German Business Sentiment Falls For 4th Straight Month
German business sentiment fell for the fourth straight month in August, the Ifo Institute said Monday, tumbling to its lowest level since March 2010.
Hertz Buying Dollar Thrifty For $2.3B
Rental-car company Hertz Global Holdings Inc. (NYSE:HTZ) is buying rival Dollar Thrify Automotive Group Inc. (NYSE:DTG) for about $2.3 billion in cash to increase its global reach.
'Fiscal Cliff' To Send US Economy Into Recession Next Year - CBO
The Congressional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S. economy into recession next year.
Peru Declares State Of Emergency Over Lethal Anti-Mining Violence
Peru's government on Wednesday began a 30-day state of emergency to help it gain control of chronic violence against mining companies, most recently a riot that left three people dead and many wounded.
Aetna Paying $5.7B for Coventry Health Care
Aetna Inc. (NYSE:AET) will pay about $5.7 billion in cash and stock to buy Coventry Health Care Inc. (NYSE:CVH), a managed health care company with a big market share in Medicare- and Medicaid-related products.
US Consumer Sentiment Edges Up To 3-Month High
U.S. consumer sentiment edged up this month to a three-month high as a stock market rally appears to have offset the impact of rising gasoline prices.
Platinum Prices Jump As South African Police Kill Striking Miners
Platinum prices surged after South African authorities Thursday killed an undetermined number of miners protesting at a massive platinum northwest of Johannesburg.
Wal-Mart Hikes Full-Year Profit Outlook After Strong Fiscal 3Q
Wal-Mart Stores Inc. (NYSE: WMT), the world's largest retailer, said Thursday increased sales from U.S. stores that have been open at least one year plus strong international sales lifted its fiscal third-quarter profit 5.7 percent.
Getty Images Sold For $3.3B To Top Management, Carlyle Group
The Carlyle Group (Nasdaq: CG), a global asset manager, and Getty Images management said Wednesday they formed a partnership to acquire privately held Getty Images Inc. from Hellman & Friedman for $3.3 billion.
Colombian Court Declares 3-Week Coal Railway Strike Illegal
Leaders of a union that operates Colombia's main coal railway met Wednesday to decide how to respond to a unanimous court ruling declaring its three-week strike illegal.
Manchester United Begins Public Trading With A Whimper
Manchester United Ltd. (NYSE:MANU), one of the world's most storied sports franchises, began publicly trading Friday, but early signs indicated investors were giving a less-than-enthusiastic welcome to the 134-year-old club.
J.C. Penney Shares Tumble After Swinging To 2Q Loss
Shares of J.C. Penney Company Inc. (NYSE:JCP) tumbled Friday after the big department store chain's second-quarter earnings swung to a loss and missed Wall Street expectations and it cut its outlook for the year.
World's Oldest Shipping Company Out Of Business
The world's oldest shipping company, a British firm started during the reign of George II, is going out of business after 282 years of sailing.
Europe's Core Economies Hampered By Weak Periphery
Europe's strongest economies are being dragged down by the recessions in other European countries, some of which are expected to join beleaguered Greece in seeking a bailout.
Knight Capital Confirms $400M Rescue
Knight Capital Group Inc. (NYSE: KCG), which lost $440 million last week when a trading program it had just installed went berserk, confirmed Monday it reached a $400 million rescue deal that will keep the big market maker in business but hammer existing investors.
July Employment Report Sparks Risk-On Sentiment In Markets
The U.S. government's report Friday that 163,000 jobs were created last month, far more than expected, sparked a risk-on sentiment among investors.
European Central Bank Holds Interest Rates Steady
The European Central Bank on Thursday held its benchmark interest rate steady at its record-low level in a decision that was widely anticipated.
Oracle Buying Xsigo Systems, Price Not Disclosed
Oracle Corporation (Nasdaq: ORCL) said Monday it will buy Xsigo Systems, a network virtualization technology company, to expand its presence in the cloud computing business. The value of the deal was not disclosed.
GDP Numbers Mean No Change In Nation's 8.2% Jobless Rate: Analysts
The U.S. economy grew more slowly in the second quarter than in the first three months of the year as consumers, struggling with a softening jobs market, spent less, the Bureau of Economic Analysis said Friday.
US GDP Growth Slowed In 2Q To 1.5% On Weak Consumer Spending
U.S. GDP grew 1.5 percent in the second quarter, slightly better than economists expected but less than the previous quarter's growth and not enough to bring down the unemployment rate, the Bureau of Economic Analysis said Friday.
Facebook's First Quarterly Report Meets Street's Expectations
Facebook Inc (NYSE: FB), the world's largest social networking platform, on Thursday issued its first quarterly report, disclosing results that slightly beat analyst expectations.
Boeing Lands $10.8B Order From Aeromexico
Shares of The Boeing Company (NYSE:BA) soared Wednesday after it said Mexico's Aeroméxico will buy as many as 100 single- and twin-aisle airplanes in a deal with a nominal value of $10.8 billion.
Greece Can't Pay Its Debts: 'Troika'
Greece is not likely to be able to pay its debts, meaning the twice bailed-out member of the euro zone will have to restructure about $240 billion of sovereign debt, European Union officials told Reuters on Tuesday.
Spain's Stock Market Drops To Lowest Level In Nearly 10 Yrs
Spain's stock market plunged Monday to its lowest level in nearly 10 years on growing doubts that the nation can avoid defaulting on its massive debts without an external rescue. The government also instituted a three-month ban on short-selling all securities.
Spanish Bond Yields Climb To Another Record High
The Spanish government's costs hit a record high Monday -- their third consecutive record high in as many days -- as doubts about the country's fiscal stability mounted among international lenders.
China's Cnooc Paying $15.1B For Canada's Nexen
China's giant oil and gas conglomerate Cnooc Ltd. said Monday it will pay $15.1 billion in cash for Canadian oil and gas company Nexen Incorporated (NYSE: NXY), among whose assets are large oil sands and shale gas properties.
GE's 2Q Beats Street On Strong US Energy Equipment Sales
General Electric Company (NYSE: GE), the largest U.S. conglomerate, said Friday its second-quarter continuing earnings rose 7 percent as strong U.S. demand for energy related equipment offset falling European demand and the effect of a strong dollar.
Spain's Borrowing Costs Soar Above 7%
Spain's cost of borrowing shot up Thursday to an unsustainably high level as it tried, and failed, to sell all of the $3.7 billion in bonds it offered to investors.
Explorers Find Silver Cargo Worth $38M On Sunken Ship
Odyssey Marine Exploration Incorporated (NasdaqCM: OMEX), a deep-ocean exploration company, said Wednesday it found 48 tons of silver bullion, worth some $38 million, on the floor of the Atlantic Ocean some 300 miles off the coast of Ireland.
Bank Of America's Swings To Profit In 2Q, Beats Estimates
Bank of America's second-quarter earnings reversed a year-earlier loss and beat analyst expectations on higher mortgage income, improved credit quality and the absence of good will impairment charges.
