China's first aircraft carrier -- which attracted worldwide attention among fears that the second-largest economic powerhouse in the world is rapidly bolstering its military powers -- set sail on Wednesday for its sea trial.
The words 'pensioner's paradise' might no longer a reality for many elderly people as most pension schemes are losing sheen. The final salary based-pensions that are indirectly dependent on the stock market might go for a toss and keep the pensioners at bay due to the sharp fall in the markets.
HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe's top bank streamlines its mammoth operations.
Sunken aircraft and shipwrecks from World War II era provide recreational diving sites, as well as habitat for marine species, NOAA said in a statement.
The Swiss National Bank said on Wednesday it would significantly boost Swiss franc supply in coming days and conduct swap transactions to counter a new jump in the safe-haven currency, but it stopped short of direct intervention.
China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
China Mainly Blames US and India For 500,000 Cyberattacks Last Year
HSBC is selling its $30 billion U.S. credit card arm to Capital One Financial Corp for a premium of $2.6 billion, as Europe's top bank streamlines its mammoth operations by getting rid of unwanted businesses.
World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.
An American spy novelist is disputing the details of the raid that took down the world's "Most Wanted" terrorist leader Osama bin Laden
China's exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at least a year, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.
HSBC Holdings plc has agreed to sell its U.S. credit card and retail services unit to Capital One Financial Corp for a premium of about $2.6 billion, as Europe's top bank streamlines its mammoth operations by shedding non-core businesses.
BHP Billiton , the world's biggest miner, expects weak growth on both sides of the Atlantic to persist for many years as Europe and the United States deal with their debt crises, heightening the reliance on China's fast-growing economy.
Apple Inc on Tuesday surpassed Exxon Mobile Corp, if only briefly, to become the most valuable company in the United States. With a market cap of almost $342 billion, Apple's sales have been increasing 80 percent a year, coupled with even faster profit.
Missouri River, upper Mississippi River and groundwater are the major sources of nitrate in the Gulf of Mexico, adding to the dead zones formed from BP oil spill in April 2010.
Brent crude rose $3 on Wednesday after the U.S. Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
Facebook is joining forces with California prison officials to disable accounts that belong to inmates which are found to be updated while they are being incarcerated.
The United States could launch a new round of quantitative monetary easing, China's top economic planner said on Wednesday in a statement addressing the country's future inflation risks.
Global oil demand will grow less than previously projected this year, according to forecasts on Tuesday from the U.S. and OPEC, as a worsening economic outlook will curb consumption in developed countries.
Wall Street economists see odds of around one-in-three the United States will slip back into recession, heightening expectations the Federal Reserve will launch another round of unconventional credit easing.
Brent crude rose $2 on Wednesday after the Federal Reserve's promise to extend near-zero interest rates for two more years weighed on the dollar and helped reverse a steep slump in oil.
SunPower Corp on Tuesday lowered its 2011 profit outlook but backed its revenue and gross margin forecasts, saying demand for solar panels is strong after a tumultuous first half of the year.
