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Wednesday, July 22, 2015
U.S. President Barack Obama is nominating economist Kathryn Dominguez to serve on the Federal Reserve's board of governors.
Lockheed Martin said Monday it will buy Sikorsky Aircraft, the storied U.S. maker of the Black Hawk helicopter, in an all-cash US$9 billion deal with United Technologies (UTC).
PayPal shares jumped in its first day as a separate and publicly traded company as the firm outlined plans to capitalize on the rise of mobile payments and the growing digitization of money.
Tuesday, July 21, 2015
The adultery website Ashley Madison said Monday that customers' data had been stolen by hackers and said the breach had been fixed, though media reports said users' information had been briefly posted online.
U.S. businesses' outlook on sales in the coming months has darkened after sales growth slowed in the second quarter, according to a survey released Monday.
Monday, July 20, 2015
Shrinking Kodak takes on new role: startup landlord
The chemical know-how and machines that spooled out countless miles of film are being eyed for medical marijuana and solar cells, while the private rail line now carries tomatoes alongside coal as photography pioneer Kodak, its bankruptcy behind it, embraces a new role: startup landlord.
Sunday, July 19, 2015
The Nasdaq closed at a record high for the second straight session Friday, jumping more than 0.9 percent following a surge in Google shares.
Saturday, July 18, 2015
Foreign holdings of U.S. Treasury securities fell in May for a second straight month even though China, the largest foreign owner of Treasury debt, boosted its holdings.
For U.S. investors, low expectations are paying off.
Friday, July 17, 2015
Canada's central bank cut its key lending rate by a quarter-point to 0.5 percent Wednesday in a bid to stimulate an economy that fell into recession in the first half of the year.
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