California' Expensive Metro Areas Skew National Averages And Housing Market Policy
A Trulia study found that home asking prices in California's busiest metros spiked by 20.7% in 2013, far above the national average of 9.5%.
Reliance Industries Plans To Invest $26 Billion In India Over 3 Years To Expand Its Energy Production, Telecommunications, And Retail Businesses
Company chairman says investments will boost India's growth at a time when foreign investments into India are falling.
Weekly First-Time Claims For Unemployment Benefits Fell Last Week to 346,000, Close To What Analysts Expected
The latest stat confirms a tapering of layoffs by employers -- historically a good sign for the U.S. economy.
IATA Report Shows Airlines Profiting In 2013 Due To Low Fuel Costs And High Passenger Volume
IATA's latest study shows that airlines' profits are up, thanks to lower-than-expected fuel prices and high passenger volume.
Gabon To Reclaim Its Offshore Oil Assets, Citing Contract Disputes With Big Oil Companies, Including Subsidiary Of China's Sinopec
Foreign investment term disputes have built up tensions between the country's government and big oil.
ISM Non-Manufacturing Index Proof Again That US Economy Is Growing But At Much Slower Rate Than Expected, Say Analysts
Although certain economic indicators show positive growth, the growth rate is much slower than analysts expected.
Hourly Workers' Pay Fell most Since 1947 During the First Quarter
U.S. workers and businesses weren't as productive in Q1 as originally thought, but hourly comp had its biggest decline since 1947.
Chrysler Refuses U.S. Request That It Recall 2.7 Million Jeep SUVs Cited for Fire Risk
NHTSA says certain Jeep models have defective fuel systems and serious safety risks in rear-impact collisions.
IBM To Acquire Cloud-Computing Company To Strengthen Its Cloud Service Offerings
More than 60 new gaming companies have moved to SoftLayer in the last two quarters.
Coca-Cola To Restart Bottling In Myanmar As Country Welcomes Foreign Investment
Coca-Cola is one of the first U.S. companies to be granted an investment permit under a new Foreign Investment Law.
China-Owned Volvo Aims To Beat Its 2020 Output Goal By Two Years
The China-owned automaker is building two plants in China to help meet its ambitious goal.
Protests In Istanbul Expose How Vulnerable Turkey's Financial Markets Are To Political Shock
Turkey's stock market has plunged amid the ongoing political/social unrest.
Union Worker Killed, Another Injured At Lonmin PLC (LON:LMI) Platinum Mine in South Africa, Causing More Tension Between Rival Unions
The incident adds to tensions between rival unions at one of the country's largest platinum mines.
South African Rand Falling Fastest Among Emerging Market Currencies That Are Weakening Against US Dollar
The currency's new low, 10.13 rand per U.S. dollar, is part of a broader investor sell-off in 20 emerging market currencies.
Former Citigroup Analyst Jack Grubman Says Wall Street Hasn't Changed How It Works In More Than 10 Years [VIDEO]
Former Citigroup analyst Jack Grubman said on CNBC that nothing on Wall Street has changed, and bad research gets analysts nowhere.
Russian Analysts Claim That $30 Billion Stolen Or Misspent From Russian Winter Olympics Budget
A study by Russian analysts claims that no cases for criminal fraud, embezzlement or bribery will reach Putin's courts.
Weekly First-Time Claims For Unemployment Benefits Rose Last Week to 354,000, Higher Than Expected
The number of initial jobless claims rose by 10,000 to 354,000, and the key four-week moving average also increased to 347,250.
How Wal-Mart Will Allocate Its $81.6 Million Payout Following Guilty Plea Of Hazardous Waste Violations
Not all payments go to the government. Here are how the payments stack up in Wal-Mart's settlement to various agencies.
Political Transition In Pakistan Causing Delay Of Iran-Pakistan Natural Gas Pipeline And Aggravating Pakistan's Energy Crisis
Pakistan's new government needs to approve continuation to ensure Pakistan gets its much-needed natural gas.
US Says Bangladesh Factory Safety Is Shared Burden Of Western Brands, Country's Industry
A U.S. official said that Western brands must address worker safety, but the culture of Bangladesh industry must change, too.
US Consumer Confidence Rises In May To 76.2%, More Than Expected
With equity prices rallying, gas prices falling and the housing market recovering, consumer confidence is at a five-year high.
US Home Prices Jump Most In 7 Years In March On A 10.9% Gain
The pace of U.S. real estate price increases is accelerating, and the housing sector remains the brightest sector in the economy.
Judge Triples Dow Chemical's Verdict Ruling The Company Must Pay $1.2 Billion In Price-Fixing Suit
Federal judge rejects Dow's request to overturn a February verdict, tripling the $400 million owed to $1.2 billion.
BP Takes 'Fictitious' Deepwater Horizon Claims To Court, Says Claimants Are Inflating Their Loss Figures
The oil and gas giant says false and excessive claims are putting its finances at risk, possibly inviting a takeover.
Royal Bank Of Scotland Will Lay Off 1,400 People Over Next 2 Years In Restructuring Of UK Head Offices
The lender says the job reductions are part of efforts to restructure its retail division's head office and customer-facing positions remain.
Experian Report Says Auto Repos And Late Car Payments Rising In 2013 As Lenders Ease Borrowing Standards
Dealers and lenders are once again selling cars to people who are bad credit risks, but trend still below recession levels.
New York Region Manufacturing Down In May To Lowest Point In 4 Months As Pricing and Productivity Fall Sharpest
The New York region's factories took a hit as stores scaled back inventories and prices for products declined.
Work Resumes At Bangladesh Factory Despite Wal-Mart's Demands Government Shut It Down After Inspection Reveals Cracks In Walls
Owners paint over cracks and resume work in a factory adjacent to unstable building.
Ranbaxy Laboratories Ltd. Agrees To Pay $500 Million To Settle Felony Charges It Adulterated Drugs And Lied To The FDA
Ranbaxy USA accepted three felony counts of adulterating its drugs as well as four felony charges that it knowingly lied to the FDA.
European Commission Antitrust Officials Raided Offices Of BP, Shell, Statoil and Platts Over Possible Price Manipulation In Big Oil Industry
The EU is investigating whether oil giants colluded in reporting distorted prices to fix market prices for oil.
