Orders for U.S. factory goods fell in January, as demand for items including machinery and aircraft fell. The decline of 4 percent is the steepest since January 2009, ending two consecutive months of increases and suggesting the economy might not be quite as robust as many experts have believed.
New orders for manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.
General Motors Co. will take up to a 7 percent stake in France's PSA Peugeot Citroen as the two automakers discuss an engineering and development partnership to boost both of their struggling European operations.
Wayin, the new social media venture backed by Sun Microsystems founder Scott McNealy, announced it has raised $14 million in Series B funding from U.S. Venture Partners.
Mortgage interest rates continue to fall, amid concern about a sluggish U.S. economy and the European government debt crisis -- but U.S. home prices are declining in many markets, as well. What should Americans who are possibly thinking about buying a home do now?
Japan's Nikkei average
retreated from a seven-month high Tuesday as traders
took profits ahead of a key selling level, while the chip sector
suffered losses after Elpida Memory Inc said it will
seek bankruptcy protection.
WikiLeaks released over 5 million emails hacked from U.S.-based global intelligence firm Strategy Forecasting, Inc. (Stratfor), revealing an alleged plan between the firm's CEO and a Goldman Sachs executive to set up an investment fund that would rely on inside information gathered by the company.
A decades-old dispute between Argentina and the United Kingdom over the remote Falkland Islands, which the Argentines call the Malvinas, heated up Monday when two Carnival Corp. cruise ships were refused entry at the port of Ushuaia.
Even the world's most revered investor makes mistakes. Warren Buffett admitted he was dead wrong when he predicted a housing recovery last year in his annual letter to shareholders of Berkshire Hathaway, released over the weekend.
Chinese handset maker Xiaomi Technology is looking to raise more funds within the next year or two to boost production and sees revenue in the future coming from software applications rather than handset sales, the firm's president told Reuters on Monday.
Japan's Olympus Corp proposed a new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception from foreign investors when it goes to a shareholder vote.
Apple again refrained from paying dividends, despite a huge amount of cash on its balance sheet and clamor from some stockholders.
Warren Buffett, the head of U.S. investment company Berkshire Hathaway, said the firm had chosen his successor but did not identify the person.
China's economic model, driven by exports and investment, is no longer sustainable and reforms are needed to prevent a serious slowdown, the World Bank concludes in a new report.
Japan's Olympus Corp unveiled a proposed new board of directors on Monday in an effort to recover from a $1.7 billion accounting fraud, but the line-up could face a hostile reception from foreign investors when it goes to a shareholder vote.
Hedge funds' love affair with technology industry darling Apple Inc has rewarded some managers so far this year but half the industry, having been less savvy with its bets, is limping behind with subpar returns, new research from Goldman Sachs shows.
The euro gained broadly Monday as signs of fresh steps from the Group of 20 major economies to contain the euro zone debt crisis boosted sentiment, but higher oil prices hurt Asian stocks.
Starved of credit, and facing a lack of deals and a new bout of indignation over executive pay, the private equity sector has one solace: returns continue to be better than those in stock markets.
HSBC Holdings is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
Perhaps familiarity does breed contempt. The biggest U.S. companies have often failed to meet forecasts this earnings season, while their smaller counterparts have delivered.
As Kingfisher Airlines careens toward collapse, the Central Government finds itself between a rock and a hard place.
The world's major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own candidate for the open job.
