The chief lobbyist for the largest U.S. financial institutions will step down at the end of 2012, after more than a decade of waging regulatory battles, a trade group said on Thursday.
While shipping costs have been recovering over the past month from historical lows earlier this year, rates for the biggest vessels keep falling. Mistrust in the market, bad luck for iron exporters and a slowdown in world steel consumption are to blame.
Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Singapore and Korea, according to an internal memo seen by Reuters on Tuesday.
Shares in Sprint Nextel
fell more than 4 percent after an analyst report said there is an increasing risk that the No. 3 U.S. mobile provider could end up filing for bankruptcy as the debt-laden company faces steep costs due to factors such as its iPhone deal with Apple Inc .One of Missouri's largest Republican Party presidential-nomination caucuses got shut down early -- and inconclusively -- after a chaotic argument led two Ron Paul supporters to be arrested on Saturday.
A leading survey of U.S. consumer confidence showed consumers were less optimistic in early March than they had been through most of 2012, as inflation worries put a damper on improving views of current wealth.
For the first time since his arrest on Jan 20, Megaupload creator Kim Doctom sat down to be interviewed for New Zealand's Channel 3 News. During the 20-minute interview, Dotcom explains how he created the website, why he never broke a single law, and passionately exclaims that he will take on the entertainment industry because he knows he is innocent.
Mitt Romney and Rick Santorum are closing the gap on President Barack Obama, a new CBS News/New York Times poll found Monday.
Linsanity has officially ended.
After fewer than 200 miles of driving, Consumer Reports' brand-spankin-new, $107,850 Fisker Karma broke down during a routine speedometer calibration and had to be towed.
The S&P 500 and the Nasdaq slipped on Monday as China's economic data and a Federal Reserve monetary policy statement due later this week gave traders reason to pause after a three-day rally.
Nokia said on Monday it has decided to close down Nokia Money, a financial service targeted for emerging markets, as it focuses on the phone business and location-based services.
Taiwan stocks ended down 1.1 percent on Monday, joining Asian bourses amid uncertainty of Chinese growth, weighed down by HTC Corp and LCD makers , as investors took profit from their previous gains.
During a flight from San Francisco to San Diego, one of SeaWorld's rising stars walked down the aisle of a Southwest flight--a Magellanic penguin named Pete. Seaworld brought some of the Magellanic penguins to a National Science Convention in San Francisco and thought it would be a good idea to let them walk around on the plane during the short flight. They even let the penguins out of their cage at the airport gate prior to departure.
Chrysler Group LLC chief executive Sergio Marchionne received no salary or stock awards from Chrysler in 2011, according to the annual report filed by the company.
The Italian branch of the hackers group Anonymous took down the Vatican's website on Wednesday, saying it was an attack on the Roman Catholic Church's scandals and conservative doctrine.
Facebook Inc, the world's biggest social networking site, said its service was unavailable in some European countries on Wednesday morning because of technical problems.
Equities worldwide were in sell-off mode Tuesday, as nagging uncertainty about Greece, sobering news about China's economy and traders' realization that U.S. and European central banks might be finished with cash infusions all seemed to weigh on investors.
Passengers described hellish scenes at Paris' Gare Du Nord with some stuck on trains or waiting in stations for over nine hours.
European shares fell sharply and the euro hit a near three-week low on Tuesday on worries that Greece will not be able to complete a major debt restructuring deal and on growing concern that global economic growth is weakening.
Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday as another U.S. government customer edged away from the service, cutting into a pillar of the struggling smartphone company's business model.
Research In Motion will be forced to slash the fees it charges carriers for BlackBerry service this year, an analyst said on Monday as another U.S. government customer edged away from the service, cutting into a pillar of the struggling smartphone company's business model.
