Owners cut prices on one-quarter of U.S. homes listed for sale in July, a fourth straight monthly rise, as job market fallout trumped record low mortgage rates, real estate website Trulia.com said on Wednesday.
Rising grain prices from Russia's drought and fires will pressure populations already hit by the financial crisis and could stoke unrest -- particularly in the Middle East, North Africa and parts of Europe.
Florida Attorney General Bill McCollum said on Tuesday he is suing the world's biggest makers of liquid crystal display screens for engaging in a conspiracy at the highest level to fix prices.
Russia´s ban on grain exports caused a buying frenzy on global grain markets, driving prices up sharply under record high volumes.
New York Attorney General Andrew Cuomo sued Samsung Electronics Co Ltd and other makers of liquid display crystal screens used in computers, flat-screen televisions and mobile phones on Friday for allegedly fixing prices for a decade.
New York Attorney General Andrew Cuomo sued Samsung Electronics Co Ltd and other LCD screen makers on Friday for allegedly fixing prices for a decade, after some of them pleaded guilty to similar federal charges and paid over $890 million in fines.
Suppliers of Russian wheat to Asia are edging nearer to cancelling contracts after Moscow's ban on grain exports, forcing buyers to turn to alternative origins as U.S. wheat futures soar to a 23-month high.
Wheat prices exploded by an unheard of 6.34 percent on Monday, continuing a record surge of 38 percent in July, with even more speculators drawn by gloomy news even though the fundamental situation remains stable.
Northwest Airlines, now a part of Delta Air Lines , has agreed to plead guilty to conspiring to fix the prices of air cargo, the U.S. Justice Department said on Friday.
Gold firmed in Europe on Thursday as some buyers were tempted back to the market by the precious metal's fall to three-month lows, while the weaker dollar also helped support prices.
European investment remained lackluster as risk appetite sharpened, however, while the world's largest gold-backed exchange traded fund reported a hefty outflow on Wednesday.
General Motors on Tuesday set a price of $41,000 for its electric Chevrolet Volt -- $8,000 more than its nearest competitor, the Nissan Leaf.
Gold prices showed positive trends in Asian trade Tuesday mainly on a firm euro in an otherwise thin market.
Gold for immediate delivery was seen trading at $1184.88 an ounce at 12.00 noon Singapore while U.S. gold futures for August delivery was at $1,184.2 an ounce at the same time.
Dubai World DBWLD.UL warned that lenders, aside from the government's own support fund, would face a significantly worse deal if its debt plan fails and it is forced to seek liquidation, according to the debt restructuring plan outlined to bankers on Thursday.
Online retailer Amazon.com Inc said on Monday that the recent price cut to its Kindle electronic reader has spurred sales of both the device and e-books.
After the Greece economic tragedy, its is the turn of Hungary to help gold prices go up.
Following the failure of talks between Hungary government, IMF and the European Commission, the crisis in the European zone deepened and this has helped gold prices to go up.
The IMF and the EU gave Hungary multibillion-dollar loans in late 2008 to help it recover from the financial crisis. The international lenders are now re-negotiating with the government.
Sellers cut prices on nearly one quarter of U.S. homes listed in June, an increase from May, showing buyers still call the shots in the U.S. housing market, real estate website Trulia.com said on Wednesday.
Cuts in global aluminum production, especially in China, should boost the metal's price and improve U.S. producer Alcoa Inc's earnings prospects, analysts said on Tuesday.
China will fine companies up to 2 million yuan ($295,400) for sending misleading or fake information about price increases, according to a new draft regulation by China's economic planning agency.
Gold prices edged up in Asian trade Tuesday mainly on investor's buying interest after prices dropped below the psychological barrier of $1200 an ounce.
Gold for immediate delivery was seen trading at $ 1199.58 an ounce at 12.30 p.m Singapore time while U.S. gold futures for August delivery was at $ 1199.47 an ounce on the Comex in New York.
Vietnam, where gold price is much higher than rest of the world, is taking all initiatives to ensure good supply of the precious yellow metal. Last week, the Vietnamese government allowed businesses to re-start importing gold. The country had banned gold import some months back.
Alcoa Inc (AA.N), facing a sharp drop in aluminum prices, is losing favor on Wall Street as analysts lower their expectations for the company's earnings.
Alcoa, the largest U.S. aluminum producer, is expected to turn a second-quarter profit after a year-ago loss, but analysts have recently been cutting their forecasts, and one sees the possibility of a return to red ink later this year.
Gold edged higher on Wednesday, rising back above $1,190 an ounce, as fresh demand emerged for the precious metal after its correction from recent record highs, which helped offset pressure from a firmer dollar.
