Shares of AOL (NYSE: AOL), the seventh most-visited website, have gained nearly 7 percent this week after the company said a patent sale is an option to increase shareholder value.
Russia and India will start to trade in domestic currencies within the next three years according to the Chairman of Russian Development Bank.
Futures on major US stock indices point to a lower opening on Thursday ahead of economic data including final estimates for fourth quarter GDP and initial jobless claims.
The top aftermarket NYSE gainers Wednesday were: Collective Brands, Red Hat, Vocera Communications, Guidewire Software, Petroquest Energy and Leapfrog Enterprises. The top aftermarket NYSE losers were: Newcastle Investment, American Greetings, Fortress Investment Group, Western Digital Corp, USG Corp and AVG Technologies NV.
Leaders of the top five emerging world powerhouses, Brazil, Russia, India, China and South Africa (BRICS), will kick off a two-day summit in the Indian capital today, eyeing increased trade cooperation and seeking common ground on the plan to set up a development bank.
A finance executive at MF Global Holdings Ltd invoked her right against self-incrimination as lawmakers heard from officials who played critical roles in the final days of the futures brokerage, when a huge and still unexplained shortfall in customer money surfaced.
Dubai lender Emirates NBD will merge the management teams of its two Islamic subsidiaries, which will be led by Jamal bin Ghalaita, the bank said in a statement on Wednesday.
The Los Angeles Dodgers have a new owner, and that's great news for the fans and Major League Baseball.
Experts believe 2012 could mark the beginning of a turnaround for the housing industry, albeit a slow one.
Less than four years ago, American Internet security firm Symantec struck a deal with Chinese infrastructure equipment manufacturer Huawei Technologies, joining forces to develop computer network security products. However, in the wake of increasing cyber security concerns piling up against Huawei, Symantec decided to exit the venture, fearing that it would prevent it from gaining access to U.S. government classified information regarding cyber threats.
The insurance market listed the litany of disasters in its annual report, which included claims from flooding in Australia in January, the February earthquake in New Zealand, the Japanese earthquake and tsunami in March and the floods in Thailand.
It's not easy being an Internet business giant that everybody seems to want a piece of. Facebook found this out the hard way, as the world's No.1 social networking company warned away would-be investors, pending the outcome of a court case filed against it by Internet pioneer Yahoo this March.
The United States should worry more about North Korea's cyber attack capabilities than its nuclear arsenel, if the latest reports are any indication. A Bloomberg report has quoted General James Thurman, Commander of the United Nations Command and US Forces in Korea, as saying that Pyongyang has roped in hackers who possess cyber inflitration capabilities. North Korea employs sophisticated computer hackers trained to launch cyber infiltration and cyber attacks, Thurman was quoted as sa...
Societe Generale aims to cut the liquidity needs of its corporate and investment bank by 50 to 60 billion euros ($79.93 billion) as it sells more loans, the French bank said on Wednesday in a slide presentation.
Argentina’s economy expanded at a lower rate in the fourth quarter than in the previous quarter due to a slackening in the manufacturing sector and weaker consumer sentiment.
Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland , the Financial Times reported on Wednesday.
Stocks hovered near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.
With the world's population increasing by an estimated 1 million more people each week for the next 38 years and more of humanity shifting from rural to urban living, cities across the world will be feeling squeezed very soon.
Sharp Corp. announced Tuesday plans to sell new shares in itself to Hon Hai Precision Industry Co., part of Foxconn Technology Group, in an effort to raise 132.5 billion yen ($1.6 billion) after forecasting a record loss for the year.
Huawei, China's largest equipment manufacturer, has just lost a shot at billions of dollars worth of infrastructure sales to Australia. In light of China's reputation for cyber-espionage, the Australian government has decided to block Huawei from bidding on Australia's roughly AUS$36 billion National Broadband Network project. The decision was reported on March 26.
Canadian miner Centerra Gold on Tuesday slashed its forecast for 2012 production at its flagship mine in Kyrgyzstan by about a third due to ice movement in the pit, a decline sure to weigh on the fragile economy of the Central Asian state.
The Nuclear Security Summit in the South Korean capital ended on Tuesday with world leaders making fresh commitments towards building a safer world devoid of nuclear terrorism. The summit ended with a joint declaration, dubbed the Seoul Communique. The full text of the declaration, published by South Korea's official news agency Yonhap News, is below:
