AT&T Posts Huge Quarterly Loss on T-Mobile USA Break-up Fee
AT&T posted a massive quarterly loss due to a break-up fee for its failed T-Mobile USA merger and a pension-related charge on top of costly subsidies for smartphones such as Apple's popular iPhone.
Hennes & Mauritz Issues Gloomy Outlook
World No.2 fashion retailer Hennes & Mauritz (HMb.ST) said a gloomy economic outlook would keep demand subdued this year and discounting to shift unsold stock, which led to a surprise drop in fourth-quarter profit, had continued into January.
Nokia's 4Q Plunges 73%, Windows Phone Sales Disappoint
Nokia, the world's largest cellphone maker by volume, reported a 73 percent fall in fourth quarter earnings as sales of its new Windows Phones failed to slow the rapid dominance of Apple's iPhone or to compensate for diving sales of its own old smartphones.
European Shares Gain on Fed Promise of Low Interest Rates
European shares rose on Thursday, halting two-days of losses, after the U.S. Federal Reserve said interest rates would remain low for a considerably longer period than expected and it is ready to offer additional stimulus to boost economic growth.
U.S. Stock Futures Rise
Stock index futures rose on Thursday, adding to gains from the previous session when the Federal Reserve boosted equities by saying it was likely to keep interest rates near zero until at least late 2014.
Gold Prices Surge on Fed Promise to Keep Rates Low
Gold prices jumped Thursday after the Federal Reserve surprised markets by saying ultra-low interest rates will continue through 2014.
Gold Prices Jump 2% on Fed Promise of More Easy Money
Gold rallied 2 percent on Wednesday, rising above $1,700 an ounce for the first time since mid-December after the U.S. Federal Reserve said it will likely not raise rates for longer than previously expected due to a sluggish economic recovery.
U.S. Fed Breaks Precedent, Sets 2% Inflation Target
The Federal Reserve took the historic step on Wednesday of setting an inflation target, of 2 percent, a victory for Chairman Ben Bernanke that brings the Fed in line with many of the world's other major central banks.
Fed Won't Raise Interest Rates Till at Least Late 2014
The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery.
World Stocks, the Euro down on Greek Default Fears
World stocks and the euro suffered on Wednesday as uncertainty about Greece's debt talks overshadowed strong economic data from Germany, blow-out earnings from Apple, and expectations that the Federal Reserve will push back the timing of an eventual rate hike.
Boeing's 4Q Beat Consensus, but Full-Year Misses
Plane-maker Boeing Co (BA.N) reported a quarterly profit that topped Wall Street forecasts on stronger commercial airplane deliveries, but its 2012earnings forecast was lower than expected.
Roche Offers $5.7B, Unsolicited, for Illumina
Roche Holding AG is offering $5.7 billion in cash to buy U.S. gene sequencing company Illumina Inc in an unfriendly takeover bid that marks a major play by the Swiss drugmaker into the gene technology field.
Brent Crude Oil Falls Below $100 on Recession Fears
Brent crude slipped below $110 on Wednesday as recession fears, partly rekindled by stalled Greek debt talks, weighed on the outlook for demand, while threats by Iran to respond to European sanctions by shutting a vital trade route supported prices.
Nikkei Hits 3-Month High as Toyota, Canon Post Gains
Japan's Nikkei average scaled a new three-month high on Wednesday, boosted by gains in exporters such as Toyota Motor and Canon as the yen weakened following data showing Tokyo posted its first annual trade deficit since 1980.
European Shares, Single Currency Decline
The euro and European shares weakened on Wednesday as fears about the prospect of a Greek debt default overwhelmed positive news on the outlook for Germany, the region's largest economy.
Gold Prices Struggle to Hold Gains, Fed Action Being Watched
Gold prices struggled Wednesday to hold recent gains as the dollar rose and investors awaited results of the Federal Reserve's two-day meeting on interest rates.
Gold Prices Fall on Weaker Euro, Crude Oil Prices
Gold fell on Tuesday as a lower euro, due to an impasse to restructure Greek debt, and weakness in crude oil and equities prompted investors to take profits.
Rio Tinto Becomes Majority Owner of Oyu Tolgoi
Global miner Rio Tinto has raised its stake in Canada's Ivanhoe Mines, owner of Mongolia's massive Oyu Tolgoi copper-gold project, to a majority holding but said on Tuesday it had no current plans to buy more shares.
Anglo American Mining's Gold Output in Azerbaijan Down 15%
Anglo Asian Mining reduced its gold production in Azerbaijan by 15 percent year-on-year to 57,068 ounces in 2011 from 67,267 ounces in 2010, the company said on Tuesday.
DuPont's 4Q Misses, Solar Panel Sales Slump
DuPont's quarterly revenue missed Wall Street expectations as its customers bought fewer solar-panel materials and digital television parts due to the weak economy, offsetting higher prices across the company.
Verizon Communications Misses Expectations
Verizon Communications profit missed Wall Street expectations by a penny as its wireless business was hit by the high costs of sales of advanced phones such as the Apple Inc iPhone.
McDonald's Beats Analysts Expectations for 4Q
McDonald's Corp (MCD.N) reported quarterly profit that beat analysts' estimates as sales, which were already outpacing competitors, picked up strength in December.
Gold Prices Retreat on Profit-Taking, Strong Dollar
Gold prices retreated Tuesday as the dollar rose in value, investors took profit from more than three weeks' of gains and talks between Greece and its debtors hit a snag.
Polyus Gold May Raise $1 Billion in London Listing
Russian gold miner Polyus Gold, co-owned by Russian presidential hopeful Mikhail Prokhorov, could sell shares worth $1 billion as part of its planned premium stock-market listing in London, Bloomberg reported on Monday.
Gold Prices Rise 1% to 6-Week High
Gold rose 1 percent on Monday to a six-week high, boosted by technical buying and as the euro rallied ahead of the outcome of a euro zone meeting on Greek debt restructuring.
European Stocks Hit Highest Level Since August
European stocks hit their highest close since early August on Monday, with euro zone banks gaining sharply following a report that France and Germany were calling for a relaxation of global bank capital rules to prevent a credit crunch.
U.S. Stocks Hover in Tight Range
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
Pan American Silver Buying Minefinders for $1.5B
Canada-based Pan American Silver Corp. said Monday it will pay about $1.5 billion in a cash and stock to buy Minefinders Corp. Ltd., which owns a huge silver mine in northern Mexico, among other mining assets.
B2Gold's 4Q Output Rises, More Increases to Come
Canada's B2Gold Corp reported a rise in fourth-quarter gold production and the gold miner forecast a higher production for 2012.
Mail Aims to Raise State's Share in Mining Projects
Mali is seeking to raise the state share in mining projects to 25 percent from 20 percent in a proposed revision to the West African gold producer's mining law, a senior official at the state regulator told Reuters on Monday.
