Stocks rebounded sharply Tuesday as a drop in Spain's borrowing costs and unexpectedly strong economic data from Germany eased euro zone debt worries.
Australia-focused Crocodile Gold Corp., which is in the middle of an unsolicited takeover offer, said Tuesday a new study estimates its Maud Creek Deposit holds inferred resources of 1,072,000 ounces of gold at 2.4 gram per ton.
Oracle, the biggest enterprise software developer, is scheduled to report second-quarter results late Tuesday. Here are some expert tips on what to watch in the announcement.
Stocks were poised to rebound at the open Tuesday after declines in the prior session as a drop in Spain's borrowing costs and unexpectedly positive data from Germany eased euro zone debt worries.
Stock index futures rose on Tuesday, indicating equities will rebound from declines in the prior session as borrowing costs in Spain fell and worries about the euro zone's debt crisis eased.
Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T, only assuring investors on Tuesday it was working on a long-term plan for its subscale U.S. wireless unit.
Stock index futures rose Tuesday, indicating equities will rebound from declines in the prior session as a drop in Spain's borrowing costs and unexpectedly positive data from Germany eased euro zone debt worries.
Gold prices rose more than 1 percent and silver popped nearly 2 percent Tuesday on fresh evidence the struggling U.S. housing industry is recovering plus rising German business sentiment that boosted investors' risk appetite.
Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, the Nikkei business daily reported.
European shares and the euro rose on Tuesday on surprisingly good news about the German economy and a better-than-expected outcome at a Spanish treasury bill auction, but concerns about the euro zone debt crisis limited gains.
A former UBS trader accused of unauthorized dealing that cost the Swiss bank $2.3 billion was expected to enter a plea for the first time on Tuesday in a case that led to the resignation of UBS's chief executive.
European shares and the euro rose on Tuesday on unexpectedly good news about the German economy's prospects, but concerns about problems policymakers are having in tackling the euro zone debt crisis limited gains.
Asian stocks and the euro edged up on Tuesday, but sentiment remained fragile on concerns that efforts to contain the euro zone debt crisis were faltering and tougher rules to strengthen banks' capital would further undermine their profits.
On a recent brisk Beijing morning, the competition for depositors was in full swing at a Bank of Communications branch office.
The Federal Reserve is unlikely to need to ease monetary policy further given the country's steady if moderate pace of economic growth, Richmond Fed President Jeffrey Lacker said on Monday.
Business software maker Red Hat Inc forecast fourth-quarter revenue largely below analysts' expectations hurt mainly by a weaker euro, sending its shares down 7 percent in after-market trade.
Business software maker Red Hat Inc's quarterly results edged past market expectations as demand from corporate customers drove subscription revenue growth.
Bank of America Corp shares closed below $5 on Monday for the first time since March 2009 amid continued concern about its need to build capital.
The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest U.S. banks, a person familiar with the plan said on Monday.
Banks dragged the stock market lower on Monday, with losses accelerating late after Bank of America's stock price fell below
Shares of silver mining companies got hammered Monday as the futures price of the metal fell on dimming prospects from China and Europe that next year will bring any improvement in demand.
The precipitous decline in the price of Research In Motion stock has left the market capitalization of the BlackBerry maker below the value of its cash, receivables and other current assets.
Harley-Davidson Inc is offering voluntary layoffs to hourly workers at three plants in the Milwaukee, Wisconsin area to reduce staff by about 26 percent, giving itself flexibility to hire seasonal workers.
The New York Times Co is nearing a sale of 16 regional newspapers spread across the U.S. Southeast and California to Halifax Media Holdings, it said on Monday.
Banking stocks led Wall Street lower on Monday in a thinly traded session as investors focused on the euro zone's uncertain economic outlook.
The upstart wireless company that is being bankrolled by Philip Falcone's $5 billion Harbinger Capital Partners hedge fund could run out of money during the second quarter of 2012, according to the company's financial statement.
Prices for silver and palladium, the two precious metals with the most industrial applications, fell Monday on growing evidence of weakening demand from China and a possible recession in Europe.
Banking stocks fell sharply on Monday, leading U.S. stocks lower in a low-volume session as investors again focused on the uncertain outlook in the euro zone.
Banking stocks fell sharply on Monday, leading U.S. stocks lower in a low-volume session as investors again focused on the uncertain outlook in the euro zone.
Below are highlights of comments made by ECB President Mario Draghi in testimony to the European Parliament on Monday.
