U.S. consumer spending fell in April from March, despite personal income posting the largest increase in 11 months, a government report said on Monday, showing activity in the second quarter getting off to a slow start.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.
Australian Dollar: Positive sentiment towards the Aussie dollar continued on Friday entering offshore trade marginally above 79 cents amidst continued concern over the 1.75 trillion USD government debt.
U.S. consumer spending fell in April, despite personal income posting the largest increase in 11 months, a government report showed on Monday, pointing to lackluster consumption activity in the second quarter.
Futures for the Dow Jones industrial average, the Nasdaq 100 and the S&P 500 share indexes are up 0.9-1.6 percent, pointing to a higher start on Wall Street.
U.S. domestic policy on curbing carbon emissions is crucial for a global climate deal this year, a top Indian negotiator said on Monday, adding rich countries also had to provide a commitment on funding for poorer nations.
PV Crystalox Solar expects 2010 will prove better for the solar industry as new stimulus packages take effect and as weak demand and inventory overhang that has hit pricing improves in the second half of this year.
An environmental start-up backed by Al Gore's venture capital firm aims to take advantage of coming U.S. climate change legislation by helping companies like Coca Cola and even cities cut pollution.
General Motors Corp will file for bankruptcy later on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
Oil rose more than 2 percent to a seven-month high on Monday, extending its biggest monthly gain in a decade due to rallying stock markets and sustained expectations for a global economic recovery.
A U.S. bankruptcy judge on Sunday approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
Japan's Sony Corp plans to sell a smaller and lighter PlayStation Portable handheld game machine later this year, according to video game websites which cite what they say is Sony's own promotional video clip.
A U.S. Bankruptcy Court judge approved the sale of substantially all of U.S. automaker Chrysler's assets to a group led by Italy's Fiat SpA hours before an expected bankruptcy filing by General Motors Corp .
General Motors Corp will file for bankruptcy on Monday, U.S. officials said, forcing the 100-year-old automaker once seen as a symbol of American economic might and dynamism into a new and uncertain era of government ownership.
Oil rose 1 percent to hit a fresh seven-month high on Monday as stock market optimism and sustained hope for a global economic recovery supported the market's best monthly gains in a decade.
A global economic downturn, lower but lately rising oil prices and an aggressive U.S. environmental agenda have made for one of the most bewildering energy investment landscapes in decades.
U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.
U.S. Treasury Secretary Timothy Geithner, aiming to persuade China that its U.S. investments were safe, pledged that the Obama administration was firmly committed to ratcheting down huge deficits as quickly as it can once economic recovery is assured.
General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy filing before markets open on Monday.
General Motors Corp has tens of billions of dollars in government backing, a grudging labor peace and the support of its big bondholders as it gets ready for what is intended to be a swift dash through one of the biggest bankruptcy cases in U.S. history.
Oil prices extended their rally to near their highest in seven months on Monday, as dollar weakness, stock market optimism and sustained hope for economic recovery supported the market's best monthly gains in a decade.
General Motors Corp and the U.S. government finalized plans for the battered company to reorganize, setting the stage for America's largest-ever industrial bankruptcy on Monday and heralding a new and uncertain era for the No. 1 U.S. automaker.
