Private equity firm Blackstone Group's chief executive said the worst of the industry's problems were behind it, and dealflow and IPO opportunities were opening up again.
The U.S. dollar plumbed a 14-month low against the euro on Wednesday, sending gold prices to record highs and pushing up oil for a fifth day to a 2009 high of $75.12 a barrel.
Luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags, leather goods and snoods, adding to signs of a consumer recovery and lifting its shares to a 21-month high.
Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.
British luxury goods group Burberry beat second-quarter revenue forecasts, helped by demand for handbags and leather goods, and signaled an improvement in some second-half revenue trends.
Private equity firm Blackstone Group's chief executive said the worst of the industry's slump is behind it, and dealflow and IPO investments are opening up again.
Oil surged for a fifth day on Wednesday to a 2009 high of $75.12 a barrel, boosted by a weak dollar and surprisingly strong China trade data that underscored a recovery in the world's second-largest oil user.
Major U.S. banks and securities firms are on track to pay employees about $140 billion in total compensation and benefits this year, the Wall Street Journal said, citing an analysis of securities filings for the first half of 2009 and revenue estimates through the end of the year.
The U.S. dollar struck a 14-month low against the euro on Wednesday, sending gold to record prices and pushing oil past the 2009 high of $75 a barrel and on track for a fifth day of gains.
The U.S. dollar struck a 14-month low against the euro, keeping oil prices on track for a fifth day of gains on Wednesday near the 2009 high of $75 a barrel and sending gold to a record high.
AT&T, the No. 2 U.S. wireless provider, has won U.S. antitrust approval to buy Centennial Communications Corp on the condition that it sell assets in parts of Louisiana and Mississippi, the U.S. Justice Department said on Tuesday.
Oil surged for a fifth day toward its 2009 high of $75 a barrel, boosted by a weak dollar and strong earnings from Intel that pushed U.S. stock futures sharply higher.
Oil surged for a fifth day toward its 2009 high of $75 a barrel, boosted by a weak dollar and strong earnings from Intel that pushed U.S. stock futures sharply higher.
U.S. officials must figure out what to do about an economy that is growing yet not generating enough jobs before they can shift their focus to dismantling their multi-trillion-dollar rescue programs.
PepsiCo and Anheuser-Busch have agreed to jointly purchase goods and services, from computers to travel, in the United States in a move one expert called a first for large companies.
New York voters got a closer look at the top two candidates for the office of New York Mayor as incumbent Michael Bloomberg squared off against Comptroller William Thompson in their first of two debates.
The United Auto Workers and Ford Motor Co announced a tentative agreement on Tuesday with a no-strike provision and other concessions to bring its labor costs in line with U.S. rivals.
Cisco Systems Inc plans to buy advanced wireless equipment maker Starent Networks Corp for $2.9 billion to boost its product offerings as phone carriers build out next-generation networks.
Michael Jackson picked up five American Music Awards on Tuesday, almost four months after his sudden death turned him into the biggest-selling artist of the year, organizers said on Tuesday.
Cuba will not allow dissident blogger Yoani Sanchez to travel to the United States to receive a journalism prize, Columbia University said on Tuesday.
CSX Corp , the No. 3 U.S. railroad, reported a stronger-than-expected quarterly profit on Tuesday and said it believed the worst of the recession is likely behind us.
Two prospective jurors who wrote comments about wrongdoing and bending the rules on Wall Street were rejected by a U.S. judge on Tuesday for the trial of two former Bear Stearns Cos hedge fund managers on fraud charges.
