MILWAUKEE-- Water-heater maker A.O. Smith's net income dropped 80 percent from last year's third quarter, when it gained from an asset sale. A.O. Smith raised its full-year earnings forecast, saying it expects its business to continue to perform well through the end of the year.
NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.
BEIJING-- A glance at history suggests it's easier for a Chinese woman to orbit Earth than to land a spot on the highest rung of Chinese politics. "You are so young, so beautiful," state media quoted Liu as telling the teacher, Zhang Lili. " Leadership transitions only happen once a decade in China.
BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.
NEW YORK-- Fertilizer maker Potash Corp. of Saskatchewan Inc. said Wednesday that its full-year earnings will come in below the low end of its prior forecast mostly because of weaker-than-expected potash sales volumes due to contract delays. The Canadian company previously predicted earnings in a range of $2.80 to $3.20 per share.
Spain avoids a cut and the British go to work — it's time for your FX Fix.
NEW YORK-- PepsiCo Inc.' s net income dipped 5 percent in the third quarter, as the food and beverage maker poured more money into bolstering its flagship brands and developing new products that position it for the future.
Insurance broker Willis Group Holdings has named McKinsey& Co. senior partner Dominic Casserley its next CEO, starting Jan. 7. The London- based company also said Wednesday that Steve Hearn, 46, will serve as Willis Group deputy CEO.
However, rising speculation that Spain will soon ask for help to keep its borrowing costs down continues to shore up European markets, particularly in Madrid. The surprise decision late Tuesday by Moody's to maintain its credit rating on Spain has also helped shore up sentiment.
HONG KONG-- Hong Kong's anti-corruption watchdog charged a former government secretary with fraud Wednesday over a housing scandal that erupted days after he was appointed by the city's new leader.
BANGKOK-- The two Asian nations with the region's best performing stock markets in the past year are unlikely havens for investors: Thailand and the Philippines. The PSE benchmark in the Philippines has soared 29 percent in the last 12 months and Thailand's SET index is up a whopping 33 percent.
Jeff Largey, head of metals and mining research at Macquarie Group, tells CNBC that as the metals and mining sector are facing supply challenges, it will be crucial for China's new leadership to implement growth policies.
NEW YORK-- PepsiCo Inc.' s net income dipped 5 percent in the third quarter as the snack food and beverage maker poured more money into bolstering its flagship brands and developing new products that position it for the future.
President Obama and Governor Romney answer what plans they have to put back and keep jobs in the United States.
A shares, B shares, H shares. Chinese equity listings can be confusing to global investors. I’m often asked what I think about a particular share market in China, why one is outperforming others, and which to invest in. I can’t tell you what to invest in, but I can give you some information which I hope will help you discern what choices make sense for you.
Governor Romney differentiates himself and his policies from George W. Bush and Bush's administration, saying he will "crack down on China." President Obama says Romney is "the last person who is going to get tough on China."
Japan closed in on China as the largest holder of US government debt during August as foreign demand for Treasury securities remained robust. The FT reports.
Mad Money host and former hedge fund manager, Jim Cramer, provides stock traders with all manner of investing advice.
Wholesale gasoline prices are falling sharply in some key battleground states, CNBC's Sharon Epperson looks ahead to Wednesday's key report on inventories and at how far pump prices could drop in the weeks before the US presidential election.
YOUNG AT WORK: Electronics manufacturer Foxconn said it found underage interns as young as 14 working at one of its factories in China. China's minimum legal working age is 16.. THE COMPANY: Foxconn, owned by Taiwan's Hon Hai, is best known as the manufacturer of Apple's iPhone but said the factory in question had no connection with its work for Apple.