Federal prosecutors are investigating allegations that former employees of Avon Products Inc
bribed foreign officials, the Wall Street Journal reported, citing people familiar with the matter.The top after-market NASDAQ Stock Market gainers are: Velti, China-Biotics, Oncothyreon, Synovis Life Technologies, and Inter Parfums. The top after-market NASDAQ Stock Market losers are: Park Sterling Bank, Charming Shoppes, Books-A-Million, CoStar Group, Exterran Partners, and Compuware.
China asked Foxconn Technology Group and other Taiwanese firms to pay more attention to safety, after a deadly blast at a Chinese factory making iPads for Apple.
In a budge to deepen its economic ties with Africa, Indian Prime Minister Manmohan Singh is on a six days long visit to Africa from Monday. India, trying to emerge from the shadow of rival China by is offering $5 billion to help the continent rich with minerals and commodities, Reuters reported on Tuesday.
Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.
St. Louis Federal Reserve President James Bullard said on Monday that stripping energy and food costs from inflation measurements may understate inflation. Ignoring energy prices in a price index may systematically understate inflation for many years, he added.
After Dominique Strauss-Kahn's resignation from IMF, French finance minister Christine Lagarde has emerged as the leading candidate for IMF chief, receiving the support of European nations. On the other hand, countries such as China, India and Mexico are calling for an IMF chief from among an emerging economy.
A deadly explosion at a Chinese factory making iPads for Apple has focused attention on lax industrial safety standards that continue to plague many Chinese workers, while raising supply chain risks in the high-end electronics sector.
The top pre-market NASDAQ Stock Market gainers are: Sify Technologies, China Techfaith Wireless Communication Technology, GT Solar International, United Community Banks, Pharmasset, Perfect World, and TiVo. The top pre-market NASDAQ Stock Market losers are: Identive Group, Teva Pharmaceutical Industries, and Research In Motion.
North Korea's secretive leader Kim Jong-il toured east China on Monday, while the U.S. government team flew to North Korea to assess food shortages.
Shares of Apple Inc reorganized on Monday after Wall Street brushed off the shock of the explosion last week that shut down a Foxconn factory in China producing its popular iPad
Two top executives have quit Wal-Mart Stores Inc's China business, leaving a leadership vacuum in country earmarked as having strategic importance for the U.S. retailer.
Caris & Co. said it is impressed with the investor screening of Kung Fu Panda 2 on Saturday afternoon at DreamWorks Animation (NASDAQ: DWA) headquarters in Glendale, California.
Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors and that it would expand sales in renewables, amid tighter safety standards in the wake of the crisis at the Fukushima Daiichi nuclear plant.
Toshiba Corp said it may need to push back by several years a target to capture 39 orders for nuclear reactors by March 2016, as governments tighten regulations in the wake of the crisis at the Fukushima Daiichi nuclear plant.
Family Radio President Harold Camping delayed his Doomsday prediction till October 21, 2011, in an Open Forum at Family Radio headquarters at Oakland, California.
Shares of top commodities trader Glencore International are set for a weak start when they begin trading in London on Tuesday and Hong Kong the following day, reflecting investor concerns that the $10 billion initial public offering was over-priced.
An explosion ripped through the Foxconn Chengdu plant in China, the factory where the Apple iPad 2 is made, killing three workers and injuring 15.
Turmoil over sovereign debt problems in Europe could weigh on the U.S. economic recovery, St. Louis Federal Reserve President James Bullard said on Monday.
Shares of Apple Inc regrouped on Monday after Wall Street brushed off the impact of an explosion last week that shut a Foxconn factory in China producing its popular iPad.
Can Harold Camping make a “Doomsday” prediction for the U.S. dollar?
Analysts say there will be little impact on iPad 2 production after the explosion at the Foxconn factory.
