European Stocks Flat as Traders Await Greek Debt Talks
European shares were flat on Monday morning ahead of a meeting of euro zone financeministers to discuss terms of a Greek debt restructuring deal, with banks rallying on a report about easier capital rules.
ThyssenKrupp, Outokumpu Discuss Tie-up
Germany's ThyssenKrupp and Finland's Outokumpu are in early talks over a stainless steel tie-up, moving towards the long-awaited consolidation of a sector that has struggled to battle overcapacity and cheap Chinese imports.
RIM's Co-CEOs Resign, Thorsten Heins Takes over
Research In Motion's Mike Lazaridis and Jim Balsillie have bowed to investor pressure and resigned as co-CEOs, handing the top job to an insider with four years at the struggling BlackBerry maker.
Apache Paying $2.85B for Cordillera Energy Partners
U.S. gas producer Apache (APA.N) is to buy privately owned oil and gas company Cordillera Energy Partners III in a cash-and-stock deal valued at $2.85 billion to expand its acreage of oil and petroleum liquid fields.
Nikkei Ends Session Flat to Halt Four-Day Streak
The Nikkei average ended flat on Monday to halt a four-day winning streak, with early gains capped by market worries over Greece after negotiations with private creditors failed, raising the stakes for a meeting later in the day at which euro zone finance ministers will decide terms for a debt restructuring.
Euro Hits Highest Level in Nearly 3 Weeks
The euro hit its highest level in nearly three weeks against the dollar on Monday on tentative optimism that Greece will cut a deal with its creditors on a debt swap, prompting a squeeze in short positions.
Euro Hits Highest Level in Nearly Three Weeks
The euro hit its highest level in nearly three weeks against the dollar on Monday on tentative optimism that Greece will cut a deal with its creditors on a debt swap, prompting a squeeze in short positions.
U.S. Stock Futures Edge Higher
Stock index futures edged higher on Monday, after stocks posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
Gold Prices Rise on Optimism about Global Growth
Gold prices rose Monday to a six-week high on widespread optimism that recent signs of global economic growth mark a sustainable pattern.
Gold Ends Week with Small Gain, up 2% for Week
A modest gold rise was eclipsed by a 4 percent surge in silver on Friday, with investors optimistic about the technical picture and prospects for a Greek deal soon with private bondholders.
Randgold Resources' Sees More Than 270,000 Ounces from Tongon in '12
Randgold Resources expects its Tongon gold mine in northern Ivory Coast to produce more than 270,000 ounces in 2012, after falling short of the 270,000 ounces target in 2011, chief executive Mark Bristow said on Friday.
U.S. Jobless Claims Falls to Nearly 4-Yr Low
The number of Americans filing for new jobless benefits dropped to an almost four-year low last week, and factory activity in the mid-Atlantic expanded moderately, suggesting the economy carried some momentum into the new year.
Euro Banks Hoard Cash, Expecting Downturn
European banks are preparing for a potential worsening of the region's sovereign and banking crisis, with many firms stockpiling cash and cutting back on loans to new clients as they seek to protect themselves against a possible seizing-up of financial markets.
Davos Agenda: Economic Growth, Jobs, Protectionism
Economic growth, jobs and protectionism are the top three worries at the start of 2012, according to a Call to Action published by 11 leaders of international organizations on Friday in a bid to kick-start debate at next week's Davos Forum.
GE's 4Q Misses on Weak European Growth
General Electric Co's (GE.N) fourth-quarter revenue fell short of Wall Street expectations because of slower-than-expected growth in Europe, sending its shares down 2.5 percent in premarket trading.
Schlumberger 4Q Soars 36%, Beats Wall Street View
Schlumberger Ltd (SLB.N), the world's largest oilfield services company, reported a 36 percent rise in quarterly earnings, beating Wall Street forecasts, but it warned that Europe's debt crisis could hurt economic growth and trim oil demand.
Chinese Exchanges End Year with Gain
Hong Kong and Shanghai shares rose on Friday, achieving a second straight week of gains and managing to break above stubborn chart resistances on hopes of policy easing inChina and on stronger overseas markets.
Eurozone Stocks Fizzle, Greek Default Fears Cited
A rally for European stocks and the euro ran out of steam on Friday, with markets focused on debt talks between Greece and its private creditors that may prove the trigger for the next leg of the euro zone's debt crisis.
U.S. Stock Futures Point to Higher Open
Stock index futures pointed to a slightly lower open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.02 to 0.2 percent.
Gold Prices Lower on Stronger Dollar, Weaker Crude Oil
Gold prices edged lower Friday as an increasingly stronger dollar made the metal more expensive for non-U.S. buyers and some investors decided to book profits on what is shaping up to be a robust start to the year.
American Express 4Q Beats Analysts Expectations
American Express Co reported a quarterly profit that topped expectations, as cardholders spent more and expense growth slowed.
American Express 4Q Beats Analysts Consensus Expectations
American Express Co reported a quarterly profit that topped expectations, as cardholders spent more and expense growth slowed.
Norilsk Nickel, World's Top Palladium Producer, Cutting Output
Russian miner Norilsk Nickel is expecting to reduce production this year to adapt to a slight fall in global metals demand, its CEO said on Thursday, but does not see a slump into another global economic crisis.
Gold Prices Slide on Profit Taking, Falling Euro
Gold edged lower on Thursday as the euro's retreat from highs in the wake of U.S. economic data prompted some buyers to cash in gains in the precious metal after a three-day run higher took prices to their strongest since mid-December.
Yuzhuralzoloto Aims for London Listing
Yuzhuralzoloto, Russia's fourth-largest gold miner, has revived a plan to place up to 25 percent of its shares in London as early as this spring, Russian daily Kommersant said on Thursday, citing the firm's chairman and banking sources.
Chinese Banks Promote Gold Sales to Retail Investors
For Chinese shipping executive Ping Bo buying gold is the best way to protect his family's wealth and give his 10-year-old son a headstart into adulthood.
Freeport-McMoRan Copper & Gold 4Q down, but Full Yr 2011 up
A long, sometimes violent strike at the world's biggest gold mine slashed output and cut earnings in the fourth quarter of 2011 for Freeport-McMoRan Copper & Gold Inc., but full year 2011 results still marked an increase.
U.S. Jobless Claims Fall to 4-Year Low
New applications for unemployment benefits dropped to a near four-year low last week, a government report on Thursday showed, pointing to continued improvement in the labor market.
UnitedHealth 4Q Profit Tops Analysts' Expectations
UnitedHealth Group Inc (UNH.N) posted a higher-than-expected fourth-quarter profit on Thursday, helped by increased membership across its array of health plans.
Morgan Stanley's Fourth Quarter Loss Beats Consensus
Morgan Stanley (MS.N) lost money in the fourth quarter due to a special charge, but performed better than analysts had expected, sending its shares higher in premarket trading.
