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The Top News
1:45 AM - Thursday, May 23, 2013
5 hour ago
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Yahoo! News: Business News
By Aileen Wang and Koh Gui Qing BEIJING (Reuters) - China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed, entrenching fears that its economic recovery has stalle . . .
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- China factory activity falls - CNNMoney.com
3 hour ago
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money.cnn.com
Elon Musk's electric-car company paid off federal loan 9 years before it was due.
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- Electric carmaker Tesla pays off U.S. loan - FOXBusiness.com
5 hour ago
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news
Ford said it would stop making vehicles at its unprofitable Australian plants in 2016 and axe 1,200 jobs, ending an era that began in 1925 with the firm's first local car.
4 hour ago
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Yahoo! News: Business News
TOKYO (AP) — Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are vulnerable to rises in inte . . .
3 hour ago
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BBC
IMF chief Christine Lagarde arrives at a Paris court for questioning over a payout to a tycoon when she was French finance minister.
4 hour ago
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BBC
Nissan says it plans to recall about 841,000 vehicles worldwide, 133,869 of them in the UK, due to a faulty steering wheel.
2 hour ago
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WSJ.com
Chinese personal-computer maker Lenovo Group's fiscal fourth-quarter profit rose 90% from a year earlier, setting it apart from an industry that is struggling with weak demand.
16 hour ago
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Washington Post /
On the Internet, words never die. Abercrombie & Fitch's CEO Mike Jeffries learned that the hard way in recent weeks as the company's brand has been battered online and on television for comments he made seven years ago. Read full article >>
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- Attractive & Fat challenges Abercrombie & Fitch - USATODAY.com Money News
- Abercrombie & Fitch Execs Are Being Micromanaged By The CEO's Partner - Business Insider / Ashley Lutz
- Abercrombie & Fitch: Sorry! - on The Huffington Post / Jade Walker
7 hour ago
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FOXBusiness.com
Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom.
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3 hour ago
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MarketWatch.com
European stock markets open with sharp losses on Thursday, after disappointing data from China and comments from the U.S. Federal Reserve about tapering its stimulus program stoke worries about slower global growth and less liquidity.
6 hour ago
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news /
George Soros has put £50m into Hyperoptic, a start-up aiming to leapfrog Britain's telecoms giants by building a fibre optic network that offers consumers internet access at least 10 times faster than currently available.
3 hour ago
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CNBC
Quantitative easing is not printing money and bank reserves aren't money. Here's why.
3 hour ago
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MarketWatch.com
Japanese government bonds swung wildly, recouping morning losses after the Bank of Japan acts to stabilize the market and Japanese shares plummet.
5 hour ago
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FOXBusiness.com
American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the sit . . .
4 hour ago
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FOXBusiness.com
Metals swap deals with Iran by Switzerland-based commodities giants Glencore Xstrata and Trafigura could have been a way of skirting international sanctions against Tehran over its nuclear program, according to a confidential U.
5 hour ago
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FOXBusiness.com
Kathrin Jansen is a microbiologist with at least two breakthrough vaccines to her name: she brought the cervical cancer vaccine Gardasil to market for Merck and helped develop the $4 billion a year pneumonia and meningitis vaccine Prevnar 13 fo . . .
4 hour ago
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news
The FTSE 100, which rose to second highest close on record yesterday, opened down sharply on Thursday after a surprise contraction in Chinese manufacturing hit Asian markets and worries that the Fed could ease up on QE.
5/20/2013
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Yahoo! News: Business News
By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs Group Inc raised $1.1 billion by selling its remaining shares in Industrial and Commercial Bank of China, ending a seven-year old investment and handing the Wall Street firm a r . . .
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6 hour ago
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news /
Cable & Wireless Communication announced plans to leave the UK after 140 years as it returned to profit after offloading businesses in gambling hubs Monaco and Macau.
4 hour ago
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MarketWatch.com
Asian stocks take a beating after Chinese data showing manufacturing activity unexpectedly contracted in May. Japan’s Nikkei Stock Average plunges 7.3%, its worst finish since March 2011, swinging spectacularly from a 2% rise earlier in the day . . .
