The volcanic ash cloud that has grounded many flights could deal a bigger economic blow to the airline industry than the attacks on the United States on September 11, 2001, the EU's transport commissioner said Monday.
U.S. stocks were set to open lower on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
Citigroup Inc posted a $4.43 billion first-quarter profit as losses from bad loans declined.
U.S. stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
U.S. stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
Stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
Stock index futures fell on Monday as lingering concerns over fraud charges against Goldman Sachs weighed on investor sentiment.
U.S. miner Peabody Energy's $3.8 billion bid for Macarthur Coal gained traction on Monday as one of two rival deals involving the Australian miner hit the skids.
For now, clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.
Stocks futures fell on Monday, pointing to a weaker start for Wall Street, on lingering concerns over fraud charges against Goldman Sachs weighing on investor sentiment.
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Asian stocks suffered their biggest loss in 10 weeks on Monday after U.S. regulators filed fraud charges against Goldman Sachs and China clamped down harder on property speculation, giving investors an excuse to take profits after markets had rallied to multi-month highs.
The conditions are not ripe for China to unshackle the yuan from its 21-month-old peg to the dollar, a senior government economist said in comments published on Monday.
Toyota Motor Corp has agreed to pay a record $16.4 million fine to U.S. safety regulators in response to the government's claim that it knowingly delayed a massive accelerator pedal recall in January, a government official said.
Clients of Goldman Sachs are standing behind the bank after the top U.S. securities regulator slapped fraud charges against the Wall Street powerhouse over its marketing of a subprime mortgage product.
Asian stocks and commodities fell on Monday as fraud charges against Goldman Sachs, disappointing company earnings and a surprise drop in U.S. consumer sentiment gave investors an excuse to take profits from a recent rally to multi-month highs.
U.S. miner Peabody Energy faces an uphill battle to win support for its $3.8 billion bid for Macarthur Coal from the Australian miner's board and biggest shareholder.
Electrical goods retailer Best Buy plans to open up to 1,000 new mobile phone shops, the Financial Times reported in its Monday edition.
U.S. miner Peabody Energy faces an uphill battle to win support for its $3.8 billion bid for Macarthur Coal from the Australian miner's board and biggest shareholder.
More than half of private equity investors plan to put more money in emerging markets, expecting higher returns from deals in these economies than ones in sluggish western markets, a survey found.
The International Monetary Fund will raise its forecast for global growth this year to 4 percent or more as China and emerging economies pick up pace, the Nikkei newspaper quoted the head of the fund as saying.
European officials said they hoped half of flights would operate across the continent on Monday as they sought to ease four days of airline paralysis caused by a sprawling ash cloud from an Icelandic volcano.