Business

Taiwanese smartphone maker HTC reported a worse than expected net fourth-quarter profit on Sunday, despite aggressive cost cutting and a one-time gain. The company reported net profit of T$0.3 billion ($10 million), compared to a net loss of T$2.97 billion...

Boeing's machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions. The vote of 51 percent to 49 percent to...

The Federal Reserve could well consider cutting its bond-buying by more than a $10 billion monthly increment in the future, Philadelphia Fed President Charles Plosser said on Saturday, floating $25 billion as a hypothetical amount. The U.S. central bank trimmed...

Boeing's machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions. The vote of 51 percent to 49 percent to...

Asian share markets were under water on Friday after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and...

Hyundai Motor (005380.KS) said on Friday that its U.S. sales climbed 6 percent to 63,005 vehicles in December from a year earlier, bringing its 2013 U.S. sales to a record high of 720,783 vehicles driven by the Elantra compact...

Mexico's oil refining industry, saddled for years with bloated costs, chronic underinvestment and generous government fuel subsidies, ought to be on the verge of a bright new dawn. A shake-up last month dismantled the state-run Pemex oil and gas monopoly,...

Fiat's (FIA.MI) deal to take full control of Chrysler on better-than-expected terms has cemented CEO Sergio Marchionne's dealmaking reputation, but he might run out of road to channel that drive into operational success for the business. The toll taken by...

World share markets made a soft start to 2014 on Thursday in the wake of disappointing data on Chinese manufacturing, while investors showed renewed appetite for commodities and the dollar as the new year got underway. Gold grabbed the limelight...

Fiat shares jumped on Thursday after it struck a $4.35 billion deal to gain full control of Chrysler Group LLC, but doubts remained over whether the Italian carmaker can use the merger to cut losses in Europe. Investors welcomed the...