Ever since Japan began challenging the United States as the leading automobiles and consumer electronics manufacturer in the 1980s, a debate has been raging over whether America's days as the preeminent manufacturing nation in the world are coming to an end. It would only intensify in the next two decades, when another Asian giant, China, emerged as a manufacturing power.
Most of the Asian stock markets declined Tuesday, following losses on Wall Street overnight as increased political uncertainty in France and the Netherlands as well as disappointing Euro zone manufacturing and services PMIs weighed on the sentiment.
Indian software giant Tata Consultancy Services Ltd (TCS) shares gained 12.4 percent in Mumbai trading on Tuesday morning, piggybacking on the company's robust outlook and a 23 percent surge in fourth quarter profits.
The Hong Kong Exchanges & Clearing Ltd said Tuesday that Chung-Kong Chow, who is the former chief executive of subway operator MTR, is appointed as its new chairman.
SmartGrid GB includes British Telecom, General Electric, IBM and Scottish Power, Siemens and Toshiba.
Asian shares inched up on Tuesday but gains were limited as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.
Asian shares fell Tuesday as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.
In a stark reminder of how the recession has damaged the employment prospects of young Americans, an analysis found that more than half of recent college graduates are out of work or toiling in unskilled jobs.
A steep drop in European equities market dominated momentum across continents and asset classes Monday, prompting investors to unload all manner of stocks and commodities for cash.
The Boeing Company (NYSE: BA), the largest U.S. airplane and defense manufacturer, is expected to report higher first quarter earnings as the sale of more high-profit aircraft types offsets rising pension costs.
U.S. automobile sales last quarter beat predictions for the first time since 2008 as demand for small and fuel-efficient cars, strong fleet sales and pent-up demand drove sales up to 14.5 million cars on a seasonally adjusted annual selling basis, according to J.D. Power and Associates and LMC Automotive.
The sinking of Wal-Mart's stock after the Mexican Bribery Scandal, cost the retail powerhouse $4.5 Billion. The loss comes after its investors watched as the companies Mexican subsidiary tried to cover up accusations of corruption in their growth practices.
A steady drip of bad news swelled into a river of losses for European equities Monday, as stock markets across the continent -- some already battered in previous weeks -- experienced significant declines.
A steady drip of bad news swelled into a river of losses for European equities Monday, as stock markets across the continent -- some already battered in previous weeks -- experienced significant declines.
Introducing Brand USA, the United States' first-ever unified tourism campaign.
European and U.S. equities fell hard Monday on concerns about the possibility that a Socialist could become France's head of state and reverse current austerity initiatives as well as downbeat European fiscal and economic data.
Italy's consumer confidence took a nose dive in April according to the country's official statistics office Istat, as Prime Minister Mario Monti's ongoing austerity efforts push the nation into a deeper recession.
The 17-member eurozone managed to reduce deficits to 4.1 percent of the gross domestic product in 2011, down from 6.2 percent in the previous year, according to official European Union figures released Monday. Overall debt increased to 87.2 percent of GDP from 85.3 percent.
China factory activates slumped for the sixth consecutive month, albeit at a slower pace, data released by HSBC showed.
Germany's private sector growth continues to stall in April, weighed down by the steepest contraction in the manufacturing sector since July 2009, according to a preliminary reading released by Markit Economics on Monday.
The companies whose shares are moving in pre-market trade Monday are: Ardea Biosciences, Amylin Pharmaceuticals, Savient Pharmaceuticals, Amarin Corp, DR Horton, Achillion Pharmaceuticals, SGOCO Group, Kellogg Co, Wal-Mart Stores and United States Steel Corp.
Asian stock markets ended lower on Monday as manufacturing data from China failed to ease concerns over a slowdown in the world’s second biggest economy.
Futures on major US indices point to a lower opening Monday as political uncertainty in France and the Netherlands, as well as mixed data from China, weighed on the sentiment.
Asian stock markets declined Monday despite a report showing stable Chinese manufacturing activity in April.
Infosys, one of India's leading software services exporters, is facing a US Department of Homeland Security (DHS) probe following an accusation that the company misused B1 visas.
Nestle SA, the world's largest food group, said Monday that it has agreed to acquire children's food maker Pfizer Nutrition for $11.85 billion.
New York Times says Wal-Mart suppressed an investigation into an extensive bribery campaign carried out by top executives of its Mexican subsidiary
Corporate executives are hesitant to pull the trigger on new acquisitions despite indicating they believe the global economy is improving somewhat, according to a survey of more than 1,500 executives polled by Ernst & Young.
The new investor bywords are “big data.” Initial public offerings last week for both Splunk (Nasdaq: SPLK) and Proofpoint (Nasdaq: PFPT) were smash hits because of it. Big companies like IBM (NYSE: IBM) may be the biggest beneficiaries.
A research firm, Startup Genome, has ranked the world’s top 25 startup ecosystems, based on research from 16,000 startups. Researchers Bjoern Herrmann, Max Marmer and Ertan Dogrultan’s research also throws light on what makes tech startups successful and vice versa.
