Luxury fashion house Burberry has reported consistent double digit revenue growth for the first half of the year. The growth has been reported in retail, wholesale and almost all product categories of the brand.
An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
Canada-listed Sino-Forest Corp said an independent committee found no evidence of fraud at the Chinese timber firm following allegations from short-seller Muddy Waters it had exaggerated its assets, although the committee also said it had been unable to verify the company owned all of its forests.
Prime Minister-designate Mario Monti raced to assemble a new government for Italy on Tuesday while a sharp rise in French borrowing costs raised fears that the two-year debt crisis may spread to the euro zone's second biggest economy.
Venture capital investments in Canadian start-ups rose 51 percent in the third quarter as individual investors, pension administrators and government poured money into VC funds.
Prime Minister-designate Mario Monti raced to assemble a new government for Italy Tuesday while a sharp rise in French borrowing costs raised fears that the two-year debt crisis may spread to the euro zone's second-biggest economy.
Olympus Corp's creditors are not expected to demand changes in loan terms or take other abrupt steps and risk hurting their own interests when they meet company executives on Wednesday to grill them about the firm's huge accounting scandal, sources and analysts said.
The top after market NYSE gainers on Monday were: Chimera Investment Corp, MagnaChip Semiconductor Corp, Beazer Homes USA, Assisted Living Concepts and Digital Realty Trust. The top after market NYSE Losers were: BPZ Resources, LDK Solar Co, InterOil Corp, Air Lease Corp and Penn Virginia Resource Partners.
An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
As Occupy Wall Street heads into its second month, some local residents and business owners believe the movement is having adverse effects on their neighborhood.
Members of Congress' super committee responsible for slicing $1.2 trillion from the deficit have faced an intense lobbying push since being appointed to the 12-member panel, but they all have long histories of accepting money from the industries and special interest groups clamoring for a seat at the table.
Young Woo & Associates has sold the retail space at 72 Wall St. in Lower Manhattan for $14.5 million, according to New York City records.
Is now a good time to consider the shares of American International Group (AIG)? And what, if anything, does AIG's stock price say about the U.S. economy?
A '60 Minutes' investigation claims several members of Congress may have made investment decisions based on insider information.
The Supreme Court agreed on Monday to decide the fate of President Barack Obama's healthcare law, with an election-year ruling due by July on the healthcare system's biggest overhaul in nearly 50 years.
So now we know one reason why shares of IBM, the No. 2 computer services company rose nearly 13 percent over the past three months: Warren Buffett has been buying.
HSBC's China fund venture said it would broaden its product line over the next five years to meet rising demand for cross-boarder investment, betting internationalization would be a new engine of growth for the country's stagnant mutual funds industry.
High-end Chinese fashion retailer Ports Design Ltd said on Monday that it is on track to achieve its 10 percent network expansion target for 2011.
Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned.
Budget carrier SpiceJet will evaluate selling stake to a foreign carrier if the government were to change foreign direct investment rules.
FBR Capital Markets said the broad changes to the Home Affordable Refinance Program (HARP) were outlined by U.S. President Barack Obama's administration on Oct. 24. However, the release of most of the technical details was delayed until Nov. 15.
The social and economic benefits of tourism could be strengthened if governments collaborated more closely with each other and their respective private sectors, over visas, taxation, aviation agreements and marketing, said the United Nations World Tourism Organization (UNWTO), on Monday.
