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California Street Has Costliest Office Rentals: Report

Forget Park Avenue or Fifth Avenue. Sand Hill Road in Menlo Park, California, is the most expensive street in North America for office renters, according to a report released by real estate services firm Jones Lang LaSalle Inc on Wednesday.

US Offers Loan Aid to Put Solar on Military Bases

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The U.S. Department of Energy said it has offered $344 million in loan aid for a solar power program at military bases that could double the number of the country's residential rooftop solar arrays.
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Kofax FY Profit Up, Plans US Listing

Kofax Plc posted a higher full-year profit even as revenue growth in the second half of the year slowed due to longer sales cycles and decision making, and the company said it expected these challenges to continue.
Iceland's President Olafur Ragnar Grimsson watches "Song of Freedom" concert in Tallinn

Iceland Says It Was Bullied Over Bank Debt

Iceland's president accused European countries on Sunday of having bullied it into agreeing to guarantee repayment of the debts of a failed bank, reviving a dispute with Britain and the Netherlands whose citizens are owed billions.
File photograph of President of the European Central Bank Jean-Claude Trichet at the ECB headquarters in Frankfurt

ECB's Trichet Presses Italy on Budget Targets

ECB President Jean-Claude Trichet stepped up warnings over Italy's strained public finances on Saturday, telling the struggling center-right government it must act quickly to reassure nervous markets.
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New Congress Deficit Panel Sets First Meeting

A newly-formed congressional panel on deficit reduction next week will kick off months of arduous negotiations that will be closely watched by financial markets hoping for a deal that puts the United States on an improved fiscal path.
People wait in line to enter a job fair at the Phoenix Workforce Connection in Phoenix

Job Growth Grinds to a Halt in August

Employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
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Instant View: Job Growth Grinds to a Halt in August

U.S. employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.
President Barack Obama tours Solyndra, Inc., a solar panel manufacturing facility in Fremont, California

Solar company that Obama visited will shut down

Solar start-up Solyndra LLC, succumbing to pressure from lower-cost Chinese rivals, said it has suspended operations and plans to file for bankruptcy, 15 months after President Barack Obama visited a company factory that was to be expanded with the help of a federal loan guarantee.
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TCW rests case against star bond manager Gundlach

Trust Company of the West rested its court case against its former chief investment officer, star bond fund manager Jeffrey Gundlach, in the high-stakes trial that has drawn the attention of the financial services industry.
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Exxon deal latest milestone in Russia investment

Exxon Mobil Corp and Rosneft on Monday announced a deal to extract oil and gas from the Russian Arctic, marking a significant milestone in Russia's patchy history with foreign corporate investors.
A trader works on the floor of the New York Stock Exchange

Wall Street Gains as Fed minutes Boost Stimulus Bets

Stocks rose for a third straight day on Tuesday in a volatile session, after minutes from the latest Federal Reserve meeting boosted expectations the U.S. central bank will act again to stimulate the economy.
Traders work on the floor of the New York Stock Exchange

Futures Off After Rally

Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.
Solar panels are seen in the parking lot of 1929 building Walter J Towers, near downtown Los Angeles, California

U.S. solar industry was net exporter in 2010

The United States was a net exporter of solar energy products last year, thanks to strong demand from China, Germany and Japan for U.S.-made polysilicon and capital equipment used to make solar panels.
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LDK Solar sees price recovery in second half

LDK Solar Co Ltd suffered a quarterly loss as a sharp drop in solar wafer prices forced it to write down millions of dollars in inventories, but forecast revenue for the current quarter above estimates on stabilizing prices.
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Goldman Faces Myriad Legal Challenges

Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.

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