A new survey conducted by Deloitte suggested Gen Y consumers, generally between the ages of 19 and 31, prefer hybrids or electric vehicles -- vehicles with some electrified elements.
To extreme right-wing Hindus and ultra-nationalists, the holiday represents a dire threat to traditional Indian values and represent part of what they believe is a conspiracy by the West to destroy Indian culture.
The Chinese New Year celebration is expected to increase strong demand for gold in Asia, according to industry experts.
Nissan Motor Co. said Thursday that it will build a $2 billion plant in Mexico to manufacture small cars, most of which will be sold in the U.S.
The outlook on platinum prices is cautious, said UBS, due to a deteriorating European truck market fueled by the crisis in Europe. The precious metal is a key component in catalytic converters for heavy duty diesel vehicles, tying platinum's outlook to the continued production of cars and trucks.
U.S. 30-year fixed-rate mortgage rates in the week ending Jan. 26, from 3.88 percent in the previous week, according to Freddie Mac.
Japanese electronics giant NEC Corp. stunned the Japanese markets Thursday, announcing it expected to lose ¥100 billion ($1.3 billion) and lay off 10,000 employees globally next year. The view -- announced during the company's quarterly earnings release conference call -- was a wild swing from previous statements, where the company had set positive 2012 earnings guidance of ¥15 billion.
New orders for manufactured goods rose in December and a gauge of future business investment rebounded, while new claims for jobless benefits rose only moderately last week, suggesting the labor market was still healing.
Claims for jobless benefits in the third week of January rose after falling to the lowest level in nearly four years. However, overall trends suggest fewer layoffs and more hiring.
Nokia, the world's largest cellphone maker by volume, reported a 73 percent fall in fourth quarter earnings as sales of its new Windows Phones failed to slow the rapid dominance of Apple's iPhone or to compensate for diving sales of its own old smartphones.
European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it is ready to offer additional stimulus to boost economic growth.
Stock index futures rose on Thursday, adding to gains from the previous session when the Federal Reserve boosted equities by saying it was likely to keep interest rates near zero until at least late 2014.
NEC Corp said Thursday it will slash 10,000 jobs, almost one in 10 of its workers, to trim costs after the electronics maker announced a loss of 87 billion yen ($1.11 billion) for the three months to December 31.
The companies expected to see active trade Thursday are: AT&T, Caterpillar, Netflix, Starbucks Corp, Colgate-Palmolive, SanDisk Corp, 3M, Bristol Myers Squibb, Lockheed Martin, EQT Corp and Juniper Networks.
The top aftermarket NYSE Losers Wednesday were: Guggenheim Strategic Opportunities, Covance, Varian Medical Systems, LIN TV, NRG Energy, Quantum Corp, Denbury Resources, EQT Corp, InterOil Corp and Petroquest Energy Inc.
The top aftermarket NYSE gainers Wednesday were: Teradyne, Kodiak Oil & Gas, LSI Logic, Buckeye Technologies, United Rentals, Cliffs Natural Resources and Lennar Corp.
Equities, commodities and the euro extended gains Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth.
In today's volatile markets in order to embark of cross border deals, the due diligence capabilities have to extend beyond its traditional boundaries like financial and legal and aspects like culture, management depth, systems, regulatory and market would have to be looked at in depth according to an expert in the field.
Japan's Nikkei average retreated from a three-month high on Thursday as disappointing results from Fanuc and Fuji Electric weighed, though the Federal Reserve's signal of its readiness to further stimulate the U.S. economy provided support.
With worries about the debt crisis in Europe and high unemployment in the United States drawing the public's attention, the sliding value of corporate pension funds has largely gone unnoticed.
Thirty cities accounted for half of all global commercial real estate investment from 2008 to 2011, according to a report released Wednesday.
New car sales in January continued to rise at a steady pace, according to TrueCar.com, continuing the auto industry's slow but stable recovery.
Silver is currently on a bullish cycle and the price of bullion is likely to rise from current levels around $32 per ounce to $50 and beyond this year, Swiss banking giant UBS said in a note to clients Tuesday.
Stocks rose on Wednesday after the Federal Reserve said it would keep interest rates near zero through at least 2014 and Apple's spectacular results boosted investor sentiment.
Big profits from Apple and a promise from the Federal Reserve to keep rock-bottom rates for at least two more years powered the U.S. stock market higher on Wednesday.
Secretary of the Treasury Timothy Geithner said Wednesday he won’t serve in a second Obama Administration
because he doesn’t expect to be invited to continue.
The United States has a huge budget deficit, so taxes are going to have to go up. I certainly agree that they should have to go up more on the rich than everyone else. That's just justice, Gates said on Wednesday while discussing President Obama's State of the Union address.
New York Attorney General Eric Schneiderman has been a leading critic of a deal with the nation's largest mortgage servicers over improper foreclosure practices.
It Romney were an athlete, he would be somewhere in the middle of the pack.
Obama's task heading into the speech was threefold: list his administration's accomplishments; lay out his agenda the coming year; and give Congress a gentle scolding. It was praised by scholars but was it effective?
