News


Latest News


Sterling drops on Scottish uncertainty; euro steady against dollar

Sterling dived to its lowest against the dollar in nearly 10 months on Monday after a poll for the first time showed Scotland was ready to vote to break up its three-century-old union with the rest of the United Kingdom.

Sep 08, 2014 11:58 AM EDT


Tesla CEO says could sign new deal with Toyota in 2-3 years

Electric carmaker Tesla Motors Inc (TSLA.O) and Toyota Motor Corp (7203.T), the world's best-selling automaker, could sign a new deal over the next two to three years, Tesla CEO Elon Musk said, as the two firms ready to end an existing program.

Sep 08, 2014 11:01 AM EDT


U.S. job growth brakes to eight-month low, labor force shrinks

U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.

Sep 05, 2014 10:32 AM EDT


Obama says will 'degrade and destroy' Islamic State

The United States plans to fight Islamic State until it is no longer a force in the Middle East and will seek justice for the killing of American journalist Steven Sotloff, President Barack Obama said on Wednesday.

Sep 03, 2014 10:52 AM EDT


Dollar General sweetens Family Dollar bid, may go hostile

Dollar General Corp (DG.N) raised its bid for Family Dollar Stores Inc (FDO.N) to $9.1 billion, and warned it may turn hostile and appeal directly to shareholders if the new offer was rejected.

Sep 02, 2014 10:57 AM EDT


Obama says does not yet have military strategy for Islamic State

President Barack Obama said on Thursday the United States has not yet developed a strategy for confronting Islamic State in Syria, an acknowledgement that a decision had not been made on whether to launch air strikes against the militant group.

Aug 29, 2014 10:21 AM EDT


U.S. second-quarter growth strengthens

The U.S. economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

Aug 28, 2014 10:32 AM EDT


Buffett puts shareholders ahead of patriotism in Canadian deal

Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the United States. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year.

Aug 27, 2014 9:28 AM EDT


GM ignition-switch fund receives claims for more than 100 deaths

A program to compensate victims of crashes linked to a faulty ignition switch in General Motors vehicles has received claims for 107 deaths as of Tuesday, according to a spokeswoman for the lawyer overseeing the program.

Aug 27, 2014 8:57 AM EDT


U.S. home prices fall in June: S&P/Case-Shiller

U.S. single-family home prices fell in June and disappointed expectations, a closely watched survey said on Tuesday.

Aug 26, 2014 10:34 AM EDT


Drive to be the best - McIlroy or Scott?

Rory McIlroy is the best driver in contemporary golf when he is 'on his game' while Adam Scott is consistently the best, day-in and day-out. Both players are regarded as better off the tee than Tiger Woods was at his peak.

Aug 26, 2014 10:12 AM EDT


Germany clears $6.9 billion RWE unit sale to Russian investor

Germany's economy ministry approved the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis.

Aug 22, 2014 10:46 AM EDT