New U.S. housing starts and permits jumped more than expected in June, propelled by a rise in single-family homes, a government report showed on Friday.
New U.S. housing starts and permits jumped in June, propelled by a rise in ground-breaking for single-family homes and suggesting the battered housing sector was beginning to stabilize, a government report showed on Friday.
Australian investment group Macquarie CountryWide Trust (MCW.AX) has agreed to sell U.S. property assets for $1.3 billion to a joint venture including Californian state pension fund Calpers, it said on Friday.
Stocks fell on Friday on worry about earnings quality after General Electric Co missed quarterly estimates, discouraging investors after Wall Street's four-day rally.
Nissan Motor Co., the third largest automaker in Japan, seeks to develop its own hybrid technolgy for small and midsize cars. New solar electricity generation may double in 2010, according to a specialist.
Citigroup Inc , one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit on Friday as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.
CIT Group Inc shares rose on Friday, one day after the company said it was in discussions with lenders to secure financing and amid some speculation that it may be sold without the need for a bankruptcy filing.
China Pacific Insurance, part owned by the Carlyle Group, confirmed on Friday it would relaunch a Hong Kong initial public offering which would be the world's third-largest IPO so far this year.
General Electric Co warned investors that the economic contagion that has dragged down its finance and media businesses has spread to its heavy industrial units, prompting Chief Executive Jeff Immelt to lower his profit forecast for those businesses.
CIT Group Inc was in discussions on Thursday with potential lenders to secure financing, after the collapse of rescue talks with the government left the company on the brink of bankruptcy.
CNOOC and Sinopec have agreed to buy a stake in an Angolan oil block from U.S. oil major Marathon Oil, as the Chinese state-owned oil companies continue to buy up overseas energy assets.
Oil bounced above $62 a barrel on Friday, buoyed by U.S. data suggesting the battered housing sector was beginning to stabilize and pointing to a gradual recovery from recession.
Nissan Motor Co aims to develop its own hybrid technology for small and midsize cars and end its procurement of hybrid components from Toyota Motor Corp, the Nikkei business daily reported on Friday.
Citigroup Inc , one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.
To address the serious threat of global warming, Americans should be required to pay for the carbon content of goods they consume from countries around the world, a top U.S. official said on Friday.
General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
Stocks headed for a flat open on Friday as upbeat housing data for June counteracted worry over the quality of corporate profits from General Electric Co and Google Inc .
Stock index futures briefly trimmed losses on Friday following a government report showing new U.S. housing starts and permits jumped more than expected in June.
U.S. Treasury Secretary Timothy Geithner is more optimistic on the economic outlook than he was three months ago, he said in an interview with French newspaper Le Monde published on Friday.
Bank of America Corp posted a quarterly profit that topped Wall Street forecasts, but the largest U.S. bank warned of a fresh surge in troubled loans from credit card, mortgage and business customers due to the weak economy.
Oil slipped below $62 a barrel on Friday, undermined by concerns over the outlook for the world economy, a stronger dollar and some selling pressure after four days of gains.
Goodyear Tire & Rubber Co said it will close its tire plant in the Philippines by the end of the third quarter, as it tries to cut production capacity to cut costs by $700 million this year.
