INVESTMENT

Beijing Jingyuntong Technology will raise 2.52 billion yuan ($395 million) from an initial public offering in Shanghai after setting the price at over 50 times its historic earnings.

Destitute North Korea's push to breathe new life into economic relationships with its neighbors China and Russia appears to be bearing fruit in its far north of the country where foreigners are busy helping rebuild a crumbling infrastructure.

The Canadian economy shrank in the second quarter, its first quarterly fall since the 2008-09 recession, with temporary factors such as Japan's earthquake and tsunami playing a big role, Statistics Canada said on Wednesday.

Global demand for gold lifted the price of the yellow metal Wednesday, countering a growing appetite for risk among U.S. investors, many of whom expect the Federal Reserve to come to the aid of the U.S. economy, perhaps as early as September.

The Dow Jones Industrial Average Re-enters positive territory, although the Department of Justice's suit against AT&T could derail those gains.

The hedge fund's chief economist will speak at FINforums Conference on three game-changing events that could unwind the European economy.

Legendary corporate raider Carl Icahn has refused to give up on his pursuit of Clorox, despite the company swiftly rejecting every bid he's made.

Starting September 1, First Class passengers on select American Airlines flights will be offered the new “turndown service” that includes slippers, pajamas and high-end toiletries.

Toronto-based IAmGold Corp. said Wednesday it received $34.2 million for the sale of its Mupane Gold Mine in Botswana to Galane Gold Ltd

AT&T has apparently figured out the key to lawmaker hearts: U.S. jobs. The telecommunications company has committed to bringing 5,000 jobs back to the United States once its proposed merger with T-Mobile USA is approved and finalized. AT&T says the jobs will be in wireless call centers, and will bring back positions that were previously outsourced abroad.

SEI Investments published a report saying fund managers and investors are relieved to see unmistakable signs of a recovery.

Gold and silver prices Wednesday hovered near their previous day's closing prices as traders sorted through a mix of positive and negative economic news.

Gold's high price spurs private individuals to sell jewelry and other personal items made of the yellow metal.

Creating a simulation, which approximates the formation of the Milky Way using a powerful supercomputer, was no cakewalk for the researchers at the University of California, Santa Cruz and the Institute for Theoretical Physics in Zurich. After nine months of effort, at the Swiss National Supercomputing Centre in Manno, Switzerland, the first simulation of the formation of the spiral galaxy Milky Way was created by the researchers, who claim it would have taken 570 years to build the simulation o...

Russian internet investment group Mail.ru raised its full-year revenue growth forecast to 50 percent from 40 percent on Wednesday after sales and profit rose at its social network, online gaming and e-mail activities in the first half.

Stock index futures pointed to a higher open for equities Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.3 to 0.8 percent.

China Mengniu Dairy Co Ltd , the country's top dairy product maker in which China private equity firm Hopu Investment Management owns a stake, on Tuesday posted a 27.6 percent rise in first-half net profit on solid sales growth, pledging to ensure product quality after a series of scandals tainted the industry's reputation.

The initial reaction to Steve Jobs' resignation as Apple's CEO was speculation on just how far Apple's stock price would drop the next day. So just how far could another company, like Berkshire Hathaway, drop when Warren Buffett finally retires?

In a deal announced Tuesday, Exxon will partner with OAO Rosneft, Russia’s state-owned oil producer, replacing British Petroleum in exchange for unspecified assets. Exxon and Rosneft will spend $3.2 billion in the initial explorations of the Arctic and Black Sea, the companies stated.

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

Shares of many large gold-mining companies rose Tuesday in premarket trading as the price of the yellow metal increased and stock market futures indicated a lower open.