What's News US
Updated: 2 years 2 months ago
Markets edged down, with Australia and Singapore leading the region lower. Qantas plunged over 10% in Sydney after announcing steep first-half losses and job cuts. The S&P/ASX 200 fell 0.6%.
Qantas Airways forecast a steep first-half loss, potential asset sales and deep spending cuts that will include the axing of another 1,000 jobs.
Samsung is looking to sell more smartphones to corporate and government clients, but to do so, the technology giant has to address problems with its mobile security platform.
Intuitive Surgical warned customers last month that instruments used in its surgical robots can momentarily stall during procedures.
The activist billionaire is softening his approach to getting at Apple's bulging cash pile, now seeking a shareholder vote for a more-modest share buyback than what he proposed earlier this year.
AT&T and T-Mobile US are considering bids for a block of spectrum licenses held by Verizon Wireless, people familiar with the matter said.
Gasoline prices are rising as the holiday season kicks off, as stronger demand in the U.S. and elsewhere takes a bite out of fuel supplies.
Six financial institutions were fined $2.32 billion by European Union regulators for colluding in an attempt to manipulate key benchmark interest rates, the EU's largest-ever penalty in a cartel case.
The ratings firm cited "evidence of a sustained rebalancing" in the country's economy that supports its view that public finances are slowly improving.
Norman Rockwell's "Saying Grace," a painting that adorned the cover of the Saturday Evening Post in 1951, sold for $46 million at Sotheby's in New York, setting a record for the American Art category.
Barrick, the world's largest gold miner, announced a raft of boardroom changes and the exit date of founder and chairman Peter Munk, as it looks to ease investors' concerns over corporate governance at the gold-mining giant.
SAC Capital placed such importance on information gathered from company executives when deciding which stocks to buy or sell that it offered training sessions led by "intelligence professionals" on how to use meetings to extract clues, jurors were told.
Three Wall Street trade groups are suing the Commodity Futures Trading Commission alleging procedural violations at the agency.
Witness gives account in court of inner-workings of the giant Ponzi scheme, including techniques for forging documents.
Lehman Brothers' estate is shopping its 20% stake in New York hedge-fund D.E. Shaw Group, sources say, with bids expected in December.
Dish will bid for spectrum in an auction scheduled for next month and won't face competition from the nation's top cellphone carriers, according to an FCC list.
Robert Friedland will participate in the $2.4 billion rights issue of Turquoise Hill, the mining company that discovered the Mongolian Oyu Tolgoi copper and gold deposit.
The U.S. economy expanded at a "modest to moderate" pace in recent months, with strength coming from the manufacturing sector and consumer spending, according to the Federal Reserve's survey of regional economic conditions.
Russian energy company OAO Gazprom will present draft proposals responding to European Union competition concerns.
Commercial time for next year's Super Bowl XLVIII is sold out, according to Fox network. Marketers are paying up to $4 million for 30 seconds during the game.