Asian markets fell Thursday on increasing concerns about the debt crisis looming over the euro zone as national leaders were unable to present specific steps to overcome the situation in Europe.
U.S. stocks cut losses late in Wednesday's trading session, with two key indexes barely squeaking into positive territory on the strength of surging commodities prices and the shares of companies that produce them.
As soils, freshwater, oceans, forests and biodiversity are being rapidly degraded and climate change puts more pressure on the resources, it is time to rethink how we grow, share and consume our food.
According to a new report from the Global Business Travel Association, 12- to 15-hour flights to China may soon become the norm for U.S. and European business travelers.
U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.
Because they report quarterly results generally out of the regula,r pattern technology giants Cisco Systems (Nasdaq: CSC), Hewlett-Packard Co. (NYSE: HPQ) and Dell (Nasdaq: DELL) are technology bellwethers. Do their dismal dismal forecast presage downturn?
Japanese restaraunt chain Benihana Inc. (Nasdaq: BNHN) has agreed to be taken private and sold to Angelo, Gordon & Co.'s private equity group for around $296 million after profits fell in the past year because of increased costs.
The World Bank lowered on Wednesday its 2012 China growth forecast to 8.2 percent from 8.4 percent on faltering demand for exports in the U.S. and Europe and a slowdown in the Chinese real estate market. The bank urged the entire region to focus on spurring domestic demand and reduce its dependence on exports.
General Mills Inc. (NYSE: GIS), the maker of Cheerios cereal and Pillsbury pastries, said Wednesday it will cut 850 jobs to cut costs in the face of rising food prices.
Sales of new single-family homes in the U.S. rose more than expected in April and prices climbed higher, signaling fresh signs of life in the distressed housing market.
European consumers are tightening the purse strings as their confidence in the region's economy continues to fade amid concern that the recession may worsen.
Investors on Wednesday eagerly snatched up a new two-year German bond with a zero-percent coupon, meaning investors were willing to pay to loan money to Europe's strongest economy when expected inflation is factored in. The yield ended at 0.07 percent.
Asian, European and U.S. stocks fell hard Wednesday on rising fears and uncertainty about a possible Greek exit from the euro zone as well as concerns over slowing economic growth.
The Delhi High Court Wednesday issued a contempt notice to the striking Air India pilots for not complying with its previous order restraining them from continuing with the strike.
Among the companies whose shares are moving in pre-market trading Wednesday are: Ares Capital Corp, Alcatel Lucent, FreightCar America, Jive Software, Dell Inc, Renren Inc, BlackRock, Alcoa and Facebook Inc.
The Swiss parliament debated Tuesday whether to create a gold-backed national coin to float in parallel with the Swiss franc, becoming the first national legislature in decades to consider issuing a currency based on a commodity.
Futures on major U.S. stock indices point to a lower opening Wednesday ahead of new home sales data for April and a European Union summit.
Market sentiment continued to be negative as a report quoting former Greek prime minister Lucas Papademos stated that Greece was considering preparations to leave the euro zone. Greece will hold fresh elections June 17.
Asian stock markets declined Wednesday as renewed concerns of Greece's probable exit from the euro zone dampened sentiment.
The U.S. economy will likely dip into another recession in the first half of 2013 if planned tax increases and spending cuts are allowed to go into effect in January, the Congressional Budget Office said.
Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiabao said last weekend his government would focus more on growth than inflation.
The G8 leaders also said that it is ?our imperative to promote growth and jobs?.
AAA projects 34.8 million Americans will travel 50 miles or more from home during the 2012 Memorial Day holiday weekend, but most are still concerned about their budget.
The UK government may have made illegal promises to General Motors Co. (NYSE: GM) to shift production of the Astra compact car to its Opel/Astra plant in England from locations in Germany, reports said.
U.S. sales of previously owned homes rose 3.4 percent in April, reversing three months of declines and suggesting a stabilization of the housing market, the National Association of Realtors said Tuesday.
U.S. home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery.
Bombay Stock Exchange's benchmark Sensex fell Tuesday by more than 145 points, or 1 percent, as the rupee tumbled to a record low of 55.39 against the dollar.
Futures on major U.S. stock indices point to a slightly lower opening Tuesday ahead of existing home sales data that are expected to show a rise in April sales.
Portuguese investment bank Espirito Santo has downgraded Indian bio-technology major Biocon from neutral to sell based on several issues, including accounting practices which the bank says are objectionable.
Asian markets rose Tuesday as China promised to spur growth and France and Germany agreed to prevent Greece from exiting the euro zone.
