U.S. consumer confidence slipped to a nine-month low in August on inflation and job worries, while minutes of the Federal Reserve's policy meeting showed most officials thought inflation would ease in the months ahead.
The U.S. housing slowdown may threaten the biggest providers of loans, not just those catering to subprime borrowers.
Some 75 movie titles, including The Da Vinci Code and Chicken Little, will go on sale in Japan later this year using the next-generation Blu-ray DVD format.
Inco Ltd. on Tuesday urged shareholders to reject a C$19.35-billion ($17.4 billion) all-cash offer from Brazilian firm Companhia Vale do Rio Doce., and said it still backed a friendly offer from U.S.-based Phelps Dodge Corp.
German sports goods firm Adidas expects a turnaround in sales at U.S. subsidiary Reebok by the end of the year, a German magazine quoted the group's chief executive as saying.
Federal investigators are examining whether BP Plc manipulated crude oil and unleaded gasoline markets, according to a report in The Wall Street Journal on Tuesday that cited lawyers and traders close to the case.
Libya's leader has reprimanded the country over its over-dependence on foreign imports and oil. He has urged the economy to improve its manufacturing sector and increase productivity.
China will invest around $5 billion in energy projects in Venezuela by 2012 as part of a plan to boost Venezuela's oil output, the South American country's energy minister told state television on Monday.
Apple computer paid $100 million last week to settle a lawsuit where Creative Technology claimed that Apple's iPod music player infringed on Creative's patents.
U.S. Treasuries slipped slightly in Asia trade on Monday, pulling benchmark yields up from five-month lows, as many investors sat tight before a slew of data and speeches from Federal Reserve officials.
Central bankers and top academics departed here on Sunday after two days of discussions on how the global economic landscape is shifting.
With soaring gas prices making alternative fuels more attractive, ethanol - a grain alcohol made from a variety of crops including corn, sugarcane, barley and wheat - has become a popular alternative.
Government data and forecasts by companies are downbeat, and the sector has had a speculative, bubble-like growth which will take years to unwind, some investors said.
Wall Street's summer comes to a close next week with what could be a toxic mix for stocks: No major earnings, an overload of A-list economic data, a storm headed for the Gulf of Mexico and trading desks staffed with third-string dealers.
U.S. stocks edged higher on Thursday, with the S&P 500 getting a lift from the oil sector, but data showing a slowdown in new home sales hurt the shares of retailers and industrial companies.
Apple Computer Inc. will recall 1.8 million lithium-ion notebook PC batteries after nine overheated, the second major recall in the past 10 days involving battery cells made by Sony Corp..
Rising oil prices lifted European energy stocks on Friday while most financial markets were focused on an upcoming speech by U.S. Federal Reserve Chairman Ben Bernanke.
Britain's FTSE 100 index edged higher on Friday, led by mining companies as metal prices firmed and by banks on bid talk surrounding the sector.
Ask graphic designer Parker Weintz the time and he doesn't look to his wrist, he pulls a cell phone out of his pocket - and he's not alone.
NEW YORK
Apple Computer Inc. will recall 1.8 million lithium-ion notebook batteries after nine devices overheated, causing minor burns in two users, U.S. safety regulators said on Thursday.
New orders for U.S.-made durable goods excluding the volatile transportation sector rose more than expected in July and the number of workers seeking jobless benefits fell slightly last week, government reports showed on Thursday.
Singapore-based Creative Technology Ltd., the maker of Nomad and Zen MP3 players, said on Thursday that an agreement with Apple Computer Inc. to make accessories for the iPod would boost its sales from the October-December quarter.
