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.
Moammar Gadhafi's put up scattered, last-ditch resistance in Tripoli Monday after rebels swept into the heart of the Libyan capital, cheered on by crowds hailing the end of his 42-year rule.
The Black Death of the debt crisis across the euro zone will hurt China's exports, although Beijing's relatively small holdings of euro assets will limit damage to foreign exchange reserves, the nation's top official newspaper said on Monday.
Australia's strong currency struck a heavy blow to the nation's manufacturing industry on Monday when BlueScope Steel , its largest steelmaker, unveiled plans to shut half of its steel-making capacity, cease exports and slash 1,000 jobs.
World stocks fell toward a recent 11-month low on Monday while the euro and oil prices slipped as concerns about a global economic downturn prompted investors to sell risky assets.
European stocks extended four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
European stocks looked set to extend four weeks of losses Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
European stocks looked set to extend four weeks of losses on Monday, tracking jittery Asian shares lower, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
Jittery Asian stocks surrendered early gains and turned lower on Monday, adding to last week's steep losses, while gold shot to new highs as investors worried about the sluggish U.S. economic outlook and Europe's festering debt crisis.
Emmy-winning former CBS News vice president Lane Venardos, who produced coverage of such historic events as the Persian Gulf War and China's Tiananmen Square protests, has died. He was 67.
With the global economy sputtering and financial markets on the rocks, the world needs reassurance the U.S. central bank stands ready to save the day.
With the global economy sputtering and financial markets on the rocks, the world needs reassurance the U.S. central bank stands ready to save the day.
Brazil's Vale , the world's third-largest mining company, has yet to change its investment plans or suffer any canceled or modified shipments because of the global crisis, its CEO said in an interview published Sunday.
Apple might start manufacturing the next generation iPad from October in cooperation with its Asian component suppliers and assemblers in order to release the tablet early next year, an anonymous source told WSJ.
U.S. Vice President Joe Biden on Sunday rejected views that American power is waning and said Washington would never default, wrapping up a China visit that has played down tensions between the world's two biggest economies.
Almost half of the workers in Verizon's wireline business went on strike on August 7 after talks for a new labor pact failed when their contract expired.
Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
The overall economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better.
Republican presidential candidate and Texas governor Rick Perry has shown a flair for putting his foot in his mouth -- or someone else's mouth. He suggested Fed Chairman Ben Bernanke is treasonous. He once suggested the BP oil spill might have been an act of God instead of corporate errors. Here's 10 things Perry might say if elected President.
Hewlett-Packard no longer likes the PC business, but investors aren't liking HP at the moment on that news. One day after HP said it is considering shedding its PC unit, which currently comprises 30 percent of company sales, investors shed the company's stock, sending HP shares plunging to near six-year lows.
Here's 10 potential isms from would-be President Rick Perry (in jest, of course).
