A leading indicator of U.S. nonresidential construction spending dropped to its lowest level in three months in August as developers continued to find it tough to finance new projects.
The dollar slid to a one-year low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
The dollar slid to a 13-month low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
South Korea's chemicals and electronic materials maker, LG Chem, will invest 3 trillion won ($2.5 billion) by 2018 in an LCD glass production facility, its parent group said on Wednesday.
Privately-held Finnish mobile software firm Flander said on Wednesday it has agreed to buy China's Symbio expanding its offering and creating one of the largest outsourced product development firms in the world.
The Aussie dollar roared higher yesterday having rallied almost 2% from its lows below 86 cents on Monday. Despite no local economic data released demand for the relatively high yielding AUD resurfaced following some better than expected data from across the Tasman. The New Zealand economic data saw Asian investors scramble to purchase both NZD and AUD against the Greenback, a theme that continued into early European trade. This morning sees the AUD open trade around its highs at 0.8730 having o...
Oil fell toward $71 a barrel on Wednesday, giving up some of its previous session gains of 2 percent, as an industry report showing a surprise build in U.S. crude oil stockpiles again stoked concerns over demand revival.
Bank of America Corp is reducing overdraft and other account fees for a broad swath of customer accounts in a two-stage process over the next year, the company announced late on Tuesday.
US TREASURIES rebounded slightly on Tuesday after strong demand from the US 2 year note auction offered support to the government securities complex. Overall trading was quiet ahead of Wednesday's FOMC meeting announcement and $40 billion US 5 year note auction. Traders are expected to be watching auctions further out on the yield curve with greater scrutiny.
Health insurers accused the U.S. Medicare agency on Tuesday of political interference in a battle over whether the industry can lobby its customers directly over healthcare legislation.
U.S. lawmaker Barney Frank is making key changes to the White House plan for an agency to protect consumers from risky financial products, according to a congressional document obtained by Reuters on Tuesday.
Google Inc's online news site experienced service disruptions for roughly two hours on Tuesday, in the second major outage to affect the company in a month.
The Congress' chief author of financial regulatory reform moved on Tuesday to kill the most controversial part of an Obama administration proposal for a new government watchdog for financial consumers.
The near collapse of the global financial system, which wiped out trillions in corporate value and personal savings, may be giving way to a new golden age for private equity investment, Silver Lake Co-CEO Glenn Hutchins said in an interview on Tuesday.
Bank of America has agreed to turn over more documents to a congressional probe of its purchase of troubled investment bank Merrill Lynch, although some company material remains under wraps for now, a senior lawmaker said on Tuesday.
Stocks rose on Tuesday, as investors bet the U.S. Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
The Federal Reserve opened a two-day meeting on Tuesday that was expected to end with a recognition the U.S. economy is on the mend, but no hint of an imminent monetary policy shift.
Health insurer WellPoint Inc is weighing more job cuts as it grapples with enrollment declines stemming from the weak U.S. economy, and looks to operate more efficiently next year.
Assessments President Obama's seven month old $787 billion economic stimulus package are now being proffered by think tanks who say it is too soon to make a determination and detractors noting tha ongoing job losses.
Stocks rose on Tuesday, as investors bet the Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
California's attorney-general sued Los Angeles money manager Stanley Chais on Tuesday, accusing the celebrity fund manager of funneling money into Bernard Madoff's $65 billion Ponzi scheme.
Global growth can no longer hinge solely on the U.S. consumer and a global economic recovery remains fragile, Canadian Prime Minister Stephen Harper told CNBC television on Tuesday.
Forget microchips.Silicon Valley sees a profitable future in the humble brick thanks to a low-energy production process that illustrates the greening of the U.S. technology capital.
Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money.
Yahoo Inc said it would kick off a $100 million branding campaign next week as the No. 2 U.S. Web company seeks to revive growth and redefine itself under Chief Executive Carol Bartz.
Wells Fargo & Co said on Tuesday former Chief Executive Dick Kovacevich will retire as chairman on January 1 and current Chief Executive John Stumpf will take on the added role.
Support grew on Tuesday for a U.S. plan to build a more balanced global economy and leaders warned against returning to business as usual once recovery takes hold.
Intel unveiled a new software platform to help usher in its vision of an electronic world where devices -- ranging from data servers to mobile handhelds -- will deploy familiar and easy to use interfaces , while expanding its reach to broader markets.
U.S. stocks rose on Tuesday, as investors bet that the U.S. Federal Reserve will stick to its accommodative policy to foster the economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.
U.S. prosecutors said on Tuesday that two former Bear Stearns Cos hedge fund managers facing trial on fraud charges are trying to impede the government's access to documentary evidence.
