Dealtalk: Big buyouts stalled in capital markets freeze
Large European private equity buyouts are on hold until capital markets revive, which is unlikely to happen this side of Christmas as leveraged loan and high-yield bond markets remain weak, bankers said on Thursday.
Allstate Hit by $1.08 Billion Loss from Catastrophes
Hurricane Irene's impact accounted for about $500 million in the insurance company's third-quarter catastrophe losses.
Holiday Airfare Increases as 3Q Results are Announced
Holiday travelers beware! Airlines have hiked up their fares by $4 to $10 one-way, due to 3Q results and higher fuel cost.
Stocks fall on uncertainty over EU summit
Stocks fell on Thursday as investors struggled with uncertainty surrounding the upcoming European summit on the debt crisis and sought direction from corporate earnings.
Nokia says first Windows phone due 2011
Nokia will start to sell its first Windows Phone model this year, the company said on Thursday.
European banks need about 100 bln euros: Austria
European banks need about 100 billion euros ($138 billion) to shore up their balance sheets for rough seas, Austrian Finance Minister Maria Fekter said on Thursday ahead of a weekend EU meeting to address the euro zone debt crisis.
Among Active Military Personnel, Ron Paul Raises More than All Rivals: Report
Ron Paul has received more donations from military personnel than any of his Republican rivals or President Barack Obama.
Unemployment Claims Lower, But Still Higher Than Desired
The number of people filing for unemployment has gone down, but the number is still high
Travelzoo Earnings Rise on 14% Increase in Newsletter Subscriptions
The Internet media firm recorded third-quarter earnings of $0.36 per share as revenue rose 40% to $38.7 million, topping estimates.
Is Herman Cain Changing His Tune on Abortion?
Herman Cain seemed to imply Wednesday night that abortion is an issue that should be left to families, contradicting his previous statements.
The World's Busiest Airports in 2011
Which airports are the busiest in the world? Some are popular tourist destinations, but others will surprise.
California subpoenas BofA over mortgages: report
The California attorney general's office subpoenaed Bank of America Corp this week about the sale and marketing of troubled mortgage-backed securities to investors in the state, the Los Angeles Times reported.
Quebec bows to pressure, launches corruption probe
Quebec's Liberal government bowed to two years of pressure on Wednesday and announced a probe into allegations of corruption in the construction industry in the predominantly French-speaking province.
McGraw-Hill Profit Falls, Misses Analyst Estimates
Lower textbook sales and impact of weak credit markets on its S&P rating business weigh down on McGraw-Hill earnings. The company plans to cut at least $100 million in costs over next 15 months.
Canada selects shipyards to modernize Navy
Canada will sign contracts with shipyards in Nova Scotia and British Columbia under a C$35 billion ($35 billion) shipbuilding program, the largest in the NATO country's history.
Wall St slips on euro fund uncertainty
Major U.S. stock indexes reversed direction to turn lower in morning trading on Thursday as more doubts emerged over whether European leaders could reach a deal on further strengthening the region's rescue fund.
Asia emerges as battlefield for growth-hungry tech firms
When Google Inc unveiled its latest version of Android, the operating platform powering 50 percent of the global smartphone market, it picked Hong Kong as the destination to show off the new software on Wednesday.
Instant view: Jobless claims fall in latest week
New U.S. claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.
Instant view: Nokia posts surprise Q3 profit
Nokia reported a smaller than expected fall in third quarter profits on Thursday, boosted by strong sales of simple cell phone models.
Freddie Mac: Mortgage Rates Hold Steady
Average mortgage rates essentially held steady this week as they remain near their 60-year lows.
EU agrees on bank capital needs, split over bailout fund
The European Union has agreed that around 100 billion euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.
Ford Says UAW Deal Will Increase its Costs by Under 1% Annually
Ford said the labor pact with United Auto Workers union would cost $280 million in lump-sum payments in 2011, and average about $80 million annually for remainder period through 2015.
Olympus ex-CEO Woodford seeks UK police aid
Ousted Olympus Corp <7733.T> chief executive Michael Woodford is consulting police over whether he needs protection after passing new information to British fraud investigators about the Japanese company's irregular payments to advisory firms.
Barnes & Noble Expands Beyond Books
Barnes & Noble hopes to rely less on book sales, better compete against e-commerce rivals.
Wall Street flat on EU summit angst; earnings help
Wall Street flat-lined at the open on Thursday after a report suggested a much anticipated European summit on resolving the region's debt crisis may be postponed, but investors looking for a U.S. earnings season rally put a floor under the market.
iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II
Apple has sold over 4 million units of the new smartphone iPhone 4S through different retailers and carriers since last Friday. Although iPhone 4S looks identical to its predecessor -iPhone 4 - it has significant upgrades in both hardware and software, including an A5 chip, an 8-megapixel camera, Siri Voice assistant and iOS 5, which boast of over 200 new features. iPhone 4S: How Does Apple's Latest Smartphone Compare Against Motorola Droid Bionic and Samsung Galaxy S II
EU agreed on bank capital needs, split on bailout fund
EU member states have agreed that around 100 billion euros is needed to recapitalize the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.
One in 10 Americans Take Antidepressants; Most Don't See Psychiatrist
One in 10 Americans is on antidepressants, according to a new survey by the Centers for Disease Control -- a 400 percent increase from a decade ago.
California Shuts Down 529 Plan
The ScholarShares Investment Board in California, which runs the 529 plan, has announced that it will shut down the ScholarShare plan sold through brokers and financial advisers because it didn't manage to find a manager.
Motorola Unleashes Droid Razr: Razor Sharp But Can it Take on iPhone 4S?
Motorola took the wraps off the new Droid Razr on Tuesday, announcing that it will be available for pre-order October 27 and will hit Verizon Wireless stores early in November. As Motorola's iconic brand, the Droid Razr is claimed to be the thinnest smartphone to date and among the lightest ever made.