UNITED STATES

Fiat to pay $1.27 billion for 16 percent of Chrysler

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Italian automaker Fiat SpA has agreed to pay $1.27 billion for another 16 percent stake in peer Chrysler this quarter, the Italian automaker said on Thursday, in a deal that was faster and cheaper than expected.

One year later, Gulf oil spill still clogs environment & economy (PHOTOS)

Oil gushed into the sea one year back will perhaps take months or even years to clean up while it continues to clog wetlands, pollute the ocean and endanger wildlife. Check out the latest pictures taken on April 20, 2011, exactly one year after the environmental disaster hit Gulf of Mexico.
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Dollar hits 3-year low; gold and Asian stocks march on

The U.S. dollar slid to a three-year low against a basket of major currencies on Thursday, a move which could see it test record lows, while Asian stocks jumped as investors scrambled for higher-yielding assets, particularly in emerging markets.
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Dollar hits 3-yr low; gold, Asian stocks march on

The U.S. dollar slid to a 3-year low against a basket of major currencies and Asian stocks jumped to a 3-year high on Thursday, as investors scrambled to get in front of upward momentum in higher-yielding assets, particularly in emerging markets.
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Dollar at 2-1/2-year low, gold near record high

The U.S. dollar slid to a 2-1/2-year low against a basket of major currencies and Asian stocks were poised to hit a 3-year high on Thursday, as investors scrambled to get in front of upward momentum in higher-yielding assets, particularly in emerging markets.
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Rolls-Royce sees hefty sales increase in Q2

Luxury automaker Rolls-Royce Motor Cars should more than double sales in the second quarter, in large part because of its Ghost model, David Archibald, president of Rolls-Royce in North America, said on Wednesday.
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Nissan: U.S. market share may fall due to parts

There is a risk that Nissan Motor Co's <7201.T> U.S. market share, which has been on the rise, may fall due to a lack of auto parts from Japan, North American Chairman Carlos Tavares said on Wednesday.
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AmEx profit rises but costs soar; shares dip

American Express Co's first-quarter profit rose 33 percent from a year ago, beating expectations, but its expenses soared 19 percent, and shares in the credit card lender and processing network fell 1.8 percent.
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Yum sales surprise, up on strength in China

Yum Brands Inc , the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, reported higher-than-expected quarterly sales, boosted by growth in China, helping to send its shares up 4.9 percent in after-hours
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Gold powers above $1,500 as inflation worries mount

Gold rallied above $1,500 an ounce for the first time on Wednesday, extending this week's record run as investors hedged growing inflation risks and bought into a broad commodities rally as the dollar slumped.
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Investor sues Citi board over shoddy mortgage ops

The board of Citigroup Inc was sued by an individual shareholder for the damage done to the bank by years of shoddy mortgage and foreclosure practices, which recently led to a costly fix agreed with regulators.
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Court upholds Dish contempt filing, TiVo soars

A U.S. appeals court upheld on Wednesday a finding that EchoStar Corp was in contempt of a patent infringement injunction involving TiVo Inc technology, raising hopes the long legal battle could end with a TiVo victory.
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Change in earnings tune lifts Dow near 3-year high

Big earnings surprises gave a positive turn to investor sentiment on Wednesday, propelling U.S. stocks to their best day in a month and lifting the Dow industrials to their highest in almost three years.
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Gold breaks $1,500 as investors seek security

Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.
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Boeing vows to fight complaint over second 787 plant

Boeing Co said it would fight a National Labor Relations Board complaint originally lodged by one of its labor unions that challenges the aircraft maker's 2009 decision to establish a second assembly line in South Carolina for the 787 Dreamliner.
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Wells Fargo profit up as credit quality improves

Wells Fargo & Co , the fourth-largest U.S. bank, posted higher quarterly profit, but its results were shaped by the same trends as most of its rivals, which is unusual for a bank known for outsmarting competitors.
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Oil rallies above $124 on U.S. draw, dollar

Oil prices rallied 3 percent on Wednesday as U.S. crude oil inventories fell for the first time in seven weeks and the dollar weakened further, fueling investor appetite for riskier assets.
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AIG sells off asbestos risk to Berkshire Hathaway

American International Group Inc will transfer its troublesome asbestos risk to Berkshire Hathaway Inc , relieving it of a book of business that has cost it billions of dollars, the bailed-out insurer said on Wednesday.

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