United Parcel Service Inc Chief Executive Scott Davis said the world's largest package delivery company is on track for record results this year in the face of the economy's bumpy ride and expectations for sluggish economic growth.
United Parcel Service Chief Executive Scott Davis said the world's largest package delivery company is on track for record results this year even in the face of the economy's bumpy ride.
South Africa's government bonds reversed losses on Thursday and yields fell as investors drifted back into local debt to snap up bargains following a couple of days of heavy selling when risk aversion hit emerging markets.
Courts in China's restive far western region of Xinjiang have sentenced four people to death for violence in two cities over the summer which left 32 people dead, a government website said.
Stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears.
The new loan offers will be conducted in October, November and December.
Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the debt crisis.
Adobe Flash has finally come to Apple Inc.'s iPad, iPhone, iPod Touch, not directly supported but just that the new app tools will be able to export Flash content as an HTML5-supporting format.
Stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears.
At least two people are dead and another 235 evacuated from a cruise liner that caught fire on Thursday morning near Aalesund, a port city on Norway's western coast.
Wall Street was set for a higher open on Thursday after three straight winning sessions on relief European leaders were committed to keeping Greece afloat, but weaker-than-expected data, including jobless claims, kept gains in check.
German Chancellor Angela Merkel bluntly rejected euro zone bonds as a solution to the currency area's sovereign debt crisis, saying on Thursday that collectivizing debts would not solve the problem.
Gold prices fell Thursday around the world as investor fears of a Euro zone collapse gave way to hope that coordinated intervention by global monetary authorities could contain and even cure the continent's sovereign debt crisis.
Stock index futures rose on Thursday after three days of market gains as investors welcomed signs that European leaders are committed to keeping Greece afloat for now.
Gold prices slipped below $1,800 an ounce on Thursday as stock markets extended gains, with assurances from Germany and France about keeping Greece in the euro bloc boosting appetite for assets seen as higher risk at the precious metal's expense.
German Chancellor Angela Merkel bluntly rejected euro zone bonds on Thursday as a solution to the currency area's sovereign debt crisis, saying that collectivizing debts would not solve the problem.
France and Germany have assured to support continued membership of Greece in the euro zone with the Greek Prime Minister vowing to persist with austere cuts in the struggling country’s budget.
Billionaire investor George Soros has warned Europe's debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury.
German Chancellor Angela Merkel rejected joint euro zone bonds on Thursday as absolutely wrong and said restoring stability to the single currency bloc required a longer-term step-by-step approach.
Stock markets rose for a third day on Thursday and the euro steadied, helped by signs that euro zone leaders are committed to keeping Greece afloat for now.
Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.
Chrysler Group LLC and the United Auto Workers union failed to reach a deal on a new contract by the expiration of the current pact on Wednesday and Chief Executive Sergio Marchionne said he was willing to extend the terms of the expiring contract for a week.
