Chrysler Group LLC chief executive Sergio Marchionne received no salary or stock awards from Chrysler in 2011, according to the annual report filed by the company.
The U.S. Treasury is seeking to raise $6 billion by selling shares of American International Group Inc. (AIG), the insurer that was rescued in 2008.
Government bonds expensive, contribute to rise in pension fund deficits.
Japan's economy shrank less than initially estimated in the fourth quarter as companies ramped up capital expenditure, but the current account swung to a record deficit in January as a shift away from nuclear power pushes up fossil fuel imports.
Long-term unemployment harms the economy by causing former workers' skills to deteriorate, says Eric Lascelles, chief economist at RBC Global Asset Management.
A union representing the support staff at Canada's largest airliner -- which includes 8,600 mechanics, cargo agents, baggage handlers and maintenance staff -- said it would strike against its patron starting Monday, after having rejected a government-mediated four-year contract deal for its members. Government intervention is seen likely
Greek tourism revenues could drop by up to five percent in 2012 due to a fall in pre-bookings from Germany, industry officials said Wednesday, denting hopes the key sector will help pull the country out of the Eurozone financial crisis.
If Europe is hit by a recession, bond investors might be led to assume that countries on the continent will have a harder time repaying debts, and that assumption could prompt them to sell off European debt, exacerbating the current crisis.
U.S. home prices fell 1 percent in December, a sharper decline compared to the previous month, Lender Processing Services Inc. (NYSE: LPS) said Wednesday.
Southwest Airlines Co. (NYSE: LUV) saw its February traffic jump 3.9 percent from a year earlier, marking the company's first traffic increase in three months.
A Texas jury found Allen Stanford, Texan financier, multi-billionaire and cricket mogul, guilty of $7 billion fraud Tuesday.
Peru's government will complete divesting itself from the country's sugar mill industry, completing the change in agrarian policy in the country started in 1997 and marking the end of government involvement that sector has seen since 1969, according to Bloomberg News. The development is expected to help boost sugar production in the country and, consequently, send world sugar prices down.
German factory orders unexpectedly decline in January, mirroring a sharp drop in orders from outside the euro zone, flashing an early warning sign that Europe's largest economy could be heading back into recession.
Nonfarm business productivity rose 0.9 percent in the fourth quarter, revised from the previously estimated gain of 0.7 percent, as labor costs increased 2.8 percent.
Companies added 216,000 workers to their payrolls in February, boosted again by a surge in services sector employment, according to data released by ADP on Wednesday.
Futures on major U.S. indices point to a higher opening on Wednesday ahead of economic data including ADP national employment report and non-farm productivity.
Stock markets in Asia declined for the third day Wednesday uncertainty over Greece's debt deal and concerns over a slowdown in global economic growth dampened sentiment.
The top aftermarket NYSE losers Tuesday were: Pandora Media, Aircastle, Office Depot, SWS Group, CVR Partners, Cemex SAB, STMicroelectronics, Cedar Fair, Verifone Systems and Forest Oil Corp.
The top aftermarket NYSE gainers Tuesday were: Apollo Residential Mortgage, Sterlite Industries, First American Corp, Universal American Corp, Hersha Hospitality Trust, Bank of Ireland, iSoftStone Holdings, Seaspan Corp and Tredegar Corp.
Ford CEO Alan Mulally, has received $34.5 million worth of shares, as disclosed by the company Tuesday in a regulatory filing.
The spot price of the benchmark Memphis cotton price have jumped more than 5 percent after India, the world’s second largest producer and exporter of cotton, banned exports of the fibre Tuesday. However, the impact of this ban on prices is expected to be short-lived according to a report.
Asian shares fell for the third day in a row Wednesday as investors grew more risk averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
Asian shares fell for a third day in a row Wednesday as investors grew more risk-averse, with renewed uncertainty over Greece's bailout and mounting worries about slowing global economies overshadowing support provided by ample liquidity.
U.S. stocks finished Tuesday with the worst one-day decline so far in 2012 as a sell-off spread from Europe driven by fear of a disorderly default in Greece and a slowdown in global economic growth.
The U.S. government will cut fees on federally insured mortgages and move to expand home-loan relief to military veterans, President Barack Obama announced Tuesday.
Equities worldwide were in sell-off mode Tuesday, as nagging uncertainty about Greece, sobering news about China's economy and traders' realization that U.S. and European central banks might be finished with cash infusions all seemed to weigh on investors.
General Motors Co. saw a 30.4 percent year-over-year jump in sales of passenger cars in China in February, a record-setting month for the United States automaker. Sales rose primarily due to the absence of the Lunar New Year holiday, which fell at the beginning of the month last year.
The macroeconomic measures adopted under Deng Xiaoping -- infrastructure, deregulation, privatization, decentralization, attraction of foreign investment and improved access for exports -- must now give way to changes in how the real economy operates.
Private-equity firm Kohlberg Kravis Roberts & Co. and Chesapeake Energy Corp. announced a partnership to invest in mineral and royalty interests in prominent oil and gas basins in the United States.
The euro area's economy shrank in the fourth quarter, raising fear that the euro bloc may already be sliding back into recession as spending, exports and manufacturing collapsed.
