Archive for January 2010
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Oil was steady below $78 on Thursday after strong Chinese growth data offset bearish sentiment following a World Bank outlook highlighting risks that the global economic recovery may run out of steam. China's annual gross
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US gold futures hit a two-week low on Wednesday, ending more than 2 percent lower, as a resurgent dollar and China's tightening of bank lending decreased bullion's appeal as a hedge against both inflation and
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Gold steadied above $1,110 an ounce on Thursday, after briefly trimming gains when strong growth data from China increased concern that Beijing may rein in the country's rapid expansion and sent the dollar higher. The
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Burger King on Thursday opened its first outlet in Russia, nearly two decades after its rival McDonald's, as it looks to take advantage of new markets' growing appetite for fast food. The first opening in
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President Barack Obama on Thursday announced a plan to limit the size and scope of US banks and finance firms in a bid to roll back corporate excess and limit dangerous risk-taking. The announcement was
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Goldman Sachs Group Inc dramatically changed course on pay, setting aside nothing for compensation in the fourth quarter and instead making a $500 million charitable contribution. The move helped the Wall Street bank report fourth-quarter
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Goldman Sachs Group Inc dramatically changed course on pay, setting aside nothing for compensation in the fourth quarter and instead making a $500 million charitable contribution. The move helped the Wall Street bank report fourth-quarter
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The number of US workers filing new applications for jobless insurance unexpectedly rose last week, but a jump to a record high in a gauge of economic prospects eased concerns about the recovery. The Labour
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The US Supreme Court has ruled that corporations may spend freely to support or oppose candidates for president and Congress, easing decades-old limits on their participation in federal political campaigns. By a 5-4 vote, the
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Continental Airlines and Southwest Airlines results topped Wall Street estimates as more people booked flights and ticket prices rose, but the airlines said the path to recovery would be rough. The airlines' shares rose in
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