said it would trim costs for its Cloud computing unit known as Amazon Web Services, which operates in 190 countries and serves clients like Netflix (Nasdaq: NFLX).
Rarely do the words sports car and luggage go together in a sentence without the connecting phrase does not have enough room for. Well no more, because the 2012 Porsche Panamera S Hybrid is a genuine sports car, and it can in fact easily deal with some bags at the airport. Moreover, it succeeds in actually combining a sports car with hybrid technology without totally neutering the driving experience. Read our review to learn more.
As Suu Kyi tries to become the face of a ?new? Burma, striving for democratic reforms, the country?s western province of Rakhine remains under a state of emergency.
Seadrill Ltd, Transocean, Frontline, Nokia Corp, Credit Suisse, Smithfield Foods, Tata Motors, 3D Systems and Overseas Shipholding Group are among the companies whose shares are moving in pre-market trading Thursday.
Dutch navigation software specialist TomTom (Pink: TMOAF) got a major boost this week as Apple (Nasdaq: AAPL), the world's most valuable technology company, said it would collaborate with it on new software for the iPhone 4S family.
Futures on the major U.S. indices point to a flat opening Thursday ahead of the Department of Labor's report on weekly jobless claims and the Consumer Price Index.
Not missing out on the much awaited family and away time this summer break could still be done whether in a tight budget or a splurge. The big break from the daily grind awaits you and your loved ones in Poitou-Charente, the south of France.
Crude oil futures are slightly lower Thursday as investors await the outcome of the OPEC ministerial meeting in Vienna.
European markets fell Thursday as investor confidence was low ahead of the Italian bond auction later in the day.
Finland-based cell phone manufacturer Nokia announced Thursday that it plans to cut 10,000 jobs globally as part of its revamping measures.
The United States and India Wednesday agreed to further strengthen bilateral relations and cooperation on global issues and said that their ties had entered a new and more mature phase defined by constant consultations of strategic importance.
Asian markets fell Thursday as weak retail sales data by the U.S. Commerce Department and Spanish debt downgrade by Moody's weighed down on investor sentiment.
Stock markets in China and Hong Kong declined Thursday as weaker-than-expected data on monthly U.S. retail sales and renewed concerns about the debt-laden euro zone weighed on the sentiment.
Japan's industrial production declined in April from the previous month, according to the revised data released by the Trade Ministry Thursday.
The top after-market NYSE gainers Wednesday were: Spartech Corp, Haverty Furniture, SuperValu, Orbitz Worldwide and Unifi. The top after-market NYSE losers were: Korn/Ferry International, Winnebago Industries, Select Income REIT, Radian Group and Yelp.
Japan's Nikkei 225 Stock Average fell Thursday amid report of cut in Spain's credit rating and disappointing data from the U.S.
An alleged member of the LulzSec hacking group who prosecutors say targeted the Fox and PBS television networks and Sony's film and TV studio has been indicted.
Rarely do the words sports car and luggage go together in a sentence without the phrase does not have enough room for. No more. The 2012 Porsche Panamera S Hybrid succeeds in actually combining a sports car with hybrid technology without totally neutering the driving experience.
Key decision makers in prominent business companies throughout Europe have criticised failing education systems for rising youth employment and have been clamouring for the implementation of dual education schemes to help reverse this worrying trend.
