There is a debate that has been heating up recently, and it's likely to continue to split some of the smartest minds from coast to coast. This debate revolves around whether prices for goods in the United States are on the rise or not.
PepsiCo Inc. (NYSE:PEP), the world's largest snack-food maker plans to cut 8,700 jobs in a restructuring effort to offset high commodity costs and boost investment in advertising and marketing in North America.
Credit Suisse posted a surprise fourth-quarter net loss as business at its investment bank slumped and it took almost 1 billion Swiss francs ($1.1 billion) of charges for slashing costs and risky assets to meet tough new capital rules.
2012 is set to become annus horribilis for Megaupload founder Kim Dotcom. New Zealand government's Official Assignee, on Thursday, seized more assets of the Internet tycoon, including a car, jewellery, jetskis and a $4.3 million mansion.
The top after-market NASDAQ gainers Wednesday were: Accuray Inc, support.com, Akamai Technologies, Cumberland Pharmaceuticals, Select Comfort Corp, Exelixis, FriendFinder Networks, Limelight Networks and American Capital Mortgage Investment.
China's stock market improvement could be jeopardized by a higher than expected inflation reading for January.
Asian shares struggled but the euro recovered on Thursday, as markets were left without a clear direction after Greek political leaders failed again to conclude a deal for a bailout package, which Athens needs to avoid a messy debt default.
China's annual inflation spiked to a consensus-busting 4.5 percent in January as spending jumped during the Chinese Lunar New Year holiday season, breaking a five-month softening trend and forcing a market rethink of policy easing expectations.
Asian shares and the euro struggled Thursday, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt default.
Foreign and U.S. banks warned lawmakers on Wednesday that broad application of U.S. swaps rules could undermine U.S. competitiveness abroad, increase the cost of hedging and even provoke brinkmanship among international regulators.
The watchdog board for corporate auditors on Wednesday said it has imposed a $2 million penalty, its largest fine ever, on accounting and consulting firm Ernst & Young LLP in a settlement involving past audits of Medicis Pharmaceutical Corp.
In the fallout of months-worth of bitter debate, the Associated Petroleum Industries of Pennsylvania is trying to find out if the state's General Assembly did indeed put in place a fair and reasonable impact fee.
Global securities, whether stocks, commodities or currencies, held earlier gains or losses Wednesday as the world awaited the outcome of talks between debt-choked, strife-torn Greece and benefactors demanding more tax hikes and government budget cuts in exchange for bailout money.
Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability.
Germany's Deutsche Bank will defer any part of an employee's bonus above 200,000 euros ($264,800) this year, a source close to the bank said, making it the latest industry player to limit pay in the face of fierce criticism of the industry.
Istanbul was ranked as the European city with the best prospects for 2012 by PricewaterhouseCooper and the Urban Land Institute, with German cities also on top.
The Obama administration plans to spend an additional $156 million over the next two years to help find an effective treatment for Alzheimer's, a fatal brain-wasting disease that affects more than 5 million Americans.
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
Canadian securities regulators on Tuesday implicated mining executive Ian Telfer in an alleged insider trading scheme, saying he helped the main defendant in the case disguise her illegal trading activities.
U.S. stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.
The ongoing Eurozone debt crisis and the efforts to find a way out and save the single currency could potentially shake up and redefine the global economic equilibrium.
After a U.S. appeals court rejected an injunction that Chevron Corp had won to avoid paying up $18 billion penalty to Ecuador over pollution to the country's Amazon region, the multinational energy giant has been accused of bringing in a secret panel of private lawyers to thwart the court judgments.
