Browsing: Business & Economy News

Oil prices fell on Monday as China’s economic growth data fuelled concerns over energy demand in the world’s second largest economy, traders said. New York’s main contract, West Texas Intermediate (WTI) for delivery in February, dropped 67 cents to $…

Europe’s main stock markets were largely flat on Monday after losses in Asia as traders reacted to China’s latest economic growth data. London’s FTSE 100 index of top companies dipped 0.03 percent to stand at 6,831.11 points around midday in the British…

The US Treasury Department said Thursday that it plans to sell about 40 percent of its shares in rescued bank Ally Financial for around $3 billion. Ally Financial, the former lending arm of automaker General Motors, was bailed out by the government…

European stocks pulled back on Thursday, failing to gain traction from a surprise drop in US unemployment claims, while Citigroup earnings disappointed. London’s benchmark FTSE 100 index ended the day down just 0.07 percent at 6,815.42 points. Frankfurt…

US stocks finished the week modestly higher following a mixed batch of corporate earnings reports, avoiding a major retreat that had been feared early in the period. The Dow Jones Industrial Average edged 21.51 (0.13 percent) higher to 16,458.56. The…

US President Barack Obama will head to Brussels on March 26 to attend an EU-US summit, a European source told AFP Friday. The meeting is expected to give Obama the opportunity to mend ties with the 28-nation bloc, after tensions over revelations that…

Nintendo on Friday warned it would swing back into the red this fiscal year as the Japanese gaming giant slashed its sales target for the Wii U console, blaming poor sales over the key holiday season. The dramatic downgrade stands in marked contrast…

Dunkin’ Brands Under the agreement, Dunkin’ Donuts will become the official coffee, tea and bakery partner for Liverpool FC, and Baskin-Robbins will become the official ice cream partner. Dunkin’ Brands Group, Inc. (Nasdaq: DNKN), the parent company…

A federal judge Thursday rejected Apple’s request for more time to comply with a ruling on e-book price-fixing, while chastising the company for failing to cooperate with a court-appointed monitor. US District Judge Denise Cote denied Apple’s request…

lnternational Monetary Fund chief Christine Lagarde said Wednesday that growth in the global economy was picking up, but warned of the “rising risks” of deflation. “Momentum strengthened in the latter half of 2013, and should strengthen further in 2014…

US stocks Wednesday moved higher following a rise in European markets after the World Bank raised its growth forecast for the global economy. About 35 minutes into trade, the Dow Jones Industrial Average advanced 74.31 (0.45 percent) to 16,448.17. The…

The S&P 500 Wednesday closed at a new record following a batch of mostly solid economic and corporate earnings reports, and a modestly upbeat Federal Reserve report. The S&P 500 jumped 9.50 (0.52 percent) to 1,848.38, edging past the prior record of…

Google made big news earlier this week, announcing that they would be acquiring Nest Labs, the maker of the Nest Learning Thermostat. Google have a long history of investing in clean energy and clean technologies like Nest, and they have continued that…

Norway’s Yara, the world’s biggest mineral fertiliser producer, said Wednesday it had been hit with a hefty fine by Norwegian authorities following an international corruption investigation. The firm said it would not contest the 295-million-kroner (…

NEW YORK, NY–(Marketwired – January 14, 2014) – Profit Planners Management, Inc. (OTCQB: PPMT) announced its financial results for the…

LONDON, Jan. 13, 2014 /PRNewswire/ — Reportbuyer.com just published a new market research report: Mobile Video Adaptation And Delivery 2013 – 2016 Mobile video & TV services have been around for almost over a decade…and yet mobile network operators…

Enlarge Many Chinese firms choose to list shares in the West, instead of limiting themselves to domestic markets (pictured). New York-based research firm Muddy Waters has brought down a handful of them with fraud accusations, making a profit along the…

Momentum has slowed on Wall Street after the surge at the end of 2013, but the stock market’s tally at week’s end was still respectable, even if not outstanding. While the market spent much of the week in the red, two of the three indices still finished…

International Monetary Fund Managing Director Christine Lagarde said Thursday that question marks remain over the health of Europe’s banks and that coming stress tests are a chance to build confidence in them. In an article published online by Project…

New Food market report from Business Monitor International: “Nigeria Agribusiness Report Q1 2014” Boston, MA — (SBWIRE) — 01/09/2014 — Cocoa continues to be the sector we see with the most potential for growth over the short- and medium-term, especially…