The United States pressed China on Friday to move toward a market-based exchange rate, but Beijing said not to meddle with its management of the yuan, setting the stage for a clash at next week's G20 summit.
Raising the price of sugary soft drinks will likely prompt thirsty consumers to seek out cheaper, healthier beverages, U.S. researchers said on Thursday.
U.S. stocks were little changed on Friday as energy shares gained modestly and investors took a breather from the financial crisis in Europe.
With the U.S. team playing in the World Cup tournament, Wall Street traders are taking advantage of mediocre volume to focus on the games, with trading floor atmosphere anything but dull.
Ford Motor Co is counting on a leaner and greener makeover of its Explorer to find new buyers for a once hot-selling sport utility vehicle that powered the automaker's profits a decade ago.
Borders Group Inc Chief Financial Officer Mark Bierley is taking on the additional role of chief operating officer, the latest change to the U.S. bookseller's upper management ranks.
Stocks were little changed on Friday as energy shares gained modestly and investors took a breather from the financial crisis in Europe.
Borders Group Inc Chief Financial Officer Mark Bierley is taking on the role of chief operating officer, the latest change to the U.S. bookseller's upper management ranks.
Cubans' ability to communicate with one another and the world remained well below the norm for the Caribbean and Latin America in 2009, according to a government report released this week.
The United States pressed China on Friday to move toward a market-based exchange rate but Beijing said not to meddle with its management of the yuan, setting the stage for a clash at next week's G20 summit.
BP CEO Tony Hayward may cling on after Thursday's mauling by U.S. lawmakers over the Gulf of Mexico oil spill, investors and analysts said, while chairman Carl-Henric Svanberg looked less secure.
CVS Caremark Corp and Walgreen Co ended an 11-day standoff over reimbursements for drug prescriptions, saving a relationship worth billions of dollars and lifting shares of the two biggest U.S. drugstore chains.
The euro held near a three-week high against the dollar on Friday, heading for its biggest weekly gain in more than a year as investors debated the single currency's outlook while awaiting results of European bank stress tests.
Gold rallied to a record high above $1,260 an ounce on Friday as momentum triggered by buying of the metal as a haven from sovereign and financial risk pushed prices through technical resistance.
Communications authorities on Thursday took a small but significant step toward regulating high-speed Internet in a bid to reclaim oversight, setting the stage for an eventual legal showdown with industry heavyweights.
U.S. stocks rose on Friday and were set for back-to-back weekly gains as investors braced for volatility ahead of the expiration of stock options.
BP shares gained in London on Friday after its boss survived a bruising encounter with U.S. lawmakers and as hopes rose its $20 billion oil spill compensation and clean-up fund will cap public anger.
CVS Caremark Corp and Walgreen Co ended a fight over reimbursements for drug prescriptions, saving a relationship worth billions of dollars and lifting shares of the two biggest U.S. drugstore chains.
The euro held near a three-week high against the U.S. dollar on Friday, heading for its biggest weekly gain in more than a year as results of Spain's bond auctions eased worries about the European debt crisis.
China told the rest of the world on Friday not to meddle with the way it manages the yuan, setting the stage for a clash with its biggest trading partners at next week's G20 summit.
President Barack Obama raised the prospect of a clash with China at a summit next week by calling for market-determined exchange rates, shortly after Beijing told the world not to criticize its currency policy.
Stocks were set to edge lower at the open on Friday, following a late Wall Street rally, as investors positioned for the expiration of futures and options contracts.