Sino-Forest seeks approval to sell or restructure
Sino-Forest Corp , a Toronto-listed Chinese forestry company accused of fraud, said on Friday it has agreed with some of its noteholders to put its embattled business up for sale.
More Trade, Still No Political Clout: An Expert's Take on the BRICS Summit
The BRICS nations met for a summit in New Delhi, where, among other subjects, they discussed the possible formation of a joint development bank, closer integration of their respective stock exchanges, energy security and ongoing tensions in the Middle East. But they still wield no power as a bloc, says an expert who has studied the BRICS phenomenon
Sino-Forest seeks approval for sale or restructure
Sino-Forest Corp has asked a Canadian bankruptcy court to approve an agreement providing for either the sale of the embattled Chinese forestry company to a third party, or a restructuring enabling note holders to acquire nearly all of its assets.
Investors stick with stocks as stellar quarter ends
Stocks bounced back from a string of declines on Friday, on track to close their strongest quarter in more than two years on a positive note.
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Latest Honduras Prison Fire A Testament To Overcrowding
Some 18 people were killed during a fire and riot in a Honduras prison on Thursday. The incident was the latest in a long string of similar incidents in Latin America, where overcrowded prisons sometimes lead to tragedy.
Consumer spending jumps but income growth tepid
Consumer spending increased by the most in seven months in February as households shook off a rise in gasoline prices, suggesting the economy may not have slowed as much this quarter as economists had thought.
Memo To Thorsten: Here's How You Can Rebuild RIM
Now that new RIM CEO Thorstein Heins has shown he's taking aggressive action, here are some more ways to turn RIM around.
Consumer sentiment highest in over a year
Consumer confidence rebounded to its highest level in 13 months at the end of March as optimism about jobs and income overcame higher prices at the gasoline pump, according to a survey released on Friday.
S&P turns negative
The S&P cut early gains to turn negative on Friday, putting it on track to extend a losing streak to four straight sessions.
Wall Street rises, on track for best quarter since 2009
Stocks rose modestly on Friday, rebounding after a string of declines with equities on track for their strongest quarter in more than two years.
Analysis: Brazil commodity exporters under friendly fire in currency war
In its latest bid to slow dollar inflows in a global currency war, Brazil has dealt an unexpected blow to its own commodity exporters, choking off medium-term trade financing at a vulnerable time for the sector.
Stock futures point to higher open on last day of quarter
Stock index futures pointed to a higher open on Friday after a string of declines, with equities on track for their strongest quarter in more than two years.
Goldman to take India charm offensive to Delhi
Executives of U.S. investment bank Goldman Sachs are due to take their Indian charm offensive to the capital, New Delhi, on Friday, sources said, after courting business leaders and holding their first annual board meeting in the country.
Stock futures up on last day of strong quarter
Stock index futures were higher on Friday as bargain hunters entered the market after a string of declines, putting equities on track to record their strongest quarter in more than two years.
Euro zone agrees 800 billion euro firewall: Austria
Euro zone finance ministers have agreed to boost the currency bloc's debt crisis firewall to roughly 800 billion euros ($1.06 trillion), Austrian Finance Minister Maria Fekter said on Friday.
Stock index futures slightly higher
Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.2 percent at 1007 GMT.
China's Alibaba tests social shopping with Pinterest clone
It is a marriage made in heaven for shopping addicts. Social shopping, the merger of social networking and e-commerce which has hooked millions of users in the United States, has now captured the attention of China's Internet giant.
Sun Hung Kai dives as billionaire Kwok brothers arrested
More than $5 billion was wiped off the market value of Sun Hung Kai Properties on Friday, after the billionaire owners of Asia's largest real estate developer were arrested on suspicion of corruption.
More U.S. clean tech IPOs come to market, amid skepticism
Two U.S. clean tech companies plan to go public on Friday, as executives and bankers increasingly bet that high energy prices and more proven technology will make investors forget the sector's recent flameouts.
Micron settles memory chip lawsuit with Oracle
Semiconductor manufacturer Micron Technology Inc said late on Thursday it has reached a deal with software giant Oracle to settle a lawsuit filed by Oracle over price increases for memory chips.
Exclusive: Top natgas trader Coolidge returns 25 percent of fund to investors
Star natural gas trader David Coolidge is returning a quarter of Velite Capital's assets to investors, seeking to prevent his Houston-based hedge fund from growing too big for the narrow gas market as prices plunge to 10-year lows.
U.S. nears sanctions phase in Airbus trade spat
The United States is expected to ratchet up pressure on the European Union to end subsidies for Airbus by moving at the World Trade Organization toward retaliation on European goods, an industry official and other sources said.
House budget chair questions Pentagon budget cuts
The Pentagon budget for next year is dishonest and generals who have endorsed it on Capitol Hill are not giving Congress their true advice, a senior Republican lawmaker on budget matters said on Thursday amid rising rhetoric over looming defense cuts.
U.S. House budget chair questions Pentagon budget cuts
The Pentagon budget for next year is dishonest and generals who have endorsed it on Capitol Hill are not giving Congress their true advice, a senior Republican lawmaker on budget matters said on Thursday amid rising rhetoric over looming defense cuts.
U.S. court presses Dow Co in tax credit case
An appeals court heard arguments from Union Carbide and the U.S. government on Thursday as the company fought to use a tax credit retroactively for research it did in the 1990s to improve manufacturing processes.
U.S. steps up its push to keep top World Bank role
The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.
Fourth quarter income trends up, boost for spending
Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.
Bank of America gets $1 billion Baupost lawsuit dismissed
Bank of America Corp on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities.
Dow back in black as Wall Street cuts losses near quarter's end
The Dow managed a slim gain on Thursday while the S&P 500 and the Nasdaq shook off most of their earlier losses to end slightly lower, as investors took advantage of a selloff to buy blue chips that have been rallying throughout the quarter.
Inflation key as Fed looks ahead
Containing inflation will be critical when the time finally comes for the U.S. Federal Reserve to reverse its ultra loose monetary policy, two top Fed officials said on Thursday.
LivingSocial drops Instant for food order service
LivingSocial, the second-largest daily deal company, said on Thursday it ended its Instant mobile deals business, replacing it with a food-ordering service called Takeout & Delivery.
Robo-readers: the new teachers' helper in the U.S.
American high school students are terrible writers, and one education reform group thinks it has an answer: robots.
What Is Viralism? An Inquiry Into Culture's Battle For Digital Space
As the digital age reaches the dormant stage of social adaptation, having left its mark on the daily process of culture at large, can we add viralism or another digitally referential marker to our collective art discourse? Moreover, is viral a relevant -- let alone acceptable -- aesthetic stance?
Quarter four income trends up, boost for spending
Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.
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