Real estate can be an engine or a brake for the U.S. economy. And today, it's mostly slowing things down.
U.S. President Barack Obama and his team have been in close contact with their counterparts abroad on the European debt crisis, the White House said on Monday. The president and his economic team have been following and have been engaged in this situation for quite some time, White House spokesman Robert Gibbs told reporters.
Chrysler could raise its financial targets for 2010 in the second half of the year and aims for a public offering of its stock as quickly as possible, Chief Executive Sergio Marchionne said on Monday.
The United Nations' Food and Agriculture Organization (FAO) has forecasted 4% increase in the global rice output this year with the expected production of 643 million tons of rice in Asian region.
After the US launched its first palladium ETF recently, it is the turn of South Africa now South African stock exchange operator, JSE, will launch a platinum ETF soon. It is also looking to list an Africa ETF in South Africa, with blue-chip companies.
U.S. stocks surged on Monday as an agreement on a $1 trillion emergency rescue package from the EU quelled fears that a new credit crisis would derail European economies.
NEW YORK (Reuters Health) - Men who carry the virus that causes genital warts may be at increased risk of HIV infection, a study of Kenyan men suggests.
McDonald's Corp reported a higher-than-expected 4.9 percent rise in worldwide April sales at established restaurants, boosted by strength in Europe, and its shares rose about 4 percent.
The sharp fragmentation of the U.S. stock marketplace -- seen as a cause of last week's mysterious market dive -- is also slowing down regulators' ability to piece together what happened, two sources familiar with the matter said on Monday.
Global equity markets staged a massive relief rally on Monday after officials agreed to a $1 trillion emergency rescue package to avert a festering sovereign debt crisis in Europe from engulfing the rest of the world.
The Obama administration believes Toyota Motor Corp is paying closer attention to safety concerns, but Washington continues to investigate the carmaker and will not rule out a new fine, the top U.S. transport official said on Monday.
Stocks surged in a broad-based rally on Monday as an agreement on a $1 trillion emergency rescue package quelled fears that Greece's debt crisis would spread.
The U.S. job market strengthened in April for the eighth straight month but at a slower rate, in anticipation of economic activity moderating in coming months, a research group said on Monday.
U.S. stocks surged in a broad-based rally on Monday as an agreement on a $1 trillion emergency rescue package quelled fears that Greece's debt crisis would spread.
Fannie Mae, the largest U.S. residential mortgage funds provider, on Monday asked the government for an additional $8.4 billion after the company lost $13.1 billion in the first quarter.
McDonald's Corp reported a higher-than-expected 4.9 percent rise in April sales at established restaurants on strength in Europe and the United States, and its shares rose 3.4 percent.
U.S. gold futures dropped 1 percent on Monday as safe-haven buying decreased after a $1 trillion global emergency rescue package eased contagion fears.
Oil major BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted and sending its shares to a six-month low.
Global financial markets surged on Monday after officials agreed to a $1 trillion emergency rescue package to avert a sovereign debt crisis in Europe from festering and engulfing the rest of the world.
U.S. lawmakers on Monday said the Securities and Exchange Commission likely has the authority to deal with reforms after last week's massive market selloff but questioned its expertise, as regulators still hunt for answers.
The son of billionaire investor Warren Buffett has an old-world spiritual message for today's money-rich parents: teach your children values and do not give them everything they want.
The S&P 500 jumped more than 4 percent on Monday, racking up its best opening on record, as an agreement on a $1 trillion emergency rescue package quelled fears that Greece's debt crisis would spread.
