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Shares of companies with significant business in China slipped sharply in U.S. trading on Thursday on signs that the Asian country's factory activity is poised for a seventh straight month of contraction.
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Bankers should be allowed to serve on the board of directors of the dozen Federal Reserve district banks because they provide critical in-depth information about current economic conditions, said Esther George, the president of the Kansas City Fed, on Thursday.
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For some American money managers, food and beverage firms like Nestle SA (NSRGY, NESN.VX) and SABMiller PLC (SBMRY, SAB.LN, SAB.JO) look like a tasty way to tap growth in emerging markets.
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Although inflation has stayed stronger in recent months than many expected, some of the upward pressures on prices are "fading," William Dudley, the president of the New York Federal Reserve Bank, said Thursday." In a speech to the Council on Foreign Relations in New York, Dudley noted that oil and gasoline prices have fallen recently and apparel prices should drop due to the sharp decline in cotton prices.
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RG Steel said it will idle its steel mills and lay off most employees after creditors suspended funding of the cash-strapped company's day-to-day operations.
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Alfred C.
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Siemens AG (SI) will slash 490 jobs at German transformer factories by the end of 2014 due to falling prices and overcapacity, Siemens energy spokesman Torsten Wolf told Dow Jones Newswires Thursday.
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RG Steel has warned employees of impending layoffs, the closely held steelmaker said in a statement Thursday.
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Kinder Morgan Inc. (KMI) has completed its acquisition of El Paso Corp. (EP) and raised its expectations for cost savings associated with the merger.
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General Electric Co. (GE) expects to confirm within two months that it will set up a factory at Brazilian EBX Group's Acu port in Rio de Janeiro state, GE Latin America's chief executive Reinaldo Garcia said Thursday.
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H.J.
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General Mills Inc. (GIS) agreed to acquire privately held Brazilian food company Yoki Alimentos S.A.
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U.S. manufacturing conditions in April grew at the slowest pace in three months, according to a new indicator released Thursday.
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Orders for long-lasting goods edged up 0.2% in April, the second rise in three months after demand for cars and car parts picked up.
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Dow Chemical Co. said Thursday it won a $2.2 billion award from the International Court of Arbitration of the International Chamber of Commerce in a dispute with Petrochemical Industries Co. of Kuwait.
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H.J.
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General Electric Co. (GE) has agreed to pay $300 million to take a 0.8% stake in Brazilian industrial conglomerate EBX, which is owned by billionaire businessman Eike Batista.
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India's state-run NMDC Ltd. (526371.BY) plans to export about 2.1 million metric tons of iron ore to steel mills in Japan and South Korea this year, Chairman N.K.
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Italian and Spanish insurers would have the most to lose were Greece to leave the euro zone, Fitch Ratings said on Thursday.
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Among the companies with shares expected to actively trade in Thursday's session are Hewlett-Packard Co. (HPQ), Pandora Media Inc. (P) and NetApp Inc. (NTAP).
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Oxford Pharmascience Group PLC (OXP.LN), a U.K. pharmaceutical company, Thursday said it signed a 10-year licensing agreement with Bayer Consumer Care AG, under which Bayer Consumer Care will manufacture a calcium and vitamin D soft chew product using Oxford Pharmascience's OXP chew technology.
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France's largest retailer Carrefour SA (CA.FR) Thursday said Georges Plassat has taken over as chief executive, effective May 23, replacing Lars Olofsson, who retired from the company on the same day.
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PT Indofood Sukses Makmur (INDF.JK) Thursday said it has set a coupon of 7.25% for its five-year IDR2 trillion ($216 million) bonds.
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Japanese stocks recovered from a weak open in early Thursday trading, as a summit of European Union leaders yielded fresh commitments to keep Greece in the euro zone.
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German industrial conglomerate Siemens AG (SI, SIE.XE) is interested in participating in a tender auction to build a high-speed rail link between Rio de Janeiro and Sao Paulo and could boost investments in the South American country if the controversial project becomes reality.
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The United States is much closer than generally thought to full employment and it is time for the Fed to shift away from its ultra-easy monetary policy stance, said Narayana Kocherlakota, the president of the Minneapolis Federal Reserve Bank, on Wednesday.
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Recent volatility in foreign-exchange rates has generated a short-term impact on business, but will not affect the long term plans of Germany's Siemens AG (SI).
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Germany's Siemens AG (SI, SIE.XE) could increase its Brazil investments if the country moves forward with a controversial high-speed train project.
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Industrial conglomerate Siemens (SI) Wednesday said it plans to invest a total of up to $1 billion over the next five years to expand its business in Brazil.
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German industrial conglomerate Siemens AG (SI) will invest up to $1 billion in Brazil over the next five years, the company said Wednesday.
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Kraft shareholders have agreed to name the company's global snacks business Mondelez International when it completes the spin-off.
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General Electric Co. (GE) Chief Executive Jeff Immelt said Wednesday that the conglomerate's industrial profit margin may not grow as much as expected this year, although he vowed that the difference will be made up in 2013.
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Industrial conglomerate Siemens AG (SI) said Wednesday it expects domestic sales to grow at a slower rate in the second half of its fiscal year than the first half.
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Ford Motor shares rose 2% to $10.41 early Wednesday after Moody's elevated the car maker's debt to investment grade status.
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Hormel Foods reported stronger-than-expected second-quarter profit on Wednesday, led by sales of Jennie-O Turkey and international growth.
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German government officials Wednesday sought to dispel doubts about the country's shift toward renewable energy as the transition is running behind schedule and has led to concerns about power shortages.
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India and Pakistan Wednesday signed agreements with Turkmenistan for a project to pipe natural gas from the central Asian country through Afghanistan, marking a major milestone in regional relations.
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Japanese stocks opened lower Wednesday against the backdrop of a surprise downgrade to the nation's sovereign debt and weaker-than-expected trade data, with the U.S. providing a mixed lead.
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Moody's Investors Service on Tuesday left unchanged its Ba1 credit rating on General Motors Co. , adding the car company's outlook remains positive.
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Moody's Investor Services raised its credit rating and outlook on Ford Motor Co. Tuesday, citing the car maker's strength in North America, strong liquidity, and sound financial discipline.
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Patriot Coal Corp. (PCX) said its refinancing plans are continuing and confirmed it is working with private-equity firm Blackstone Group LP (BX) on the effort.
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ConAgra Foods Inc. (CAG) acquired the pita-chip business of privately owned Kangaroo Brands, expanding its presence in the private-label space and continuing an acquisition spree of smaller food companies.
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The usually docile shareholders of Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) are likely to make their voices heard this year on the risks of tapping oil and gas shale reservoirs.
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General Mills Inc. (GIS) is cutting 850 jobs as part of a restructuring plan, with savings going toward ramping up the creation of new products and other strategies to try to spark growth in a packaged-food industry starving for some.
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Veolia Environnement SA (VE) said Tuesday it is seeking a temporary injunction against plans by German peer RWE AG's (RWE.XE) to sell a stake in a Berlin-based drinking water provider to the city-state of Berlin.
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BAE Systems PLC (BA.LN) has been awarded a GBP328 million contract to design the U.K. Royal Navy's next generation of nuclear deterrent submarines, the Ministry of Defence said Tuesday.
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The Hart-Scott-Rodino Act requires under certain circumstances that prospective acquirers of voting securities or assets apply for clearance from regulators.
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BP PLC (BP, BP.LN) reported a problem at an important gasoline production unit Tuesday at its refinery in Texas City, according to a government filing.
