Aug 20- China- based solar products maker JA Solar Holdings Co Ltd reported a lower-than-expected quarterly profit as operating expenses jumped from last year, sending its shares down 5 percent in premarket trading. JA Solar reported a fall in gross margins as prices for solar modules fell in China.» Read More
Major U.S. business and labor groups have reached an agreement on a guest-worker program that removes a major hurdle to a broad immigration overhaul and clears the way for Senate legislation to be introduced soon, according to a source.
Under conditions to be announced Saturday, depositors in Bank of Cyprus will get shares in the bank worth 37.5 percent of their deposits over 100,000 euros, while the rest may never be paid back.
Dell warned on Friday that it would be dangerous to take on a lot of debt and remain a public company given its worsening profit outlook, in a sign that it views proposals from Blackstone Group and billionaire investor Carl Icahn as fraught with risk.
U.S. consumer spending rose in February and income rebounded, further signs economic activity accelerated in the first quarter, even though part of the increase in consumption reflected higher gasoline prices.
Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro.
D.E Master Blenders 1753 said on Thursday it received a 6.4- billion-euro takeover offer from German investor Joh A Benckiser, sending shares of the Dutch coffee and tea maker up more than 25 percent.
Francois Hollande declared that companies would have to pay a 75 percent tax on salaries over a million euros after his plan for a "super-tax" on individuals was knocked down.
Cyprus conceded on Thursday that tight capital controls would remain in force longer than expected as the island's banks reopened for the first time after the government was forced to accept a tough EU rescue package to avoid bankruptcy.
Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout.
Cyprus reopens its banks on Thursday with capital controls in place and guards at branches to help avert bank runs.
Some traders are betting big that talk of a turnaround at Blackberry is over-hyped.
Wells Fargo said its online banking website was experiencing an unusually high volume of traffic that it believes stems from a cyber attack.
The banking crisis in Cyprus was a unique case and the rescue plan used should not be seen as a model for other European countries that fall into trouble.
A rescue program agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems, the head of the region's finance ministers said.
Cyprus plans to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package for the Greece- exposed island, officials said.
Developing nations must be ready for a financial market selloff if the Cypriot banking sector collapses, World Bank Managing Director Sri Mulyani Indrawati said on Sunday, urging a swift resolution to the crisis in Cyprus.
The assessment of officials and bankers on the Mediterranean island suggest the bulk of the billions of euros of Russian money in Cyprus comes from smaller firms and middle-class savers, and not the super-wealthy.
Cyprus's bid to avert financial collapse will go down to the wire after the island said it would hold a crucial sitting of parliament only after finance ministers of the 17-nation euro zone meet on Sunday.
The Supreme Court will hear arguments on Monday over whether big drug companies can settle patent litigation with generic rivals by making deals to keep cheaper products off the market.