Cisco Systems Inc CEO John Chambers, cutting back a bloated management bureaucracy he helped build, has kicked off a sweeping overhaul to revive the networking equipment maker's flagging fortunes.
China has found some U.S.-made passenger cars benefited from unfair subsidies, damaging its carmakers, although Beijing side-stepped a potential trade row with the United States by not hitting them with duties.
Cisco announced changes to its management structure.
The Made in the USA label may be poised for a comeback, a new study argues.
China has officially criticized U.S. President Barack Obama’s administration for the military operation that led to the killing of al-Qaeda chief Osama bin Laden.
Oil plunged more than 8 percent on Thursday, heading for the third biggest daily drop in dollar terms on record, as concerns about economic growth and monetary tightening spurred a sell-off in commodities.
Oil plunged nearly 7 percent on Thursday, heading for the biggest daily drop in dollar terms since the 2008 financial crisis, as concerns about economic growth and monetary tightening clobbered commodities.
Shares of General Motors Co fell as much as 4.7 percent on Thursday as investor concerns over weak pricing at the No. 1 U.S. automaker outweighed a giant leap in quarterly net profit.
Faltering economic growth and edginess about the impact of costly oil fueled a fourth day of aggressive selling across commodities as Brent crude headed to its biggest weekly fall in a year while silver extended an historic slide.
General Motors Co is expected to report on Thursday first-quarter operating earnings more than double a year earlier, driven by a recovery in the U.S. market and strong sales in Asia.
Commodity prices fell once again, and Silver Bullion sank for the fourth day in succession, losing 22.5% against the Dollar since Thursday last week - the sharpest plunge since April 1987.
General Motors Co's quarterly profit more than tripled, beating expectations, driven by a recovery in the U.S. market and strong sales in Asia.
Jefferies & Co. initiated coverage of AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) with a buy rating and a price target of $27, implying 41 percent upside.
Adidas said soaring demand from the United States, China and Russia for its sneakers would offset a profit hit from the Japan earthquake, allowing it to raise its sales outlook for the second time this year.
The top after-market NYSE losers on Wednesday are: Ion Geophysical, Nu Skin Enterprises, McClatchy, Clean Harbors, Solarwinds, F.N.B. Corp, Dole Food Co, Murphy Oil Corp, China Green Agriculture and Calgon Carbon Corp.
Factories manufacturing Apple iPads and iPhones in China are forcing staff to sign pledges not to commit suicide, according to an investigation, the Daily Mail reported.
The euro kept close to a 17-month high against the dollar and stock markets hugged recent levels on Thursday as investors waited for the European Central Bank to give hints on future interest rate rises.
Avon Products Inc
faces more woes as its internal bribery investigation found that the company may have made improper payments in countries besides China, the Wall Street Journal reported on Wednesday.Avon Products Inc
faces more woes as its internal bribery investigation uncovered the company may have made improper payments in countries besides China, the Wall Street Journal reported on Wednesday.Oil prices fell to their lowest in two weeks on Wednesday, hit by a build in U.S. crude stocks and a broad decline in commodities after weak U.S. economic data and concerns over tighter Chinese monetary policy.
China announced a new State Internet Information Office on Wednesday to unify the squabbling agencies that oversee the Chinese Internet, which Beijing views as both a potential gold mine and a political threat.
Signs of weakness in the U.S. economic recovery mounted as reports on Wednesday showed a sharp slowdown in the vast services sector and less hiring by private companies in April.
