Few companies embody the highs and lows of turbo-charged modern finance better than Ferretti.
While reports that the world's largest wind turbine maker was firing thousands of workers globally shook the renewable energy industry Thursday morning, the bad news did not seem to diminish investor appetite in solar energy stocks, which has picked up considerably over the past week.
Global investment in clean energy hit a record $260 billion in 2011, up 5 percent from the previous year as investment in solar grew by more than a third despite shrinking profit margins, some bankruptcies and flagging share prices, a report said.
Danish wind turbine maker Vestas (VWS.CO) will cut 2,335 jobs in a bid to restore profitability after rising costs wiped out its 2011earnings.
Europe's markets closed mixed on Thursday after a profit warning from retail heavyweight Tesco and weak U.S. retail and labor data more than offset relief from successful Spanish and Italian debt auctions.
Global PC shipments declined 1.4 percent in the last quarter of 2011 mainly due to weak demand in Western Europe and the United States, according to research firm Gartner.
Royal Bank of Scotland abandoned ambitions to be a top global investment bank and said it would cut another 4,450 jobs as it bows to pressure from the UK government to shut down risky operations and prepare for tougher international regulations.
South African miner Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit three months after an arson attack by horsemen on its geologist camp.
Royal Bank of Scotland is to axe 3,500 investment bank jobs and sell or shut equities and advisory business under a 3-year plan to further reduce risk and focus more on domestic retail and corporate banking.
Bill Gross, the manager of the world's largest bond fund, said on Wednesday that the "demise" of PIMCO's flagship fund is exaggerated.
The price of U.S. Treasuries has nowhere to go but down. Smart investors should take advantage of a market that is underestimating the possibility of a sudden drop in the price of those securities. They should also seek to sell off euros, a Wells Fargo strategist said Wednesday.
Ford CEO Alan Mulally and Xerox CEO Ursula Burns both decried the state of U.S. higher education Wednesday and said it wasn't producing enough engineers to ensure U.S. technology leadership.
President Barack Obama plans to introduce a series of incentives to bring outsourced jobs back to America and increase domestic investment.
Since Deepwater Horizon, a longer permitting processes and the drilling moratorium in the Gulf of Mexico is projected to cost the U.S. more than $24 billion in lost investment, says a report from the American Petroleum Institute.
Gold prices extended gains into the second day on Wednesday, rising above the closely-watched 200-day moving average. The yellow metal is trading at around its highest level in a month, supported by strong physical demand from India and China.
The U.S. futures regulator on Wednesday adopted further protections for customer collateral posted in swap trades, an area of heightened importance as the search continues for hundreds of millions of dollars in missing MF Global customer money.
Stock index futures dipped on Wednesday, a day after major indexes hit a five-month high, with pressure on the euro testing the recent view that the U.S. market was decoupling from Europe.
Indian lenders may have to downgrade their loans to loss-making state-run Air India after they deferred a long-pending debt restructuring proposal, seeking a revision and making it tougher for the carrier to raise funds, three sources said.
The abrupt exit of Jasjit Bhattal, the highest-ranking ex-Lehman executive at Nomura Holdings, marks a crucial juncture for Japan's top brokerage as it decides whether to replace him with an experienced global banker to foster expansion, or with an in-house local to focus on the home market.
The top aftermarket NYSE losers on Tuesday were: HCA Holdings, Hill-Rom Holdings, PVH Corp, Medifast, Two Harbors Investments, Emergent Biosolutions, Jones Group, Marathon Petroleum Corp, Pioneer Natural Resources and Cal Dive International.
Founders of private equity firm Carlyle Group have had a great payday as a result of the firm's record performance in 2011 and are set to gain even more as it prepares for an initial public offering, a regulatory filing on Tuesday showed.
Mitt Romney takes New Hampshire Republican U.S. presidential primary by comfortable margin to lead the pack against Barack Obama on Nov. 6.
