EU official: banks to take 50pct cut on Greek debt

A European Union official says the currency union’s leaders have reached a deal with banks to take losses of 50 percent of their Greek bonds […]

Nintendo to report struggling first-half earnings

Nintendo Co. reports fiscal first half earnings Thursday that will likely highlight the Japanese game maker’s recent struggles against popular mobile devices such as Apple […]

Companies post profits but investors still worry

Investors who doubted U.S. companies could make big money in a weak economy have been proved wrong again.
Before companies started reporting earnings two weeks ago, […]

Groupon loses a bit of its sizzle as IPO looms

Only a few months ago, Groupon was the Internet’s next great thing. Business media christened it the fastest growing company ever need a personal loan […]

Occupy Wall Street reaches 1-month birthday

Occupy Wall Street is one-month-old after a weekend of rallies and arrests around the world protesting corporate greed and excess.
Monday marks the one-month mark for […]

S&P downgrades Spain’s debt rating on weak economy

Standard & Poor’s has downgraded its long-term debt rating on Spain, citing the country’s weak growth prospects and risks facing its banks.
The rating agency said […]

Stocks mixed after unemployment rate stays high

A three-day rally faded on Wall Street Friday after a pickup in hiring last month failed to bring down the unemployment rate.
The Dow Jones industrial […]

A-B InBev to invest less in U.S. facilities as beer sales slow

Anheuser-Busch InBev plans to invest more than $1 billion in its U.S. facilities from 2011 to 2014, a figure that is less than half of […]

Deutsche Bank issues profit warning

Deutsche Bank issued a profit warning on Tuesday, saying that it could no longer reach its full-year target due to market turbulence caused by the […]

Spring buying boosts US home prices for 4th month

Home prices rose for a fourth straight month in most major U.S. cities in July, buoyed by the peak buying season. But the housing market […]