The monthly jobs report has always been a big event, but this time, the stakes are higher. The outlook, however, is gloomier
Top Post-Market Nasdaq Movers (Amyris, Theravance, KiOR, Mitcham, TechTarget, Cross Country Healthcare, Warner Chilcott, SeaChange, Conn’s, ZAGG)
The top after-market Nasdaq gainers Wednesday were Amyris Inc, Theravance Inc, KiOR Inc, Mitcham Industries Inc and TechTarget Inc.
ECB President Mario Draghi The European Central Bank will announce tomorrow that it plans to buy and "unlimited" amount of bonds in the market that have been issued by trouble EU members in order to lower yields and prevent any further spiralling of the region's two-year old debt crisis.
The European Union flag is pictured in a window reflecting a street in London (Photo: Reuters) How could the U.K. carry on without the dynamic leadership of Herman Van Rumpoy, José Manuel Barroso etc. and the moral guidance of the European Human Rights Commission?
Manufacturing downturns spared no one in August, surveys of purchasing executives showed, in the latest sign of weakness in the global economy.
Hudson's Bay Co., the owner of Lord & Taylor and North America's oldest continuously operating retailer, plans to go public on the Toronto Stock Exchange by November in one of the biggest retailer offerings since the financial crisis began, according to reports Tuesday.
Oil & Natural Gas Corp. (Mumbai: ONGC), India's largest state-controlled energy driller, could lose its bid for $5 billion in Canadian assets controlled by ConocoPhillips Co. (NYSE: COP) due to ONGC's investments in Iran, a new risk as the company tries to accelerate its foreign investments, according to the Times of India
Several unidentified banks under investigation for the suspected manipulation of Euro Interbank Offered Rate (Euribor) are reportedly cooperating with European Union antitrust regulators in the hope of lower fines, said two unnamed sources cited by Reuters. When Barclays settled with US and UK regulators for a record fine of £290m for rigging Libor and Euribor, the bank received a 30 percent discount under the UK's Financial Services Authority's (FSA) settlement discount scheme. It paid the FSA £59.5m; without the discount, this would have been £85m.
On 25 July 2012 Britain's Office for National Statistics (ONS) issued its official estimate for the country's second quarter Gross Domestic Product ( GDP ). A contraction was expected by all and the range amongst economists was between -0.2 per cent and -0.4 per cent. The Telegraph's Angela Monaghan credited Vicky Redwood of Capital Economics with coming nearest and predicting the worst, at -0.5 per cent and so the ONS's -0.7 per cent came as a shock to everybody
Yahoo! Inc. (Nasdaq: YHOO)'s earnings increased in the second quarter as the tech giant's advertising revenue rose slightly