The BSE Sensex snapped a five-day rally on Tuesday as investors locked in profits after the government forecast growth may dip below 7 percent, the slowest pace since the 2008 financial crisis.
The rupee lost most early gains in afternoon trade on Tuesday as local equities turned negative and dollar demand from importers, most likely oil refiners, picked up.
Glencore, which currently holds 34 percent of Xstrata stakes, offered 2.8 new shares for each Xstrata share in an agreed all-share merger of equals.
The top after-market NASDAQ gainers Monday were: Coinstar, Hansen Medical, NXP Semiconductors, Exide Technologies, ShoreTel and Yum! Brands. The top after-market NASDAQ losers were: Kenexa Corp, PMC - Sierra, ViaSat, Affymetrix and InterDigital.
The dividend rise marks the firm's first since the massive Gulf of Mexico oil spill.
India's economy is expected to grow at 6.9 percent in the current financial year, its slowest pace in three years, according to the official data released by the government.
The top aftermarket NYSE gainers Monday were: NCR Corp, Standard Pacific Corp, PHH Corp, InterOil Corp and K12 Inc. The top aftermarket NYSE losers: Loews Corp, Sally Beauty Holdings, HyperDynamics, Enzo Biochem and Covidien plc.
The Bank of America tower in Atlanta has taken the U.S. foreclosure crisis to new heights. The 55-storey tower, situated in Atlanta, is set to be sold at an open outcry auction Tuesday after landlord Bentley Forbes missed mortgage payments.
Asian markets edged up on Tuesday even as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum and the euro eased on renewed fears of a messy debt default.
Bank of America Plaza, the tallest building in Atlanta, will be sold in a foreclosure auction on Tuesday, reflecting continued turmoil in the local real estate market.
A political impasse over a new bailout for Greece dominated the tone of trading in risky assets Monday, as U.S. investors - whose attention had been on U.S. economic developments the week prior - once again focused on the Continent.
Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally.
New York Representatives, transit union and Metropolitan Transit Authority members, blasted Congressional Republicans for sponsoring and proposing a bill that would siphon off more than a billion in mass transit funding for New York City.
Stocks edged lower on Monday as investors found little reason to extend a five-week rally on lingering uncertainty over whether Greece would accept the terms of a bailout.
I find the whole spectacle rather patronizing and yet another effort to both “trivialize” and unnecessarily “exoticize” Indian women and their lifestyles.
A new regulatory measure governing America's most popular retirement vehicle aims to help workers save on fees as they build nest eggs but many experts worry the rule, requiring 401(k) plan providers to disclose hidden costs, could result in new charges.
The political undertones in Clint Eastwood's Super Bowl commercial for Chrysler Group LLC were evident in the reaction it provoked. The nationalistic tone for the ad, Halftime in America, left its audience wondering whether it advocated that the upcoming 2012 Presidential election is halftime for President Barack Obama and that he deserves a second term.
California and New York may join a settlement between states and major lenders over foreclosure fraud, potentially boosting the banks' aid to homeowners to $25 billion from $19 billion.
The shock to the U.S. economy after the housing bubble burst in 2008 was like an earthquake which has left one part of the land higher than another part, Federal Reserve Bank of St. Louis President James Bullard said, in a somewhat critical note on the actions of the U.S. central bank.
The Chrysler Group LLC Super Bowl ad featuring Clint Eastwood is making the rounds this morning as one of the more memorable spots during the Giants' 21-17 win over the Patriots on Sunday night.
The total amount raised was more than four times the cash the government was seeking.
Three years after receiving a hefty bailout check from the United States government and enduring a bankruptcy and restructuring process, General Motors Co. is set on attaining a goal of earning more than $10 billion a year.
A failure on the part of Greece's politicians to agree on an austerity framework rippled through the currency markets of London, the government halls of Budapest and the pits of the New York Stock Exchange Monday morning. The nonevent was only the headline occurrence in a morning that was also filled with contradictory, and at times despondent, statements out of Athens.
The BSE Sensex rose for the fifth straight session on Monday, ending 0.58 percent higher, after last week's robust U.S. jobs data helped improve risk appetite, but the rally in the local market is expected to take a breather soon.
European shares fell back from a six-month high early on Monday, with investors worried about whether Greece can avoid a messy default as its politicians struggled to agree austerity measures needed to secure a bailout package.
The rhetoric against illegal Bangladeshi immigration in India is strikingly similar to what right-wing American politicians say about illegal Mexican immigrants
Executive compensation is on the rise, so are CEOs' walk-away packages. More importantly, these golden parachutes are soaring into platinum levels. These 10 CEOs left their helms as million-dollar men.
The top aftermarket NYSE gainers Friday were: K-V Pharmaceutical, 3D Systems, General Growth Properties, Toll Brothers and Post Holdings. The top aftermarket NYSE losers: Jones Group, Royal Caribbean Cruises, HCA Holdings, Goodrich Petroleum Corp and Edwards Lifesciences Corp.
The top after-market NASDAQ gainers Friday were: DepoMed, Pacific Biosciences of California, Oclaro, Zynga and Eagle Rock Energy Partners. The top after-market NASDAQ losers were: Zogenix, RAM Energy Resources, Electronics for Imaging, 21Vianet Group and Micron Technology.
Indian stock markets opened on a positive note and continued to trade in the green on Monday, boosted by unexpectedly healthy news from the U.S. jobs front that is widely seen as a sign of global economic recovery.
