Vale , the world's largest iron ore producer, said on Thursday it is selling 80 percent of its ore using spot prices, nearly completing a historic shift to market-based pricing for the principal raw material used in steel.
Vale SA , the world's No. 2 iron-ore producer, raised its outlook for legal losses nearly five-fold to $22.4 billion as courts moved closer to allowing Brazilian tax authorities to levy overseas investments.
Robust economic data and European Central Bank support for Greece energized U.S. stocks Thursday, as investors ignored possible bank downgrades and lifted equities to a nine-month high.
The United States, in a review of future satellite needs, is examining opportunities to increase international collaboration and orders from commercial providers, a senior U.S. Air Force official said on Wednesday.
Yet another peculiar trend is gaining traction among hip Brooklynite parents: the babyccino. The drink is described as a macchiato-like beverage featuring a shot of decaf expresso topped with steamed milk and froth, according to the Huffington Post. Not ordinarily listed on the menu, a babyccino usually costs around $2.
Australia's flagship airline, Quantas, is expected to cut hundreds of employees when it discloses its half-year results on Thursday, the nation's Herald Sun newspaper reported.
The most expensive cities in the world according to the Economist Intelligence Unit’s latest Worldwide Cost of Living Survey are...
Curvaceous model Kate Upton landed herself on the cover of the Sports Illustrated Swimsuit Edition for 2012. Inside the pages is featured former plus-sized model Crystal Renn. Will these two curvy beauties change the face of the modeling industry?
News Corp., the vehicle of controversial publisher Rupert Murdoch, could be probed by British authorities “for sustained criminality over a sustained period of time” for many activities.
Labs whose experiments on dangerous pathogens are funded by the U.S. government must follow specific rules to keep the microbes from escaping, but those rules are not enforceable for researchers working with private funds. Outside the country, security and safety requirements vary widely, experts say.
Astronomers announced Wednesday that a controversial midsized black hole matures by shredding apart a surrounding galaxy, a first glimpse into how the medium-sized black hole forms.
The Acer Iconia Tab A500 currently runs on Android 3.0 or Honeycomb.
China's defense budget is set to double by 2015, which will be more than the combined spend of all other key defense markets in Asia Pacific, a global think tank has said.
Researchers caught a wobbegong shark on camera halfway through swallowing a whole bamboo shark along Australia's Great Barrier Reef.
Whitney Houston, the celebrated pop music icon, died on Saturday at the age of 48. While many around the world mourned, Sony Music raised the price of Houston's greatest hits album titled Ultimate Collection on iTunes and Amazon. Sony Music raised the price of Houston's songs just 30 minutes after her death reports Guardian. The retail price was raised from about $8 (£4.99) to about $13 (£7.99), which automatically raised the price of digital sales on platforms such as iTunes.
Coral reef scientists got more than they bargained for during a fish survey off the Great Keppel Island off the east coast of Australia: A shark eating another shark.
Sports Illustrated magazine on Monday unveiled its annual swimsuit issue with model Kate Upton on the cover in a two-toned, red string bikini with a bottom piece that, literally, appears to be little more than a string.
Delays in U.S. and international orders for Lockheed Martin Corp's new F-35 fighter jet will increase its total cost, Lockheed and U.S. officials said on Tuesday, as Italy announced a cut in spending on the warplane.
Aspirin and other common over-the-top medications can prevent certain cancers from spreading and new research suggests how.
Xstrata PLC is looking to sell 20 percent of its proposed A$6 billion (US$6.4 billion) Wandoan Coal Project, to take place west of the Wandoan township in Queensland, Australia.
Captain Mahendra Singh Dhoni fell just short of pulling off another thrilling run chase as his team fought out a dramatic tie with Sri Lanka in the fifth triangular series match at Adelaide on Tuesday.
Kate Upton has landed the Sports Illustrated swimsuit cover, which will go on sale Tuesday. The 19-year-old hot blonde and model said snagging the cover means much to her. The 2012 magazine cover is her second time appearing in the annual Sports Illustrated issue.
