About 45,000 Verizon Communications employees are set to end a two-week strike and return to work by Tuesday after the telephone company and unions said they reached an agreement to resume bargaining.
Economist Nouriel Dr. Doom Roubini, the NYU professor who 4 years ago accurately predicted the global financial crisis, said U.S./Europe policy makers must invest in a new, smarter social safety net to restore a balance between the free market and public goods. If it doesn’t occur, a systemic flaw will, at minimum, continue to hinder economic recovery.
Germany on Saturday rebuffed renewed calls that euro zone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already.
Germany's SAP , the world's biggest maker of business software, said confidence among its clients in no way reflected reported fears of a looming economic downturn.
To say it's been a discomforting summer for U.S. stock investors would be an understatement. The Dow has been on a wild ride, with large market drops followed by sudden reversals. Look for market choppiness to continue until investors determine whether the Fed's latest monetary policy decision will be enough to rev-up U.S. GDP growth.
Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
The higher gold climbs the more intense the debate between bulls and bears, those who think the yellow metal has a long way to run before it even approachs its 1980 inflation-adjusted high of $2,400 and those who say the latest nominal record of $1,852.20 is just waiting to pop.
Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.
Grant Thornton International, a global accounting and consulting firm, is warning that the worldwide mining sector faces an uncertain future in the shadow of increasing and unpredictable government intervention.
A European finance minister with sway over member states' taxes and budgets is needed to lead the euro zone out of its debt crisis, says the Chief Executive of Germany's second-largest lender, Commerzbank.
South Africa's National Union of Mineworkers said Anglo American Platinum (Amplats), the world's largest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious metal.
With gold prices vaulting 30 percent so far this year pawn shops and rare coin dealers are doing a land office business ... and close behind are the bad guys.
An increase in the number of people playing free games is providing the gaming industry with an additional source of revenue as gamers shell out millions for virtual goods and add-ons.
Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly.
Bain Capital has agreed to buy Australian software maker MYOB for about A$1.2 billion ($1.3 billion) after Sage Group plc's bid ran into last-minute trouble, two sources with direct knowledge of the matter told Reuters on Saturday.
Bain Capital has agreed to buy Australian software maker MYOB for about A$1.2 billion ($1.3 billion) after Sage Group plc's bid ran into last-minute glitches, two sources with direct knowledge of the matter told Reuters on Saturday.
Japan is considering intervening in the currency market again to stem further yen gains after the currency's overnight ascent to a fresh record high against the dollar, the Nikkei newspaper said on Saturday.
An ex-Moody's Corp derivatives analyst said the credit-rating agency intimidated and pressured analysts to issue glowing ratings of toxic complex, structured mortgage securities.
Sprint Nextel Corp has held talks with cable partners about supporting their loss-making Clearwire Corp wireless venture in the face of increasing competition from bigger rivals, according to two people familiar with the matter.
Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another U.S. recession and destabilization in Europe's financial system.
Wall Street ended a fourth week of losses on a down note on Friday as most buyers left the market before the weekend on growing fears of another U.S. recession and destabilization in Europe's financial system.
A lawyer caught up in the government's massive insider trading investigation was sentenced to three years in prison on Friday after pleading guilty to participating in a scheme to trade on corporate secrets from a prominent law firm.
From dawn in Tokyo to dusk in New York on Friday, fear lifted gold to a record high -- its fifth such day in a row -- and boosted silver, too, as the world's investors succumbed to the accumulated effect of one emerging danger after another.
Which sectors log the most hours in the U.S.? As you'll see from the Bureau of Labor Statistics data, Americans are a hard-working bunch.
Unemployment rates increased in more than half of the U.S. states in July as the shaky national economy took its toll on jobs, Labor Department data released on Friday showed.
Bill Gross, manager of the world's largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.
Stocks fell on Friday as Hewlett-Packard's weaker outlook and corporate shakeup added to the uncertainty for investors.
The Obama administration has announced that it will review the cases of more than 300,000 illegal immigrants facing deportation to determine if they can remain in the United States.
Bank of America Corp plans to cut 3,500 jobs in the next few weeks as CEO Brian Moynihan tries to come to grips with the bank's $1 trillion pile of problem home mortgages.
Bill Gross, manager of the world's largest bond fund, said on Friday the rally in Treasury yields to 60-year lows reflect a high probability of recession in the United States.
