A global sell-off in stocks that started in May is not over and may only be just starting, Abhijit Chakrabortti, global equity strategist at JPMorgan Chase & Co., said on Tuesday.
The month-long slide in global stocks has wiped out at least $2 trillion in wealth, leaving investors few alternatives to preserve their holdings aside from bonds and money markets.
Independent Norwegian oil firm DNO said Monday that preliminary testing of the Tawke #1 well in the Kurdish region of northern Iraq confirmed gross recoverable oil reserves of approximately 100 million barrels.
Federal Reserve officials kept up their tough talk on inflation on Monday, bolstering expectations in financial markets that another rate increase is on the way at the Fed's policy meeting later this month.
Online job site Monster Worldwide Inc. and four other companies on Monday disclosed investigations by U.S. authorities into executive stock options grants, widening a scandal that now involves some 40 companies.
Investment bank Lehman Brothers Holdings Inc. said on Monday its quarterly earnings rose, as revenue from trading and investment banking jumped.
Latin America's fixation with the football World Cup in the next month is likely to slow trade in the region but some wonder if it will be enough to dampen instability global markets.
Facing the loss of tens of thousands of unionized, blue-collar auto jobs in coming years, the head of the United Auto Workers on Sunday called for a more collaborative approach to the deep-seated problems facing the U.S. industry, including high health care costs.
Small cars were banned from Beijing's main roads less than a decade ago, as China's rulers worried that cheap, spluttering vehicles would clog lanes they hoped to fill with sleek modern autos.
Google Inc. is committed to doing business in China despite criticism the company has faced for abiding by Chinese government censorship restrictions, co-founder Sergey Brin said this week.
Just as it seemed that Wall Street would be heading into a foruth day of steep declines on inflation fears and higher interest rates across the globe, investors rallied Thursday to end the day nearly flat.
The first vaccine to prevent cervical cancer won U.S. approval on Thursday when health officials cleared a Merck & Co. Inc. shot to block a sexually transmitted infection that causes the deadly disease.
Sayaka Masuda's face was a picture of frustration when she realized she would have to buy a disposable camera in Kyoto, Japan's photogenic ancient capital.
U.S. stock market futures were drifting Wednesday on concerns the hangover from Federal Reserve's Chairman Ben Bernanke's hawkish interest-rate comments may linger, with seemingly little else on the economic or corporate news front to capture markets' attention.
U.S. stock futures pointed to a slightly higher market open on Wednesday, helped by upward momentum late in the previous session, but investors fretted about higher interest rates after a series of warnings about inflation from Federal Reserve officials this week.
Brookfield Properties Corp. said Monday that it will buy Trizec Properties Inc. and its Canadian investment arm in a $4.8 billion deal that pairs two of the largest commercial real estate companies in North America.
Istithmar Hotels, a Dubai government-owned firm, announced Monday that it had acquired the classic, Beaux-Arts style Knickerbocker Hotel in New York's Times Square for $300 million.
United Airlines' parent, UAL Corp., four months out of bankruptcy, must hone its focus on additional cost cuts or risk losing its advantage over airlines currently restructuring under court protection, industry experts say.
U.S. investors will watch next week to see if the latest employment numbers temper inflation expectations, without sharply dimming the outlook for corporate profit growth, giving stocks a chance to bounce back from May's sharp sell-off.
Leading UK shares closed higher on Friday but finished the week with a moderate loss as the market's recent choppy trading pattern, sparked by inflation and interest rate jitters, persisted.
Euronext's $10 billion tie-up with NYSE Group Inc. puts pressure on other exchanges to seek partnerships to catch up with what will be the world's largest financial marketplace, analysts said on Friday.
NYSE Group, Inc. and Euronext N.V. announced on Thursday that they will merge in a cash and stock trade deal worth about $10 billion to create the first trans-Atlantic stock exchange to be called NYSE Euronext.
