American International Group
will take a fourth-quarter charge of $4.1 billion for raising its loss reserves, the insurer said on Wednesday.Mustafa Fikri could not even be at his wife's hospital bedside when she gave birth to their first son. He was working and the last thing on the Cairo cab driver's mind was protesting against Hosni Mubarak's repressive rule. His preoccupation for the day was for the city's roads to stay open and protests to be peaceful, so people would venture out and need his services.
U.S. job openings slipped in December, a government report showed on Tuesday, but a decline in layoffs supported views of a gradual labor market recovery. Job openings, a measure of labor demand, eased 139,000 to a seasonally adjusted 3.1 million, the Labor Department said in its monthly Job Openings and Labor Turnover Survey.
President Barack Obama will propose giving financial relief to U.S. states struggling with high unemployment insurance debt, the White House said on Tuesday, hoping that a lifeline now will avoid bailouts later.
The union representing British Airways BAY.L cabin crew said on Tuesday it planned to ballot members again on taking strike action after saying a recent vote was potentially invalid. Cabin crew voted last month to hold further strikes in a long-running dispute which has already cost the airline some 150 million pounds.
Gold rose back towards yesterday's 3-week peaks in London on Wednesday, pushing higher against all major currencies as world stock markets slipped.
Gold held close to the previous session's near three-week high in Europe on Wednesday, supported by an increased focus on inflation after China's second interest rate hike in six weeks.
In Chester County, South Carolina, off a dirt road in the middle of a field, insurance companies are literally unleashing a storm.
The London Stock Exchange is to buy Canada's TMX to claw back lost market share and create the world's fourth-largest bourse trading $4.1 trillion of stock a year.
U.S. stock index futures fell on Wednesday a day after the Dow posted its seventh consecutive advance in the year's lowest overall volume, possibly signaling the rally could be wilting.
The London Stock Exchange is to buy Canada's TMX stock exchange operator to create the world's fourth-largest trading center and claw back some of the market share it has lost in recent years.
UK unemployment rate is expected to peak this year and will remain stubbornly high during 2012, the Confederation of British Industry (CBI) said on Wednesday.
Wall Street was set for a slight fall on Wednesday, after a strong run that has taken share prices to their highest levels in more than two and a half years, and with investors awaiting the latest batch of earnings in a reporting season in which most companies have beaten forecasts.
China's central bank is poised to raise benchmark interest rates twice more in the first half of 2011 for a total tightening of 50 basis points, before keeping them steady for the remainder of the year, a Reuters poll on Wednesday showed.
World stocks fell from this week's 29-month high on Wednesday as China's interest rate rise prompted investors to book profits, while general optimism over global growth sent 10-year U.S. bond yields to nine-month highs.
Toyota Motor Corp shares soared on Wednesday after a U.S. government report gave its cars a clean bill of health and a better-than-expected profit outlook helped the world's largest automaker put a dismal year behind it.
Morgan Stanley may turn its remaining proprietary trading group into an electronic client trading business, according to the Wall Street Journal.
Securities regulators on Wednesday will move to scale back markets' reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings.
The Federal Communications Commission will launch an initiative on Wednesday to spur broadband deployment by reducing regulatory barriers.
Wells Fargo & Co's chief financial officer will retire after taking nearly a half year of unpaid leave and will be replaced by the bank's administrative chief.
Facebook, the world's largest social-networking site, will open a sales office in Hong Kong, in a move to tap the region's booming Internet scene, local media reported on Wednesday.
Harry & David Holdings Inc, the mail-order food company known for its fruit baskets and Moose Munch snacks, said on Tuesday it may go out of business unless it can agree with creditors on a plan to restructure its debt.
A government probe cleared Toyota Motor Corp's electronics of causing unintended acceleration, a big victory for the world's top automaker as it seeks to recover from the hit it took over runaway vehicle accidents.
After years of asking investors for patience, exchange operator NYSE Euronext says 2011 will be the year that things finally come together.
Two senior U.S. congressional Republicans said on Tuesday they were troubled by reports of computer hacking attacks on trading systems run by Nasdaq OMX Group Inc and asked for some answers.
Two top Federal Reserve officials said on Tuesday they expect the central bank's $600 billion bond purchase program to run its full course, while a third said the central bank should seriously consider scaling it back.
A U.S. investigation into allegations of insider trading in the $1.9 trillion hedge fund industry for the first time ensnared two former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.
Seven-year-old Facebook is already fast outgrowing its Silicon Valley abode.
A U.S. government investigation showed no link between electronic throttles and unintended acceleration in Toyota Motor Corp vehicles, a victory for the world's top automaker battered by recalls over runaway vehicles.
A “severe winter drought” in China threatens to put wheat production at risk, stated a special alert from the Food and Agriculture Organization of the United Nations.
