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ICANN, the Internet Corporation for Assigned Names and Numbers, announced that they are hoping to break free of U.S. oversight by next year.
Washington (AFP) — The Federal Reserve is expected to maintain its slow march toward a normal monetary stance in its policy meeting Tuesday and Wednesday. But a small, key adjustment to its messaging could confirm growing confidence in the economy. After the surprisingly poor jobs market report for August, pressure has alleviated somewhat on the […]
Washington (AFP) — The U.S. Commerce Department raised its estimate for U.S. economic growth to 4.2 percent Thursday, confirming the solid rebound from the first quarter’s steep contraction. The department said a fuller set of data showed a higher level of fixed investment by companies and the government, contributing to the 0.2 point upward revision […]
New York (AFP) — The S&P 500 pushed back over 2,000 in early trade Tuesday, after closing short of the mark that it touched for the first time Monday. Solid U.S. economic data and some supporting company news, including positive earnings from electronics retailer Best Buy and a confirmation of the Burger King takeover of […]
Washington (AFP) — U.S. consumer confidence increased for a fourth straight month in August, the Conference Board said Tuesday, with views of the jobs market improving with the pickup in hiring nationally. The consumer confidence index rose to 92.4 from 90.3 in July, compared with 81.8 a year ago. It was the best level for […]
New York (AFP) — The S&P 500 topped the 2,000 mark for the first time Monday helped by more promises of economic support from the United States and European central banks. A fresh burst of merger activity also sparked buyers, with Switzerland’s Roche paying $8.3 billion for smaller pharmaceutical company InterMune, and fast-food chains Burger […]
Washington (AFP) — Sales of existing U.S. homes rose in July to their fastest pace in almost a year amid building momentum in the housing market, the National Association of Realtors said Thursday. Sales of existing homes, the largest part of the market, rose 2.4 percent to an annual rate of 5.15 million units in […]
New York (AFP) — McDonald’s suffered a drop in July sales after reports that it was using unsafe meat in China hit sales in Asia, the company said Friday. Global comparable sales at the U.S. fast-food giant dropped 2.5 percent, with sales in the Asia/Pacific, Middle East, and Africa region plummeting 7.3 percent. McDonald’s July […]
New York (AFP) — Twitter shares surged in morning trade Wednesday after the messaging platform eased investor concerns with a quarterly report showing strong user growth and robust revenues. In the first half hour of trading, Twitter rallied 20 percent to $46.15, the highest levels since March. Investors focused on the number of monthly active […]
By Glenn Chapman San Francisco (AFP) — Internet retail titan Amazon reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than 10 percent. The Seattle-based firm said that it had a net loss of $126 million in the quarter that ended June 30, widening the deficit from $7 million in […]
New York (AFP) — General Motors on Thursday posted a sharp drop in second-quarter profit as the automaker took heavy charges for safety recalls and a compensation fund for victims of faulty ignition switches. GM net profit dived 85 percent to $190 million, missing analyst expectations. A year ago the company posted a $1.26 billion […]
New York (AFP) – Credit Suisse is under investigation in the United States to determine if it allowed traders use its network for improper transactions, the Wall Street Journal reported Thursday. The Financial Industry Regulatory Authority, Wall Street’s self-regulator, is looking into the activities of several traders who may have used sophisticated computer programs improperly, […]
By Akanbi Thani and Kristin Palitza KANO, Nigeria — Dozens of people were killed in a twin bombing at a crowded market in the Plateau state capital Jos in central Nigeria, witnesses said Tuesday. Scores of torched bodies were being evacuated from the scene of the blasts, witnesses told the German news agency dpa. “Two […]
Despite polls indicating an unwillingness to pay for the technology, auto executive are pushing ahead with plans to produce and market electric vehicles. Mark Perry, Nissan’s North American product planning chief, estimated that electric vehicles will take 10% of the market over the next 10 years. The Center for Automotive Research disagreed, releasing a study […]