Europe's debt crisis threatens to undermine consumer confidence and cut off credit to businesses in the rapidly emerging markets that have been bright spots in an otherwise grim global economy, the head of the World Bank warned on Tuesday.
So far, it has been a tough week for the troubled Bank of America Corp. (BAC). The firm's stock hit a new 52-week low Tuesday, dropping more than 3 percent to $5.03 a share, the lowest level since March 12, 2009. After the market closed, more bad news came as Standard & Poor's downgraded the bank's long-term credit rating by a notch to A- from A.
In a speech at St. Anselm College in Manchester, N.H., on Tuesday, Rick Perry seemed to mix up the voting and drinking ages -- not to mention the date of the coming election. It was a slip of the tongue, not a substantive gaffe -- nobody really thinks Perry doesn't know the voting age -- but it was one of many YouTube-worthy moments of the Republican primary race.
Several airlines have cancelled flights in preparation for the Nov. 30 UK strike when Border Agency employees will walk off the job to protest pension reform.
French film and stage actor Alain Delon sold a thousand bottles of his wine collection on Saturday with a big Chinese buyer pushing the auction results well above pre-sale estimates.
Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
China's Ministry of Industry and Information Technology has ordered local governments to shut small gold mines with a daily ore processing capacity of less than 50 tonnes and is working on a plan to consolidate the sector, the Shanghai Securities News said on Tuesday.
Three prospective school teachers have appealed to Chinese Premier Wen Jiabao to end discrimination against people with HIV after they said they were wrongly denied teaching jobs because their employers discovered they had the virus that causes AIDS.
Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
Tiffany & Co gave a holiday quarter profit outlook that missed Wall Street expectations, and fears that its gross margin could slip further and the pace of sales gains is slowing sent shares down nearly 7 percent.
Worries about the euro zone's debt crisis worsened in November and dragged the European Commission's economic and consumer sentiment index to a two-year low, heightening the risks of a recession in Europe.
International air freight traffic was 4.8 percent lower in October than a year previously, while international passenger traffic grew 4.6 percent but at a slowing pace, the International Air Transport Association said on Monday.
Microsoft Corp and U.S. mobile engineering firm AgreeYa Mobility on Tuesday signed an agreement to allow corporations and other users to connect to Microsoft services from a variety of computing platforms, including phones and tablets running Apple Inc's iOS and Google Inc's Android.
China's decision to donate school buses to Macedonia has been met with strong criticism at home as concerned Chinese citizens noted the country's inferior transport safety record.
Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
Thomas H. Lee Partners is interested in buying the U.S. operations of Yahoo Inc, breaking away from other bidders that are for now eyeing either a minority stake or teaming up with the Internet giant's partners in Asia, sources familiar with the matter said.
The top U.S. military officer said on Monday the United States was vulnerable to cyber attacks, and called for more aggressive action to bolster America's online defenses.
U.S-based multinational corporations added almost 3 million jobs to their payrolls in foreign countries between 1999 and 2009, while slashing 864,600 jobs at home, as they become increasingly dependent on foreign sales. Is tax holiday a viable solution?
At stake is the possible dissolution of the Kyoto Accord, whose commitment period expires in 2012. Japan and Russia announced last year in Cancun they are against any extension or renewal of the accord if big green house gas emitters like the United States and China are excluded.
The Dark Knight Rises may be Christian Bale's final performance as crime-fighting superhero Batman, the actor told the Philippine Daily Inquirer.
Zynga reportedly attempted to buy Rovio, the makers of Angry Birds, for $2.25 billion, but were rejected. Is this a warning sign for Zynga?
Canada dismissed the Kyoto Protocol on climate change on Monday as a thing of the past, but declined to confirm a media report it will formally pull out of the international treaty before the end of this year.
