Oil tumbled as much as 6 percent on Thursday, with U.S. crude crashing through technical support to its lowest since February as mounting fears of a stalled economy set off a global race from riskier assets.
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.
Apple Inc. is being aggressive defending its own IP with well publicized suits against Samsung and HTC, Barclays Capital said. Key companies in the wireless arena including Apple and Google continue to acquire and invest in IP to cement their positions.
BlackBerry maker Research In Motion introduced five new handsets that run on its new BlackBerry 7 mobile OS, in a bid to regain ground against rivals like Apple.
The latest U.S. oil inventory data contradict a widely held notion among oil traders that a huge glut of Canadian and U.S. shale crude oil is accumulating in the middle of the United States and causing the record gap in global oil benchmark prices.
Samsung may be eyeing InterDigital bid to challenge AppleSamsung Electronics, the No. 2 mobile phone maker, could be eyeing a bid for InterDigital?s 8,800 patents, Bloomberg reported. Rivals including Apple and Google had previously been reported as prospective bidders.Bloomberg said the South Korean electronics giant had been approached by investment bankers for InterDigital, which hired Evercore Partners and Barclays Capital last month to explore a sale. The King of Prussia, Pennsylvania...
Barclays Capital believes iCloud is a major differentiating factor for Apple Inc. -- facilitating convenience, ease of use and compatibility across its entire ecosystem. Apple's iCloud is nearing its official launch, which is still expected to be available with iOS 5 this fall, as iCloud.com went live this week.
With more than 14 million people out of work, consumer spending falling by the day, the GDP growth outlook remaining grim and rising inflation denting confidence of ordinary people, a massive spending cut of more than $2 trillion would be the proverbial last straw on the camel's back.
Moody's Investors Service on Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook that could pressure lawmakers to cut the U.S. deficit.
he British-based bank may slash at least 1,400 more jobs in 2011, after already having eliminated another 1,400 positions this year
Glencore , the world's largest diversified commodities trader, has booked a supertanker to store part of the nearly four million barrels of gas oil it purchased in July, industry sources said on Monday.
Having lost out on Javier Pastore to Paris Saint Germain, Chelsea are now rumoured to be considering a fresh bid for Tottenham's Croatian midfielder Luka Modric as well as Real Madrid star Kaka.
The tentative deal to avoid a crushing debt default is at best a mild relief for the U.S. economy that nearly stalled in the first half of the year and has yet to show signs of any realistic pickup.
HSBC Holdings Plc (HSBA.L) should unveil a half-year profit of near $11 billion on Monday, flat from a year earlier as weak investment bank trading and wobbly U.S. and European economies offset growth in Asia.
Lawmakers were still unable to reach an agreement on the U.S. debt ceiling on Friday, but there is no arguing that the dollar's safe-haven appeal should remain trumped by the Swiss franc and Japanese yen.
Chelsea face fellow Premier League side Aston Villa in the Barclays Asia Cup final on Saturday, but by then, they'll know whether they have been successful in their pursuit of Palermo star Javier Pastore.
Fortune Brands Inc (FO.N) announced a tender offer on Thursday for up to $1 billion of debt using funds from the company's planned sale of its Acushnet golf business.
Chelsea will face Aston Villa in the final of the pre-season Barclays Asia Cup after breezing through against Hong Kong side Kitchee at the Hong Kong Stadium.
Will the sky fall on August 2 if Congress fails to raise the debt ceiling?
Dunkin' Brands (DNKN.O) has raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters, signaling strong demand for this week's biggest deal.
Apple Inc. (NASDAQ: AAPL) issued its quarterly 10Q which stated that the company's contribution to the recently announced Nortel patent win will be $2.6 billion, once the deal closes.
The new MacBook Air products in particular could be a source of upside for Apple Inc. (NASDAQ: AAPL) in the second half of calendar 2011, Barclays Capital said in a note to clients.