WPP, the world's largest advertising group, expects to feel the impact of the economic slowdown in 2012, it warned on Wednesday, as it reported strong first half results bolstered by emerging markets and digital.
Anschutz Entertainment Group, a behemoth in the world of sports and entertainment events and venues, has officially entered competition with Live Nation’s Ticketmaster in the ticketing market.
Gold prices retreated in choppy trade on Tuesday after earlier hitting record highs as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
Stocks shot three percent higher on Tuesday on speculation Federal Reserve Chairman Ben Bernanke this week would signal new help for the economy, giving investors hope a four-week rout was nearing an end.
Over the past three weeks, investors have been rushing into short-term Treasury exchange-traded funds to shield themselves from the roller coaster equity markets.
New home sells fell in July to a 298,000-unit annual rate, the third straight monthly decline for the beleaguered sector. The slump means housing is likely to be a drag on U.S. GDP at least for the next two quarters, and perhaps for longer. New home prices are attractive, but potential buyers should traead carefully: they may drop in many markets.
A cash crisis is driving the United States Postal Service toward insolvency. Postmaster James A. Farley is asking Congress for help, threatening that the postal service will default in September if something isn't done. Here are five problems plaguing the USPS.
UBS announced cuts of 3,500 employees on Tuesday, mostly in its investment banking division, as the layoff trend continues in the banking industry.
Sales of new U.S. homes in July fell to its lowest level in five months, indicating that the housing sector is still on rocky footing after the housing bubble burst several years ago.
It may look fresh and the label may read sustainable, but Chilean sea bass is not always what it appears to be on store shelves, a biologist from Clemson University has found. Some of the fish labeled in shops are not sustainable and some are not Chilean sea bass at all.
Bank of America shares dropped to a 52-week low during early trading on Tuesday, as the company saw its stock drop more than 5 percent at times.
HP's TouchPad could touch Apple's iPad, but BlackBerry maker Research in Motion still thinks its smartphones can touch Apple's iPhone. Never mind that the iPhone keeps leaving the BlackBerry, the original hit smartphone, behind. RIM keeps trying. Tuesday, RIM announced three new BlackBerry smartphones, including the all-new BlackBerry Curve 9350, BlackBerry Curve 9360, and BlackBerry Curve 9370.
News that Ford Motor Co. and Toyota will work together jointly to develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles isn't a big surprise, if one considers the source of how the arrangement came about. Ford CEO Alan Mulally and Toyota CEO Akio Toyoda crossed paths at an airport. The two company leaders talked, sharing mutual admiration for one another's companies. Talk turned to hybrid vehicles, and plans for the future. Ford is the truck leader, and Toy...
The chief of Standard & Poor's will step down soon, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.
Bank of America Corp (BAC.N) shares fell nearly 8 percent on Monday, reaching their lowest level since March 2009, as investors fretted the bank may need to raise some $50 billion of capital and worried about potential additional mortgage lawsuit payouts.
South Korea's sovereign wealth fund said it had reinvested $78 million, around half the dividend it received from its $2 billion investment in Bank of America , back in the U.S. bank's shares this year.
U.S. retail gasoline prices fell 2.3 cents to $3.58 a gallon during the last week, the third consecutive drop this month, the U.S. Energy Department said.
Goldman Sachs CEO Lloyd Blankfein hires Reid Weingarten, a high-profile defense attorney.
More than ninety schools in California are taking advantage of the California Solar Initiative and installing solar projects. The California Solar Initiative is an incentive program to get companies, schools, and homes to switch to solar power. The program gives cash back for installing solar power, California hopes to move the state towards running completely on clean energy, from using a coffee maker in the morning, to opening your garage door, California wants its residents to operate on sola...
China's top online portal Sina Corp has invested between $30-$40 million in Chinese online video site Tudou Holdings , a source familiar with the matter told Reuters on Monday.
Chilean sea bass is not always what it appears to be on store shelves a biologist from Clemson University has found. Some of the fish labeled in shops are not sustainable and some are not Chilean sea bass at all.
News that Ford and Toyota will work together jointly to develop a gas-electric hybrid fuel system for pickup trucks and sport utility vehicles is not a big surprise if one considers the source of how the arrangement came about. Ford CEO Alan Mulally and Toyota CEO Akio Toyoda crossed paths at an airport. The two company leaders talked, sharing mutual admiration for each other's companies. Talked turned to hybrid vehicles, and plans for the future.
HP's TouchPad was an OK product according to reviews, but it lived a very short product life because consumers showed a hearty appetite for Apple's tablet-leading iPad. Now, many are asking if Apple's iPad will ever have a worthy competitor. At the moment, however, there's no competitor on the horizon ready to challenge the iPad.
The CEO of Harmony Gold, the world's fifth largest gold producer, said reported plans to shift mineral ownership in Papua New Guinea to local communities from the state would complicate negotiations but nationalisation was not being discussed.
HP rebounded a bit on Wall Street Monday as company executives including CEO Leo Apotheker went on a global mission to explain to major investors why the company is drastically changing its mission. Apotheker flew to London to begin selling his new vision of the company and other company leaders, including CFO Cathie Lesjak and Chairman Ray Lane made dozens of calls to answers questions about HP's new and controversial strategy.
United Continental Holdings announced on Sunday that it will spend over $500 million to improve the seats, expand overhead storage, roll out new inflight Wi-Fi and entertainment systems, and renovate older planes - all while creating a consistent costumer experience that combines the most popular offerings of both carriers.
Italian oil company Eni led the charge back into Libya on Monday as rebels swept into capital Tripoli, hailing the end of Muammar Gaddafi's rule and warning Russian and Chinese firms of contract revisions.
World number two home appliances maker Electrolux AB (ELUXb.ST), looking to further boost its presence in emerging countries and offset weakness in mature markets, has agreed to buy market-leading Chilean appliance company CTI (CTI.SN).
South Korean trading firm Samsung C&T (000830.KS) said on Monday it was considering taking over independent U.S. oil firm Parallel Petroleum, which a media report said might be worth about $920 million.
Investors were cautious on Monday on the prospect of rivals challenging Peabody Energy's (BTU.N) bid for Macarthur Coal (MCC.AX), though sources familiar with the matter said potential suitor Anglo American (AAL.L) was studying the books.
