Business

Wall Street Opens Lower, Extending Recent Decline

Stocks mostly fell on Monday, extending the previous week's decline as investors found few reasons to buy, though a rally in BlackBerry limited the Nasdaq's decline. The S&P 500 has now dropped for five of the past six sessions, receding...

UK’s Labour Tones Down Criticism Of Tesco And Next

Britain's Labour party toned down its criticism of retailers Tesco (TSCO.L), and Next (NXT.L) on Monday, a day after it said it planned to accuse them of favoring cheaper workers from Eastern Europe over British employees. Chris Bryant, a senior...

Blackberry Says It’s Open To Sale

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Canadian smartphone maker BlackBerry, struggling to compete in a difficult market, has set up a committee to look at options, including joint ventures, partnerships or a sale of the company. In a statement released before the market opened on Monday,...

Stock Futures Tick Higher Before Data, Fed In Focus

U.S. stock index futures edged higher on Tuesday, following stocks' slight decline on Monday, as investors braced for housing and consumer data in a week packed with economic numbers. Volume was expected to be subdued before the Federal Reserve released...

HTC Warns Of Third-Quarter Revenue Slide, Turnaround Prospects Bleak

Taiwan's HTC Corp said third-quarter revenue could fall as much as 30 percent from the previous three months, far worse than expected and underscoring deepening troubles for a smartphone maker with little prospect of an immediate turnaround. A delayed launch...

Amazon Unveils New Hiring Spree Ahead Of Obama Visit

Amazon.com Inc unveiled a new hiring spree on Monday ahead of a visit by President Barack Obama to one of the Internet retailer's giant distribution warehouses this week. Amazon said it is looking to fill more than 5,000 new full-time...

Futures Dip Ahead Of Key Data, Fed Meeting This Week

Barclays (BARC.L) confirmed it will set out how it plans to meet tougher UK rules on capital on Tuesday, responding to media reports it is considering selling new shares. Barclays said on Monday it had been in talks with Britain's...

Futures Dip Ahead Of Key Data, Fed Meeting This Week

U.S. stock index futures dipped on Monday as a week packed with data and central bank meetings gets under way, with the S&P 500 just 0.2 percent below its record close set a week ago. Investors will focus on Wednesday's...