Stocks fell on Monday but pulled off their lows by mid-session, suggesting the market is shrugging off the weaker-than-expected jobs data that pushed major indexes down more than 1 percent earlier.
It’s easy to overlook the ugly cars in the world when they’re out on the street, but in the context of the New York International Auto Show 2012, sometimes it’s impossible to look away. Instead, you may find yourself staring like you’re trying to identify the road kill next to a mountain highway as you speed on by to the next glorious vista (is it a raccoon? Squirrel? No, a porcupine).
Japan's Sony Corp is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.
Apple is busy building its sixth-generation iPhone, likely called the iPhone 5, and reports say the company is testing the new device within older cases, presumably to bring the new smartphones out in public without drawing attention.
Stocks fell more than 1 percent on Monday after a much weaker-than-expected report on March U.S. job creation last week.
Japan's Sony Corp is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.
Avon Products Inc named Johnson & Johnson executive Sherilyn McCoy as its new CEO, ending a four-month outside search for a fresh face to refocus the company and turn around sales at home and abroad.
Avon Products Inc named Johnson & Johnson executive Sherilyn McCoy as its new CEO, ending a four-month outside search for a fresh face to refocus the company and turn around sales at home and abroad.
Major stock indexes fell more than 1 percent in early trading on Monday, weighed by growth-related sectors, after last week's much weaker-than-expected report on March U.S. job creation.
Global stocks and crude oil fell on Monday after data released last week showed a sharp slowdown in U.S. jobs growth, raising concerns about the strength of the world's largest economy.
Depending on where you look, Asia's inflation is either benign or stubbornly hot.
Freddie Mac , the No. 2 U.S. home funding company, said on Monday it sold $2 billion of reference bills at higher rates and weaker demand compared with the last week's sale of similar maturities.
Stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.
AT&T Inc said on Monday it would sell a 53 percent stake in its Yellow Pages business to private equity firm Cerberus Capital Management LP [CBS.UL}, which will pay AT&T $750 million in cash and take on $200 million in debt.
U.S. stock index futures traded lower on Monday after last week's much weaker-than-expected report on U.S. job creation for March.
It hasn't been long since Caterpillar Inc looked like the typical resident of the Rust Belt. Having misjudged how deep the U.S. economy would decline, the world's largest maker of construction machinery reduced its workforce by 33,000 people worldwide in 2009, closed plants and posted lower profits.
Qatar's sovereign wealth fund has increased its stake in Xstrata to just over 5 percent, potentially making it easier for commodities trader Glencore to buy the Anglo-Swiss miner.
China's annual inflation rate jumped more than expected in March to 3.6 percent as food prices remained volatile, but economists believe price pressures will moderate over the rest of year, giving Beijing the flexibility to ease monetary policy to support growth.
Qatar's sovereign wealth fund has built a 5-percent stake in Xstrata ahead of the mining giant's planned $41 billion takeover by commodities trader Glencore .
China's annual inflation spiked unexpectedly in March to 3.6 percent driven by rising food prices, data showed on Monday, surprising investors who had bet on cooling price pressures to give Beijing room to ease monetary policy.
Sometimes a little bit of inflation is not such a bad thing. In the United States, prices starting to creep upward shows the deep wounds from the credit crisis are slowly healing and the U.S. economy is well on the road to recovery.
Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation.
According to the Knight Frank Wealth Report 2012, China will overtake the U.S. to become the world's largest economy by 2020, but by 2050, India will surpass both.
Myanmar plans to increase rice exports by almost a fifth to 1 million tons in the current fiscal year (2012-2013), owing partly to international help in reviving its agriculture sector, state media said on Saturday.
Employers hired far fewer workers in March than in previous months, keeping the door open for the Federal Reserve to provide more monetary support for a still sluggish economy.
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.
Los Angeles Dodgers said on Friday it expects to emerge from bankruptcy by the end of April, after a group spearheaded by basketball great Earvin Magic Johnson last week agreed to buy the baseball franchise.
The chief executives of General Motors , AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the Treasury Department after they got exceptional bailout help during the financial crisis.
Snoop Dogg’s latest book, “Rolling Words: A Smokable Songbook,” is a collection of classic lyrics printed and bound on rolling papers (Photo: Reuters)
Apple headquarters, located at 1 Infinite Loop in Cupertino, Calif., is one of the most exclusive buildings in the world. If you never get a chance to look inside the building yourself, the least you could do is take a virtual tour of Apple headquarters.
