Hong Kong Strike: Kwai Tsing Dock Workers Take Wage Dispute To Doorstep Of Hong Kong's Richest Man
An ongoing labor dispute hampers business and pits government against big business in a tough environment for unions.
Caterpillar Inc. (CAT) Earnings Preview: Analysts Expect Huge Drop In Profit As China Slowdown In Mining Orders Offsets Slight Gains In US Construction Sales
Analysts expect a 40 percent drop in the company's profit as demand for mining equipment falls dramatically in Q1.
IMF Warns UK Tightening Policies And US Political Gridlock Make New Recessions Possible And Put Global Economies At Risk
Recession remains a huge risk for large economies, according to new assessments by the IMF.
PepsiCo Earnings Preview: Frito-Lay Gains Offset Higher Corn Costs And Increased Marketing Expenses
The world's second-largest food and beverage company is expected to report a profit gain, despite higher costs.
Greek Bailout: Troika And Greece Agree To Economic Reforms That Include Firing 15K Civil Service Workers
The euro zone's three finance regulators predict Greece will return to growth gradually in 2014 as it cuts civil service jobs.
Japan And US Agree To New Terms That Could Bring Japan Into The 11-Nation Trans-Pacific Partnership Free Trade Agreement
However, the bilateral agreement faces opposition from labor and lobby groups and awaits approval from 10 other Pacific member states.
KPMG Insider Trading Scandal: Crisis Continues As SEC Charges 'Rogue' Trader And Identifies 'Stupid' Investor In Latest Development For Troubled Firm
Bryan Shaw and Scott London call themselves "stupid" for offering insider trading secrets for $50K.
IEA Lowers Forecast For Oil Demand For Third Consecutive Month Due To Weakest European Activity Since 1980s
The forecast comes a day after OPEC cut its global oil demand prediction, also for the second time in two months.
Cyprus Denies Rumor It Will Sell Its Gold To Raise Funds; Option Raises Same Question For Other Struggling Euro Zone Nations
Countries use gold as protection against currency devaluations, but nations desperate for funds are faced with a tough question.
GM South Africa Expects A 20% Boom In Its Chevy and Isuzu Car Sales In The Next Two Years, Mostly In North Africa And South Africa Markets
The growing middle class in northern and southern Africa is trading up from motorbikes and jalopies to brand-new vehicles.
Analysts Predict Big US Banks Will Need To Find New Ways To Boost Revenue As Economic Activities Change
Big banks' first-quarter revenue will rise only 2.2% above that of fourth quarter 2012, an analysis by Bloomberg News showed.
Federal Reserve QE Program: BlackRock's Rick Reider Tells The Fed Its Time To Ease Up On Its Quantitative Easing Program
The asset manager's chief recommends a new strategy for reinvesting debt as it matures.
Iran Announces Plans For 2 Uranium Plants Days After Negotiations With Western Parties Fail
Ahmadinejad has also ordered the development of new nuclear reactors; the country still claims its nuclear tech plans are energy-related.
Porter Airlines Of Canada Set To Buy 30 New Mid-Sized C-Series Planes From Learjet Maker Bombardier In $2 Billion Deal
The first deal for Bombardier's newest jetliners could be finalized by Wednesday.
Exxon Oil Spill: EPA's Official Photos Show Full Extent Of Damage From Pegasus Pipeline In Mayflower, Ark.
New images reveal the spill's impact on the neighborhood and environment.
Caterpillar Layoffs: Company Will Cut 11% Of Workers At Decatur, Illinois Plant By June
The world's largest mining equipment manufacturer aims to bring production in line with decreased demand.
Boeing 787 Dreamliner: Company Completed Crucial Test Flight of Grounded Model In Final Stages Of FAA Certification Process [VIDEOS]
The 787's test-flight data will help federal regulators evaluate the performance of the company's new battery design.
Detroit Electric Unveils $135K SP:01 Electric Car To Rival Tesla's Roadster And Boost The Fully Electric Car Market
The SP:01's features are very similar to its rival's, but now drivers have a choice.
What's The Safest Way To Transport Oil? US Transportation And State Departments Won't Say
Historically, more oil spills happen via train transport than via pipelines, according to a study.
IMF: 1 Billion Euros Toward Cyprus' Reforms
The IMF's contribution seeks to distribute burdens and protect the most vulnerable.
Argentina Suggests It Could Avoid US Courts In Its Debt Repayment Plan
If Argentina's creditors accept law bonds, they could sidestep U.S. court.
Consumers Lower Delinquency Levels On Home-Related Loans In Fourth Quarter Of 2012, Yet Sequester Impact Looms, ABA Report Says
U.S. mortgage holders are lowering their debt levels, but the sequester impact looms, mortgage officials cautioned.
China's Largest Cities Stop 'Fake Divorce' Home Buyers And Sellers From Exploiting Law To Avoid Taxes On Second Homes
Large cities in China will likely encounter a backlash as they enforce the 20-year-old tax law.
US Companies In China Distrust Cybersecurity Efforts And Claim Data Breaches
A survey finds a quarter of U.S. companies in China face data theft.
FBI Arrests Senior SAC Manager Michael Steinberg, Deepening Insider Trading Probe
Troubled trading firm SAC was hit with insider-trading charges again as one of its managers was arrested Friday.
Bank Of Japan Commits To Yen Inflation Policies After Auto Leaders Join Governments With Complaints
Ford and Kia officials charge that the yen's low value benefits Japan's carmakers.
Panasonic Won't Trade On NYSE After July, Japan-Based Electronics Maker Proceeds With $2.7 Billion Restructuring, No Layoffs Disclosed
Japan's biggest employer says continued listing on NYSE isn't economically justified.
Bernie Madoff Writes From Prison And Points Finger At Major Banks, JPMorgan Chase, New York Mellon, HSBC And Citigroup
Madoff is offering information for the "future regulation of the appropriate institutions," including banks. But is he telling the truth?
Rich Russians Who Got Their Money Out Of Cyprus Are Taking It To New York's Real Estate Market
The Cyprus crisis could be a boost to the real estate markets in upscale parts of Manhattan and Miami.
Worldwide Demand For Crude Oil Will Dwindle In Coming Decades As Nations Produce Cheaper Natural Gas: Citigroup Claims
Policy mandates to improve fuel economy will continue to cause lower crude use in non-OPEC countries.
