U.S. restaurants reported mixed results on Thursday, when Chipotle Mexican Grill Inc crushed Wall Street's quarterly profit view and the Cheesecake Factory Inc missed analysts' revenue target.
The AUD has opened up over USD0.8900 this morning after a surprisingly strong night offshore last night.
After looking vulnerable to more downside in Asia yesterday the Aussie dollar found intraday support at 0.8735 going on to reverse its trajectory and rally during the European time-zone to retest what had been strong resistance around 0.8750.
Amazon.com Inc quarterly earnings fell far short of Wall Street estimates as operating expenses surged, sending its shares down 14 percent.
Caterpillar Inc , UPS and other U.S. multinationals reported strong quarterly results on Thursday, suggesting the global economy may be on a stronger footing than previously thought.
General Motors Co plans to buy auto finance company AmeriCredit Corp for $3.5 billion in a cash deal financed by government bailout money and aimed at removing a major investor concern before a planned IPO.
American voters overwhelmingly say lowering unemployment is more important than reducing the federal budget deficit, according to a Quinnipiac University poll released on Thursday.
China's leading search engine, Baidu Inc, can sue its U.S.-based domain name service provider, Register.com Inc, for breach of contract, gross negligence and recklessness related to an attack by hackers, a U.S. judge ruled on Thursday.
It was a miserable winter day in January 2007, the kind that makes auto executives in the Motor City wonder why they hold the Detroit Auto Show at the most inhospitable time of the year.
The U.S. auto-leasing industry has likely lost $10.4 billion since 2005 because of overestimating resale values of vehicles leased
A federal appeals court said Mattel Inc was wrongly granted ownership of the popular Bratz dolls, a decision that could lead to a new trial over control of the estimated $1 billion franchise.
A federal appeals court said Mattel Inc was wrongly granted ownership of the popular Bratz dolls, a decision that could lead to a new trial over control of the estimated $1 billion franchise.
Strong results from major U.S. multinationals such as Caterpillar Inc and UPS suggest the global economy may be on a stronger footing than previously thought.
European banks are expected to disclose holdings of doubtful government debt in stress test results to be released on Friday, although sources said there was some last-minute haggling among German banks over how much to reveal.
Stocks climbed on Thursday, bouncing back from the prior session's losses, after major companies, including UPS and 3M, reported strong revenues, easing investor concerns about future growth.
Europe's Airbus pronounced the recession over on Thursday after wrapping up a busier-than-expected Farnborough Airshow with a $3 billion-plus order for dozens of jets from Virgin boss Richard Branson.
Airline results on Thursday provided new evidence that the industry recovery is on track, driving shares higher, but the bumpy economy prompted an outlook for slow progress.
New York has sued Bank of America Corp and its Merrill Lynch & Co unit over the companies' merger and Merrill's subprime mortgage exposure, hoping to recover more by suing on its own than by joining existing class-action litigation.
The Federal Reserve may try to push borrowing costs even lower if the job market continues to languish, Fed Chairman Ben Bernanke said on Thursday, offering a hint of what might trigger additional monetary easing.
An e-mail scam featuring someone purporting to be BP Plc's Chief Executive Tony Hayward is targeting victims of the company's massive Gulf of Mexico oil spill, Florida's attorney general said on Thursday.
U.S. economic growth is looking far less robust than the U.S. central bank would like, but bumps in the road are unlikely to derail the recovery, a top Federal Reserve official said on Thursday.
Industrial companies, including Caterpillar Inc and 3M Co , credited demand from emerging markets like China for another round of stronger-than-expected quarterly results and improved 2010 forecasts.
