A research director, one of the central figures in the controversy over hacked e-mails from the University of East Anglia's Climate Research Unit announced Tuesday that he is stepping down while the university investigates the incident.
General Motors Chief Executive Frederick Fritz Henderson stepped down at the request of the company's board of directors on Tuesday and will be replaced by current Chairman Ed Whitacre.
It is a good sign that many of the Federal Reserve's emergency facilities are winding down organically as the economy recovers and markets are no longer reliant on them, a senior Fed official said on Tuesday.
Shares in German truckmaker MAN fell over 4 percent on Tuesday on market talk it may be pressured by major investor Volkswagen to make a bid for Scania.
Swine flu continues to wane across the United States, but it has killed more than 30 children since the last count, U.S. health officials said on Monday.
South Korea's Unification Ministry dismissed rumors Tuesday that North Korean leader Kim Jong-il had been attacked and killed, which prompted financial markets to slide briefly in what one analyst said was a reflection of fragile sentiment.
The yen fell broadly on Tuesday after the Bank of Japan announced more monetary policy easing measures to fight deflation and help the ailing economy, while holding interest rates at 0.1 percent.
The U.S. aviation regulator decided to allow over 130 Boeing Co 777 airplanes to continue flying international trips through early 2011, despite warnings about suspect parts that have caused rare shutdowns in midair, the Wall Street Journal reported.
The U.S. aviation regulator decided to allow over 130 Boeing Co 777 airplanes to continue flying international trips through early 2011, despite warnings about suspect parts that have caused rare shutdowns in midair, the Wall Street Journal reported.
UAE markets will face intense selling pressure when they reopen on Monday in the first post-holiday trading after Dubai shocked global markets last week by seeking a debt standstill for two flagship firms.
World leaders expressed confidence in the global economic recovery on Friday despite fears about a debt default by Gulf emirate Dubai, while major banks played down their exposure to the debt.
COMEX December gold GCZ9 settled down $12.80, or 1.1 percent, at $1,174.20 an ounce on the COMEX division of NYMEX.
Prices for benchmark European Union carbon emission permits fell 2 percent on Friday, as traders viewed the previous session's gains as short-lived.
Banks outside the Gulf played down on Friday their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.
British tool maker 600 Group Plc posted a much wider loss in the first-half as like-for-like sales fell 39 percent on lower order intake, but said it expected level of orders to improve in the second half.
The U.S. economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signaled the anemic recovery was intact. In its second estimate of third quarter gross domestic product published on Tuesday, the Commerce Department said the economy expanded at a 2.8 percent annual rate, probably ending the most painful U.S. recession in 70 years.
Microsoft Corp. said Tuesday its Chief Financial Officer, Chris Liddell, will leave the company at the end of this year to pursue a new job. Liddell, 51, joined Microsoft as CFO in 2005. He has been widely recognized as a force behind cutting $3 billion in costs in the past year after the economic downturn left a dent in Microsoft's profits.
The U.S. economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signaled the anemic recovery was intact.
The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, according to data on Tuesday that hinted at a lackluster recovery.
The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, according to data on Tuesday that hinted at a lackluster recovery.
Israel's president said Sunday expanding Jewish settlements in the West Bank was a marginal issue blocking resumption of peace talks with the Palestinians.
Rio Tinto's aluminium operation in Cameroon has secured a 30-year power supply contract with the government but electricity costs have doubled and output from a smelter will fall due to cuts in power consumption, Rio said.
