Markets


Latest News


Drop in U.S. jobless claims points to labor market strength

The number of Americans filing new claims for unemployment benefits fell last week to nearly its lowest level since before the 2007-09 recession, a sign of growing steam in the U.S. labor market.

Oct 09, 2014 11:28 AM EDT


Energy shares extend recent decline

Energy shares were once against the biggest losers of the day in morning trading on Thursday, continuing a recent trend of weakness amid falling oil prices.

Oct 09, 2014 11:01 AM EDT


BMW hires Ferrari's former chief engineer to polish tech prowess

BMW (BMWG.DE) has hired Ferrari's former chief engineer as it seeks to strengthen its technical prowess amid intensifying competition with rival German luxury carmakers Audi and Mercedes-Benz.

Oct 09, 2014 10:55 AM EDT


Audi sells fewer cars than Mercedes as competition intensifies

Audi (VOWG_p.DE) sold fewer cars than rival Mercedes-Benz for the first time this year in the latest sign that the sales rivalry among Germany's top luxury automakers is intensifying.

Oct 09, 2014 10:49 AM EDT


Five ways to get help with your 401(k)

When Chris Costello wanted to test his new online 401(k) advice service called blooom, he asked his sister if she would let him peek under the hood of her account.

Oct 08, 2014 11:47 AM EDT


Budget divisions overshadow EU jobs talks

French President Francois Hollande defended his push for an easing of European Union budget restrictions on Wednesday, potentially deepening divisions with Germany which is pressing Paris to move faster on reforms.

Oct 08, 2014 11:35 AM EDT


Adidas beefs up management as it seeks to revive fortunes

German sportswear firm Adidas (ADSGn.DE) has appointed two new senior managers as part of an ongoing overhaul of its top leadership aimed at making the firm quicker to respond to consumer trends to keep up with bigger rival Nike (NKE.N).

Oct 08, 2014 11:31 AM EDT


The Big Data bounty: U.S. startups challenge agribusiness giants

Chris Gould's combine cab is loaded like the cockpit of a fighter jet he used to fly as he harvests soybeans in northern Illinois, steered by satellites, four video screens glowing with up to minute updates about his crop and the work's progress.

Oct 08, 2014 11:03 AM EDT


Growth worries grip world's stock, oil markets

European stock markets fell for a second day on Wednesday, pushing world share indices back toward their lowest in six months as concern mounts over global economic growth.

Oct 08, 2014 10:59 AM EDT


Denso not seeking big M&A, could buy smaller firms

Denso Corp (6902.T), the world's second-biggest car-parts supplier, does not plan to join global rivals in bulking up through a big merger but it is looking to buy smaller parts makers with niche technologies, the company's head said.

Oct 07, 2014 11:43 AM EDT


As oil prices tank, new era of abundance seen dawning

As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance.

Oct 07, 2014 11:24 AM EDT


Chrysler recalls cargo vans due to inadvertent airbag deployments

Chrysler Group LLC said on Tuesday it is recalling about 22,100 small cargo vans because of inadvertent side air bag deployments, the company and U.S. safety regulators said.

Oct 07, 2014 11:17 AM EDT