McDonald's same-store sales rose 5.1 percent in July, the company says, beating internal forecasts. The company continues to outperform competitors globally after the recession.
Auriga USA has upgraded the shares of EMC Corp (NYSE:EMC) to 'buy' from 'hold', saying that the company would increase its margins and profits by gaining market share in the storage space.
U.S. gold futures and cash gold struck records in early Asian trade on Monday after the United States lost its top-tier AAA credit rating from Standard & Poor's in an unprecedented blow to the world's largest economy.
Bullion roared to record highs above $1,700 an ounce on Monday as an unprecedented downgrade to the U.S. credit rating sent investors scrambling out of riskier assets, hammering equity markets and the dollar.
Japan's Nikkei stock average slid more than 2 percent on Monday as weak sentiment following Standard & Poor's downgrade of the United States' credit rating was exacerbated by futures selling after Asian markets tumbled.
A weekend contest at the world's largest hacking convention in Las Vegas showed one reason why big corporations seem to be such easy prey for cyber criminals: their workers are poorly trained in security.
A downgrade of United States' top-tier credit rating has Wall Street scrambling to figure out the knock-on effects for the financial system, from mortgages to banks to markets that rely on U.S. Treasuries for collateral.
The European Central Bank said on Sunday it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signaling it will buy Spanish and Italian government bonds to halt financial market contagion.
Tel Aviv shares closed nearly 7 percent lower on Sunday in the first response of a developed market to Standard & Poor's downgrade of the United States' credit rating that has sparked fears of another global recession.
South Korean policymakers on Sunday played down any likely impact on the economy following the downgrade in U.S. credit ratings and told local investors not to panic when financial markets reopen.
Unions representing 45,000 Verizon Communications (VZ.N) workers called for a strike as negotiations failed for a new labor contract that expired at midnight on Saturday.
The fact that U.S. Treasury bonds managed to cling to their coveted triple-A rating this week failed to impress several prominent bond fund managers, who say they are lightening up on Treasuries and stocking their portfolios with corporate bonds instead.
The United States lost its top-tier AAA credit rating from Standard & Poor's, drawing a blast of criticism on Saturday from its biggest creditor China and deepening investors' alarm over the euro zone's debt crisis.
Guidewire Software Inc, which sells software to the insurance industry, is gearing up to go public and has selected JPMorgan Chase & Co (JPM.N) and Deutsche Bank (DBKGn.DE) to underwrite the deal, people close to the matter said.
France has complete faith in the solidity of the U.S. economy and in the U.S. government's determination to implement the Congress's plan, a source close to France's Finance Minister Francois Baroin said on Saturday.
Where can investors hide when even gold and cash look dicey?
Self-proclaimed "Spam King" Sanford Wallace of Las Vegas pleaded not guilty in federal court on Thursday, according to a report.
Viacom CEO Philippe Dauman would have preferred to keep the focus squarely on the media giant's robust third-quarter profits.
Stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point.
U.S. sales of Blu-ray movie and television discs rose this year as overall spending on home entertainment dropped and viewing habits shifted, new figures from an industry group showed.
Wells Fargo & Co may have to buy back an additional $1.8 billion in toxic mortgages from outside investors on top of claims it already received, the fourth-largest U.S. bank by assets said in a securities filing on Friday.
Investors scrambling for cover during the U.S. deficit and debt ceiling talks and Europe's ongoing sovereign debt crisis sold stock funds and bought emerging market debt and commodities, data from EPFR showed on Friday.
Gold jumped more than 1 percent and metals market plunged on Friday as investors sought safe havens and fled riskier assets on worries over slowing global economic growth.
Gold held firm after upbeat U.S. labor market data soothed immediate fears of a recession, but longer-term uncertainty about economic growth and concerns about the euro zone debt crisis supported demand for the precious metal.
U.S. President Barack Obama hailed a positive jobs report on Friday but said more job growth is needed and predicted the situation will improve over time.
Priceline's stock surged in trading Friday, up more than 10 percent, after the company raised its third-quarter guidance on Thursday.
The U.S. Post Office is warning it could default on payments to the federal government if Congress does not step in with help.
Despite posting strong quarterly earnings on Thursday, LinkedIn saw its stock yo-yo downwards on Friday, at one point dropping down over 8 percent.
More than $2.5 trillion have been wiped off the value of world stocks this week on mounting concerns the global economy is heading toward another recession and Italy and Spain are being engulfed by the euro zone sovereign debt crisis.
Mohamed El-Erian has the best explanation of what happened in the markets yesterday. First and foremost, there were ?technical factors?. This doesn?t mean lines on charts and head-and-shoulders patterns and similar astrological nonsense, but rather the dynamics of where investors? money was being held and the amount that the market would fall given a modest downward nudge. Sometimes that number is tiny, but it can fluctuate a lot, and yesterday it just happened to be huge.
