European leaders agreed Thursday morning that banks and other major investors in Greek bonds must take losses of up to 50 percent to prevent a Greek government default. The rescue fund is a response to global pressure to lower Greece's debt burden and attempt to contain the spreading debt contagion that threatens the euro zone.
Businessman Herman Cain is statistically tied with former Massachusetts Gov. Mitt Romney among Republican voters in Iowa and South Carolina.
An IBM report reveals the triangular relationship between consumers, businesses and social media networks.
Little spheres deliver medicine slowly and keep it inside the knee.
Klaus Regling, chief executive officer of the EFSF, will fly to China in order to lure investors.
Ford Motor Co posted a lower third-quarter profit after taking a hit from plunging metals prices and sustaining losses in its European and Asian operations.
Ford Motor Co posted a lower third-quarter profit after taking a hit from plunging metals prices and sustaining losses in its European and Asian operations.
There has been a preliminary agreement to recapitalize European banks.
After a three year delay, the Boeing 787 Dreamliner makes its first commercial voyage from Narita airport in Tokyo to Hong Kong.
Air India's board has recommended that the state-run airline buy just 12 Boeing 787 Dreamliners, down from 27 the company ordered in 2005, according to a report.
The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday which looked set to fall short of a definitive plan to tackle the bloc's debt crisis.
The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.
Coming off the heals of their unmanned space last month, China will send into orbit another space craft that has the United States worrying.
The company blamed the revenue drop-off to a sharp contraction in European demand.
The large ice masses in southwest China are also decreasing, coinciding with warming temperatures, according to research published Wednesday.
ROSAT, a German research satellite, re-entered Earth's atmosphere over the Bay of Bengal at 9:50 p.m. EDT on Saturday, but it remains unclear whether any parts of the satellite hit the Earth's surface.
Argentina's oil, gas and mining companies must start repatriating all export revenue, according to an order by President Cristina Fernandez de Kirchner's administration, which is struggling to halt capital flight from the inflation-plagued economy.
Nokia unveiled its long-awaited first Microsoft Windows phones on Wednesday, betting on the two sleek new models to get it back into the race with Apple and Google.
The incoming head of the European Central Bank threw the Eurozone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil.
HONG KONG/NEW YORK - China is expected to steer clear of Europe's bailout fund and its investment vehicles as regulators and politicians scramble to pull together a plan aimed at expanding the debt clean-up.
BAA reported a 17 percent rise in earnings in the first nine months of the year, helped by strong traffic growth, especially at London's Heathrow airport.
China hopes the European Union takes effective measures to restore market confidence in tackling its debt crisis, the Foreign Ministry said on Wednesday, while also again defending the yuan's exchange rate.
