President Barack Obama's budget proposal for 2012 is not a permanent fix for finances and chances are it will be watered down in Congress, Standard & Poor's chief economist said on Monday.
Private equity firm Clayton, Dubilier & Rice said it would buy healthcare and physician services company Emergency Medical Services Corp for a discount price of about $3 billion.
Frustrated with slow mobile Internet speeds and stalling videos, consumers are willing to dole out extra cash for better telecommunicaitons services, allowing more pricing room for operators, a global report showed on Monday.
President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over the next 10 years, but Republicans said it did not curb spending deeply enough to meet their demands.
Deutsche Boerse risks ceding control to NYSE Euronext , a supervisory board member at the German exchange said on Monday.
Deutsche Boerse and NYSE Euronext have an agreement in principle on the broad outlines of a merger, but are side-stepping thorny political issues, two sources familiar with the plan said.
The S&P and Nasdaq ticked higher on Monday, though persistently below-average volume suggested that investor enthusiasm was waning after gains carried stocks to 2 1/2-year highs last week.
Private equity firm Clayton, Dubilier & Rice said it would buy healthcare and physician services company Emergency Medical Services Corp for a discount price of $3 billion.
U.S. stock index futures edged lower on Monday after Wall Street posted two straight weeks of gains that drove indexes to new multi-year highs and investors worried the market is overextended.
Ventana Gold Corp said on Monday it agreed to a sweetened bid from Brazilian billionaire Eike Batista to buy the shares he doesn't already own and which values the company at around C$1.5 billion.
Gold rose above $1,360 an ounce on Monday as the dollar's retreat from highs versus the euro took some pressure off prices, with a second consecutive weekly price rise underpinning investors' confidence in the metal.
Changes headline and paragraph 1 to doubled investment
AOL
Chief Executive Officer Tim Armstrong doubled his stake in the company and now holds about $20 million in AOL shares.The U.S. economy is heading in the right direction and will pick up steam over the next two years, but high unemployment and low inflation still paint an unsatisfactory picture, New York Federal Reserve President William Dudley said on Monday.
Deutsche Boerse risks ceding control to NYSE Euronext , a supervisory board member at the German exchange said on Monday.
The army will need to stay on the streets until a disgraced police force recovers from the heavy damage inflicted by Egypt's turmoil -- an uncomfortable burden for a military designed to fight foreign enemies, not crime. A quick redeployment of the police, which largely dissolved in the first days of the unrest, is a priority for the military command that took control from former President Hosni Mubarak on Friday. It will not be easy.
President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls.
U.S. stocks fell on Monday after posting two straight weeks of gains that drove indexes to new multi-year, although a recent pattern of buying on market declines was likely to continue.
Asia runs the risk of being left behind in the sudden wave of transatlantic stock exchange consolidation, given the tough regulatory regimes, cumbersome ownership structures and protectionist minded governments.
JPMorgan is planning on starting a fund of between $500 million and $750 million to invest in Internet and digital media companies, the Wall Street Journal said on Sunday.
U.S. stocks were set to dip on Monday after posting two straight weeks of gains that drove indexes to new multi-year highs and some investors worried the market was overextended.
Japan's economy shrank slightly in the final quarter of 2010 but analysts expect a recovery this year as stronger exports to China and other parts of fast-growing Asia offset persistently weak domestic demand.
Wall Street was set for a mixed open on Monday, with investors seen pausing for breath after indexes posted a second straight week of gains on Friday, with Chinese trade data and inflation talk seen supporting the market.
China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
China's trade surplus fell to its lowest in nine months in January after imports surged, supporting the government's case ahead of a G20 meeting that it is doing enough to spur domestic demand without speeding up currency appreciation.
World stocks edged toward last week's 30-month high on Monday as China's shrinking trade surplus underscored its robust domestic demand and talk of slower-than-expected inflation eased policy tightening concerns.
Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.
Japan's economy shrank slightly in the final quarter of 2010 but analysts expect a recovery this year as stronger exports to China and other parts of fast-growing Asia offset persistently weak domestic demand.
Nothing like a little revolution to shake up an already turbulent global economy.
A top lawmaker on Sunday created waves over two key aspects of the proposed merger between Deutsche Boerse and NYSE Euronext -- which management team will run the merged entity and what will be its name.
