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BlackBerry reports smaller-than-expected loss; revenue falls

BlackBerry Ltd (BB.TO) (BBRY.O) reported a much smaller-than-expected quarterly loss on Friday and said it was concentrating on growth and investments, even as concerns about weak revenue linger.

Sep 26, 2014 11:46 AM EDT


Chrysler recalls 350,000 vehicles on ignition switch issues

Chrysler Group LLC, a unit of Fiat SpA (FIA.MI), said it will recall about 350,000 vehicles from the 2008 model year because of a condition that may cause the ignition key to get stuck or inadvertently move.

Sep 26, 2014 11:28 AM EDT


Hyundai-led group agrees to $10 billion land deal, stokes union rage

Hyundai Motor Co (005380.KS) and its two affiliates approved Asia's biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul.

Sep 26, 2014 11:23 AM EDT


Dollar holds near four-year highs, Europe stocks recover

The dollar held just below a four-year high against a basket of currencies on Friday, fuelled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.

Sep 26, 2014 11:14 AM EDT


Ford to recall about 850,000 cars to fix airbag deployment glitch

Ford Motor Co (F.N) said it will recall about 850,000 cars in the United States to fix a software glitch that could lead to a short circuit, delaying the deployment of airbags in the event of a crash.

Sep 26, 2014 10:56 AM EDT


Wall St. slumps as Apple drags; S&P breaks support level

U.S. stocks were sharply lower heading into the midpoint of trading on Thursday, with each of the major indexes falling more than one percent and the S&P dropping through a key support level as Apple shares slumped.

Sep 25, 2014 12:07 PM EDT


Ford to add 1,200 jobs, shift for Transit van assembly in Missouri

Ford Motor Co said on Thursday by year end it will add 1,200 jobs and a second shift to build the Transit commercial van at a plant in Missouri, making it the automaker's largest volume factory globally.

Sep 25, 2014 11:30 AM EDT


U.S. business spending plans, jobs data support growth outlook

Orders for long-lasting U.S. manufactured goods in August posted their biggest drop on record after an aircraft-related boost, but a rebound in business spending plans pointed to underlying strength in the economy.

Sep 25, 2014 11:00 AM EDT


U.S. new home sales at six-year high; supply increases

Sales of new U.S. single-family homes surged in August and hit their highest level in more than six years, offering confirmation that the housing recovery remains on course.

Sep 24, 2014 11:36 AM EDT


Bullard says Fed needs to make rate guidance more data dependent

The U.S. central bank needs to change the way it communicates its view on the future path of interest rates, a Federal Reserve official said on Tuesday, joining others inside the Fed who are calling for an overhaul of its policy statement.

Sep 23, 2014 11:54 AM EDT


Dollar softens after record run-up

The dollar softened on Monday as other major currencies recovered some ground after 10-weeks of gains by the dollar index, its longest winning streak since the greenback's free float in 1973.

Sep 22, 2014 11:32 AM EDT


Alibaba IPO ranks as world's biggest after additional shares sold

Alibaba's initial public offering now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares.

Sep 22, 2014 11:11 AM EDT