Eastman Kodak (Pink: EKDKQ) will win court approval to ax more people and sell units, a veteran bankruptcy lawyer said. But it won't get anything near full price for the units as well as for 1,100 patents that interest Apple (Nasdaq: AAPL) and Google (Nasdaq: GOOG) because of the stain of bankruptcy.
If, as one analyst expects, Apple sales of its new iPhone 5 -- estimated to cost about $600 each -- reaches 8 million, it could boost the GDP of the U.S. by half a percentage point.
Moody's warned Tuesday it could strip the U.S. of its coveted triple-A credit rating if Congress fails to produce a budget that will bring down the federal debt burden.
Royal Philips Electronics NV, the largest maker of lights, said Tuesday it plans to cut another 2,200 jobs by 2014 to save €300 million ($383 million) a year as economic conditions deteriorate.
Prana Biotechnology Ltd, Dryships Inc., Sanofi SA, Tata Motors, Amarin Corp, American International Group, ArcelorMittal and Delhaize Group are among the companies whose shares are moving in pre-market trading Tuesday.
Foreclosed properties in the U.S. cause only a modest decline on the home prices of nearby properties, and the effects go away a year after the distressed property is resold, according to a working paper by the National Bureau of Economic Research.
The U.S. stock index futures pointed to a higher open Tuesday as investor sentiment turned positive amid hopes that the Federal Reserve would announce monetary easing measures this week to revive the economic growth momentum.
Most U.S. employers are unwilling to add workers because of uncertainty around November's elections, the Federal budget, and the effect of Europe's slowdown, according to a quarterly hiring survey by ManpowerGroup. The pace of hiring is expected to slow in large emerging economies including China and India.
European markets fell Tuesday as investor confidence was weighed down by increasing concerns of the debt crisis affecting the euro zone.
Investors fed up with years of poor returns are deserting BRIC equity funds, pushing share valuations to record cheap levels and questioning the future of the high-profile investment theme.
The top after-market NYSE gainers Monday were Calix, Inc, Nam Tai Electronics, Freescale Semiconductor, Harbinger Group and Northern Tier Energy LP. The top after-market NYSE losers were Palo Alto Networks, El Paso Pipeline Partners LP, Sun Communities, EnergySolutions Inc and General Growth Properties, Inc.
Most of the Asian markets fell Tuesday as investors' concerns about the debt crisis affecting the euro zone were revived, undermining the optimism initially raised by the bond-buying plan announced last week by the European Central Bank.
Asian shares eased Tuesday ahead of a key German ruling on the euro zone's bailout funds and the U.S. Federal Reserve's policy decision.
Strikes at South African mines controlled by Lonmin PLC (London: LMI), the world's third-largest platinum producer, and Gold Fields Ltd. (NYSE: GFI), the fourth-largest gold miner, escalated Monday, further endangering production of the metals.
Venerable forecaster IDC predicted global spending on information technology this year will rise six percent to about $3.6 trillion, despite sluggishness in sector like PCs. The market also includes telecommunications services.
Confrontations in karaoke parlors have culminated in murderous violence in parts of Asia.
Cell Therapeutics, Deutsche Bank, Transocean Ltd., Peregrine Pharmaceuticals, Kraft Foods Inc, American International Group, Seadrill Ltd and Anheuser-Busch InBev are among the companies whose shares are moving in pre-market trading Monday.
Asian stock markets mostly ended higher Monday on hopes that major economies including the U.S and China would soon announce a new round of stimulus measures to spur growth.
Most of the European markets marginally fell Monday as investor optimism over last week's bond buying plan announced by the European Central Bank began to fade and concerns about the debt crisis faced by the euro zone was revived.
Crude oil futures slightly declined Monday as weak economic reports from the U.S. and China weighed on the sentiment.
Most of the Asian markets rose Monday as investors remained hopeful that stimulus measures would soon be announced by China to boost its economy as its industrial production growth rate slowed down in August compared to previous month.
China reported a trade surplus of $26.66 billion in August amid the slower-than-expected growth in exports and imports, raising concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown.
Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
China's factories ran at their slowest rate for 39 months in August, the government reported Sunday.
A slowdown in exports, a slump in the earnings of domestic companies and surging food prices cast downward pressure on the world's second-biggest economy in August as the China's National Bureau of Statistics reported Sunday that the Consumer Price Index rose 2 percent.
Asian stock markets ended with gains last week after the European Central Bank (ECB) announced plan to reduce borrowing costs of struggling euro zone countries’ and news that Chinese regulators had approved another batch of infrastructure projects, which should stabilize and restore growth in the world's second largest economy. Market participants’ are likely to focus on Federal Open Market Committee (FOMC) interest rate decision on September 13th.
The top after-market Nasdaq gainers Friday were Cynosure Inc, Maxygen Inc, KiOR Inc and Cray Inc. The top after-market Nasdaq losers were TGC Industries Inc, Emmis Communications Corporation, Steel Dynamics Inc and Merge Healthcare Inc.
Asian stock markets posted their first weekly gains in three weeks as the European Central Bank's (ECB) announcement about its widely anticipated bond-buying program, and Chinese stimulus measures, triggered a rally on Friday.
Each week, the IBTimes Money team picks the six biggest, most dramatic, or most compelling winners and losers in business. For the week of Sept. 3-7, the former include global automakers such as the Honda Motor Co. (NYSE: HMC), and the latter include the Nokia Corp. (NYSE: NOK).
Paul Volcker, the former Federal Reserve chairman and a great proponent of new bank regulations, was a key enabler in the rise and eventual collapse of Fannie Mae, the government-sponsored enterprise focused on mortgage financing, according to a new book.
