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  • Nasdaq drops bid for NYSE on DOJ's antitrust move

    2011-05-17 10:24

    Nasdaq and IntercontinentalExchange on Monday withdrew their joint $11 billion bid for the parent of the New York Stock Exchange after the US Department of Justice informed the companies that it would pursue a lawsuit to block the deal.

  • Eurozone divided over Greek debt approach

    2011-05-17 10:20

    Top eurozone officials disagreed over whether to consider changing the debt repayment terms for Greek bonds, a move some experts say is inevitable and others deem too risky for Europe's broader financial stability.

  • Foreign holdings of US govt debt rise

    2011-05-17 07:29

    Total foreign holdings of US long-term securities in March reached 4.4792 trillion US dollars, up from 4.4743 trillion dollars from the previous month.

  • Oil falls to below $99 as dollar rallies

    2011-05-16 15:26

    Oil prices fell below $99 a barrel Monday in Asia as crude became more expensive for investors with other currencies amid a US dollar rally.

  • Canada's Quebec launches ambitious Plan Nord

    2011-05-16 13:36

    The Plan Nord will be carried out over 25 years and engender investments of over $80 billion. It will create or consolidate 20 000 jobs a year, on average, and generate $14 billion in revenue for the government and Québec society.

  • US businesses reluctant to open in Mexico

    2011-05-16 11:14

    Dozens of Mattel Inc. employees were on their way to another day of work making Power Wheels in Mexico's industrial heartland when gunshots erupted around them and a grenade ripped into one of their buses.

  • Wal-Mart to invest in China's Yihaodian.com

    2011-05-13 21:02

    US retailer giant Wal-Mart said on Friday that it has signed a deal to buy a minority stake in China's emerging online store Yihaodian.

  • Facebook-Google rivalry intensifies

    2011-05-13 09:35

    Facebook hired a prominent PR firm trying to plant stories harshly criticizing Google's privacy practices. The efforts backfired when the firm approached a blogger who not only declined the assignment, but also went public with the offer.

  • EU praises China's help on economy

    2011-05-13 00:10

    EU foreign policy chief thanked China for its "continued involvement" in European sovereign bond markets, saying the confidence displayed by Beijing gave countries room to carry out economic reform.

  • US jobless claims fall 44,000 in latest week

    2011-05-12 21:32

    US claims for unemployment aid fell sharply last week after a surprisingly big rise the prior week, a government report showed on Thursday.

  • IMF says Europe must fix banks

    2011-05-12 16:23

    The International Monetary Fund is urging Europe to push shaky banks to strengthen their finances as the best way to keep the debt crisis in Greece, Portugal and Ireland from hitting a growing eurozone economy.

  • AIG $9 billion offering could be pulled: sources

    2011-05-12 13:44

    American International Group and the US Treasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale if it can not be done profitably.

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