U.S. diesel engine maker Cummins Inc lowered its revenue and profit margin forecasts for 2011, blaming an uncertain global economy, and its shares fell 7 percent in premarket trading.
Israeli technology companies, once the darlings of New York's Nasdaq, have turned their backs on the exchange and are looking for suitors to acquire them.
The Reserve Bank of India (RBI) raised interest rates on Tuesday for the 13th and possibly final time in a tightening cycle that began in early 2010, on expectations that persistently high inflation will finally begin to ease starting in December.
Hyundai Motor Co <005380.KS> and affiliate Kia Motors Corp <000270.KS> aim to sell about 7 million vehicles globally next year, versus more than 6.5 million this year, the president of Hyundai Motor said on Tuesday.
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but gave a strong signal it may be finished with its current tightening cycle as growth slows and it expects high inflation to ease starting in December.
Intel Corp is comfortable with its chip pricing now and is working with suppliers and manufacturers to lower the cost of its new ultrabook slim PCs, a product it sees as key to reviving the traditional computer in the face of the tablet challenge.
India's central bank raised interest rates on Tuesday for the 13th time since early 2010 but said it was likely to hold off on further increases as it expects high inflation to ease beginning in December.
Asia's PC makers, already grappling with the prospect of subdued year-end holiday season consumer demand, are faced with a likely further slowdown in the lunar new year sales season as Thailand's floods cut the supply of hard disk drives.
Mike Daisey makes a show of discovering a problem, but doesn't offer any solutions.
Delegations from the United States and North Korea met on Monday for two-day talks to discuss a possible disarmament of North Korea's nuclear weapon's program.
Most Americans, weighed down by the everyday problems triggered by the U.S.'s sluggish economy, probably aren't contemplating the nation's infrastructure; but it's a topic worthy of discussion -- for national asset reasons, and the fact that an infrastructure rebuilding program can boost U.S. GDP growth.
A letter released from the Vatican on Monday calls for sweeping reforms to the global economy for the return of a system in favor of ethical behavior and achievement of a universal common good for both rich and poor countries.
A proposed refinery, a petrochemical joint venture between China's CNPC, Royal Dutch Shell Plc and Qatar, this week signed a framework deal with local authorities in eastern China's Zhejiang province where the mega project will be built.
China Mobile <0941.HK>, the world's largest mobile carrier by subscribers, has 10 million iPhone users even though it does not yet have an agreement with iPhone maker Apple
, its chairman told Reuters on Monday.Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.
Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.
South African stocks closed at their highest level in nearly three months as demand for resources firms rose with hope that European Union leaders will agree on a solution to their region's debt woes later this week.
U.S. grain and soybean futures rose over 1 percent on Monday in a broad commodities rally as investors bet that European leaders would reach a deal to tackle a euro-zone debt crisis and took heart from an improved manufacturing indicator in China.
Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled optimism in its 2012 outlook.
Angela Merkel's supporters praised her for getting France to drop demands to use the European Central Bank to leverage euro crisis funds, but looked like making a meal out of the German parliament's new right to be consulted on how these are used.
David Prend is one of the most respected investors in green technology - but even he picks some losers.
Caterpillar Inc far exceeded analyst expectations on Monday, reporting a 44 percent quarterly earnings increase due to record revenue, and the company signaled tempered optimism in its 2012 outlook.
