The International Monetary Fund lowered its outlook for global growth in 2008 and predicted a modest U.S. recession on Tuesday, citing pressure to housing and financial markets.
The U.S. Food and Drug Administration reported newly yesterday that 62 people have died due to allergic reactions and low blood pressure caused by the blood thinner heparin.
Where Have All the Drivers Gone?
Does it seem like there are fewer cars on the highway this year? The recent trend in motor gasoline consumption would appear to indicate so. Gasoline consumpti...
Gold futures gained 2 percent on Wednesday as crude oil soared to a new record while a weaker U.S. dollar boosted investors demand for the precious metal.
Treasury prices rose on Wednesday as stocks fell and the financial sector showed additional signs of trouble.
Corn advanced on Wednesday following reports from the U.S. Department of Agriculture that forecasted pre-harvest inventories in the U.S. to fall more than expected as demand for livestock feed and ethanol increases.
Crude prices rose to $111 on Wednesday as the government reported crude, gasoline and distillate fuel stockpiles in the U.S. dropped larger than expected last week.
U.S. stocks dropped for a second day on Wednesday after United Parcel Service Inc. said shipments are slowing and crude oil topped $111 a barrel raising concerns about the economy.
The dollar fell against the euro on Monday ahead of tomorrow's interest rate decisions from European central banks and ratings downgrades for four U.S. mortgage insurers.
Entertainment Rights Plc, owner of the rights to Postman Pat and Basil Brush has reported a booming year with annual profits for 2007 up 45 per cent to £12.6 million.
Shares of Citigroup rose in early trading on Monday after reports yesterday said the largest U.S. bank by assets was close to selling about $12 billion in leveraged loans and bonds to a group of private equity companies.
Japan stocks dropped Tuesday as investors began to raise fears about global economy and situation of Beijing Olympic. Also some investors sold stocks for profit-taking before earnings season. Many investors expect results of Japan and U.S. companies' quarterly earnings will not be so profitable.
Konica Minolta Business Solutions USA Inc., a unit of Tokyo-based Konica Minolta Holdings Inc., said Tuesday it has agreed to buy a subsidiary of Danka Business Systems PLC, in a deal valued at $240 million.
Two-year treasuries rose on Tuesday after released minutes from the Federal Reserve showed policy makers' view that a recession is likely in the first half of the year.
Copper futures in New York ended falling as U.S. housing data and higher prices rose concerns about lower demand and as the dollar rallied.
By Jon A. Nones
SEATTLE (ResourceInvestor.com) The Executive Board of the International Monetary Fund has endorsed a new package of measures to shore up finances, which includes the previo...
Apple saw its shares fell on Tuesday as one Wall Street analyst called investors to sell their shares of the popular electronics maker.
The dollar was flat against the euro in late trading on Tuesday after a slight decline earlier in the session following the released minutes from the Federal Reserve's policy meeting last month.
Many Chinese have heard of the iPhone and would wish to have one but can't afford its high price, according to a new study.
Fox International Channels, News Corp.'s pay television unit outside the U.S., acquired a 56 percent stake in European online video advertising network Utarget in an effort to increase its international ad revenue.
Bristol-Myers Squibb Co. agreed today to pay $5 million plus royalties to Repligen Corp. to settle a patent infringement lawsuit for a rheumatoid arthritis treatment.
Wheat advanced following reports that Pakistan will produce less grain than forecasted due to high fertilizer costs that prompted farmers to reduce planting.
