Germany Slashes 2013 GDP Forecast To 1%
Germany's economy will grow this year by 1 percent, Berlin said Wednesday, not the 1.6 percent it had earlier forecast.
Amazon Hiring 50,000 Temp Workers As Shoppers Move Online
Amazon, the largest Internet retailer, said it will hire more than 50,000 seasonal workers at its fulfillment centers across the U.S.
China Q3 GDP Preview: Why Slowdown In Growth Will Likely Continue
China is still widely expected to undershoot the 7.5% growth rate mandated by Beijing for 2012 when it reports 3Q GDP Thursday.
Coca-Cola Q3 Earnings Preview: Global Slowdown Chips Away At KO's Profits
Coca-Cola is expected to report lower third-quarter profit on thinner margins.
2nd 2012 US Presidential Debate, EU Summit, China 3Q GDP: Economic Events For Oct 15-19
Barack Obama and Mitt Romney will cover both domestic and foreign policies during the second U.S. presidential debate Tuesday.
SoftBank Buy Of Sprint Stake Means More Competition In US Market
The SoftBank purchase of a 70 percent stake in Sprint Nextel for $20 billion means stiffer competition for Verizon Wireless and AT&T.
Bernanke Defends Fed From Claims It Is Being Selfish And Hurting Emerging Economies
Fed Chairman Ben Bernanke on Sunday tried to refute arguments that the central bank’s aggressive monetary easing has sparked a global “currency war” that risks destabilizing emerging market economies.
US Pension Funds Vote Against Rupert Murdoch’s Re-Election At Annual Meeting: Report
News Corp. CEO Rupert Murdoch declared on Twitter that “any shareholders with complaint should take profits and sell!”
Turkey Bans Syrian Civilian Flights; Assad Forces Accused Of Using Russian-Made Cluster Bombs [VIDEO]
Turkey banned Syrian passenger planes from its airspace Sunday, while new videos show the Syrian air force is using cluster bombs over civilian areas.
Citigroup Lowers 'Grexit' Prospect To 60%; Likely To Happen In 1H 2014
Citigroup Chief Economist Willem Buiter now believes Greece could leave the euro zone, but not before 2014.
Greece's No. 1 Listing, Coca-Cola Hellenic, Flees Crisis For London Listing
Greece’s largest company, Coca-Cola Hellenic is pulling out of the country - a huge blow to Athens' stock market.
55 Earnings Reports To Watch: Google, Microsoft, IBM, Bank Of America, Coca-Cola
Third-quarter earnings season will be in full swing next week. Results will indicate how much the global slowdown affects U.S. companies.
US Initial Jobless Claims Drop Sharply To 339,000 -- A 4-Year Low
The Labor Dept. said the number of Americans lining up for new jobless benefits fell sharply in the last week to their lowest level since February 2008.
Wall Street Pay Back To Pre-Recession Highs, Dwarfs Everyone Else’s Salary
It’s no secret that Wall Streeters make a lot more than the average New Yorker. This chart shows that things are likely to stay that way.
Alcoa CEO's Outlook Sees Major China Industrial Declines
Alcoa (NYSE: AA) CEO Klaus Kleinfeld sees big China declines in manufacturing.
Bain Capital To Buy Apex Tool For $1.6B From Danaher, Cooper
Private equity firm Bain Capital agreed on Wednesday to buy Apex Tool Group, the maker of Craftsman products, from Danaher Corp. and Cooper Industries, for about $1.6 billion.
Alcoa Reports $143M Loss In Q3, Cuts Global Aluminum Demand Growth Outlook
Alcoa Inc. (NYSE: AA) opened the earnings season Tuesday by posting a $143 million loss and cutting its outlook for global aluminum demand.
Iraq To Become No. 2 Oil Exporter After Saudi Arabia By 2030s: IEA
A new report suggests Iraq could soon account for nearly half of anticipated growth in global oil production.
Toyota, Honda, Nissan China Sales As Bad As Feared After Island Dispute
Japanese car sales plunged in China in September, and the slump threatens to stall their momentum in the No. 1 auto market.
China September Data Preview: Bottom, But Not Bottom Out?
China's growth likely bottomed in the third quarter, but this cycle might look "W-shaped" as there could be small volatility at the bottom.
Does Alcoa Really Set The Tone For Earnings Season?
Alcoa Inc. (NYSE: AA) will open what is expected to be a disappointing earnings season when it reports Q3 results Tuesday. But does it really matter?
Toyota, Nissan, Honda To Halve China Production As Sales Tumble - A Boon For Foreign Rivals
Japanese auto giants like Toyota plan to halve China production after sales slumped. Non-Japanese brands stand to gain.
Fed Speakers, Beige Book, IMF-World Bank Meetings: Economic Events For Oct. 8-12
The U.S. Federal Reserve's assessment of current conditions, as well as data on inflation and trade, will highlight the economic calendar this week.
US Unemployment Rate Falls To 7.8% In September - Good News With Flaws
The U.S. unemployment rate fell to 7.8 percent in September, the lowest since Barack Obama became president in January 2009.
Alcoa, JPMorgan, Wells Fargo: 8 Earnings Reports To Watch, Oct 9-12
It’s that time of the year again. Aluminum giant Alcoa Inc. (NYSE: AA) will kick off earnings season when it reports on Tuesday.
US Hedge Fund 'Commandeers' Argentine Naval Vessel In Ghana
Ten years later, the ghost of Argentina's 2001 default still lingers as hedge fund takes naval vessel.
September US Jobs Report Unlikely To Sway Election
Friday's jobs report probably won't be dramatic enough to alter the direction of the U.S. presidential race.
US Private Sector Added More Jobs Than Expected In September - ADP
Private employers added more workers than expected in September, a report by a payrolls processor showed on Wednesday.
Holiday Sales Seen Rising 4.1% In 2012, Retailers Continue Hiring Temp Staffers
Could a jump in consumer confidence and holiday hiring indicate a promising holiday sales season?
Express Inc. (EXPR) Shares Hit New 52-Week Low On 3Q Profit Warning
The young-adult clothing retailer Express, Inc. (NYSE: EXPR) slashed its profit outlook for the third time in just five months. Spooked investors sent the company's stock to a new low.
