NEW YORK - U.S. copper futures surged to prices unseen in 11-months after robust U.S. consumer spending data suggested demand for the metal might increase, then closed off that peak at still-lofty levels as many players squared their books at month's end, analysts said.
WASHINGTON - U.S. regulators will examine a controversial practice that allows trading firms to shave valuable microseconds off trading times, the chairman of the Securities and Exchange Commission said on Friday.
WASHINGTON - A U.S. court struck down a rule limiting a cable company to no more than 30 percent of the pay television market, a victory for companies like Comcast Corp (CMCSA.O) that could spark a wave of industry mergers.
NEW YORK/MEXICO CITY - A U.S. federal judge is expected to decide on Monday whether Grupo Mexico (GMEXICOB.MX) or India's Sterlite Industries (STRL.BO) will control Asarco LLC, bringing the U.S. copper miner a step closer to leaving bankruptcy after four years.
A U.S. appeals court on Friday threw out a regulation that has limited cable companies to serving up to 30 percent of the country's subscription television market, a big victory for operators like Comcast Corp and Cablevision Corp.
Oil prices slipped below $72 on Friday as losses on Wall Street and gains in the U.S. dollar dragged on commodities markets.
A weekly measure of future U.S. economic growth slipped in the latest week, though its yearly growth rate surged to a 38-year high that suggests chances of a double-dip recession are slim.
Pastor Steven Anderson's sermon titled Why I hate Barack Obama posted online on his church's website, has caused controversy because he says on it he would like to see Obama, the President of the U.S. melt like a snail.
Ted Kennedy Jr. shared a touching testimony of his father Sen. Edward Ted Kennedy during a funeral service at a Roman Catholic Basilica in Boston Saturday following his death last Tuesday at age 77 following a battle with cancer.
Walt Disney Co. announced on Monday it will acquire Marvel Entertainment Inc. and its portfolio of more than 5,000 characters including Spider-Man, Iron Man, Fantastic Four and the X-Men.
Republicans and Democrats came together on Friday to honor Senator Edward Kennedy, the standard-bearer for liberal Democrats and patriarch of America's fabled political dynasty, at a private memorial service.
The reinvigorated market for initial public offerings has sparked a rash of new filings by prominent companies that have been waiting for years for the chance to go public, setting the stage for potentially billions of dollars in IPOs by the end of the year.
China's Tengzhong may finalize a deal with General Motors Co GM.UL as early as next week to acquire the U.S. automaker's Hummer brand, a source familiar with the deal said on Friday.
Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession.
The German government said on Friday its talks with General Motors on the sale of carmaker Opel would take some time yet and made clear it still favored a bid from Canadian supplier Magna.
The New York Federal Reserve said on Friday it bought $1.945 billion of U.S. agency debt with maturities ranging from March 2016 to July 2032.
U.S. copper futures advanced to levels not seen in 11-months on Friday as a robust U.S. consumer spending report suggesting demand for the metal might increase going forward, but later pulled off that peak when consumer sentiment eased slightly in August, traders said.
U.S. consumer spending rose as expected in July, data showed on Friday, lifted by the government's cash-for-clunkers program that fueled demand for autos.
Canadian drugmaker Patheon Inc, which has been witnessing a takeover tussle between U.S. private equity firm JLL Partners and Switzerland's Lonza , said it is exploring the Swiss company's proposal a day after JLL's offer expired.
Indian utility vehicle maker Mahindra & Mahindra is looking at options to buy a U.S. facility for assembling its pickup trucks that would save it an import penalty, a senior official said on Friday.
A free birthday bash for the public celebration of Michael Jackson's birthday will be held on Saturday and is expected to draw a crowd of more than 10,000, the New York Times reported.
Frustrated Japanese voters look set to sweep the opposition to victory in Sunday's election, but the novice Democratic Party will quickly face the challenge of an economy suffering from record jobless rates and deflation.
