There isn't any definitive study showing that giving a child certain toys will guarantee he or she will grow up to be a rocket scientist. But there is evidence suggesting that simple toys -- think Lego or Lincoln Logs -- are the best kinds of toys to stimulate a child's thinking skills and creativity.
From tomorrow the EU has effectively outlawed any investor buying credit default swaps on the government debt of a member state unless it is to hedge an underlying position. Tim Gately, head of European credit trading at Citigroup, discusses with capital markets correspondent Robin Wigglesworth the implications of this for the bond markets
Highlights from day two of the Democratic National Convention in Charlotte, North Carolina, included speeches from US Senate candidate Elizabeth Warren and former president Bill Clinton.
Deutsche Bank unveiled major cost cutting, risk reducing and capital boosting plans in the face of regulatory requirements and analysts weighed the cost of any involvement in the global libor-rigging scandal as it pre-reported earnings that missed expectations. Deutsche Bank said in a preliminary results statement that net income fell to around €700m from €1.2bn a year earlier, a figure that missed analysts' estimates by 30 percent
Chancellor George Osborne has suffered 'humiliating' GDP figures as the UK plunges deeper into recession (Reuters) While frantic Treasury spin doctors desperately try to work out what to say in reaction to the devastating GDP figures for the second quarter, analysts and commentators have not held back in their damning verdicts on the -0.7 percent collapse in output from the UK economy. Lost output from the extra day off during the Queen's Diamond Jubilee and wet weather are to blame, said the Office for National Statistics, as construction sector activity slumped to a -5.2 percent decline, while the service sector - representing three quarters of GDP - unexpectedly dropped by -0.1 percent. Here's what some have had to say about a bad day for Chancellor George Osborne
Britain's recession deepens after second-quarter slump Britain's economy shrank an astonishing 0.7 percent in the three months ending in June, the Office for National Statistics said, extending the worst double-dip recession in at least 50 years. The 0.7 percent decline was the biggest single quarter-on-quarter dip in at least three years, the ONS said, while the year-on-year contraction of 0.8 percent was the steepest since the fourth quarter of 2009
easyJet, one of Britain's largest low cost airlines, told investors it's lifting its full-year profit guidance thanks to increased passenger traffic and a successful fuel-hedging programmme. In a statement released Wednesday easyJet said revenue rose to £1.033bn in the three months ending in June, helping the group raise profit guidance to between £280m and £300m for the year, a figure which beat analyst estimates of £272m
The world's biggest steel maker Arcelor Mittal has posted a fall in its second quarter profits which the company attributes to weakness in steel and iron-ore demand and prices. Arcelor Mittal's second quarter net income fell to $959m (£619m) or $0.56 per share as against the previous year's $1.54 bn or $0.93 per share for the same quarter. The company's Q2 EBITDA (earnings before interest, tax, depreciation and amortisation) fell to $2.4bn (£1.5bn) as against $3.4bn in the previous year
The New York Times Co. ( NYSE : NYT), publisher of the third-largest U.S. newspaper by circulation, is expected to report higher earnings in the second quarter on lower revenue as print advertising is flat but online subscribers increase
Millions of Americans have gone broke by buying their dream home and now financial innovation is needed to help savers and mortgage holders get out of debt. Wall Street and Congress have too much power and they're using it to keep corrupt individuals from going to jail