North America

U.S. factory orders rebound solidly, but trend still soft

New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.


Cisco veteran Robbins to take over as CEO from Chambers

Cisco Systems Inc Chief Executive John Chambers will step down in July after 20 years at the helm of the network equipment maker, a symbol of the dot.com stock boom 15 years ago now struggling to boost its bottom line in the era of cloud computing.

Wall Street ends on upbeat earnings from Berkshire, Cognizant

Wall Street ended higher on Monday as corporate earnings came in better than feared, although shares of McDonald's declined after the fast-food chain's turnaround plan left investors wanting more.

Pimco Total Return Fund loses world's biggest bond fund title

The Pimco Total Return Fund, launched by Bill Gross, has lost its title as the world's biggest bond mutual fund, following two years of withdrawals.


Latest News

Top executives close to Charter Communications Inc (CHTR.O) have reached out to management at Time Warner Cable Inc (TWC.N) to discuss a possible merger of the cable operators, the Wall Street Journal reported on Sunday.
Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead.
Always top of the data pile, this week will be no exception for the U.S. jobs report with a first interest rate rise likely this year despite a dramatic slowdown in the first quarter.
Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight.
After a night of New Year's Eve style partying, Las Vegas awoke ready to rumble on Saturday as the 'Fight of the Century' between unbeaten Floyd Mayweather Jr. and Manny Pacquiao entered the final countdown.
With prices for top-tier works of art at an all-time high, records for paintings and sculpture appear certain to fall at upcoming spring auctions in New York by Christie's and Sotheby's.
Billionaire investor Daniel Loeb said on Friday his hedge fund has taken a new position in Yum! Brands (YUM.N), sending the fast-food restaurant company's stock up nearly 7 percent.
U.S. aviation regulators are talking to drone makers and service providers about testing commercial drones that can fly beyond an operator's visual line of sight, currently banned for safety reasons, according to people with knowledge of the discussions.
Oil prices eased off 2015 highs on Friday after Iraq said its crude oil exports hit a record in April, and on pressure from a stronger dollar.
U.S. shares rebounded sharply on Friday on gains in healthcare and technology stocks, while the dollar rose from nine-week lows on signs that the U.S. economy may be stabilizing.
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