Ford names Farley head of global marketing, sales
Ford Motor Co has named Jim Farley its first head of global marketing, sales and services and appointed the head of Volvo to run its European operations when it completes the sale of the unit to China's Geely
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New strike hits Honda parts supplier in China
A strike has broken out at a south China factory supplying parts for Japan's Honda Motor, the latest in a string of stoppages by Chinese workers demanding a bigger piece of the country's economic wealth.
Wall St drops 1 percent after data stirs deflation worry
U.S. stocks fell on Thursday on anemic economic data that overshadowed solid earnings results from banking bellwether JPMorgan Chase & Co .
Honda to focus on hybrids, drop microcar plant: report
Honda Motor Co, Japan's No.2 automaker, will drop plans to build a new minivehicle factory and focus on its green vehicles business
South Korea open to creative fix for U.S. autos
South Korea is ready to consider creative solutions to open its market to more U.S. beef and auto imports to help win U.S. approval of a bilateral free trade agreement
China may shut websites with pornographic writing
China's press watchdog has threatened to shut down more than 120 websites offering pornographic fiction, the official Xinhua News Agency reported on Thursday.
Building on a father's entrepreneurial legacy
The death of a parent is always hard, but for Julie Smolyansky it was compounded by having to quickly take over her father's successful food company, which makes a cultured milk product called kefir.
Gold rises as soft U.S. data pressures other assets
Gold rose on Thursday, benefiting from a retreat in risk appetite after soft U.S. economic data knocked stocks, the dollar and industrial commodities lower.
Spot gold was bid at $1,211.70 an ounce at 1528 GMT against $1,207.50 late in New York on Wednesday. U.S. gold futures for August delivery rose $5.40 to $1,212.40.
JPMorgan beats expectations as loan loss reserve cut
JPMorgan Chase & Co posted better-than-expected quarterly earnings on Thursday as it wrote off fewer bad loans, but its shares dropped as investors fretted about management's sober assessment of the economy.
Wall Street bill clears crucial Senate hurdle
The broadest overhaul of U.S. financial rules since the Great Depression was on its way to becoming law on Thursday after it cleared a crucial hurdle in Congress.
Dollar falls on weak U.S. data, euro short squeeze
The U.S. dollar fell broadly on Thursday, with the euro soaring to a two-month high above $1.29 as soft inflation and manufacturing data added to concern about the strength of the U.S. economy.
Data showing a third straight monthly decline in producer prices came a day after Federal Reserve meeting minutes revealed policymakers think they may need to do more to boost the economy if a sputtering recovery slows any further.
Banks repossess homes at record pace: RealtyTrac
Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday.
ACM has introduced the 2010 Web Trader
ACM's (www.ac-markets.com) latest trading platform integrates new technologies and features not available during the original software development.
Germany, Spain Web favorites of the World Cup
Top scorers Germany and winners Spain elicited the most positive reaction from online fans of this year's soccer World Cup, whilst France's player crisis made them the most maligned team of the tournament.
PersonalFinance: The lure of low mortgage rates
Three straight weeks of record low mortgage interest rates has spurred another refi boom. That's understandable: The idea of locking in 4.5 percent for 30 years is really tempting.
Philly Fed factory activity index drops in July
Factory activity growth in the U.S. Mid-Atlantic region fell unexpectedly this month, a survey showed on Thursday.
Jobless claims fall and manufacturing stumbles
New U.S. claims for jobless aid tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.
Oil falls below $76 after equities fall
Oil reversed earlier gains to fall below $76 a barrel on Thursday after falls in U.S. equities and weak macroeconomic data curbed expectations for future demand growth in the world's largest oil consumer.
By 1416 GMT front-month U.S. crude was trading down $1.50 at $75.54 a barrel, after earlier jumping to $77.66. ICE Brent was down $1.25 at $75.52 a barrel.
Gold rises above $1,210/oz as dollar slips
Gold rose in Europe on Thursday as the dollar slipped to a two-month low against the euro, under pressure after minutes from the June Federal Reserve meeting heightened concerns over the U.S. economy.
Spot gold was bid at $1,213.20 an ounce at 1144 GMT, against $1,207.50 late in New York on Wednesday. U.S. gold futures for August delivery rose $6.60 to $1,213.60.
Stocks down 1 percent as data overshadows JPMorgan
Stocks fell 1 percent on Thursday, with Dow and Nasdaq seven-day winning streaks on the line, as anemic economic data overshadowed better-than-expected quarterly profits from JPMorgan Chase & Co .
U.S. growth worries hit dollar, euro nears $1.29
The dollar hit a two-month low against the euro and a basket of major currencies on Thursday as soft inflation and manufacturing data added to concern about the strength of the U.S. economy.
Data showing third straight monthly decline in producer prices came a day after Federal Reserve meeting minutes revealed policymakers think they may need to do more to boost the economy if a sputtering recovery slows any further.
Jobless claims fall, production steady, PPI falls
New weekly claims for jobless benefits fell to their lowest level in nearly two years while industrial production eked out a small gain in June, but producer prices fell for a third month providing more evidence that economic growth is slugglish.
Producers prices fall more than expected in June
U.S. producer prices fell for a third straight month in June, pulled down by weak food and energy costs, according to a government report on Thursday that supported views the Federal Reserve would maintain its low interest rate policy well into 2011.
Wall Street bill nears the finish line in Congress
The broadest overhaul of U.S. financial rules since the Great Depression is likely to clear a crucial hurdle in Congress on Thursday morning, paving the way for President Barack Obama to sign the measure into law.
Dollar falls on weak US data, euro at 2-month high
The dollar hit a two-month low against the euro and a basket of major currencies on Thursday after soft inflation and manufacturing data sparked concern about the strength of the U.S. economy.
Data showing a third straight monthly decline in producer prices came a day after Federal Reserve meeting minutes showed policymakers think they may need to do more to boost the economy if a sputtering recovery slows any further.
Slovaks approve euro safety net, clear activation
The Slovak government approved the euro zone's emergency loan facility on Thursday, yielding to pressure from its European partners to drop its resistance.
The euro area's poorest member, led by the new centre-right cabinet of Prime Minister Iveta Radicova, had been holding up the 750-billion euro European Financial Stability Facility (EFSF) after objections to bailouts became a campaign issue in the country's June election.
Glaxo takes $2.4 bln charge, Avandia mostly settled
GlaxoSmithKline expects to record a legal charge of 1.57 billion pounds ($2.4 billion) for the second quarter after settling the substantial majority of claims relating to its controversial diabetes pill Avandia.
Futures point to higher open after JPMorgan, data
U.S. stock index futures pointed to a higher open on Thursday as JPMorgan Chase & Co reported better-than-expected earnings and initial jobless claims fell to their lowest level in nearly two years.
Jobless claims near 2-year low
New claims for jobless benefits fell to their lowest level in nearly two years, but a sharp pullback in manufacturing activity in New York state added to evidence of a slowing economic recovery.