Japan's Nikkei average
retreated from a seven-month high Tuesday as traders
took profits ahead of a key selling level, while the chip sector
suffered losses after Elpida Memory Inc said it will
seek bankruptcy protection.
Standard & Poor's on Monday cut Greece's credit rating to SD, or selective default.
Seventy-five years ago, Mopar began as a name for an antifreeze product. That antifreeze brand has grown into the global automobile parts and service arm of Chrysler Group LLC, and its latest announcement further expands its global footprint.
Warren E. Buffett, whose Berkshire Hathaway holding company has made him one of the richest men around, said he’s pleased by new holdings in technology.
Even the world's most revered investor makes mistakes. Warren Buffett admitted he was dead wrong when he predicted a housing recovery last year in his annual letter to shareholders of Berkshire Hathaway, released over the weekend.
The European Central Bank is ready to engage in a new round of aggressive liquidity provision this week, flooding European banks with hundreds of millions of euro worth of cheap financing meant to prop up the tattered European banking and sovereign credit funding systems.
Nissan Motor Co. is recalling nearly 80,000 vehicles in the United States to address gasoline leaks, the company said in documents filed with the U.S. National Highway Traffic Safety Administration.
Business conditions in Texas-area manufacturing continued to expand at a solid pace in February, according to a report released Monday by the Federal Reserve Bank of Dallas.
Profits at the nation's second-largest home improvement retailer rose more than expected in the just-ended quarter as a warmer-than-usual winter, an incipient recovery in the U.S. housing sector and consumer's willingness to once again charge their purchases to their credit cards combined to help boost sales.
Pending sales of U.S. homes rose by two percent in January from the previous month, according to the National Association of Realtors, beating expectations.
The S&P/Case-Shiller Housing Index is expected to show further price erosion throughout the country when figures are released on Feb. 28, according to analysts and housing experts.
Apple again refrained from paying dividends, despite a huge amount of cash on its balance sheet and clamor from some stockholders.
Warren Buffett, the head of U.S. investment company Berkshire Hathaway, said the firm had chosen his successor but did not identify the person.
Royal Ahold NV, the Dutch supermarket retailer, has announced that it has bought Bol.com, the largest online retailer in the Netherlands, from Cyrte Investments and NPM Capital for 350 million euros ($469 million).
The top after-market NASDAQ gainers Friday were: Vocus, EarthLink, Idenix Pharmaceuticals, Leap Wireless International and Silicon Motion Technology Corp. The top after-market NASDAQ losers were: RTI Biologics, 51job, Broadcom Corp, The Andersons and Bio-Reference Laboratories.
Roche, the Swiss drugmaker, has announced that it has extended its tender offer to acquire all outstanding shares of Illumina, Inc., for $44.50 in cash per common share until March 23.
The top aftermarket NYSE gainers Friday were: MetroPCS Communications, Gray Television, United States Cellular Corp, Lions Gate Entertainment Corp and MedcoHealth Solutions. The top aftermarket NYSE losers were: Scudder Strategic Municipal Income Trust, Qihoo 360 Technology Co, Interpublic Group of Companies, Renesola Ltd and Stryker Corp.
The trial on the compensation for the Gulf of Mexico oil spill in 2010 has been delayed until March 5 with negotiations continuing on what should be the amount that BP should be paying.
The euro gained broadly Monday as signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis boosted sentiment, but higher oil prices hurt Asian stocks.
Perhaps familiarity does breed contempt. The biggest U.S. companies have often failed to meet forecasts this earnings season, while their smaller counterparts have delivered.
Why is one professional observer so negative about America's short-term economic prospects?
In his most recent Viewpoint, Goldman Sachs Asset Management Chairman Jim O'Neill gave somewhat of an oil price forecast for 2012 and beyond.
Prudential, Britain's biggest insurer, is considering moving its headquarters from London to Hong Kong to escape tough new capital rules for European insurers, the Sunday Times reported.
As Kingfisher Airlines careens toward collapse, the Central Government finds itself between a rock and a hard place.
Anyone looking for more evidence of a strengthening U.S. economic recovery needs only to consider conglomerate Berkshire Hathaway, where businesses ranging from railroads and electric utilities to furniture and candy stores are racking up record profits.
GMO LLC Co-founder and Chief Investment Strategist Jeremy Grantham's letter for the fourth quarter of last year is out and contains insightful equity-market forecasts for this year and beyond.
A rally on Wall Street will be put to the test next week, with the S&P 500 index at its highest closing level since before the collapse of Lehman Brothers Holdings Inc. in 2008 and the European Central Bank about to flood the financial markets with a new wave of cheap money.
Saudi Arabia has raised crude exports and the United States is considering releasing oil from its Strategic Petroleum Reserve as crude-oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program.
The S&P 500 rose on Friday to close at its highest level since before the collapse of Lehman Brothers Holdings Inc. in September 2008, continuing a pattern of steady gains on apparent signs of U.S. economic recovery.
The Standard & Poor's 500-stock index closed Friday at its highest level since June 2008 as a result of the rise of the U.S. stocks subsequent to increasing confidence on revival of economic situation with the approval of the Greece bailout package.
