Result Page 1867 for Latest Business News & Archive

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.

China Stimulus: What You Need To Know

With dark clouds gathering over China's economy, Beijing is feeling greater pressure to introduce stimulus measures to support growth.

Why Spirit Is The Worst Airline In America, Or My Terrible, Horrible, No Good, Very Bad Flight

I will never, ever, ever fly on Spirit Airlines (Nasdaq: SAVE) again. In the past 24 hours, I have experienced the worst flying experience of my life. Over the course of almost seven hours of absolutely unacceptable delays, I was lied to, witnessed mothers struggling to care for their children, saw elderly people lose access to their medication.

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Andy Coulson, Former News Of The World Editor, Detained On Perjury Charges

In the most recent development of the scandal that has rocked Rupert Murdoch's disgraced News of the World tabloid, former editor Andy Coulson has been detained on perjury charges over court testimony about phone hacking. Coulson, 44, has been taken into custody by Scottish police as a part of an investigation into phone hacking and perjury at the trial of politician Tommy Sheridan.

Industrial Commodities, Stocks Plunge On Global Slowdown Fears

Industrial commodities and global stocks fell sharply Wednesday as evidence mounted that the global economy's highfliers are dangerously close to stall speed. Yields on 10-year Treasuries tumbled to a record low 1.64 percent.

China Invests Heavily In Clean Energy - But Is It Too Little, Too Late?

The Chinese government says it will allocate the equivalent of $27 billion to renewable energy and energy efficiency programs in 2012, but the battle against the deterioration of China's environment will be a long and tough one.

To Cut Or Not To Cut: Ireland Braces For Crucial EU Austerity Vote

Anti-treaty parties have gained significant support in the run up to Thursday's vote, with nationalists Sinn Fein rising to become the second most popular party, according to recent polls.

Assets Slashed as North America Awaits Data

With Europe rattling markets and the rush to dollars, traders have dragged down Brent Crude to cap-off what looks to be its worst performance in two years.

TV Adverts with Most Complaints: ASA Celebrate 50th Birthday [SLIDESHOW]

Celebrating its 50th anniversary, Advertising Standards Agency [ASA] has dealt with over 431,000 complaints.

European Fears Flare

In a direct statement overnight the European Commission has said it would consider directly recapitalizing troubled European banks via the European Stability Mechanism

Illinois' Same-Sex Couples Sue For Right To Marry

The American Civil Liberties Union and LGBT group Lambda Legal will file lawsuits to challenge Illinois' same-sex marriage ban.

Apple To 'Double Down' On Products Secrecy, Says CEO Tim Cook; Why Steve Jobs Would Be Proud

Too many leaked parts. Too many missing phones. Whatever the real reason is, Apple CEO Tim Cook wants to double down on secrecy on products coming out of Cupertino. Cook's announcement at the D10: All Things D Conference would make Apple fans, as well as the late Apple founder Steve Jobs, very proud.

Pakistani Court Document Deflates U.S. Efforts To Free Bin Laden Doctor

The jailed Pakistani doctor who helped the CIA locate Osama Bin Laden was handed a 33-year prison sentence last week for conspiring with Islamic militants, not for assisting American agents according to a court document.

No Massive China Economic Stimulus, Xinhua Says, Markets Slip

China will not see any major government stimulus in the near future, a report published by the state-run media agency Xinhua said Wednesday, news which sent tremors through Chinese stock markets.

EU Recommends Bank Bailout 'Union'; Germany Shoots Down Plan

The European Union recommended Wednesday that the 17 countries of the euro common currency union create and fund a banking union for bailing out insolvent banks, preventing the fiscal and political stresses such moves have on individual national governments. The union would be funded by the European Stability Mechanism, one of the EU's standing bailout funds.

A Case tractor. Case is one of the brands produced by CMH, along with New Holland. CMH is merging with Fiat Industrial S.p.A.

Fiat Industrial, CNH To Merge

Fiat Industrial S.p.A. (Milan, FI), a 2010 spin-off of Fiat S.p.A. that makes trucks and tractors, plans to merge with CNH Global NV (NYSE: CNH), the producer of Case and New Holland brand tractors, the company announced Wednesday.

Mubarak?s Sons Facing Stock Market Fraud Charges

The two men, along with their father, are already facing a litany of other charges, including official corruption, in a separate ongoing trial.

Steven Tyler Buys First 2012 Hennessey Venom GT Spyder, Aerosmith Front Man Owns Fastest Convertible In The World [PHOTOS]

Wish you were the owner of the fastest convertible in the world? Well, Dream On, because that title belongs to Aerosmith front man Steven Tyler after he purchased the first, and custom-made, 2012 Hennessey Venom GT Spyder for over $1 million. View the slideshow to see photos of Steven Tyler with his custom 2012 Hennessey Venom GT Spyder.

Euro Zone Economic Confidence Slumps To Near 3-Year Low

Economic stagnation and continuing debt crisis in the single currency bloc drove the region's business sentiment to 90.6 in May from April's revised 92.9, the European Commission said Wednesday. That was the second big fall in a row and left the index at its lowest level since the back end of the global recession in October 2009.

Trader gestures in front of his screens during a bond auction on a trading floor in Madrid

Italian Borrowing Costs Soar As Investors Lose Appetite for Peripheral Debt

Italian government borrowing costs rose Wednesday to crisis levels as international investors, spooked by developments in Greece and Spain over the past few days, shied away from lending to that recession-ravaged peripheral European economy.

Migrant workers from Myanmar hold a picture of pro-democracy leader Suu Kyi and flowers in Samut Sakhon province

Suu Kyi Listens To Plight Of Burmese Migrants In Thailand

The Burmese in Thailand occupy the lowest strata of society and earn meager wages toiling at menial jobs in construction, fishing and factories, often illegally.

RIM Activist Investor: Split Company In Half For Sale

Two months ago, Toronto activist investor Victor Alboini, whose Jaguar Financial had acquired a stake just below 5 percent in Research in Motion (Nasdaq: RIMM), said the company won?t be around in its current shape in two years. Now it's for sale.

A worker adjusts the valve of an oil pipe at West Qurna oilfield in Iraq's southern province of Basra November 28, 2010

Iraq Pressures Western Oil Companies In Dispute With Kurdistan

Iraqi officials on Tuesday said their country's next oil lease auction will not allow companies to sign contracts with Iraq's semi-autonomous northern region of Kurdistan.

Traders work on the floor of the New York Stock Exchange

Pre-Market Movers (Delcath Systems, Quicksilver Resources, RIM, Nokia, Facebook and Western Digital)

The companies whose shares are moving in pre-market trading Wednesday are: Delcath Systems Inc., Quicksilver Resources Inc., Research In Motion Limited, Nokia Corp., Telefonaktiebolaget LM Ericsson, Facebook Inc. and Western Digital Corp.

Too Big To Succeed? Dewey & LaBoeuf's Demise Mirrors Real Estate Collapse

The global headquarters of Dewey & LaBoeuf LLP, a glass-sheathed office tower in midtown Manhattan, has a commanding view of a stretch of Sixth Avenue looking downtown. A pair of statues, designed by artist Jim Dine, rise from the plaza of the stately office, overlooking Rockefeller Center. But now, it will be the law firm's ornate tomb, a reminder of its glory days.

Apple?s Antitrust Reply On eBooks: ?We Benefited The Public?

Apple has acknowledged that its iPad made it a major force in ebooks but denied that it?s stifling competition in a formal reply to the Justice Department's antitrust suit.

Air India's Striking Pilots Have No Rights To Be Trained: Court

In a big blow to the striking pilots of Air India, the Delhi High Court Wednesday said that they have no right to get training to fly advanced aircraft like Boeing 777.

US Stock Futures Point To Lower Opening Wednesday

Futures on major U.S. indices point to a lower opening Wednesday ahead of anticipated reports on the Mortgage Applications Index and Pending Home Sales.

A sign is seen on the exterior of the headquarters of investment bank Morgan Stanley in New York City

Morgan Stanley Gets Banking License To Operate In India

Morgan Stanley has received an in-principle approval from the Reserve Bank of India (RBI) for a banking license, a leading business daily reported Wednesday quoting a spokesperson of the bank.

A man walks past the BSE building in Mumbai

Indian Stock Markets Trade In Red; Rupee Approaches Its Record Low

Bombay Stock Exchange's benchmark Sensex and NSE's Nifty opened in red in the morning session Wednesday, weighed down by a slump in the shares of Tata Motors. The choppy trading continued with India's largest automaker being the top loser in the BSE with a 9.03 percent or 24.80 points decline.

Woman walks past stock quotation board outside brokerage in Tokyo

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