General Motors Co will not make any product commitments solely to achieve a deal with the United Auto Workers union in upcoming contract talks, the automaker's top labor executive said on Monday.
Borders Group Inc has entered talks to sell a small number of stores to retailer Books-A-Million Inc while hundreds of its other locations could be liquidated, according to two sources close to Borders' bankruptcy process.
Halliburton Co , the world's second-largest oilfield services company, reported a forecast-topping 54 percent jump in profit on Monday as a U.S. onshore drilling boom showed no sign of cooling off.
Fitch Ratings on Monday reiterated its view that if the U.S. debt ceiling is not raised prior to August 2, the agency will place the U.S. AAA rating on what it terms ratings watch negative, meaning it could downgrade it within three to six-months.
Stocks fell more than 1 percent on Monday as concerns the United States and Europe were not coming to grips with their debt problems battered bank shares.
Some of the world's largest asset managers are cutting ties to credit rating agencies, potentially signaling the beginning of the end of their grip on global financial markets.
Stock indexes fell more than 1 percent on Monday, led by banks on concerns the United States and Europe were not coming to grips with the extent of their debt problems.
Frank Sinatra sang 'this fine old world, it keeps spinning around.' And generating heat: about one-half of the Earth's internal heat comes from radioactive decay in its interior, a new study in Nature Geoscience has demonstrated.
Charles Schwab Corp said quarterly earnings rose 16 percent as asset management fees and interest revenue offset a slowdown in client trading.
U.S. leadership could be the vital spark needed to revive moribund world trade talks, World Bank President Robert Zoellick said on Monday, decrying as defeatist the mindset of those prepared to see the deal fail.
Stock index futures were lower on Monday as the deadline for a U.S. debt deal neared with no resolution in sight and investors continued to fret over ongoing fiscal problems in Europe.
As the saying goes, ‘you’re in the Army now,’ so you’ll be issued boots, guns, ammunition…and one day perhaps an iPhone. The U.S. Army is testing the feasibility of using smartphones in field operations.
Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
Stock index futures slumped on Monday with no deal in sight on raising the U.S. debt ceiling and investors still fretting over ongoing fiscal problems in Europe.
Pressure on Europe's banks to raise more capital increased on Monday after last week's stress tests revealed their holdings of European sovereign debt, with likely losses on Greek bonds a growing concern.
Spot gold prices touched a new record high of $1598.41 on Monday, extending the longest rally in about 40 years. The latest wind in the tail came from worsening worries of a European sovereign crisis and the painful stalemate in the US debt ceiling talks that has raised the specter of an unprecedented Treasury default.
Confusion over competing policy proposals reigned among officials and bankers on Monday as Europe struggled to put together a second bailout of Greece and prevent the region's debt crisis from spreading.
Stock index futures slumped on Monday with no deal in sight on raising the U.S. debt ceiling and investors still fretting over ongoing fiscal problems in Europe.
Radioactive decay of uranium, thorium and potassium is responsible for about 50% of the heat coming from the Earth's internal area, a study published in Nature Geoscience has found.
Wall Street will soon get an idea of just how far the regulatory pendulum will swing.
Hedge fund firm Man Group is to buy exposure to the estates of defunct U.S. bank Lehman Brothers from funds run by its GLG unit for $355 million, in an effort to clean up the funds' holdings and make them easier to sell to new investors.
World stocks and the euro fell while gold hit record highs on Monday as disappointment over financial health checks on European banks and escalating U.S. and euro zone debt problems sent investors scrambling for safe haven assets.
German Chancellor Angela Merkel called on Sunday for private investors to make a major contribution to bailing out Greece, as pressure rose for radical action to cut the country's debt burden.
Gold and the Swiss franc hit record highs on Monday with further gains likely as the lack of any breakthrough to the escalating debt crisis in the euro zone and the United States saps demand for risky assets.
Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.
While investors fret about a jump in bad loans from China's local government entities, the country's so-called Big Four banks are busy squirreling money away for the day when borrowers start defaulting in large numbers.
Borders Group Inc inched closer to liquidation on Sunday after a bidding deadline passed without offers, the Wall Street Journal said, citing people familiar with the matter.
Allegations of fraud and accounting irregularities at Chinese companies are likely to continue for at least the near term and the accusations may hamper the firms' access to funds regardless of the claims' merit, Fitch Ratings said.
Boutique financial advisory firm Greenhill & Co posted better-than-expected second-quarter earnings on Sunday, rushing the results out after reports on departures at the firm hit the company's stock.
Reinsurer Validus Holdings Ltd defended its $3.25 billion bid for Transatlantic Holdings Inc , saying a deal would create more than $1 billion of earnings power that it could put toward more share repurchases.
