General Motors on Wednesday said its US auto sales in November rose 11.4 percent over last year led by a balanced contributions from Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks.
Japan's Nikkei share average hit a five-month high and the euro stayed within sight of overnight highs on Thursday ahead of a European Central Bank meeting that investors speculate could yield new measures to contain the euro zone's fiscal crisis.
Hershey Co., producer of Reese's chocolate candies, has filed a lawsuit against Mars Inc., complaining that the wrapping of the latter's Dove line of peanut butter and chocolate bars copy its packaging.
Stocks rallied sharply on a slew of good economic data, including jobs, productivity and regional growth.
A presidential commission trying to balance the budget on Wednesday softened a proposed tax overhaul to win broader support for its bold plan to slash the $1.3 trillion federal deficit.
Del Monte Foods, one of the country's largest producers, distributors and marketers of branded food and pet products for the U.S. retail market, has agreed to be acquired by an investor group led by private equity firm Kohlberg Kravis Roberts (KKR) for $5.3 billion, including debt.
A U.S. district court jury has returned a verdict that business software maker SAP AG has stolen software from rival Oracle Corp. and must pay the latter $1.3 billion in damages.
The wireless network provider says the new network will be 10 times faster than 3G.
The full-text of the speech given by Fed Vice Chairman Janet L. Yellen at the Committee for Economic Development 2010 International Counterparts Conference in New York on Dec. 1, 2010
The U.S. economy continued to improve, on balance, during the period from early/mid-October to mid-November, according to the Federal Reserve’s “Beige Book,” a compendium of economic reports from the central bank’s twelve districts.
Groupon announced a handful of deals on Wednesday to expand its presence in Silicon Valley and in Asia, as Google Inc remains in talks to acquire the online discount coupon provider.
Decades ago, the United States had a huge competitive edge over the rest of the world. However, that advantage is slipping away and so are American jobs.
Among the many juicy tidbits revealed by the recently published Wikileaks documents were Bank of England chief’s Mervyn King’s concerns about Prime Minister David Cameron’s inexperience.
The U.S. government had been secretly sheltering Nazi war criminals for several years and has clashed with other nations over their fate, a 600-page report, which the Department of Justice has tried to keep hidden from the public, reveals.
U.S. stocks rallied in early trade on Wednesday as strong data on private payrolls, and better-than-expected manufacturing reports from China and Europe buoyed sentiment.
Spot Gold touched a near 3-week high for Dollar investors above $1396 per ounce in London trade on Wednesday, but slipped back from new record highs in Euros and Sterling as the US currency dipped on the forex market.
The founder of the controversial whistleblower website, Wikileaks, has been placed on Interpol’s international wanted persons list, the international police organization announced today.
U.S. online retail sales on Cyber Monday hit an all-time high and surpassed $1 billion for the first time for any single day of web shopping, according to research firm comScore Inc.
Consumers spent $1.028-billion online during Cyber Monday, up 16 percent from a year ago, and first time such spending surpassed the billion-dollar level. It was also the busiest online shopping day ever.
Apple has been accorded a U.S. patent that related to a technology that allows multiple users to view 3D images on a screen sans a 3D glass.
No central bank ever began a hyper-inflationary policy because it feared inflation. Such disasters always come because of vanished credit and economic depression. And whether in Germany nine decades ago, or in Argentina twenty years back, or in Robert Mugabe's Zimbabwe around the turn of this century, stuff actually gets cheaper - not more expensive - in real terms during hyperinflation.
Verizon Wireless, the nation's largest wireless carrier, is set to unveil details about its plan to launch its LTE 4G wireless networks in the United States.
