Second-hand retailers score during recession
The recession has taken its toll on many large U.S. retailers but smaller ones catering to the second-hand market are flourishing as the cash-strapped seek the holy grail of the American consumer: a bargain.
Weak U.S. jobs data weighs on dollar; stocks steady
The dollar fell and Asian stocks steadied near three-week lows on Monday after weaker-than-expected U.S. jobs data heightened investor caution ahead of the third-quarter corporate results season.
BofA to select emergency CEO this week: report
Bank of America Corp plans to select an emergency chief executive officer this week if legal issues force Ken Lewis to leave before year-end, the Wall Street Journal said, citing a person familiar with the situation.
High-tech video surveillance to expand in New York
New York City's police video camera surveillance network will be expanding with the help of $24 million in Federal grants, New York Mayor Michael Bloomberg and Police Commissioner Ray Kelly announced on Sunday.
KKR leading in bidding for Northrop unit: FT
A Kohlberg Kravis Roberts-led consortium leads the bidding for Northrop Grumman Corp's TASC unit, the Financial Times reported on Sunday, citing people close to the matter.
Goldman owed $1 billion if CIT fails
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
Goldman owed $1 billion if CIT falls
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
Stocks may hit earnings speed bumps
U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.
Goldman owed $1 billion if CIT goes bankrupt
Goldman Sachs Group Inc would be due a payment of about $1 billion if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, according to a source familiar with the matter.
After delays, Cambodia rekindles stock market dream
Construction cranes and unfinished high-rise buildings surround the silty marshland where a year from now Cambodia hopes to turn the page on decades of upheaval by opening a stock exchange.
HSBC chief cautious on growth: report
HSBC Chief Executive Michael Geoghegan is cautious about growing too fast because he fears a second economic downturn could force the bank to make write-downs, he said in an interview with the Financial Times.
U.S.-led consortium wants to buy Volvo from Ford: FT
LONDON A U.S.-led consortium has entered the race to buy Volvo from Ford , the Financial Times reported, in a challenge to China's Geely Automotive , which confirmed its interest in the money-losing Swedish carmaker last month.
Daily Wrap Up - Oct 4
Firms Set to Report; Failure Philosophy; Resisting Reform?
Goldman owed $1 billion if CIT goes bankrupt: report
Goldman Sachs Group Inc would be due a $1 billion payment if troubled commercial lender CIT Group were to file for Chapter 11 bankruptcy, the Financial Times reported on Sunday, citing people familiar with the matter.
Rising Cholesterol Levels Deepen Cost Burden to Nation
One in two adult Australians has a blood cholesterol level over 5.5 resulting in a huge cost to the community in terms of lives lost, and financial cost to the nation's Pharmaceutical Benefits Scheme (PBS) in order to control it.
Wall Street Week Ahead: Stocks may hit earnings speed bumps
U.S. stocks could hit more speed bumps this week if the start of the third-quarter earnings season offers little evidence that the economic recovery is gaining strength.
Web TV could come with a price tag after Comcast-NBC
Free TV shows on the Internet could be harder to find if Comcast Corp succeeds in acquiring a majority stake in NBC Universal.
IMF members make little headway on power shift
Global finance chiefs made little headway on Sunday in overcoming long-standing disagreements over how much power rich nations should cede to major developing countries at the International Monetary Fund.
Don't resist reform, G7 policymakers tell banks
Global finance chiefs told commercial banks at the weekend that resisting tighter regulation of the industry was futile, though bankers warned the reforms could hurt economic recovery.
Weber sees financial crisis aftershocks: report
The global financial crisis is probably not completely over and banks are likely to experience further setbacks, European Central Bank Governing Council member Axel Weber said in a newspaper interview released on Sunday.
Pope says Western materialism corrupts Africa
Pope Benedict opened a synod of Roman Catholic bishops on Africa by denouncing the West's materialism and lack of moral values, which he said were contaminating the world's poorest continent like toxic waste.
India detains North Korean ship for inspection
Indian warships detained a North Korean cargo ship for dropping anchor in Indian waters without permission, a navy spokesman said on Sunday.
Report says Iran has data to make atom bomb
A confidential analysis by staff of the U.N. nuclear watchdog has concluded that Iran has acquired sufficient information to be able to design and produce an atom bomb, The New York Times reported on Saturday.
Former Japan finance minister found dead
Former Japanese finance minister Shoichi Nakagawa, who resigned his key post after being forced to deny he was drunk at a G7 news conference in February, has died, Tokyo police said on Sunday.
Indonesia prepares for mass burial of quake dead
Indonesians dug a pit for a mass burial in the earthquake shattered city of Padang on Sunday, while in nearby hills villagers with wooden hoes clawed in the mud in a near-hopeless search for hundreds entombed by landslides.
Typhoon Parma hovers off Philippine coast killing 17
A powerful typhoon moved out to sea on Sunday after thrashing the remote northeastern Philippines and killing 17 people and may remain there for days, bringing more rain and possible landslides, officials said.
North Korea's Kim woos visiting China Premier
North Korea's leader Kim Jong-il made a rare appearance to greet visiting Chinese Premier Wen Jiabao, starting a trip that swiftly drew a statement from the North that it was willing to discuss its nuclear weapons.
IAEA to inspect Iran's Qom site October 25
U.N. experts will inspect Iran's newly disclosed uranium enrichment plant on October 25, the IAEA nuclear agency chief said on Sunday, praising a shift from conspiracy to cooperation in Tehran's dealings with the West.
Too big to fail must end for all: FDIC chief
The head of the U.S. Federal Deposit Insurance Corp. said on Sunday that she wanted to end the too big to fail doctrine and shrink the shadow banking system that operates outside the reach of regulators.
Dispute over control clouds IMF expansion
Fierce disagreement over how much power rich nations should cede to developing countries clouded talks between global finance chiefs on expanding the role of the International Monetary Fund.