U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
AMB Property Corp has struck a deal to acquire rival ProLogis in one of the biggest real-estate deals since the financial crisis, creating the largest U.S. owner of warehouse and distribution centers.
Twenty-five people have been arrested for trespassing during a protest demonstration outside of a retreat where the secretive billionaire Koch brothers held an assembly for conservative elected officials, political donors and strategists.
Chrysler Group LLC, the automaker managed by Fiat SpA, reported a net loss for the fourth quarter and projected profits in 2011, the year it plans to go public.
Facebook expanded its shopping discount service to five European countries and Canada on Monday, part of its push to help brands communicate with its users.
U.S. biotechnology company Genzyme Corp and Sanofi-Aventis have executed a nondisclosure agreement, effectively giving the French company the ability to examine Genzyme's books as they continue talks on a possible merger.
U.S> stocks, led by AMD and Exxon Mobil, are up slightly today
Shares of coal miner Massey Energy surged 13 percent in premarket trading on Monday, the first trading day after rival Alpha Natural Resources agreed to buy it in a $7 billion deal.
Neiba scrapes out a meagre income selling soil-caked clumps of wild garlic she picks in the forests of Russia's poorest province -- an occupation a growing Islamic insurgency has made increasingly hazardous.
Google's Android dethroned Nokia's Symbian as the most popular smartphone platform in the last quarter of 2010, ending a reign that began with the birth of the industry 10 years ago.
U.S. stocks were little changed on Monday as merger activity and solid earnings, including Exxon Mobil, offset concerns about the possible spread of unrest in Egypt to other parts of the Middle East.
CNOOC Ltd will pay $1.3 billion in its second shale deal with America's Chesapeake Energy Corp , the latest move by China's top offshore oil producer in its aggressive drive for overseas acquisitions.
U.S. stocks rose on Monday on strong earnings and merger activity, overshadowing concerns about the possible spread of unrest in Egypt which had caused a sharp selloff in world stocks on Friday.
A sharp debate rages among top U.S. lawmakers on ways to create new jobs and deal with rising federal government deficits, with limited cuts on one side and bigger cuts on the other.
Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study.
U.S. biotechnology company Genzyme Corp and Sanofi-Aventis have executed a nondisclosure agreement, effectively giving the French company the ability to examine Genzyme's books as they continue talks on a possible merger.
Chrysler Group LLC, the automaker managed by Fiat SpA, reported a $199 million net loss for the fourth quarter on Monday and it expects to be profitable in 2011, the year it plans to go public.
U.S. stock index futures were little changed on Monday as the potential for spreading geopolitical tremors in the Middle East caused investors to exercise caution.
Hedge fund manager Bruce Berkowitz, the second largest stakeholder in American International Group, is bullish on both AIG and its spinoff AIA.
U.S. consumer spending rose more than expected in December to post the sixth straight month of gains as households drew down on their savings to fund purchases, government data showed on Monday.
China will permit designated banks to trade yuan/foreign currency swaps on behalf of their clients from March 1, the country's foreign exchange regulator said.
