For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse. As crude prices slide, oil producers are slashing new project spending.
Industry
President Obama Lays Out Plans in State of the Union Speech; Zero Community College Cost, To Implement Middle-Class Economics
Bold and beautiful : President Obama delivered his speech in his State of the Union. The President laid out impeccable plans to the American people.
Central bankers lurch from 'whatever it takes' to 'whatever next'
The Swiss currency shock has raised an awkward question many investors have been fearful of asking - what if central banks become as unpredictable and fallible as they are powerful?
Wal-Mart launches in-store tax refunds
Wal-Mart Stores Inc (WMT.N) has launched a service allowing customers to pick up tax refunds in cash at stores across the United States.
Global stocks rise on China growth relief, dollar up vs yen
Shares rose on Tuesday and the dollar gained 1 percent against the yen after China said its economy had not slowed as much as many in markets had feared.
Latest News
U.S. consumer prices recorded their biggest drop in six years in December and a gauge of underlying inflation was flat, which could make the Federal Reserve more cautious about raising interest rates.
U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.
China's Dalian Wanda Commercial Properties Co Ltd on Wednesday said four investors have agreed to contribute 24 billion yuan ($3.87 billion) over the coming two years as the first tranche of funding to build around 20 shopping malls.
Chipotle Mexican Grill Inc's decision to suspend purchases from a pork producer that ran afoul of its animal welfare rules could bolster its reputation with diners but threatens sales and profits this quarter.
Lululemon Athletica Inc (LULU.O) issued a robust forecast for the current quarter on Monday that topped market expectations and lifted its shares as strong holiday sales signaled the Canadian yogawear maker's comeback efforts may be paying off.
Brazilian industrial output took an unexpected step backward in November as production of durable goods declined sharply, further damping hopes of a recovery in the long-beleaguered sector.
U.S. job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labor market has yet to give much of a boost to workers.
Investors hope the lower gasoline cost is putting more money in consumers' wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that's happening.
Starbucks Corp on Thursday said Chief Operating Officer Troy Alstead, who as finance chief helped lead the coffee chain's extensive restructuring a few years ago, is taking an extended unpaid leave to spend more time with his family.
