Iran announced it will continue enriching high grade uranium while adding a nuclear power plant in 2014 and rebuffed calls to allow U.N. inspectors to visit the suspected home of the country's nuclear weapons research.
Former White House chief of staff Erskine Bowles, whose name has surfaced as a potential successor to U.S. Treasury Secretary Timothy Geithner, said Sunday he does not want the job and has not been asked by Democratic President Barack Obama.
Sarah Hughes, who an Olympic gold medal for the U.S. at the 2002 Winter Olympics, won't have the public skating rink in Great Neck, N.Y., renamed in her honor, the Great Neck Park Commission has ruled.
Several industry bellwethers like Cisco Systems (Nasdaq: CSCO), Dell (Nasdaq: DELL) ) and NetApp (Nasdaq: NTAP) have reported poor resuilts or forecasts. Hewlett-Packard (NYSE: HPQ) will axe 27,000 people. Is a new tech recession ahead?
Iran will not compromise on the West's demand to stop enriching Uranium to 20 percent, said Fereydoon Abbasi Davani head of Iran's Atomic Energy Organization.
India and Myanmar will be sealing several bilateral pacts including one in the energy sector.
In this issue we talk to Greg Firtik of Global Ag, LLC, a registered CTA with NFA.
Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.
Groupon Inc. is testing a payment service that will allow merchants to accept credit cards using its infrastructure, media reports said, pushing the coupon company into a market space already occupied by PayPal and Square.
The controversial story of Diane Tran, a jailed honors student in Montgomery County, Texas, has sparked widespread outrage on the Internet.
The contemplated union of Saudi Arabia and Bahrain forms only one part of a potentially much wider alliance -- the political, military and economic integration of the Gulf Cooperation Council (GCC), which comprise Saudi Arabia, Bahrain, Kuwait, Qatar, the United Arab Emirates (UAE) and Oman.
It?s a showdown between the government and the private owners of Domodedovo Airport, with the former trying by many accounts to pry control of Russia's most lucrative airport away from the shadowy company that runs it.
Fearing a political backlash, the Indian government has postponed the decision to hike the diesel prices for the time being. However, economists feel that it is time the government deregulated the prices of diesel and stopped subsidizing them.
Lorenzo Thione believes in fate and approaches the world with a somewhat self-confident naivete. This outward optimism comes across most clearly when he talks about his new business: He wants to be an artist among the artists, unchaining fine art from wealthy collectors and setting it free among the hoi polloi.
Asian markets declined this week on increasing concerns about China's economic slowdown and Greece possibly exiting the euro zone.
Spain's Bankia S.A. requested the country's government provide it with a bailout worth ?19 billion ($24 billion) on Friday, the same day Standard & Poor's Ratings Services said it lowered its ratings on five financial institutions based in the Iberian nation.
You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, with the Dow Jones Industrial Average?s (DJIA) recent slide from 13,300 to 12,450 unnerving even the most experienced institutional investors. Where?s the market headed in the next six months?
Sam Zell, the Chicago real-estate mogul, has become so well-known for feasting on distressed assets that he's been called the grave dancer. This week, Zell took the nickname to the next level: He's about to receive $70 million from a ghost.
Investing in Brazil's booming economy has turned another page as foreign companies, especially Japanese firms, move from putting money into the nation's financial industry to putting it into the real economy of South America's largest nation.
The Toyota Motor Corp. (NYSE: TM) wants to make itself king of the hill once more and reclaim the No. 1 global sales position from the General Motors Co. (NYSE: GM) by adding eight compact cars for emerging markets, Reuters said Friday.
Renesas Electronics (Tokyo: 6723), one of Japan's biggest chip-makers, could fire as many as 30 percent of those on its payroll, or 14,000 workers.
It seemed like a move in the right direction for Yahoo back in November, when the company announced a family of new mobile products that would enrich the way users see and understand their news and entertainment content. But just shy of seven months after outburst of mobile and social applications and tools, Yahoo has decided to call it quits on arguably the biggest piece of that mobile package, a personalized magazine app called Livestand.
U.S. equities closed a moderately green week with a moderately red day on Friday, as the Dow Jones Industrial Average fell 74.92 points, or 0.60 percent, to 12,454.83, the S&P 500 index dropped 2.86 points, or 0.22 percent, to 1,317.82, and the Nasdaq Composite index dipped 1.85 points, or 0.07 percent, to 2,837.53.
The Brazilian real, the currency of Latin America's largest economy, mounted a minor rally after weeks losses brought on by an uncertain economic climate.
The Cisco Cius, we hardly knew ye. Less than a year after the Cius hit shelves on July 31, Cisco announced on Friday (via company blog) that it will discontinue all investments being poured into its tablet designed for business and enterprise professionals. The price may have been the Cius' ultimate killer, but the lack of entertaining features made this tablet all work, and no play.
The hard reality is that companies involved in global trade are almost always exposed to exchange rate risk. Using very simple tools, uncertainty can be effectively stripped out of a transaction.
Private-sector initiatives in space made history Friday when SpaceX?s Dragon space capsule was grappled by and attached to the International Space Station.
The Bureau of Safety and Environmental Enforcement will be conducting a series of possibly unannounced equipment inspections and on-water drills to test the oil spill responsiveness of companies planning to operate off the coast of Alaska in the Arctic Ocean.
French and German consumer confidence showed unexpected strength, reports showed Friday. While the market is cheering about the good news, some economists view this as a warning sign of a euro zone crisis fatigue - something that is as dangerous, if not more so than the crisis itself.
Vatican police arrested Pope Benedict XVI's personal butler on Friday following an investigation into the Vatileaks scandal in which confidential church documents, including personal letters to the pope, were made public.
