Bright Food Group Co., the second-largest food company in China, said Thursday it would buy a 60 percent stake in British cereal maker Weetabix Ltd. as it seeks to expand in foreign markets.
U.S. 30-year fixed-rate mortgages fell to a new record low of 3.84 percent in the week ending May 2, following subdued economic data, mortgage financier Freddie Mac said Thursday.
The 50th annual National Day of Prayer is upon us, and President Barack Obama has asked the U.S. faithful to collectively summon their religious zeal, praying for the greater good of the nation and the world. Here are five things that may slip your mind when asking for the benevolence of your Lord.
European Union finance ministers failed Thursday to hammer out new global banking regulations, highlighting the resistance regulators on both sides of the Atlantic face as they push for tougher banking rules to ensure banks won't spark another great recession, as they did in 2008.
U.S. markets went into a sustained slide after a private data release suggested growth in the services sectors was slowing down considerably.
Asia is doubling the size of its foreign currency reserve safety net to $240 billion, finance ministers and central bank officials announced Thursday following a 13-nation meeting in Manila. The reserve funds a multilateral currency swap agreement aimed at protecting Asian markets from global economic crises.
Nonfarm productivity fell in the first quarter as companies hired more workers to maintain output, but a moderate rise in wages suggested little pressure on company profits and inflation.
Fewer Americans than expected filed for jobless benefits last week, which came as a welcoming relief as investors held their breath and waited for Friday's jobs report numbers to come out.
The European Central Bank held its main interest rate at 1.0 percent on Thursday as stubborn inflation offset pressure to loosen borrowing costs further to support the weak eurozone economy.
The companies whose shares are moving in pre-market trade Thursday are: Transocean, Whole Foods Market, Smith & Nephew, Salesforce.com, Intel Corp, Green Mountain Coffee Roasters, Delhaize Group, Novatel Wireless, Skullcandy, Limited Brands and Safeway Inc.
Asian stocks fell Thursday as weak economic data from the Eurozone and the US raised concerns over the strength of global economic recovery.
Futures on major U.S. indices point to a higher opening on Thursday ahead of economic data including weekly jobless claims.
Asian stock markets declined on Thursday as weaker-than-expected economic reports from the US and Europe dampened investor sentiment.
BMW, the world?s largest maker of luxury vehicles, reported Thursday 19 percent rise in earnings in first quarter compared to the same period last year.
Scott Forstall, The Apple senior vice president of iOS software, just scored a $38.7 million payday, according to an SEC filing cited by Fortune Magazine. Forstall, 42, recently cashed in over 64,000 company shares, which netted him close to $40 million.
A disappointing ADP Employer Services jobs report issued Wednesday, which showed a still-sluggish U.S. job market, drove U.S. and European markets down and signaled that a key report on employment at the end of the week could be grim.
Hiring in the U.S. probably picked up somewhat in April after a disappointing showing in March renewed fears of another spring slump in the labor market, economists said in anticipation of the April non-farm payroll report due Friday.
Sanduk Ruit and his team of doctors at the center have developed a simple surgical technique to remove cataracts involving little equipment and instruments that can be used manually. No stitches are needed, and the technique can be used on a simple table in field camps.
Dragged down by a precipitous slump in demand for civilian aircraft, U.S. factory orders dropped at the highest rate in three years during March, data released by the Commerce Department Wednesday morning showed.
Euro zone manufacturing shrank at the sharpest level in nearly three years, sending the euro falling against the dollar and raising more concerns for the region.
Germany's jobless rate edged higher last month on a seasonally adjusted basis after touching a post-reunification low in March, data showed on Wednesday, reviving concerns about the resilience of the German economy to the euro zone crisis.
The U.S. private sector added far fewer jobs than forecast in April, ADP reported on Wednesday, giving the market a pause as it awaits Friday's government employment report.
The U.S. private sector added just 119,000 jobs in April, ADP announced on Wednesday in its monthly report -- substantially below the Bloomberg News consensus estimate of 183,000.
The companies whose shares are moving in pre-market trade Wednesday are: Protalix BioTherapeutics, Charming Shoppes, Tripadvisor, Genworth Financial, Wynn Resorts, UBS AG, Herbalife, CBS Corp, Patni Computer Systems and Chesapeake Energy Corp.
Futures on major U.S. indices point to a lower opening on Wednesday as investors awaited data on the U.S. private sector jobs market from payroll processing firm ADP.
Asian stock markets ended higher on Wednesday as upbeat U.S. manufacturing data eased worries that the world's biggest economy had lost momentum at the start of the second quarter.
The Asian stock market advanced on Wednesday as sentiment was buoyed following the release of improved manufacturing data in both the U.S. and China.
Swiss banking giant UBS reported on Wednesday that its profit for the first quarter declined 54 percent from the same period last year after being affected by charges on its debt.
The Dow Jones Industrial Average closed at the highest level since December 2007, lifted by a better-than-expected national manufacturing report that provided a welcome relief from a slew of disappointing regional manufacturing measures.
The news of the day centered on a better-than-expected U.S. manufacturing report for April, which sent ripples across the markets, boosting stocks as investors moved away from bonds and giving a bump to the dollar and crude oil. Investors are hoping this good news will be matched in Friday?s April U.S. jobs report.
