 June quarter GDP comes in lower than expectedFirst quarter growth was revised upwards to an annualised 3.7% growth... | |
 Google returns its servers to ChinaGoogle's search engine has once again started working in China, where users had been temporarily blocked from accessing the... |
 Terminal 3 opened at Indira Gandhi International AirportThe first flights have been arriving this week at India's newest and largest air... |
 Italian parliament passes austerity billThe Italian parliament has approved its austerity package by a vote 321 to 270... |
 Iraqi power stations to be built by French firmThe French energy infrastructure firm Alstom has signed a memorandum of understanding with the Iraqi... |
 Oil ventures being set up between Italy and EgyptThe Italian energy group, ENI, has agreed to aid in the production and transport of oil and gas supplies in... |
 Toyota forced to recall high-end vehiclesToyota Motors has told US owners of their high-priced passenger cars and SUVs that they could be in for a... |
 Chinalco and Rio Tinto in joint ventureThe giant Anglo-Australian miner, Rio Tinto, has agreed to a joint venture with Chinese firm,... |
 Bangladesh sets new minimum wage for garment workersBangladesh has told its garment workers they can have another $20 per month in a minimum wage... |
 Facebook forced to deal with another privacy issueThe private details of 100 million Facebook users have been published... |
 Some California state workers to take unpaid leaveGovernor Arnold Schwarzenegger of California has given an executive order for some state workers to take three unpaid days off per month starting in... |
 Greek truck drivers get back to work order from governmentThe Greek government, using a rare law, has ordered truck drivers back to... |
 Protesters gather at Fiat Mirafiori plantFiat car workers in Italy have been running protests over the company’s future in its home... |
 U.S. stocks struggle to gain momentumU.S. stocks lost ground Thursday although losses were... |
| ITT posts higher 2Q earnings, flat revenue WHITE PLAINS, N.Y. Defense contractor ITT Corp. said Friday its second-quarter net income got a boost from better operating margins with revenue nearly flat. The company earned $238... |
| AEP Chairman-CEO Michael Morris says industrial power customers remain cautious about economy Power companies have struggled since the recession with soft demand, particularly from the industrial sector, where they have some of their biggest customers. American Electric Power Inc.'s chairman... |
| American Axle posts second-quarter profit after big year ago loss DETROIT - American Axle & Manufacturing Holdings Inc. reported a second-quarter profit on Friday after a big loss a year ago on charges. Its revenue more than doubled on a resurgence of the auto... |
| Chrysler to add 900 jobs to midsize-car plant THE ASSOCIATED PRESS DETROIT -- Chrysler says it will add nearly 900 jobs early next year at a factory in suburban Detroit that makes midsize cars. The company says the factory in Sterling... |
| Chevron Triples Earnings to $5.41B in 2Q10 Chevron reported earnings of $5.41 billion ($2.70 per share - diluted) for the second quarter 2010, compared with $1.75 billion ($0.87 per share - diluted) in the 2009 second quarter. Foreign... |
| Microsoft Bing Cashback Program Ends July 30, 2010 Microsoft is pulling the plug Friday on a program that paid people to use its Bing search engine. The company said it did not see the broad adoption of the search engine that it had... |
| Escalade Reports $0.15 Earnings per Share in Q2 ESCA ) announced that revenues for the second quarter of 2010 were slightly higher than the same quarter last year and that profitability was significantly improved. Increased profitability is a... |
| Analytical Reports on SunTrust Banks and Citigroup -- The Tides Are Changing for the Banking System www.RothmanResearch.com studies the market environment influencing investors' trading decisions on the money center banks major players in recent time providing in depth research... |
| Earnings Watch: Updates, advisories and surprises -2.51% ) said Friday its second-quarter net income dropped 28% to $244 million, or 44 cents a share, from $311 million, or 61 cents a share, in the year-ago period. The Newark, N.J.-based electric... |
| Biotech Stocks: Geron rallies on FDA move; Merck slides BOSTON (MarketWatch) -- Geron Corp. shares rallied early Friday on news that the U.S. Food and Drug Administration is allowing the company to proceed with the world's first clinical study to test an... |
| Tech Stocks: Tech stocks take hits as GDP data weigh on market SAN FRANCISCO (MarketWatch) - A weaker-than-expected gross-domestic-product report hit stocks across the board Friday, and the tech sector wasn't exempt from the decline as most tech leaders looked... |
| Market Snapshot: U.S. stocks slump as growth figures disappoint NEW YORK (MarketWatch) -- U.S. stocks fell Friday after government data showed economic growth slowed in the second quarter, though they regained some lost ground after better-than-expected reports... |
| Retail Stocks: Retail stocks slip with broader markets CHICAGO (MarketWatch) -- Retail stocks followed the broader markets into negative territory Friday with the sector's main indicator losing a bit of ground in early trading. The S&P Retail... |
| Energy Stocks: Energy sector falls but on track for July gains NEW YORK (MarketWatch) -- Energy stocks fell back with the broader market Friday as slower-than-expected growth in U.S. gross domestic product knocked the air out of equities after what's been... |
| Financial Stocks: Genworth falls 12%, drags financials down NEW YORK (MarketWatch) -- Shares of U.S. financial companies opened lower Friday, led by a decline of Genworth Financial Inc. stock on disappointing earnings. ... |
| Banks' profits boosted by high-street customers Royal Bank of Scotland and Lloyds Banking Group are both expected to return to profit in the first half, boosted by high-street business. Photograph: Shaun... |
| George Osborne has put the UK in the recovery slow lane | Liam Byrne National Institute for Economic and Social Research reinforced the point arguing the new government's tax and spend plan will knock a huge 0.4% off UK growth next year and that growth for the rest of... |
| Merck's No Buy After Earnings Fall ) said Friday that its second quarter profit plunged 52% from last year, hurt by several one-time items, but adjusted profit beat analyst expectations. The Kenilworth, NJ-based compared reported... |
| Chevron triples earnings on higher oil prices energy firms.Revenue for San Ramon, California-based Chevron rose 29 per cent over the year-earlier period to 51.1 billion dollars.It reported recovery in its problem-plagued refinery business, but... |
| Perdue expected to announce Caterpillar win Gov. Beverly Perdue is expected to announce today that Caterpillar has chosen Winston-Salem as the site of its new manufacturing plant and more than 500 jobs. A press conference has been scheduled... |
| Wall Street Expects Better Times After Elections Fresh off the exhausting financial regulatory reform debate, Wall Street is looking for a break after the midterm elections in the form of a friendlier... |
| Walt Disney Co. agrees to sell Miramax Films for $660M after 6-months of bidding LOS ANGELES, Calif. - The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year association with the studio and a... |
| Rangers Restructuring Officer Endorses New Ryan Bid July 30 (Bloomberg) -- The Texas Rangers, the bankrupt Major League Baseball team, got an “enhanced” bid from a buyer group led by Nolan Ryan and Chuck Greenberg that was endorsed by the... |
| Times Square Bomber Shahzad’s House to Be Sold in Foreclosure July 30 (Bloomberg) -- The Connecticut home of Faisal Shahzad, who pleaded guilty last month to trying to detonate a car bomb in New York’s Times Square in early May, will be sold in a public... |
| Roche to Face Hollywood Stars in Accutane Trial July 30 (Bloomberg) -- Roche Holding AG faces a lineup of Hollywood stars in the New Jersey trial of an actor’s lawsuit alleging he suffered the loss of his colon after taking the... |
| U.S. Stocks Fluctuate After GDP, Consumer, Manufacturing Data July 30 (Bloomberg) -- U.S. stocks swung between gains and losses, with the Standard & Poor’s 500 Index poised for its biggest monthly gain in a year, as investors sorted through both... |
| Greek Truck Drivers Vote to Continue Five-Day Strike July 30 (Bloomberg) -- Greek truck drivers voted to defy a government order and continue their five-day strike, which has caused nationwide fuel shortages, after talks with Transport Ministry... |
| U.S. Stocks Erase Loss, Treasuries Pare Gain on Confidence Data July 30 (Bloomberg) -- U.S. stocks and commodities erased losses, while Treasuries pared their advance, as higher-than- estimated readings on consumer confidence and American business activity... |
| Flesh-Eating Fish Pedicures May Be Banned Under New York Bill July 30 (Bloomberg) -- Using live fish to eat away dead skin in pedicures would be banned in New York State for health and humane reasons under a proposed... |
| Microsoft opening MOA retail store . The Redmond, Wash.-based company has expanded its retail presence in recent months, opening stores in Arizona, California and Colorado. A spokesperson with Bloomington-based Mall of America... |
| Microsoft CEO sees iPad rival as 'Job One' 's iPad is "Job One" at his company these days. "(Apple has) sold certainly more than I'd like them to sell, let me just be clear about that," Ballmer said. Despite the... |
| Indian Hotels to raise room rates this year MUMBAI: Tata Group-controlled Indian Hotels Co Ltd (IHCL) plans to raise its room rates this year, a senior company official said on Friday. "Occupancy has bounced back smartly in the last two... |
| FAM: The backdrop on the annual Microsoft analysts meeting Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Sharon... |
| Microsoft's Ballmer on Apple's iPad: Not for everybody, but we'll compete Microsoft CEO Steve Ballmer knew he couldn't avoid questions about Apple's iPad when he met yesterday with Wall Street analysts. Here are a few of his comments, from the transcript which you can... |
