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National Activity Index Turns Negative In August, Chicago Fed Says

Mon, 09/22/2014 - 8:30am
U.S. economic activity was below-trend in August, according to data released Monday.
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Tesco Cuts Profit Outlook, Suspends Executives, Probes Accounting Error

Mon, 09/22/2014 - 8:28am
Tesco cut its profit forecast for the third time in two months Monday and suspended four staff members after finding a major fault in its accounts.
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Airbus To Begin Flight Trials of New A320neo Engine Options

Mon, 09/22/2014 - 8:22am
Airbus Group NV plans to begin flight trials of its most successful new plane this week.
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Siemens Agrees to Buy Dresser-Rand for $7.6B

Mon, 09/22/2014 - 7:48am
German engineering company Siemens AG announced a deal to acquire U.S. oil-equipment maker Dresser-Rand for $7.6 billion.
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Alibaba Underwriters Exercise Option To Buy Additional 48 Mln ADS

Mon, 09/22/2014 - 7:41am
Alibaba Group Holding Ltd. said Monday that the underwriters of its initial public offering have exercised the option to purchase an additional 48 million American depositary shares from the company and certain selling shareholders.
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RadioShack Holds Talks With Vendor Regarding Potential Financial Restructuring

Mon, 09/22/2014 - 7:39am
RadioShack and some of its largest creditors have held talks with a major vendor, seeking potential changes in their relationship that would could be helpful if the troubled consumer electronics retailer pursued a financial restructuring, RadioShack disclosed in a regulatory filing Monday.
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German Merck to Buy St. Louis-Based Sigma Aldrich

Mon, 09/22/2014 - 7:33am
German drug company Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17 billion.
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Apple Price Target Raised To $130 Vs $115 At Global Equities Research

Mon, 09/22/2014 - 7:25am
Global Equities Research on Monday raised its price target on Apple Inc. to $130 from $115, and said innovation will drive growth at the company for many years.
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Ahead of the Bell: U.S. Home Sales

Mon, 09/22/2014 - 7:21am
The National Association of Realtors reports on sales of existing homes in August on Monday, and economists expect sales came in at a seasonally adjusted annual rate of 5.18 million.
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Alibaba IPO Gives Softbank $4.6 Billion Gain: Report

Sun, 09/21/2014 - 7:37pm
Softbank Corp. said Saturday its April-September results will include a special gain of about 500 billion yen ($4.55 billion) from receipts in Alibaba Group Holding Ltd. , the Nikkei Asian Review reported.
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Alibaba Reportedly Exercising Green Shoe Option

Sun, 09/21/2014 - 5:56pm
E-commerce company Alibaba Group's bankers are reportedly exercising their option to sell more shares, Dow Jones Newswires reported Sunday, citing unnamed sources familiar with the matter.
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GM Recalls 221,000 Cars Over Braking Problem

Sat, 09/20/2014 - 2:38pm
General Motors Co. announced a recall of 221,000 new cars worldwide over a fault with braking that could cause excessive heat and poor performance.
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Exxon To Wind Down Russian Arctic Drilling Project

Sat, 09/20/2014 - 1:09pm
ExxonMobil announced on Friday it is winding down its drilling campaign in the Russian Arctic, due to sanctions announced by the U.S. and EU this month.
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Claman on Call: Alibaba's Debut and NFL Policy Changes

Fri, 09/19/2014 - 5:26pm
Welcome to Claman on Call. The markets might be closed, but FOX Business is always on call.
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U.S. Court Tosses Argentina, Citigroup Appeal in Bond Case

Fri, 09/19/2014 - 5:24pm
A U.S. appeals court on Friday dismissed an appeal by Citigroup and Argentina of a judge's order blocking the bank from processing payments on $8.4 billion in bonds issued under the country's local laws following its 2002 default.
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Caterpillar Says Machinery Sales Fell in August

Fri, 09/19/2014 - 5:17pm
Caterpillar said Friday that sales of its heavy machinery fell 10 percent in August on weaker results outside of North America.
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Procter & Gamble Cancels On-Field NFL Promotion

Fri, 09/19/2014 - 5:06pm
Procter & Gamble is canceling an on-field breast cancer awareness promotion it had been planning with the National Football League, the latest sponsor to respond to the NFL's growing problems.
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Fitch Affirms Triple-A Rating for U.S.

Fri, 09/19/2014 - 4:57pm
Fitch Ratings Inc. affirmed its Triple-A rating for the U.S., citing the nation's "unparalleled financing flexibility as the issuer of the world's pre-eminent reserve currency and benchmark fixed-income asset, and as home to the world's deepest and most liquid capital markets."
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Alibaba Soars but Markets Mostly Down

Fri, 09/19/2014 - 4:55pm
U.S. markets were mostly down on Friday, following the much anticipated Alibaba IPO, which saw shares of the Chinese e-commerce giant jump over 38% in its first day of trading.  Markets had gained earlier after Scotland’s vote to remain part of the UK alleviated some volatility concerns, but slid lower in afternoon trading.
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U.S. Crude Falls on Worries About Glut, Brent Gains

Fri, 09/19/2014 - 4:53pm
U.S. crude oil and Brent traded in opposite directions on Friday as a sell-off ahead of Monday's expiration kept U.S. prices down, while discussions of OPEC cutting output put strength into the market overseas.
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