Asian shares eased Friday, with China's factory activity data and a U.S. jobs report due later in the day making investors cautious as the escalating euro zone debt crisis threatened to further undermine growth worldwide.
On a Friday afternoon in March, the New York Times Company (NYSE: NYT) disclosed to the Securities and Exchange Commission that it would pay Janet Robinson, its recently fired CEO and a 28-year veteran of the company, a severance package of around $23.7 million.
Data wise, Switzerland GDP beat forecasts by coming in at 0.7% against expectations of no change
The number of Americans filing for first-time jobless benefits rose by 10,000 last week, the Department of Labor announced Thursday, bringing the number of people filing for unemployment benefits to a one-month high and exceeding analysts' expectations.
Futures on major U.S. indices point to a higher opening Thursday, ahead of the ADP National Employment Report and the Bureau of Labor Statistics' (BLS) report on Initial Jobless Claims.
Japan's industrial production gained in April from the previous month but remained below expectation, raising concerns about the country's faltering economic growth momentum.
Only two of the 35 wealthiest countries have rates of relative childhood poverty above 20 percent. The United States shares the dubious honor with a former Communist dictatorship
With Europe rattling markets and the rush to dollars, traders have dragged down Brent Crude to cap-off what looks to be its worst performance in two years.
Economic stagnation and continuing debt crisis in the single currency bloc drove the region's business sentiment to 90.6 in May from April's revised 92.9, the European Commission said Wednesday. That was the second big fall in a row and left the index at its lowest level since the back end of the global recession in October 2009.
One month of lackluster job growth can be blamed on the weather, but two or even three is dangerously close to a trend. Unfortunately, we might be in for another month of slower job growth in May.
French labor unions warned Francois Hollande's government of massive layoffs, which could test the new president's economic mettle.
Americans have long been in love with Puerto Rico's high-yielding municipal bonds. Now the Caribbean island hopes they will flock to its sand, surf and spanking new resorts to help pay off massive debts.
U.S. investors came back from a long holiday weekend Tuesday to news of Spain's government aiming to stave off an apparently imminent collapse of nationalized financier Bankia S.A. -- the country's fourth-largest bank -- with a ?19 billon ($23.8 billion) capital injection.
Liberbank, Ibercaja and Caja 3, who hold toxic real estate assets of around ?11.8 billion ($14.8 billion), are at an advanced stage of merger negotiations.
Futures on major U.S. indices point to a higher opening Tuesday ahead of the report on consumer confidence for May.
Asian Markets rose Tuesday as expectations that China will take measures to lift its economic growth undermined the euro zone concerns amid Spanish banking woes.
Japan?s unemployment rate rose in April compared to previous month increasing concerns of the country?s faltering economic growth momentum.
The economic calendar is quite full this week, with most of the focus on the U.S. nonfarm payrolls report. The Institute for Supply Management, or ISM, manufacturing index and the second estimate of U.S. first-quarter gross domestic product also will draw a lot of attention.
German Chancellor Angela Merkel, having so far successfully fought off the idea of euro bonds, is besieged on all sides as leaders line up behind French President Francois Hollande and his appeals for the collective financial instrument.
To commemorate the day when America remembers those who gave their lives while serving in the U.S. armed forces, President Barack Obama will attend a Memorial Day wreath-laying ceremony at the Arlington National Cemetery in Virginia to honor the anonymously fallen.
Greece's conservatives have regained an opinion-poll lead that could foreshadow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.
Former Boston Red Sox pitcher and tech entrepreneur Curt Schilling fired his entire staff at his Rhode Island-based video game company, 38 Studios, on Thursday, leaving more than 300 employees without jobs because the company couldn't repay its debt to the state.
