Sales fell at many U.S. apparel retailers and warehouse club stores in June as the weak economy and cool, rainy weather dashed interest in summer shopping for consumers across the country.
China said on Thursday detained staff from Australian miner Rio Tinto had harmed China's economic interests in a case that has rattled currency markets and raised questions about China-Australia relations.
Costco Wholesale Corp on Thursday reported an in-line 6 percent fall in sales, hit by a slide in demand during the recession for higher ticket items such as cameras and cell phones.
Costco Wholesale Corp on Thursday reported a 6 percent fall in sales at stores open at least a year in June, in line with market expectation.
China confirmed on Thursday the arrest of an Australian mining executive and three others on spying allegations, in a case that has rattled currency markets and raised questions about China-Australia relations.
Four employees of Australian miner Rio Tinto have been arrested in China on charges of stealing state secrets, the official Xinhua news agency said on Thursday, citing Shanghai state security authorities.
Alcoa to withstand, Pepsi beats Street, US Airways won't cut further
Alcoa Inc reported smaller losses for latest reporting period, as the company's CEO said today management moves made so far will let the firm withstand a historic downturn in the aluminum industry.
Alcoa Inc posted a third consecutive quarterly loss on Wednesday, but cost cuts helped the largest U.S. aluminum maker beat Wall Street estimates by a large margin, sending its stock higher.
Alcoa Inc posted its third consecutive quarterly loss on Wednesday as aluminum demand remained weak and the price of the metal was depressed, despite a recent rally.
Pepsi Bottling Group Inc reported a higher-than-expected quarterly profit as price increases and stronger U.S. sales of carbonated soft drinks helped offset declining demand for pricier beverages.
Thrifty shoppers rule, Upset smokers sue again, Healthy hopes
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Shares in struggling German chipmaker Infineon Technologies AG soared on Wednesday after the company said it was selling its wireline communications unit (WLC) for 250 million euros ($349.5 million).
Hess Corp did not file a discovery notice with Brazil's government after drilling a well in the offshore Santos Basin, a company official said on Wednesday, a sign Brazil's offshore oil fields still face major risks.
A dramatic rally in bonds of U.S. real estate investment trusts may not be sustainable as the sector faces a protracted slump in property values, low occupancy rates, and weakened credit markets.
Bayer, Germany's largest drugmaker, has filed for approval in the United States for a new birth control pill it started to market in Europe in May to shore up its best-selling contraceptives business.
U.S. mortgage fraud reports jumped 36 percent last year as desperate homeowners and industry professionals tried to maintain their standard of living from the boom years, the FBI said on Tuesday.
The vacancy rate for U.S. apartments reached its highest level in more than 20 years in the second quarter and could soon exceed record highs if the recession persists, real estate research firm Reis Inc said.
Hyundai Motor Co, South Korea's top carmaker, on Wednesday launched its first hybrid car in the domestic market to satisfy a growing appetite for fuel-saving vehicles and to improve the image of the company's technology.
On the main board, foreign investors sold a net 197 billion won ($154.4 million) worth of shares, ending their buying spree in the past nine sessions.
Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday.
Car sales in India rose an annual 7.8 percent in June, climbing for a fifth straight month and reinforcing the country was one of the few markets where demand has been picking up.
China is at the start of another boom in car sales that is being propelled by rising incomes in third-tier cities and could continue for a few years, JP Morgan said on Wednesday.
Chinese authorities are detaining Rio Tinto Ltd's top iron ore negotiator on suspicion of espionage and stealing state secrets, Australia said on Wednesday, threatening to strain already fraying ties.
Family Dollar Stores Inc reported a 36 percent jump in quarterly profit topping market estimates and forecast fourth quarter in line or above analysts' view as more shoppers scoured its aisles for low prices on food, shampoo and household cleaners.
John Meriwether's hedge fund firm JWM Partners LLC plans to close his current hedge fund, which lost 44 percent from September 2007 to February 2009, Bloomberg reported, citing a person familiar with the matter.
Las Vegas Sands, the world's largest casino firm, wants to raise $3-$4 billion and is considering several options including an IPO of its Macau assets in Hong Kong, Chairman and CEO Sheldon Adelson said on Wednesday.
MSC Software Corp, a simulation and software services company, has agreed to a $360 million buyout by private equity firm Symphony Technology Group and private investment firm Elliott Management Corp.
