SEOUL, South Korea— Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter. Its net income for the April-June quarter dropped 20 percent to 6.3 trillion won from 7.8 trillion won a year earlier.» Read More
One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
Verizon Communications Inc said it does not "currently have any intention" to merge with or buy its partner Vodafone Group, either alone or in conjunction with others, in response to press reports.
Stockton and San Bernardino, the two California cities that have filed for bankruptcy protection, are both considered test cases in the epic battle over whether municipal bondholders or pensioners will absorb most of the pain when a government goes broke.
Following intense lobbying from the health insurance industry and members of Congress, the U.S. government said it will increase the payment rate for health insurers that offer coverage through the popular Medicare Advantage program.
Thousands of U.K. financial sector workers risk being frozen out of the industry unless they pass mandatory tests measuring their personal ethics and integrity.
A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a package of reforms to kickstart its ailing economy, its president said on Monday.
In the end it was hardly even a stroll, let alone the widely predicted run on the banks of Cyprus.
India's top court has dealt a serious blow to Western pharmaceutical firms who are increasingly focusing on India to drive sales.
Afghanistan's tax to GDP ratio today stands above 11 percent - ahead of neighboring Pakistan's dismal 9 percent.
If the Bank of Japan meets expectations and embarks this week on a radical policy shift to crush deflation, the meeting will go down as historic.
Codelco, the world's #1 copper producer, is losing a "relevant" amount of output due to a two-day-old strike at its Radomiro Tomic open pit mine in northern Chile, the company said on Sunday, branding the work stoppage illegal.
"G.I. Joe: Retaliation" won the weekend box office battle in the United States and Canada, fighting off competition from cartoon cavemen, a Tyler Perry drama, and an alien-possessed heroine trying to save the human race.
Cheap neighborhoods in China are being cleared as part of a "urbanization" campaign. But in an ironic twist, the clearance of these "villages within cities" removes cheap housing for the very people targeted to fuel that migration.
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.