Stocks reversed a steep sell-off to end mostly higher Friday as fears about a worrisome jobs report gave way to bargain hunting in sectors like financials and consumer staples.
Wal-Mart's Mexico subsidiary on Friday defended a voluntary program that pays employees in food vouchers they must spend at company stores, despite a Supreme Court setback.
Samsung Electronics is pursuing an acquisition of U.S. computer memory card maker SanDisk, a South Korean online business newspaper reported Friday.
Samsung Electronics is pursuing an acquisition of U.S. computer memory card maker SanDisk, a South Korean online business newspaper reported Friday.
The Delano wants to go to Dubai. Morgans Hotel Group announced Friday morning plans to open a Persian Gulf version of its iconic South Beach hotel, which helped redefine small hotels in the 1990s as stylish (and pricey) ``boutiques.''
The International Energy Agency on Thursday warned EU nations to overcome divisions to secure their future energy supply -- now heavily reliant on Russia -- and reduce costs for customers.
Brazil has declined Iran's invitation to join OPEC but could join the cartel in the future, the nation's mines and energy minister said Thursday.
Shares in Saab AB plunged Thursday after the Swedish aerospace and defense company cut its outlook for 2008, citing delays in completing orders and uncertainties surrounding Swedish defense spending.
CHINA
NEW GROUND: Paul Stowe, a British auto executive, in his office in Fengjing, China. He oversees the joint venture between the owner of London Taxi International and Geely Group Holdings, one of China's biggest independent automakers.
A senior U.S. diplomat said Thursday that building a Western-backed gas pipeline from energy-rich Turkmenistan across the Caspian Sea to the European market remains a viable option despite the planned rival routes leading to Russia and China.
A survey of chief information officers in South Florida found that 10 percent plan to hire information technology professionals in the last three months of the year.
Coca-Cola buys China Huiyuan Juice Group for $2.3 billion Coca-Cola agreed to buy China Huiyuan Juice Group for $17.9 billion Hong Kong ($2.3 billion), its biggest overseas acquisition, as the soft-drink maker tries to build its share of noncarbonated drink sales.
FRANCE
France's decade-long experiment with a 35-hour work week is coming to an end, sort of. A new law allows companies to negotiate their way out of a rule that has drawn both ridicule and envy in other countries and has put what France's labor minister calls a ''straitjacket'' on the economy.
Venezuelan banks shouldn't be allowed to enter the insurance business and insurers shouldn't handle trust accounts, the presiding member of the national finance committee said.
The Mexican government estimates that growing drug-related violence in the country has slowed economic growth by as much as 1 percent.
The Mexican government estimates that growing drug-related violence in the country has slowed economic growth by as much as 1 percent.
Argentine automakers increased production 8.5 percent in August from a year earlier, the country's Automakers Association said today in an e-mailed statement.
The Bank of Canada held its key interest rate unchanged at 3 percent on Wednesday and gave no indication of future interest rate move.
UNITED ARAB EMIRATES
Abu Dhabi Media, a state-owned firm fueled by the capital's immense oil wealth, said Wednesday it will invest more than $1 billion in feature-film and digital-media production over the next five years.
European Union antitrust regulators said Tuesday that they had put on hold an antitrust probe into miner BHP Billiton's bid for rival Rio Tinto Inc. because the companies have not provided information.
