Shares of United Technologies Corp fell 4.5 percent in premarket trading on Thursday after the diversified U.S. manufacturer said it would pay $16.5 billion in cash for aircraft components maker Goodrich Corp .
Anglo Asian Mining plans to start work at the Gosha gold mine in Azerbaijan in the second half of 2012 after the successful launch of production at the neighbouring Gedabek mine, the company said in a statement on Thursday.
China's manufacturing sector contracted for a third consecutive month in September while a measure of inflation picked up, suggesting the world's No.2 economy may not be able to provide much of a counterweight to flagging U.S. and European growth.
FedEx Corp , the world's No. 2 package delivery company, reported a higher quarterly profit that slightly beat forecasts but pared its outlook for the full year, citing fuel prices and moderate global economic growth.
Bank of America Corp's top Merrill Lynch brokerage boss, John Thiel, shook up the leadership ranks in a move that eliminated more than a half of the firm's regional manager jobs.
Bob King, the president of the United Auto Workers, has a problem: the labor union that credits itself with creating the American middle class has glimpsed the end of the line.
Gold prices plummeted more than 3 percent Thursday after the Federal Reserve pronounced the economy seriously ill but then prescribed what many traders and analysts saw as a virtual aspirin.
Android smartphones are catching up to Apple's iPhone and are almost way ahead in every direction.
UBS CEO Oswald Gruebel is fighting to keep the Swiss bank's investment arm -- the scene of a $2.3 billion rogue trading scandal -- despite pressure to scale it back or split it off, as he seeks to save his own position.
Stock index futures tumbled on Thursday as a grim outlook from the Federal Reserve and downbeat data on private sector business activity in Europe and China stoked fears the global economy could sink back into recession.
Oil prices fell over $3 a barrel on Thursday, with U.S. futures touching $82.75 a barrel as a combination of signals heightened worries about global economic growth and a rallying U.S. dollar added to downward momentum.
FedEx Corp reported a higher quarterly profit than a year ago, but pared its outlook for the full year, citing fuel prices and moderate global economic growth.
Stock index futures tumbled on Thursday as a grim outlook from the Federal Reserve and downbeat data on private sector business activity in Europe and China stoked fears the global economy could sink back into recession.
Freeport-McMoRan Copper & Gold Inc is unlikely to meet third-quarter sales estimates because of a strike at its vast Grasberg mine in Indonesia.
Gold fell on Thursday, after the Federal Reserve's widely-anticipated move to boost U.S. growth lifted the dollar but pummelled global equities and hit the entire commodities complex.
Spot gold slipped on Thursday under the weight of a rallying dollar, after falling more than 1 percent in the previous session when the U.S. Federal Reserve announced its plan to load up long-term securities and offered a grim economic outlook.
Pakistan's Baluchistan province has objected to a mining lease being sought by a joint venture between Antofagasta and Barrick Gold, further delaying a major planned copper and gold project in the country's southwest.
Stock index futures pointed to a lower open on Wall Street, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures down between 1.4 to 1.8 percent at 0923 GMT (5:23 a.m. ET).
Apple’s rumored upcoming iPhone 5 is the most awaited smartphone on the planet, even though no one outside Apple can even confirm if the phone exists. If it does, it is already facing major competition from the likes of Samsung Galaxy S2 and Motorola Droid Bionic.
The Federal Reserve's 'Operation Twist' to bring down bond yields and stimulate the economy is likely to cause pain for the nation's largest pension funds, already struggling with funding shortfalls from the recent stock market decline.
Greece adopted yet more austerity measures on Wednesday to secure a bailout installment crucial to avoid running out of money next month, as the IMF warned that Europe's sovereign debt crisis risks tearing a giant hole in banks' capital.
UBS CEO Oswald Gruebel will ask the board of the Swiss financial giant to back his leadership and keep its investment bank after a $2.3 billion loss blamed on a rogue trader piled pressure on him to scale back or even split off the division.
Samsung Electronics, the world's No.1 memory chip maker, said it started mass production at a new $10 billion chip line, as it seeks to raise its share in the booming flash memory chip market fueled by robust demand growth in mobile products.
World stocks hit a fresh one-year low on Thursday and investors poured money into safer currencies and government bonds after the Federal Reserve gave a grim outlook for the U.S. economy and China's manufacturing slowed.
Stocks tumbled and the dollar surged on Thursday after a warning from the Federal Reserve that the United States faced a grim economic outlook with significant downside risks and data offered more evidence of a slowdown in China.
Stocks tumbled and the dollar surged on Thursday after a warning from the Federal Reserve that the United States faced a grim economic outlook with significant downside risks and further evidence of a slowdown in China.
The Federal Reserve on Wednesday warned of significant risks to the already weak U.S. economy and launched a new plan to lower long-term borrowing costs and bolster the battered housing market.
Asian stocks tumbled on Thursday, following a slide on Wall Street, as investors took fright at a warning by the Federal Reserve that the United States faced a grim economic outlook with significant downside risks.
SABMiller's $10 billion bid for Australian brewer Foster's Group looks set for success as key shareholders backed the sweetened deal on Thursday with only an outside chance of a rival offer now posing a threat.
United Technologies Corp has reached a $16.5 billion cash deal to acquire aircraft components maker Goodrich Corp , in what would be the diversified U.S. manufacturer's biggest deal in a decade.
