Sep 4

The U.S. economy is destroying jobs for the third straight month in August but significantly less than expected and job creation in the private sector were pleasantly surprised, easing the pressure on the Federal Reserve for new measures support.
Last month, 54,000 non-agricultural jobs have been eliminated, said Friday the Labor Department, the number [...]

Aug 28

The Federal Reserve Chairman United States, Ben Bernanke said Friday that the economic recovery had slowed more than expected and the Fed was prepared, if necessary, to adopt additional measures to support the activity.
"The committee (monetary policy) is ready to implement further monetary easing through unconventional measures, if necessary, especially if the outlook [...]

Aug 25

The Chinese company Geely Automobile Holdings Wednesday reported a 35% rise in interim profits, higher than expected, but is facing a slowdown in sales due to increased competition in the biggest car market world.
The automaker, whose parent company Zhejiang Geely bought Volvo to Ford, posted a net profit of 804.85 million yuan (94 [...]

Aug 6

The CEO of Hewlett-Packard Co., Mark Hurd, under investigation for sexual harassment, resigned Friday, said the U.S. computer group.
Hurd, who was head of HP since 2005, will be replaced by Chief Financial Officer Cathie Lesjak, who will serve as interim executive director.
According to HP, an investigation into allegations of sexual harassment [...]

Aug 4

Dow Chemical reported earnings below expectations in the second quarter, an interruption of production at three plants dwarfing sales jump, all industries and all regions.
Accordingly, the action has opened down 6.8%.
The measures undertaken in these three plants to increase their operational speeds began earnings per share (EPS) of 7 cents and [...]

Jul 23

The results of resistance tests passed by 91 European banks confirm the overall resilience of the banking system of the European Union, said on Friday in a joint statement the European Commission, the European Central Bank and European bank regulators.
The results announced Friday by the Committee of European Banking Supervisors (CEBS) show that [...]

Jul 22

The Paris Bourse has picked lower Thursday in the opening exchanges in the wake of Wall Street affected by pessimistic about Fed Chairman Ben Bernanke on U.S. growth.
At 9:28, the CAC 40 was down 0.36% to 3481.19 points.
Rodamco Unibail-resistant, with a gain of 2.9%, largest increase in ACC after the announcement [...]

Jul 16

General Electric reported Friday a 16.1% increase in net income for the second quarter 2010, ending a run of nine consecutive quarters of declining results, the industry group that benefited from strong demand for equipment in the areas of health and energy.
The leaders of the U.S. giant, however, cautioned against some signs of [...]