Roche bullish on markets, ups flu drug capacity
Swiss drugmaker Roche gave a bullish forecast for the next two years on the back of its $47 billion acquisition of Genentech and said it would expand capacity for H1N1 flu drug Tamiflu.
World stocks near 9-month high on upbeat earnings
World stocks rose close to the previous session's nine-month high and oil edged up on Thursday as forecast-beating earnings from major firms raised expectations for a global economic recovery. Swiss bank Credit Suisse's higher-than-expected second-quarter profits and drugmaker Roche's bullish two-year forecast followed solid reports in the United States from Apple and Starbucks on Wednesday.
Hyundai posts record profit in Q2, outlook strong
Hyundai Motor Co's quarterly profit jumped by nearly half to a record high thanks to a weaker won boosting offshore sales and government incentives at home, factors which should help it outperform rivals this year.
Asia stocks hit 10-month high on earnings, growth
Asian stocks climbed to a 10-month high on Thursday led by energy shares, though some investors wondered if upward momentum from corporate earnings reports justified increasingly pricey valuations.
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Amazon.com buying shoe seller Zappos for $928 million
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Verizon Wireless proposes roaming rule change
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Bristol-Myers to buy Medarex for $2.4 billion
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Wall St. seeks sunny forecasts in solar earnings
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
Chrysler says dealer legislation could force liquidation
Chrysler Group could again face the prospect of liquidation if legislation aimed at reversing its decision to terminate contracts with 789 dealers becomes law, a company executive said on Wednesday.
Obama says healthcare crucial for economy
U.S. President Barack Obama said on Wednesday a broad healthcare overhaul was critical to an economic recovery and promised to push a reform package through Congress this year despite growing doubts about the plan, even among fellow Democrats.
Amazon buying shoe seller Zappos
Amazon.com made an aggressive move to grab market share in shoes and apparel on Wednesday, announcing a deal to buy online shoe retailer Zappos.com Inc for $927.9 million, mostly in stock.
Drug companies post solid results
Three of the world's biggest drugmakers posted better-than-expected quarterly earnings on Wednesday and gave bullish forecasts for the rest of the year, demonstrating the industry's resilience in the weak economy.
Bernanke fights for Fed independence
Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.
Chinese government boosts domestic solar power projects
The Chinese government started a pilot program to provide technological support, subsidies and market pull to solar-power projects, aiming to boost the solar industry as a new growth point for the country's economy, state news agency Xinhua reported on Tuesday.
Forex Daily Commentary - 23/07/2009
The Australian Dollar opens largely unchanged at 0.8160 after the domestic market's insipid reaction to yesterday's local inflation data which picked up in the June quarter by 0.5 per cent for a lower annualised reading of 1.5 per cent.
Delta drops profit forecast, Southwest debt rating cut
Delta Air Lines Inc , the world's biggest carrier, said on Wednesday it no longer expects to make money this year and Southwest Airlines Co's debt fell to near junk, while AirTran Holdings turned a profit and saw its shares jump 10 percent.
Michael Jackson's doctor should not be targeted as criminal: attorney
Michael Jackson's personal physician Dr. Conrad Murray should not targeted as criminal, attorney Edward Chernoff said late Tuesday on his law firm's website.
Loan losses drag on Wells Fargo, other big banks
Wells Fargo & Co and other major U.S. banks said the troubled economy drove big increases in loan losses, reducing second-quarter earnings.
California budget hits snag over prisoner releases
Republican lawmakers in California have threatened to scuttle a budget deal secured by the governor and top lawmakers over a plan for prison spending cuts, but Democrats said on Wednesday a vote on the agreement will take place this week.
Man charged with giving al Qaeda NY transit data
A U.S. man has been charged with giving al Qaeda details about the New York City transit system and the Long Island Railroad, as well as firing rockets on U.S. troops in Afghanistan, according to court papers unsealed on Wednesday.
U.S. economy improving, health reform key: White House
The U.S. economy is no longer on the brink of disaster but recovery will be slow and the jobless rate will remain stubbornly high in coming quarters, White House Budget Director Peter Orszag said on Wednesday.
Central banks cautious on credit, U.S. banks disappoint
Japan hinted on Wednesday it might do more to ease credit and Britain awaits more data before doing the same, while disappointing earnings from Morgan Stanley and Wells Fargo tempered optimism Wall Street can extend its recent rally.
Buyers of bad debt bide time as U.S. consumers fret
The worst is yet to come for debt-laden, cash-strapped and increasingly jobless U.S. consumers.
U.S. drug agents raid Jackson doctor's office
U.S. drug enforcement agents and Los Angeles police on Wednesday raided a Houston clinic owned by Conrad Murray, the doctor who was with pop icon Michael Jackson when he died, searching for information on the singer's use of the anesthetic, propofol.
Israel's Pitango eyes $100-200 million China fund: sources
Israel's venture capital giant Pitango plans to team up with a Chinese partner to launch a $100-$200 million fund with investment focus on China's start-up companies, sources said on Wednesday.
Beijing government backs BAIC's bid for overseas assets
The Beijing municipal government will fully support a bid by Beijing Automotive Industry Holding Corp (BAIC) for Ford Motor's Volvo car unit if the Chinese automaker fails in its current quest for General Motors' Opel, sources said on Wednesday.
Bernanke fights for Fed independence, consumers
Federal Reserve Chairman Ben Bernanke on Wednesday fought hard to protect the independence of the U.S. central bank and keep responsibility for consumer protection on financial products in its hands.
GE Capital pulls back from debt program
General Electric Co has received approval to step back from a U.S. government-backed debt program, a change that the largest U.S. conglomerate said will allow it to issue some debt more cheaply.
Fitch says CIT rating to be downgraded on debt purchase
The ratings of embattled U.S. lender CIT Group will be downgraded to restricted default if it completes its offer to purchase its floating rate notes due in August, Fitch Ratings said on Wednesday.
Kicking the habit in pregnancy better for babies
Moms-to-be who smoke but quit early in pregnancy can sharply reduce their risk of having a premature or too-small baby, new research in the journal Obstetrics & Gynecology shows.
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