U.S. job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.
The Texas power grid operator has scrambled this week to meet soaring electricity demand in the face of a brutal heat wave, and residents of the second most populous U.S. state are one power plant shut-down away from rolling blackouts.
A scary drop in stocks and commodities threatens to squeeze life out of an already faltering U.S. economy, with deal-making, investment in plants and equipment, and capital raising at risk of slowing down or freezing up.
Gold edged up more than half a percent on Friday as investors used bullion to shelter from the storm engulfing financial markets on concerns that the United States may be facing another recession and Europe's debt crisis is spreading to some of its largest economies.
After the terrible rout in markets on Thursday investors spoke of holding fast and even poking around for buying opportunities, but that's hard when the market is likely facing another weak U.S. jobs report on Friday.
They are a rag-tag bunch, often working from home or tiny offices scattered round the world, from rural Texas to Beverly Hills and a suburb near Australia's Bondi Beach.
Australia declared itself well positioned on Friday to take additional measures to bolster the economy should turmoil in world markets turn into a re-run of the 2009 global financial crisis.
Fluor Corp (FLR.N), the largest publicly traded U.S. engineering company, posted unexpected second-quarter profit growth and said its backlog of work surged to a new record, lifting its stock by 7 percent.
We've talked about the rise of New York as a tech hot spot, but the challenge of attracting good engineering and technical talent remains one of the region's biggest hurdles. Now Next Jump, a New York-based rewards and offers provider, is teaming with the New York Stock Exchange to host a major engineering-only recruiting event on the floor of the NYSE.
Fears of a new recession caused the stock market to take a deep plunge on Thursday making it the worst day since the financial crisis in 2008. The Dow Jones industrial average declined 512.76 points, or 4.13 percent, closing at 11, 383.68.
Ivory Coast's levels of public investment will be "insignificant" over the next couple of years as the conflict-torn nation uses available funds to tackle its mounting debts, Finance Minister Charles Koffi Diby said on Thursday.
I recently set out to look into all electric car sharing programs, like the one recently started in San Diego by car2go. After a little research into the program - run by a wholly-owned subsidiary of Daimler, stocked with Daimler Smart Fortwo EVs, and using ECOtality charging infrastructure - I became even more interested in the diversifying products of auto manufacturers. A number of auto OEMs around the world are starting to look like one-stop-shop transportation companies, investing in car sh...
Hedge fund titan John Paulson's flagship funds performed poorly in July and sank further into the red for the year.
The Dow is plunging, as stocks are coming back to the woes that Main Street has grappled with since the recession. Stocks had soared this year while Main Street America grappled with slow growth and high unemployment.
Kraft Foods Inc Chief Executive Irene Rosenfeld is breaking up the food giant, just 18 months after driving through the controversial acquisition of UK chocolate maker Cadbury.
New U.S. claims for unemployment benefits were little changed last week, a government report showed on Thursday, pointing to a marginal improvement in the labor market.
The development comes only one month after she took over as IMF boss, succeeding Dominique Strauss-Kahn, who was forced to resign in wake of his sexual assault trial in New York City.
The global economy is more sluggish than first thought, government bonds offer no real return, gold is super expensive and stock markets sell off at the slightest setback.
Kraft aims to split its company into two distinct businesses. The company said the move could occur by the end of this year.
A growing number of Australians expect property prices to fall over the next year, a new survey has found.
Avista Capital Partners and Cinven are among four private equity firms bidding for Thomson Reuters Corp's trade and risk management software business, Kondor, people close to the matter said.
At one time K-Swiss was known as a conservative white tennis shoemaker, but that all changed when it hired fictional athlete Kenny Powers as its spokesman.
