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Sensex down by nearly 140 points on weak Asian cues
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2G: Swamy to be a witness in plea against Chidambaram
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Friday, December 31, 2010
money news
Dig 2 feet into the sand on this wind-swept beach and up comes the foul smell of oil. The unmistakable whiff of crude eight months after the BP spill is one of the last in-your-face reminders of the long, tainted summer on the Gulf Coast. For months, in what BP calls...
Shares of U.S. oil and gas company Anadarko Petroleum Corp. jumped above highs reached days before BP's Gulf of Mexico Oil spill, rising more than 8 percent Thursday on market talk that a bid from BHP Billiton Ltd. was in the works. Rumors resurfaced that BHP Billiton is...
Jailed Russian oil tycoon Mikhail Khodorkovsky was sentenced to six more years in prison Thursday following a trial seen as payback for his defiance of Vladimir Putin's power.Judge Viktor Danilkin sentenced Khodorkovsky to 14 years after convicting him of stealing oil from...
December is expected to be the third straight month that U.S. auto sales hold above 12 million vehicles on an annualized basis, capping a year of gradual recovery for the auto sector, analysts said. While December alone cannot predict 2011 performance, a full calendar...
The number of foreclosed homes rose over the summer after fewer people at risk received assistance lowering their monthly mortgage payments, a new report shows.About 470,000 homeowners received help either directly from banks or through government programs in the...
Wall Street executives may face smaller bonuses and a public that still eyes them with suspicion, but that isn't stopping them from rediscovering their love of luxury cars, oceanfront homes and private jets. A soaring stock market, a surge in merger deals and an uptick in...
China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the United States at the World Trade Organization. China, which produces about 97 percent of the global supply of rare earth minerals, cut its...
The new year is offering hope to deal advisers, as U.S. bank M As promises to return at a healthy clip after three years of gloom. For a change, healthy banks are once again stepping up to snap up rivals as they search for revenue growth in a lukewarm economy, investment...
Chinese housing prices are on track to dip early next year, with tighter monetary policy and rising inventories combining to take some air out of a market that some fear could yet swell into a bubble. The government launched a campaign late last year to brake soaring...
Francisco and Pam Cruz maneuvered around boxes of new flooring and open cans of paint as they surveyed the foreclosed Phoenix house they would soon call their own. This house wasn't typical of the thousands in foreclosure-battered Arizona that banks have auctioned for...
A California woman is under arrest as part of a federal crackdown on people working at financial research firms who illegally feed inside information to investors.Winifred Jiau is scheduled to appear Wednesday in federal court in San Francisco.Manhattan prosecutors say the...
Shares of rare-earths prospectors soared on Wednesday after China cut export quotas, threatening to reduce already tight global supplies and risking action from the United States at the World Trade Organization. Shares of Lynas Corp., which owns the world's richest known...
Oil has burst above top exporter Saudi Arabia's preferred $70-$80 range and yet OPEC is unlikely to stop the rally, helping to prepare the way for the market to bound above $100 a barrel. At meetings this month a full conference of the Organization of the Petroleum...
Holiday spending surged this year, but Americans still have their doubts about the economy.With unemployment high and home prices falling in the nation's largest cities, consumer confidence took an unexpected turn for the worse in December.The decline followed two months of...
Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they're hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years.The...
Corporate profits are up. Stock prices are up. So why isn't anyone hiring?Actually, many American companies are just maybe not in your town. They're hiring overseas, where sales are surging and the pipeline of orders is fat.More than half of the 15,000 people that...
After a calamitous 2009, which saw home entertainment spending drop 5 percent as Americans struggled with tough economic times, 2010 wasn't all that bad. Sure, total consumer spending is likely to be down again, as dramatic Blu-ray Disc and digital delivery growth still...
Shares of Molycorp Inc. rose as much as 11.6 percent Tuesday after China said it would cut its rare earth mineral export quotas. The surge, which extends the nearly 10 percent jump that Molycorp posted Monday, came after China cut its first batch of rare earth export...
Shares of Netflix slid Monday as the list of those questioning the future profitability of the video rental company grows. Barron's assigned a stock rating of IB, for Netflix, short for investors, beware, saying the company will have a difficult time maintaining profit...
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