Puerto Rico's power authority PREPA is likely to receive an extension of vital lines of credit it uses to buy oil, a financial industry executive says.» Read More
CNBC Europe's Dan Scott reports from the Frankfurt Motor Show and marvels at Porsche's decision to make a hybrid SUV.
Australian infrastructure investment group Macquarie is set to team up with U.S. bank JP Morgan in a £4 billion (US$8 billion) bid battle for Britain's Southern Water, The Telegraph reported on its website.
Central bankers and politicians are in the business of confidence building. Without it, markets - financial or otherwise - do not function. Both Bush and Bernanke did what they are tasked to do...and middle America now believes it may get a reprieve on foreclosure of its mortgage and the credit markets are starting to convince themselves a September rate cut is a foregone conclusion.
Residents of Florida don’t need an anniversary to remember Katrina; they get a reminder every month in their homeowner’s insurance bill. The devastating hurricane season of 2005 caused and is still causing many insurers to either raise rates or drop coverage entirely.
Royal Dutch Shell Plc and Dow Chemical are in talks with the Iraqi government to renovate and expand a chemical plant in southern Iraq at a cost of up to $2.1 billion, the Iraqi industry minister said.
Sales of new U.S. homes unexpectedly rose 2.8 percent to an 870,000 annual sales pacein July, reversing two months of declines, and inventories eased, a Commerce Department report showed on Friday. Despite the surprising strength, some economists said the housing outlook remains grim.
With stocks in rally mode, it's appropriate to drill down for answers as well as take a look at some key sectors.
Shares in Britain's Arriva jumped 7.9 percent Tuesday on news the transport company won a contract to run the country's biggest rail franchise, Cross Country.
With heat gripping much of the U.S., "Morning Call" chatted with two utility experts about how to make some cool cash off of recent trends facing power companies.
Andrew Acheson, portfolio manager at Pioneer Independence Fund, told CNBC’s “Street Signs” that he expects the market to move higher despite concerns about the subprime loan market.
Shares in Aker Kvaerner fell 0.8% as the Norwegian government, SAAB and Investor announced they will buy a strategic stake in the Norwegian engineering group, Reuters reported.
European equity markets looked set to extend losses next week as stocks teetered at inflated price levels with little on the corporate and economic calendar to act as a positive catalyst.
Shares in Renault outperformed the CAC-40 with a 4.2%, rise as the French automaker said it was considering adding a low-cost car to its fleet to target emerging market consumers, Reuters reported.
Shares in GlaxoSmithKline fell 0.4% as the British pharmaceutical giant came under fire for allegedly misleading its shareholders about safety concerns facing its diabetes drug Avandia.
Shares in Russian gas giant Gazprom rose as Deputy Chief Executive Alexander Medvedev announced Sunday the company was near to closing an unspecified deal to grow its market presence in Britain.
With interest rates on the rise, electric utilities and large-cap telecom stocks are most at risk for a sell-off, said Cantor Fitzgerald U.S. Market Strategist Marc Pado on "Squawk on the Street."
Shares in Airbus owner EADS fell 0.9%, as details about the European planemaker's Power8 restructuring program were due to released to its unions Tuesday.
Stocks are weaker ahead of the open despite a round of Monday morning mergers. Asian markets were higher, ignoring another selloff in China overnight, and European markets are lower.
All eyes have been on China as the engine powering the strong growth of international stock funds. However, according to Lipper, the fund sector that has posted the best returns in the year-to-date period has a decidedly Latin flare.
Sugar and sweetener producer Tate & Lyle was the biggest loser on the FTSE-100, falling 6.2%, despite posting a 14% rise in full-year profit.
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