Is the U.S. economy headed for a recession before it fully recovers from the last one? There's no better indicator to watch than trash.
The top after-market NYSE gainers Tuesday were Williams-Sonoma, La-Z-Boy Inc, Express, Inc, GenOn Energy and Pioneer Energy Services Corp. The top after-market NYSE losers were Qihoo 360 Technology, EnCana, Beazer Homes, Tim Hortons and Agrium Inc.
Barry Diller's IAC/Interactivecorp reportedly has offered more than $300 million to buy information website About.com from the New York Times Co., in a move to expand IAC's Ask.com division.
Thirteen former employees of General Motors' Colombian subsidiary are in the fourth week of a hunger strike outside of the U.S. Embassy in Bogota. They say GM fired them when they were injured on the job and has not provided medical care or pensions.
Dell (Nasdaq: DELL), the No. 3 PC maker, reported second-quarter results that missed analyst?s estimates. Worse, the company said it expected third-quarter performance to fall below expectations.
Market watchers are writing the obituary for struggling big box electronics retailer Best Buy Co. (NYSE:BBY), whose share price plunged to a nearly four-year low on Tuesday, even as stakeholders waited to see if the new CEO can live up to his reputation.
Royal Dutch Shell announced plans to spend at least $1 billion a year exploiting China's supply of shale gas, Reuters reported. The news came from the energy firm's head executive in China, Lim Haw Kuang, who responded to Reuters' questions about the alleged $1 billion-a-year plan to invest in the potentially vast natural gas trove.
Nike Inc. (NYSE:NKE) has announced its most expensive sneaker yet, the "LeBron X," a virtual smart shoe that retails for a cool $315 per pair.
The floundering cable network has been in desperate need of a game changer to shake things up, and Zakaria's post-scandal return will offer a welcome change from the din of news pundits harping on the gaffe-of-the-week from the presidential campaign trail.
Argentina, South America's third-largest economy, is "probably" in the midst of a recession and won't register meaningful growth this year amid high inflation and weak industrial output, according to a new report.
International Business Machines Corp. (NYSE: IBM), the no. 2 computer maker that?s also one of the biggest chipmakers, said it plans to acquire private Texas Memory Systems to bolster its offerings in the flash-memory sector crucial for new servers and mobile products.
Siemens AG (NYSE: SI), Europe?s largest engineering company, is in early internal talks to slash thousands of jobs after posting quarterly results that came in sharply below analysts? estimates, a German newspaper reported Tuesday.
Best Buy Co. (NYSE: BBY) is not having a good week.
Glencore International PLC (LON: GLEN), a commodity trading company based in Baar, Switzerland, has said it is prepared to bow out of talks to buy Xstrata PLC (LON: XTA) rather than give in to a demand for more money from a major shareholder of the giant mining company.
Peru's government on Wednesday began a 30-day state of emergency to help it gain control of chronic violence against mining companies, most recently a riot that left three people dead and many wounded.
Dell is scheduled to report second-quarter results Tuesday below last year?s. For the first time, the company founded by Chairman Michael S. Dell nearly 30 years ago in a dorm room will be ranked No. 3 in PC sales, having lost its No. 2 ranking last quarter to China?s Lenovo Group.
The top after-market NYSE gainers Monday were AM Castle, BPZ Resources, Fabrinet, Centene Corp and General Cable Corp. The top after-market NYSE losers were AK Steel Holding, Quiksilver, IAMGOLD Corp, Oasis Petroleum and NRG Energy.
Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
Unemployment is still well above 8 percent, the cost at the pump is rising and consumers are still wary and cost-conscious, but recent surveys indicate back-to-school buys and the upcoming holiday shopping season will be as good as or better than last year. Still, the theme of the season is cautious optimism.
Exchange operator CME Group Inc. (Nasdaq:CME) is opening a hot new table in the global financial casino, pushed to set up a derivatives exchange in London by clients who can't be bothered to comply with U.S. law.
British wholesale natural gas prices rose Monday on a combination of tight supply and stronger demand.
Caterpillar Inc. (NYSE: CAT) Chief Exectutive Officer Doug Oberhelman has long been an optimist, but these days he's been scaling back on his optimism.
