Oil edges down near $71 before U.S. July jobs data
Oil edged down on Friday from a six-week high as markets looked to upcoming U.S. July employment data for clues on whether the U.S. economy could be emerging from recession.
Bridgestone posts Q2 loss but lifts outlook
Top Japanese tire maker Bridgestone tumbled to an operating loss in the second quarter, hit by the economic slump and a stronger yen, but raised its full-year outlook again after a surprise upgrade in June.
Toyota to decide on California plant by end of month
Toyota Motor Corp will decide by the end of this month whether to pull out of a California plant it has operated with General Motors since 1984, a top executive said on Friday.
Stock index futures mixed ahead of jobs data
Stock index futures pointed to a mixed open on Wall Street on Friday, as investors braced for key monthly jobs data.
RBS posts H1 loss, sees tough two years ahead
State-owned Royal Bank of Scotland posted a 1 billion-pound ($1.7 billion) net loss in the first-half on Thursday, as bad debts soared to 7.5 billion pounds, and warned of more poor results to come as its recovery would take time.
Oil edges down ahead of U.S. July employment data
Oil edged down on Friday from a six-week high in the previous session, as markets awaited U.S. July employment data later on Friday, a major indicator of how well the U.S. economy is doing pulling out of recession.
Asia stocks dip, Aussie dollar gets brief lift
Asian stocks dipped on Friday as investors grew cautious before a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates could rise over time.
Hacker attacks silence Twitter, slow Facebook
Twitter and Facebook suffered service problems from hacker attacks on Thursday, raising speculation about a coordinated campaign against the world's most popular online social networks.
Senate confirms Sotomayor, first Hispanic on Supreme Court
Judge Sonia Sotomayor won approval on Thursday to become the first Hispanic on the U.S. Supreme Court in a Senate vote that President Barack Obama said broke another social barrier.
Senate clears $2 billion clunkers extension
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.
Squabbling Palestinian movement gets Saudi scolding
Reformists kept up pressure for leadership change in the dominant Palestinian party Fatah on Thursday, and Saudi Arabia said no Palestinian state could emerge unless such internal divisions were healed.
New Tamil Tiger head held in Sri Lanka: military
The new head of the Tamil Tigers, the separatist group defeated by the Sri Lankan military after 25 years of war, is being held in the capital Colombo, the military said on Friday, declining to say where he was arrested.
Tensions high a year after Georgia war
Bonfires were lit across Georgia overnight to mark a year since the former Soviet republic's five-day war with Russia over breakaway South Ossetia.
Baidu beats Yahoo as world's No. 2 search engine
The Nasdaq-listed Chinese search engine Baidu Inc has topped Yahoo! to become the world's second most popular search engine in June, the US marketing research company ComScore released in its report this week.
KPN confirms iBasis bid, says offer is fair
Dutch telecoms group KPN confirmed its offer of $1.55 per share for iBasis shares it does not yet own after iBasis repeatedly objected to the bid on Thursday because it was inadequate.
Blackstone beats estimates, has $29 billion to invest
Private equity firm Blackstone Group LP reported higher quarterly earnings on Thursday, topping Wall Street expectations, and said it was sitting on its biggest cash pile ever, with $29 billion to deploy.
Abu Dhabi company has big plans for North Sea
Abu Dhabi-owned energy company TAQA Bratani Ltd plans to boost North Sea oil and gas production by buying up mature oilfields and greatly increasing their efficiency, the head of the company's UK arm said on Thursday.
Bankruptcy advisory business booms for Blackstone
Blackstone Group LP's restructuring advisory business is booming as more companies hit the wall every day and need advice, the private equity firm's COO said on Thursday.
Autos clunker extension cleared, rebates top $920 million
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.
Citigroup may set loose its $100 million man: report
Citigroup Inc may give control of its Phibro commodities business to Andrew Hall, the energy trader making headlines for demanding a $100 million payday under his contract, The New York Times said on Thursday, citing a person with knowledge of the negotiations.
Fannie Mae draws on U.S. support after $14.8 billion loss
Fannie Mae, the largest provider of U.S. home mortgage funding, on Thursday reported a $14.8 billion quarterly net loss that it said would force it to go to the U.S. Treasury trough a third time for money to stay in business.
Apparel chain stocks up on hopes for second half
Investors overlooked weak July sales results from some U.S. apparel chains and sent the shares of battered names such as Gap Inc , Limited Brands Inc and Zumiez Inc up on hopes of improvement later this year.
U.S. jobless claims fall sharply, buoy recovery hopes
The number of U.S. workers submitting new claims for jobless benefits fell sharply last week, fanning hopes the fragile labor market was on the mend and that the broader economy was stabilizing.
Senate clears $2 billion autos clunkers extension
The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.
Into the Dragon’s Lair - Komodo Island
The trip sounded like a dream; dragons and dolphins, clear blue skies stretching to a horizon broken only by an occasional uninhabited island. For four days we were to float upon the azure seas at God's mercy, with a reliance on an ancient engine and a toothless captain.
Nasdaq, BATS to voluntarily stop flashing orders
The Nasdaq Stock Market and BATS Exchange said in separate statements on Thursday they will voluntarily stop offering so-called flash orders, a controversial service that gives certain firms an advance look at market-bound trading orders.
Daily Wrap Up - August 6 - Energy
The U.S. Department of Energy announced Thursday, $377 million in funding for research centers across the country to advance solar energy, biofuels, transportation, energy efficiency, electricity storage and transmission, clean coal and carbon capture and sequestration, and nuclear energy technologies.
Sprint plans to sell AM-OLED phones from Samsung
Sprint Nextel will sell Samsung Electronics phones including an advanced display technology that will improve battery life and video and photo quality, according to executives for the companies.
AMD OpenCL SDK for x86
Advanced Micro Devices free OpenCL development tool for x86 CPU is now open for download as part of its ATI Stream SDK 2.0 beta version, according to the second largest chip maker.
Cruise Ships of the Not Too Distant Future
Is the cruise industry trying to resuscitate its image? The old adage that cruise goers are either, newlywed, nearly dead or over fed is no longer accurate with the creation of the mega liner.