New orders for long-lasting U.S. manufactured goods rose more than expected in January as civilian aircraft bookings soared, but slipped excluding transportation, government data showed on Thursday.
Private equity giant Blackstone Group on Thursday said earnings rose sharply from a year ago, beating analysts' estimates, driven by increased performance fees and improved valuations of its portfolios.
Unlike many corporate chiefs, Warren Buffett often plays down the prospects of his company Berkshire Hathaway Inc , while trying to keep investors focused on the long term.
Will India do it again? That is the question being asked by investors and bullion market analysts now. After India's surprise buying of 200 tonnes of IMF gold in November last year, now several news agency reports said that India is another potential candidate to buy more gold from the International Monetary Fund when it begins selling 191.3 tonnes of the precious metal.
It seems Australia's mining sector is witnessing the biggest ever boom in its history and almost all mining companies are going through this phase now. According to reports appeared in the Australian media, the country's economy is built on a vast land mass rich in mineral deposits. And the mining sector has experienced five big mining booms, and these have generated periodic surges of export-based wealth from local discoveries or global demand.
WHAT: U.S. January durable goods reportWHEN: February 25 at 8:30 a.m. (1330 GMT)
Switzerland said it would no longer accept untaxed money into its banks as it tries to ease pressure on its $2 trillion offshore banking industry from key trading partners seeking to boost tax revenues.
Dear Sam: I recently saw your column in my local newspaper and thought I would check out your blog.
Wall St was set for a lower open on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting worries over possible defaults in the euro zone, and an increase in jobless claims fueled concerns about the U.S. economy.
New orders for long-lasting U.S. manufactured goods excluding transportation unexpectedly fell in January, while the number of workers filing for jobless benefits rose last week, suggesting a loss of momentum in the pace of economic recovery.
U.S. stock index futures fell on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting concerns over possible defaults in the euro zone.
Coca-Cola Co is in talks to buy most of its largest bottler for roughly $15 billion, including debt, marking a shift in its strategy to keep its bottling operations separate, a person familiar with the situation said on Wednesday.
U.S. stock index futures fell on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting concerns over possible defaults in the euro zone that have dogged markets recently.
Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.
U.S. stock index futures fell on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting concerns over possible defaults in the euro zone that have dogged markets recently.
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.4 to 0.6 percent, pointing to a weaker start for equities on Wall Street on Thursday.
Lehman Brothers Holdings has agreed with JPMorgan Chase & Co to settle about $7.68 billion in collateral obligations that were pending following Lehman's bankruptcy filing in 2008, court documents showed.
World stocks, the euro and commodities fell on Thursday on concerns over a potential downgrade of Greece's debt, while borrowing costs for peripheral euro zone countries rose.
The euro tumbled to a one-year low against the yen on Thursday and Asian stocks fell on fears that a potential downgrade of Greece's debt rating will worsen Europe's outlook and imperil the global economic recovery.
A tepid rally in Asian shares faltered early on Thursday and the dollar rose after Fed Chairman Ben Bernanke's reaffirmation of an extended period of low U.S. rates boosted risk-seeking but also raised some concerns about global growth.
Morgan Stanley Chairman John Mack said on Wednesday he is disappointed that decisions coming from the Obama administration are being motivated by politics.
Key senators pushed for a bipartisan agreement on a package of reforms to tighten rules for financial industry behavior as President Barack Obama on Wednesday blasted critics who call his policies socialism.
U.S. Federal Reserve Chairman Ben Bernanke told Congress on Wednesday a weak job market and tame inflation warrant low interest rates for an extended period, curbing speculation the central bank was moving closer to raising borrowing costs.
The top communications regulator offered to pay television broadcasters to give up their rights to airwaves worth an estimated $50 billion as it looks to overcome a looming scarcity of wireless spectrum for advanced mobile phone services.
Corrects paragraph 3 to show that National Broadband Plan will be released March 16, not March 17; changes headline for space consideration
(Corrects that National Broadband Plan will be released March 17, not March 16 in paragraph 3)
The top U.S. communications regulator offered to pay television broadcasters to give up their rights to airwaves worth an estimated $50 billion as it looks to overcome a looming scarcity of wireless spectrum for advanced mobile phone services.
The Australian Dollar opens marginally higher today at 0.8920. It was a quiet domestic session yesterday with only a 50 point range between 0.8880 and 0.8930.
Securities regulators adopted a new rule to restrict short selling more than a year after the financial crisis provoked cries to rein in investors who bet on a stock's decline.
The number of affluent investors worrying about jobs and the political environment rose in February as bipartisan cooperation remains elusive in Washington and the economy struggles with high unemployment.
