HP's TouchPad could touch Apple's iPad, but BlackBerry maker Research in Motion still thinks its smartphones can touch Apple's iPhone. Never mind that the iPhone keeps leaving the BlackBerry, the original hit smartphone, behind. RIM keeps trying. Tuesday, RIM announced three new BlackBerry smartphones, including the all-new BlackBerry Curve 9350, BlackBerry Curve 9360, and BlackBerry Curve 9370.
You can’t blame investors for feeling slightly queasy about the U.S. stock market these days. One day of relatively positive data points is followed by a day with enough bad news to keep a stock investor up at night. But based on a condensed, cross-methodological analysis, in which direction is the Dow likely to head in the next six months?
A cabinet minister and deputy leader of Chancellor Angela Merkel's Christian Democrats on Tuesday backed calls to demand collateral for euro zone bailouts, but her comments did not appear to be the German government's official view.
China's factory sector is likely to slow slightly for a second consecutive month in August as sluggish overseas demand saps new orders, HSBC's China Flash PMI showed on Tuesday.
BYD Co's profit warning and failure to deliver its promised electric car plan sent shares plunging to a more than two-year low, as the Chinese auto and battery maker backed by Warren Buffett struggles with steady sales declines and waning popularity of its top model.
Precious metals fell in early U.S. trading Tuesday, along with Treasuries, as investors appeared set to return to riskier assets like stocks.
S&P couldn't take back its U.S. debt rating downgrade that rocked global financial markets. Once it was done, it was done. But now we know the agency embroiled in controversy for two weeks since its Aug. 5 downgrade was met with corporate regret. The ratings agency said Tuesday that Deven Sharma, S&P's president since 2007, will sept down. He will be succeeded on Sept. 12 by Citibank Chief Operating Officer Douglas Peterson. The move caps two weeks of controversy that has embroiled the com...
Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared.
Postmaster General Patrick Donahoe is proposing some dramatic changes to cut costs – including the firing of one-fifth of all employees (some 220,000 people) either through layoffs or attrition; the elimination of Saturday mail delivery; and the closing of nearly 4,000 post offices across the country.
Spot gold soared to an all-time high above $1,910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
Pawnbroker H&T Group Plc said it expected full-year results to be above the top end of current market expectations, driven mainly by surging gold prices that boosted its first-half pretax profit.
Latin American precious metals miner Hochschild Mining posted its highest-ever first-half profit, driven mainly by strong gold and silver prices, and said it was on track to meet its full-year production target.
Vietnam's central bank has authorized at least one domestic firm to import more gold to help cool soaring prices and state-run newspapers said it may open the market to unlimited imports to narrow the gap between local and world quotes.
Stock index futures rose sharply on Tuesday, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared.
Australia and New Zealand Banking Group's China unit has received regulatory approval to trade gold futures on the Shanghai Futures Exchange, it said on Tuesday, becoming the second foreign bank allowed access to the country's gold futures market.
Gold prices retreated more than 1 percent from record highs on Tuesday as a recovery in appetite for assets seen as higher risk, such as stocks, took the steam out of a rally that many saw as overdone above $1,900 an ounce.
The Shanghai Gold Exchange said on Tuesday that it will raise trading margins on three gold spot-deferred contracts to 12 percent from 11 percent from Aug. 26 to limit trading risks following recent wild price swings.
A rival bid for Kinetic Concepts Inc , a U.S. maker of medical devices used in wound care, by medical technology firm Convatec is worth more than 40 billion crowns ($6.3 billion), Swedish daily Dagens Industri reported on Tuesday, citing sources.
Australian brewer Foster's Group put pressure on SABMiller to raise its $10 billion hostile takeover offer on Tuesday, unveiling a A$500 million ($521 million) capital return to shareholders.
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Memories of the panic that engulfed the world after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash for cash during August's market falls, private bankers said.
World stocks, the euro and commodity prices advanced on Tuesday after gauges of Chinese and German manufacturing activity were not as weak as some had feared.
Australian brewer Foster's Group sought to put pressure on SABMiller to up its $10 billion hostile takeover offer, unveiling on Tuesday a A$500 million ($521 million) capital return even as profits slid.
Swiss bank UBS AG plans to slash around 3,500 jobs, almost half of them from its investment bank, as it seeks to shave some 2 billion Swiss francs from annual costs by the end of 2013.
Vice President Joe Biden said on Monday China's leaders did not seek reassurances about the weak U.S. economy, and he called Xi Jinping -- the man expected to take over as China's next president -- pragmatic and strong.
Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to buy lied to the U.S. government about its mortgages, yet went ahead with the purchase and should be held financially responsible, the Justice Department said on Monday.
The Federal Reserve will take action if the economy weakens substantially and deflation reappears, a senior Fed official said in an interview with Japan's Nikkei business daily published on Tuesday.
Spot gold soared to an all-time high above $1,910 on Tuesday, on course for its biggest monthly rise in 29 years, as persistent worries about global economic growth burnished bullion's safe-haven appeal.
Deven Sharma will step down as president of ratings agency Standard & Poor's to work on the company's strategic portfolio review before leaving the company at the end of the year.
The president of Standard & Poor's, Deven Sharma, is stepping down, just a few weeks after the ratings firm issued a controversial downgrade of U.S. government debt, the Financial Times reported.
