Starbucks Corp disappointed Wall Street with fiscal 2010 and 2011 profit forecasts on Wednesday that matched or lagged Wall Street's expectations, sending its shares down more than 2 percent.
Gold prices have fallen sharply from all-time high of $1265 on June 21st on reassessment of US economic prospects by some gold traders and investors, and an abatement in perceived European sovereign risk, accoridng to Jeffrey Nichols, Senior Economic Advisor to Rosland Capital. However, he has maintained a bullish view on gold on loss of confidence in dollar and inflation.
AXA Asia Pacific , target of an $11.5 billion takeover battle, flagged a 5.7 percent rise in first-half operating earnings, shy of market expectations, as its Hong Kong operations were hurt by currency movements.
Goldman Sachs could turn out to be a mere mortal after all.
Housing starts hit their lowest level in eight months in June, further evidence the economy lost momentum in the second quarter, but a rise in permits offered hope of a pick up in homebuilding.
Housing starts fell more than expected in June to their lowest level in eight months, a government report showed on Tuesday, supplying further evidence the economy was losing momentum during the second quarter.
A consortium of 55 entertainment and technology giants hoping to standardize digital formats for video playback said on Monday it will start beta testing in the fall as it added two more companies to its ranks and unveiled its brand name, Ultraviolet.
IBM's quarterly revenue missed Wall Street's expectations and a decline in services contract signings further damaged investors' confidence, sending its shares down 3 percent.
Apple Inc's attempt to smooth over a controversy surrounding its iPhone 4 failed to impress investors, as the computer maker's shares stumbled on a day when technology stocks rose.
The euro stayed below two-month highs versus the dollar on Monday, dented by a downgrade of Ireland and the suspension of talks between Hungary and the IMF, but recovered as traders awaited results of bank stress tests.
Moody's Investors Service downgraded Ireland's sovereign bond rating to Aa2 with a stable outlook from Aa1.
Global stocks slipped on Monday and investors briefly shunned the euro after Moody's cut the credit rating of Ireland, slightly unsettling markets already worried about a slowdown in the pace of U.S. economic recovery.
Complaints to U.S. regulators of unintended acceleration in Toyota Motor Corp vehicles are down sharply as separate government and expert reviews of the matter move forward.
Shares in South Korea's top carmaker Hyundai Motor (005380.KS) declined 4 percent on Friday, hit by mounting worries about potential labor disputes after wage talks with its domestic union collapsed.
Consumer prices fell for a third straight month in June due to lower energy costs, according to a government report on Friday that pointed to subdued inflation pressures amid sluggish domestic demand.
U.S. consumer prices fell for a third straight month in June due to lower energy costs, according to a government report on Friday that pointed to subdued inflation pressures amid sluggish domestic demand.
New U.S. claims for jobless benefits tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.
New U.S. claims for jobless aid tumbled to a near two-year low last week, but a modest gain in industrial output and a third monthly drop in wholesale prices in June confirmed a slackening in the economy's recovery.
Oil reversed earlier gains to fall below $76 a barrel on Thursday after falls in U.S. equities and weak macroeconomic data curbed expectations for future demand growth in the world's largest oil consumer.
By 1416 GMT front-month U.S. crude was trading down $1.50 at $75.54 a barrel, after earlier jumping to $77.66. ICE Brent was down $1.25 at $75.52 a barrel.
New weekly claims for jobless benefits fell to their lowest level in nearly two years while industrial production eked out a small gain in June, but producer prices fell for a third month providing more evidence that economic growth is slugglish.
U.S. producer prices fell for a third straight month in June, pulled down by weak food and energy costs, according to a government report on Thursday that supported views the Federal Reserve would maintain its low interest rate policy well into 2011.
New claims for unemployment insurance fell more than expected last week to their lowest level in nearly two years as seasonal layoffs eased at factories, government data showed on Thursday.
Sales at retailers fell for a second month in June, pulled down by weak receipts at automotive dealers and gasoline stations, according to a government report on Wednesday that added to evidence the economic recovery was proceeding at a moderate pace.
