U.S. stocks plummeted Thursday, following a similarly huge sell-off in Europe, on growing fears that the global economy is sinking into a recession, ahead of worries about tomorrow?s July jobs report.
U.S. stocks plunged as poor jobs data spooked investors ahead of Friday's all-important Bureau of Labor Statistics (BLS) July jobs report.
Germany has joined the fray to challenge the Facebook facial recognition feature on privacy concerns.
The U.S. sell-off follows even greater declines in Europe.
Johannes Caspar, data protection supervisor in Hamburg, Germany, has asked Facebook to stop running its facial recognition feature on German users and to delete their biometric data, reported UK paper Guardian.
A stuttering economy and anemic profit growth means company bosses' pay is unlikely to rise as fast this year as in 2010, but complaints from politicians and disgruntled shareholders over executive rewards are not going away.
The European Central Bank kept interest rates at 1.5 percent as expected on Thursday, but may signal it is back in crisis mode at its upcoming news conference as the euro zone debt crisis continues to roil the bloc.
Deutsche Telekom is on track to meet its 2011 targets, it said on Thursday, despite a poor performance in the United States, continued economic weakness in southeastern Europe and sluggish growth in Germany.
Euro zone sovereign bond markets steadied on Thursday ahead of a crucial European Central Bank policy-setting meeting that investors hope will signal a more aggressive approach to fighting the currency area's debt crisis.
Deutsche Telekom said it was on track to meet its targets after the group's second quarter profit was hit by restructuring charges mainly for staff in Germany.
Authorities said on Wednesday they have dismantled an online bulletin board allegedly used by 600 people around the world to trade graphic images and videos of child sex abuse.
U.S. authorities said on Wednesday they have dismantled an online bulletin board allegedly used by 600 people around the world to trade graphic images and videos of child sex abuse.
U.S. officials called it the largest prosecution of people who participated in an online child exploitation enterprise operated for the purpose of promoting child sexual abuse, disseminating child pornography and evading law enforcement.
NASA's Dawn spacecraft snapped photos of the image and shows the stark difference between Vesta's day and night.
The world's economy moved closer to stagnation last month as firms in Asia and Europe reined back in the face of an ongoing debt crisis and signs of a new U.S. slowdown, business surveys showed on Wednesday.
Can Google+ emerge as the winner of the so called "social media war?" A clear-cut answer to this question is not possible to give as of now. But one thing, which is very impressive about this new social network, is that it is growing much faster than its rivals like Facebook, Myspace and Twitter.
Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
European Council President Herman Van Rompuy may get an enlarged role as coordinator and spokesman for the euro in an effort to impose greater policy discipline in the single currency area, EU sources say.
World stocks hit a two-week low on Tuesday as markets' focus turned back to weak global growth prospects and the euro zone's debt troubles after a U.S. budget deal that will knock more than $2 trillion off public sector spending in coming years.
Metro , the world's No.4 retailer, said risks to its 2011 profit target had grown as the global economic recovery falters and shoppers fret about the European debt crisis and higher food prices.
South Korea spent more than a billion dollars in its first gold purchase in more than a decade, as uncertainty about global growth and sovereign debt push central banks around the world to diversify foreign reserves.
