IMF: Welcome ECB's Willingness to Undertake Market Operations
The International Monetary Fund said Thursday it welcomed European Central Bank comments earlier in the day that the bank may restart its bond-buying program, saying such action could help buy time for ailing euro members to overhaul their economies.
Consolidated Summary of July Retail-Sales Results
The following retail companies are among those that have reported July same-store retail-sales increases or (decreases) versus July 2011: COMPANY SYMBOL SAME-STORE FIRST CALL EST.
U.S. Charges Bristol-Myers Executive With Insider Trading
Federal authorities arrested a Bristol-Myers Squibb Co. (BMY) executive Thursday on charges that he used inside information about the drug maker's acquisition targets to make more than $300,000 in illicit profits from stock-option trading.
Wall Street Pounded as Central Bank Hopes Fade
Wall Street followed European markets sharply lower on Thursday as news that central banks on both sides of the Atlantic won't be taking immediate action to prop up struggling global economies shook traders' confidence.
How Boomers, Seniors are Using the Internet
Boomers might not have been born knowing how to text and update our Facebook status, but we are working to keep up on the latest online trends.
Cigna Earnings Slip, but Full-Year Guidance Raised
Cigna Corp.'s (CI) second-quarter earnings slipped 2.8%, pressured by losses in a business Cigna is departing, but the health insurer still turned in a better-than-expected quarter as a recent acquisition and membership growth pumped up revenue.
Plunge in Facebook Shares Has California Seeing Red
California is now scrambling because it got hypnotized and overstated by a factor of nearly 50% the amount of capital gains tax revenue that it thought was coming in from the Facebook IPO.
Brazil's Gerdau May Choose Iron Ore Partner By Year-End - Executive
Brazilian steelmaker Gerdau SA (GGB, GGBR4.BR) may select a partner for its iron ore operations in Brazil by the end of the year, a company executive said Thursday.
Kurdistan To Restart Oil Exports In Gesture To Baghdad
Iraq's semi-autonomous region of Kurdistan plans to restart 100,000 barrels a day of oil exports next week in a goodwill gesture aimed at breaking a deadlock with Baghdad over payment for previous exports, according to an advisor to the Kurdish minister of natural resources and letters sent to
Baked: Drought Conditions Intensify
The worst U.S. drought in 55 years continues to intensify as above-normal temperatures and scant rainfall parched corn and soybean crops across the Midwest.