Result Page 1866 for Latest Business News & Archive

Danish Downgrades Deepen Euro's Depression

The euro shot lower yesterday, trading with a 1.23 handle as the market digested news that eight Danish banks had been downgraded.

World Bank President: Euro Bonds Need to Be On the Table

World Bank president Robert Zoellick is calling for the issuiing of a supranational euro bond that would be backed by credit guarantees from stronger euro zone economies while providing cheaper funding to struggling ones.

Apple Without Steve Jobs: 9 Things CEO Tim Cook Is Doing To Move Forward

It was strange not to see Steve Jobs fill one of the iconic red executive chairs at the D10 Conference in Rancho Palos Verdes, Calif., hosted by All Things Digital's Walt Mossberg and Kara Swisher, but current Apple CEO Tim Cook did his best to fill the massive vacancy left by Jobs with some heartwarming stories about Steve, his life at Apple, and some encouraging signs that the world's most valuable technology company is moving in the right direction.

US Appeals Court Rules That Defense Of Marriage Act Is Unconstitutional

Only the Supreme Court can finally decide this unique case, wrote First Circuit Court of Appeals Judge Michael Boudin.

More news

Ford Launches Major Pension Buyout Plan

Ford Motor Company (NYSE: F) will offer a pension buyout to 98,000 retirees and former employees of the nation's second biggest car company, Reuters reported Thursday.

Spain is the latest victim of the euro zone crisis. Fitch Ratings downgraded 18 Spanish banks on Tuesday.

Euro Zone Inflation Falls More Than Expected In May

Euro zone annual inflation is expected to be 2.4 percent in May, down from 2.6 percent in April, a report from the European Union's Eurostat statistics office said Thursday.

US Treasuries Hit All-Time Lows For Second Day In A Row

Investors flocked into longer-dated U.S. Treasuries for the second day in a row on Thursday, sending the yield on those products to all-time lows. The movement was one of the clearest signals that money managers took into account the crisis in Europe and some weak U.S. economic data figures and decided against moving into riskier assets.

Five Best Bangs For Your Buck Around The Globe

Surprisingly, the dollar isn't quite the disaster it has been for the last few vacation seasons. Here's a look at five countries where those holding greenbacks can save big.

Police form a cordon around the perimeter of the New York Vietnam Veterans Memorial, on the private plaza site

HP May Have Overbilled NYC For 911 Upgrade: Comptroller

Hewlett-Packard Co. (NYSE: HPQ), the biggest computer company, may have overbilled New York City by as much as $50 million to upgrade the 911 system, Comptroller John Liu charged.

Jobless Claims Up 10,000 Last Week To One-Month High

The number of Americans filing for first-time jobless benefits rose by 10,000 last week, the Department of Labor announced Thursday, bringing the number of people filing for unemployment benefits to a one-month high and exceeding analysts' expectations.

US 1Q GDP Revised Down To 1.9%

The U.S. economy expanded at a 1.9 percent annual rate in the first quarter, the Commerce Department reported Thursday. That's in line with economists' estimate and slower than the initially reported 2.2 percent pace.

Traders work on the floor of the New York Stock Exchange

Pre-Market Movers (Zynga, SAP, HSBC, Neonode, NCI, Amazon)

The companies whose shares are moving in pre-market trading Thursday are: The Ryland Group Inc., Zynga Inc., SAP AG, HSBC Holdings plc, Neonode Inc., NCI Inc. and Amazon.com Inc.

A woman labourer walks past a residential estate under construction in Kolkata

India's Q4 Economic Growth Slumps To Nine-Year Low; Trade Bodies Demand Immediate Government Action

Corroborating the fears of an economic slowdown, India's economic growth slumped to 5.3 percent, a nine-year-low in the fourth quarter ending March 31, according to a Thomson Reuters data. The growth rate was 9.2 percent in the same period a year earlier.

Traders on the floor of the New York Stock Exchange

US Stock Futures Point To Higher Opening Thursday

Futures on major U.S. indices point to a higher opening Thursday, ahead of the ADP National Employment Report and the Bureau of Labor Statistics' (BLS) report on Initial Jobless Claims.

Research in Motion Struggles; Shares Drop

Paradigm Shift: As RIM, Nokia Plunge Could Windows 8 Be Too Late To Save Them?

Shares of smartphone manufacturers Research in Motion (Nasdaq: RIMM) and Nokia (NYS: NOK) swooned this week on fears of mounting losses and dwindling share.

Rupee, Market Hit By India's Q4 GDP Data

The Q4 GDP data for India plunged the volatile rupee further in the morning trade Thursday, as the Indian currency hovered near an all-time low of 56.52 against the dollar. The rupee was trading at 56.38/39 at 10 am IST, after testing the 56.52 level in early trade.

Samsung Galaxy S3 With 2GB RAM, Snapdragon S4 Processor Coming To Canada On June 20; US Release Likely On Same Day In NY

Samsung Electronics announced Wednesday the models details and availability date of its latest flagship smartphone, the Galaxy S3, in Canada. The highly-anticipated smartphone will be available through leading Canadian wireless carriers and authorized national retailers, starting June 20.

An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.

Asian Stocks Fall As Spain?s Banking Woes Increase

Asian markets fell Thursday as concerns over the debt crisis looming over the euro zone increased due to heightened Spanish banking sector woes.

Japan?s Industrial Output Rises In April But Misses Expectation

Japan's industrial production gained in April from the previous month but remained below expectation, raising concerns about the country's faltering economic growth momentum.

Japan's Industrial Revival Slows, Threatening Recovery

Japanese industrial output rose in April at a slower pace than expected, in a discouraging sign that China's slowing economy and Europe's sovereign debt crisis will weigh on Japan's recovery.

Asian Stocks, Euro Drop On Spanish Debt Fears; Nikkei Down 2%

Asian shares, the euro and oil prices fell Thursday as surging borrowing costs in Spain heightened fears of euro zone debt contagion.

J.P. Morgan Reported Overhauling Unit With $2B Loss

J.P. Morgan Chase & Co is spinning off the special investments group from its scandal-plagued chief investment office in a bid to overhaul the division that cost the bank more than $2 billion in trading losses this month, the Financial Times reported.

Ford Readies First Set Of Landmark Pension Buyouts

Ford Motor Co will pursue its boldest attempt yet to tackle a nearly $50 billion risk to its business when it begins offering lump-sum pension payout offers to 98,000 white-collar retirees and former employees this summer.

Andy Coulson, Ex-Cameron And Murdoch Aide, Charged With Perjury In UK

Police in Scotland charged a former spokesman of British Prime Minister David Cameron with perjury on Wednesday for remarks made in court over the phone hacking scandal.

Michael Bromwich, Director, Bureau of Ocean Energy Management, Regulation, and Enforcement testifies as U.S. Secretary of the Interior Ken Salazar (L) watches during the "Future of Offshore Drilling" panel at the National Commission on the BP De

Public Comment Period For Atlantic Oil Surveying Extended

The Bureau of Ocean Safety Management announced on Wednesday it will be extending a public comment period for a draft impact statement needed before parts of the country's Atlantic seaboard are opened to geological surveying.

A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Shut Out: ECB Says No Candidate Nations Ready To Join Euro Yet

While speculation swirls about whether Greece is going to drop the euro, the European Central Bank said on Wednesday that none of the eight countries trying to get in the currency bloc are ready to join.

'Bath Salts' Pushed By Drugmaker After Miami Cannibal Attack By Rudy Eugene

As a homeless man lies in a Miami hospital with 75 percent of his face chewed off from a horrific cannibal attack, a drug company is using the crime as an opportunity to boost sales of bath salts, which are thought to have crazed the attacker.

IBM Deploying Cloud Servers For French Open Fans

International Business Machines Corp. (NYSE: IBM) said it was deploying cloud, or Internet, computing services for the website of the French Open so that it can handle as much as 100 times normal traffic.

Industrial Commodities, Stocks Drop; Gold Posts Surprise Gain

Crude oil prices slid more than 3 percent Wednesday on fears of a slowdown in global economic growth. U.S. stocks also closed lower, with major indexes all down more than 1 percent and yields on the benchmark 10-year Treasury sank to a record 1.64 percent.

Why Women Shouldn?t Support Obama

The president has shown in recent weeks that while he may be interested in their votes, he doesn?t really value women?s interests.

A gas drilling site on the Marcellus Shale is seen in Hickory, Pennsylvania February 24, 2009.

Pennsylvania Democrats Launch Attack On State's Fracking Law

Democrats in a state where fracking has ignited a furious political debate say a law currently regulating the practice doesn't go far enough, and propose a new one

Spurned by Saviors, Spanish Bank Turns to ... Spider-Man

Facing what seem to be minute-by-minute rejections of various bailout scenarios, Spanish bank Bankia S.A. -- the country's fourth-largest financial institution, which is currently embroiled in a crisis of insolvency -- is putting its faith in the web-shooting hands of a Marvel Comics superhero, Spider-Man.