More than three years after the financial crisis struck, the U.S. economy remains stuck in a consumer debt trap.
Chevron Corp will unveil on Monday a solar oilfield project that has been hit by cost overruns and delays but serves as a showcase for the technology of Chevron-backed solar thermal company BrightSource Energy.
European and British stock markets have suffered their worst quarterly performances since 2002, as fears of a crippling Eurozone debt crisis and risks of another global recession have battered equities in Britain, Germany and France.
Stocks fell on Friday, putting equities on track for their worst quarter since 2008, as economic data from China and Europe fueled fears of a global economic slowdown.
Stocks opened lower on Friday, putting equities on track for their fifth straight monthly decline as China's manufacturing shrank and kept fears of a global economic slowdown in the forefront.
Russian precious metals miner Polymetal is seeking a premium listing on the London Stock Exchange, raising about $500 million in a move it hopes will catapult it into the FTSE 100 bluechip index and hand it currency for acquisitions.
Financial stocks are particularly buoyant -- Morgan Stanley (NYSE: MS) is up 5.2 percent.
Bank of America (BAC.N) Merrill Lynch has recruited three former Wells Fargo advisers and one former Morgan Stanley Smith Barney adviser to join its California, Connecticut and Wyoming offices, the firm said late on Monday.
Goldman Sachs Group Inc may cut $1.45 billion in expenses by year's end, $250 million more than it indicated in July, in a move that could lead to more job cuts, according to The New York Times.
The Dow has lost 6.74 percent over the past four days.
U.S. District Judge Ellen S. Huvelle set Feb. 13 as the date when trial will start on the U.S. Justice Department’s case against the $39 billion takeover of T-Mobile by AT&T.
One thing is certain: when she opens the hearing in Washington on Wednesday, U.S. District Judge Ellen S. Huvelle will face a courtroom filled with richly compensated communications lawyers, especially those paid by AT&T and T-Mobile.
UBS AG Chief Executive Oswald Gruebel will seek a vote of confidence at a board meeting in Singapore for plans to slash the investment banking division that caused a $2.3 billion loss due to unauthorized trading, a Swiss newspaper reported on Tuesday.
Gold prices rallied on Monday after European policy makers failed to soothe fears of Greek default and contagion to other euro zone countries, prompting investors to seek refuge in the precious metal.
Swiss bank UBS has kicked off an internal investigation into the catastrophic failure of its risk systems after raising the amount it lost on rogue equity trades to $2.3 billion.
Microsoft is taking aim of breaking into the post-PC market, where tablets and smartphones dominate, but that market will belong to Apple -- at least for the time being.
Microsoft rolled development versions of its upcoming Windows 8 platform this week, garnering mostly positive response from industry watchers as it vies to prove its relevance in what is slowly becoming a post-PC world.
Investors obviously applauded the move, sending Morgan Stanley shares up 7.2 percent in Thursday’s trading.
Apple opened up what it called the post-PC era with the iPad and iPad 2, pressuring the PC-dependent Microsoft, but industry watchers believe Windows 8 may not only keep the company relevant, but may propel it into a tablet leader.
Growing fears of a Greek default sent a hurricane through heavily exposed French banks on Monday and hit the euro as investor confidence in the European currency area's ability to surmount a sovereign debt crisis ebbed.
Apple’s share of the global Smartphone market is projected to reach 22 percent in 2012.
Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said on Friday, calling for bold action to weather a dangerous new phase of recovery.
